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If more than one loan is secured on the property, the lender with the first charge has the first call on the property if the borrower defaults on the loan. the primary mortgage or loan secured against a property which takes precedence over all other finance secured against it.
The only way for a co-signer to be taken off the loan, would be for the primary borrower to refinance the account.
A fixed rate mortgage is a loan with an interest rate that does not change over time. Whatever the interest rate is when the loan is taken out, will be the interest rate for the entire duration of the loan.
Yes. A secured credit card (where you have given the bank issuing the card a deposit in the amount of the credit line) is considered a loan for those with bad credit. However, despite the fees that the lender charges you for the privilege of having a credit card, that loan is risk-free to the bank because (1) you may not go over your credit limit and (2) the deposit will cover that was not paid back through the normal statementing process. As an aside, payday and auto title loans are not considered secured loans.
You'll need to find out what lending institution has taken over your student loan. Once you know who you owe to, just call them.
If more than one loan is secured on the property, the lender with the first charge has the first call on the property if the borrower defaults on the loan. the primary mortgage or loan secured against a property which takes precedence over all other finance secured against it.
A creditor cant take you to court over a secured debt. However, if they have a security interest in any of your property, they can still foreclose on that property.
All types of promissory notes can be amortized over 120 months. We can write secured and non secured notes, 1st and 2nd mortgages. car loan etc.
A loan calculator calculates how much money it will take you over a set period of time to pay back the loan you have taken out. It will help you find the amount of money you can loan and not go bankrupt.
The only way for a co-signer to be taken off the loan, would be for the primary borrower to refinance the account.
Under "contract law", in this instance the loan/payment agreement you signed at the time the car was handed over to you.
A fixed rate mortgage is a loan with an interest rate that does not change over time. Whatever the interest rate is when the loan is taken out, will be the interest rate for the entire duration of the loan.
You'll need to find out what lending institution has taken over your student loan. Once you know who you owe to, just call them.
Yes. A secured credit card (where you have given the bank issuing the card a deposit in the amount of the credit line) is considered a loan for those with bad credit. However, despite the fees that the lender charges you for the privilege of having a credit card, that loan is risk-free to the bank because (1) you may not go over your credit limit and (2) the deposit will cover that was not paid back through the normal statementing process. As an aside, payday and auto title loans are not considered secured loans.
The average length of a short term loan will depend on what type of loan is being taken out. In general a short term loan may be over a period of time of between one and five years.
I,ve purchased an item in 1994....company closed down & was taken over. I've paid 16 installments out of 24. now i am blacklisted and couldn't apply for a bank loan...item had been charged with interest which amounted much more than the price of the remaining bal.......pls help.
Credit can be simply defined using three (3) aspects: * Secured (Collateralized) or Unsecured Credit (is there an asset positioned as a backstop to cover the debt if the borrower defaults) Example: Auto loan is secured by the car, a credit card is unsecured * Installment or Revolving Credit (is the loan fixed at a certain amount and paid back in similar installments over time or can the principal and payment of the loan change over time) Example: Auto loan is installment, home equity line of credit is revolving * Personal or Business Credit (is the business for an individual/family or for a business)