0
Is a loan from a family member an example of an expensive loan?
Wiki User
∙ 10y ago
10000
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Can you get a loan while on ei?
Does a loan from a family member affect my Employment Insurance in Ontario
What happens if you take a personal loan out from a family member and they pay the loan off through the banking institution are you still responsible to pay off loan?
The question doesn't make sense. If your family member gave you a loan, what "banking institution" was involved? Why did the person you took a loan out from have to pay off anything?If you took out a loan, yes you're responsible for paying it back.
What is an example of an inexpensive loan and a medium price loan and a expensive loan?
An inexpensive loan is one with a 0.12 percent interest rate. A medium price loan would be about a 6.5 percent interest rate. Lastly, an expensive loan would be one with an interest rate of 15 percent or more.
Can a family member take a loan against a home that has not been to probate yet?
The lender is free to consider whatever prospective assets it wants to when making a loan. The family member wouldn't be able to mortgage the property until they had title to it.
How do you word a loan contract to a family member?
Don't loan money to a family member. If they can't get a loan at a lending instituion, that means trouble. You have to be willing to give the money to them now, instead of losing it to them later. Giving them money with no strings attached will prevent family fall out which is sure to come. " You loaned so and so money, why don't you loan me money too?" Now, you're in deep duu. Be wise!
What is an example of an inexpensive loan and an expensive loan?
expensive-car
How could you post a judgment against a family member on a co-signer loan?
How could i file a judgement against a family member. I co-signed for a school loan for this family member and she is not paying the bill.
Can you get a loan while on ei?
Does a loan from a family member affect my Employment Insurance in Ontario
What happens if you take a personal loan out from a family member and they pay the loan off through the banking institution are you still responsible to pay off loan?
The question doesn't make sense. If your family member gave you a loan, what "banking institution" was involved? Why did the person you took a loan out from have to pay off anything?If you took out a loan, yes you're responsible for paying it back.
What is an example of an inexpensive loan and a medium price loan and a expensive loan?
An inexpensive loan is one with a 0.12 percent interest rate. A medium price loan would be about a 6.5 percent interest rate. Lastly, an expensive loan would be one with an interest rate of 15 percent or more.
Can a family member take a loan against a home that has not been to probate yet?
The lender is free to consider whatever prospective assets it wants to when making a loan. The family member wouldn't be able to mortgage the property until they had title to it.
If i cosign a loan for refinancing a home for a family member and they default what can happen?
You will be responsible for the money.
How do you express Gratitude for a loan of money from a special family member who really made a difference in your life by her loan of money?
Pay it back
How do you word a loan contract to a family member?
Don't loan money to a family member. If they can't get a loan at a lending instituion, that means trouble. You have to be willing to give the money to them now, instead of losing it to them later. Giving them money with no strings attached will prevent family fall out which is sure to come. " You loaned so and so money, why don't you loan me money too?" Now, you're in deep duu. Be wise!
Can a family member take your car if you signed over the title to them for a personal loan?
Yes, if you did not pay back the loan. That is what "signing over" the car is all about.
What is the minimum interest rate a person can charge a family member on a loan for it not to be considered a gift?
i think about a billlion
What is bad loan?
Bad loan is a loan that can't be recovered. As a old person which has a loany ac andby chance he dies that loan can't be payed by his family member because of absence of nominee. Same happens with vechile,hoam loan etc
