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Is provision for credit losses the same as provision for loan losses?
Wiki User
∙ 11y ago
yes it is
Wiki User
∙ 11y ago
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Is it the same meaning of credit and loan?
No. A loan utilizes one's credit, but the loan does not define one's credit capability.
Net Receivables the same as accounts receivables?
Accounts Receivable means that people owes you money, when you sell products or service and they have to pay in 30 days, 45 days, etc., So for example: If we sell $500 in goods or service and in the transition of 30 days, our A/R equals to $500. But if they pay in cash, our accounts receivable is $0.To get A/R Net you need to know your provision for loan losses. When the client don't pay on the 30 days terms (it can be 45 days, etc), you write off for your provision for loan losses, this means that this amount is lost, because the customer fail to pay the amount in the 30 daysNow, A/R Net simply you can get it like this(A/R) - (Provision for loan losses) = A/R Net
How does one go about getting a boat loan?
Obtaining a boat loan is the same method as obtaining an automobile loan, a mortgage or any loan. One must have a history of credit scores and no bad credit.
Do the terms buying and owning a home mean the same thing when applying for credit?
No, a house is considered a secured loan. When you apply for credit it will be either a secured or an unsecured loan.
How can one get a cash loan with bad credit?
One with bad credit may get a cash loan from Cash One. They offer services such as payday loans and do not do a credit check for their customers. Same day loans are available.
If a co-buyer is on the contract and is making the payments does the co-buyer receive the credit points or does the buyer?
Both the co-buyer and the buyer get the credit and the blame if the loan is not paid. Co-signing on the loan is the same as getting the loan.
Where is one able to find a guaranteed home loan even with bad credit?
There is no way to guarantee someone will give you a home loan, but if you have poor credit, you can shop the same home lenders as someone with pristine credit. They will assist you in taking the steps to getting you approved for a home loan.
What are the benefits of an FHA home loan?
One of the benefits of an FHA loan is that the payments are the same for the duration of the loan. One can have a low credit score and still be able to obtain an FHA loan.
Will the same bank used in bankruptcy issue a persoanal loan?
While you are a bankrupt you can not legally take out a personal loan. Further before issuing you with a loan (even after your bankruptcy has cleared) all banks will perform credit checks and they will probably refuse you credit (the loan) on the basis of your history.
Are credit cards the same as cash?
NO, cash is money you have and probably earned....credit cards are monies not earned by you, hence an unsecured loan.
Does taking out a student loan one year and then another a couple of years later without signing a second promisary note result in a new loan or an addition to the old loan on the credit report?
It will appear as an additional loan on yoru credit report, even if issued under the same MPN as a previous loan.
Does requesting multiple Credit reports affect a persons credit rating Shopping property loans for son and will co-sign. Is credit score affected if approaching various vendors for loan?
Credit inquires do hurt credit, but if it's for shopping around for the same type of loan it won't hurt as bad.
