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What else can I help you with?
Is a deferred loan cost an intangible assets?
YES
How will a deferred payment look on your credit?
If it is a student loan, there will be a statement on the credit report. It will also show the date that payments were deferred.
What is deferred period?
A deferred period is a set period of time over which something has been delayed by agreement, for example... His student loan payments were deferred for a further twelve months.
Can you get a direct loan deferred if you am using it for your studies?
Yes, you can get a direct loan deferred (or temporarily stop making payments) if you are using it for your studies, IF you meet certain requirements. If you do not meet the requirements, you may be eligible for Forbearance.
Can you can be repo behind a deferred payment plan?
No. Because the loan is deferred. meaning its post poned. which means you should not have to make payments until they change the status of the loan deferrement. Ex: with my student loans they are deferred until I'm done with college or i stop going to school
Is there any law or authority on how a credit agency can score for a deffered student loan and this is not un unpaid loan just deferred?
No.
If you have a student loan that's deferred can you open another student loan?
Yes, you can. Students do this all the time. Technically, your student loans are are deferred until 6 months after you graduate or drop out of school at which time you will begin repaying all of the loans.
What is better a student loan or a parent plus loan?
Only a parent can apply for a parent loan. the payment plan for a student loan can be deferred until after graduation. It all depends on who is paying the loan off, the student or the parent
What are deferred payments?
Putting off payments until the end of a loan or to be paid over the course of the remainder of the loan. This will not effect the balance of the loan but there may be fees for not paying on time.
What is a college loan?
A college loan is a loan that has payments deferred to six months after graduation. This allows students the chance to look for a job before having to mail payments to the lendor.
What are the terms and conditions of a deferred payment loan mortgage?
A deferred payment loan mortgage allows borrowers to delay making payments for a certain period, typically at the beginning of the loan term. However, interest continues to accrue during this time. Once the deferral period ends, the borrower must start making regular payments, which may be higher to account for the accrued interest. It's important to carefully review and understand the terms and conditions of a deferred payment loan mortgage before agreeing to it.
What is the accounting journal entry to record loan fees amortized?
Debit: Deferred loan origination fees Credit: Interest income
