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Q: Some one who lends money illegally is a called a what?
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What are some mortgage lenders that accept bad credit?

Mortgage lenders are almost always banks of some sort and most banks do not give mortgage lends to people who have bad credit. However, there is one American bank called Always Trust National Bank that will give mortgage lends to people who have bad credit.


Which is the main motive of money laundering?

If you've made lots of money illegally, odds are you'll eventually want to spend some of that money. And spending money you have no "official" reason to have tends to eventually get the authorities interested in you. If they discover there's an illegal source, you're in trouble. That's where money laundering comes in. It's a way to provide a "clean" source of the money so that you can use it openly.


What products do banks produce?

Bank use money to make money. When you deposit money into your bank a portion of that goes into the vault as a reserve the rest of it is given out as loans. When a bank makes a loan for say a car that money eventually makes it to another bank. You give the money to the dealership then they put it in the bank. Their bank then puts some in the vault as a reserve and lends the rest of it out as loans. So now the same money that belonged to your bank nows belongs to a third party and there are now two loans on the same money. This is how banks make up money.


What are the benefits of investing corporations?

Investing in some corporations is beneficial because they are established, proven businesses occupying a niche. Some of these companies occupy multiple niches, which lends diversity.


Why do some people say the money is borrowed into existence?

I have been trying to get to the heart of this matter myself. The reason that people say that is because to the best of my knowledge it is borrowed into existence. When the FED wants to expand the monetary base it calls up the treasury and ask to buy a bond. Which is a debt instrument and then "prints" the money up out of thin air to buy the bond. Then that newly created money is lend to regional banks. That newly created money is then lent out at a 10 percent reserve ratio. So the bank gets 1000 from the FED and lends out 900; that same 900 is deposited into another bank and is lent out at a 10 percent reserve ratio. So 810 is loaned out. Can you see that there was only 1000 and it has turned into 1810. So when the bank lends out money it is creating new money. In other words when you go in and take out a loan the money doesn't exist until you sign on the dotted line. All money is created in this way Money is Debt. If someone can refute this claim please do.

Related questions

What is Counterfeit activity?

When you illegally copy some thing such as money.


Why do some people illegally sell there organs?

because they might get money for it !


Why do some people illegally sell their organs?

Because Ethel probably want money for it


What are some mortgage lenders that accept bad credit?

Mortgage lenders are almost always banks of some sort and most banks do not give mortgage lends to people who have bad credit. However, there is one American bank called Always Trust National Bank that will give mortgage lends to people who have bad credit.


Why did people idolize John H Dillinger?

Possibly because he took money from banks illegally and with some risk to himself, while the banks took money from people legally with no risk to themselves.


What do you have to do to marry illegally just for money?

to marry illegally means bigamy or polygamy in some society with no legal status Any illegal marriage has no support of the law therefore any act of marriage without legal support is null & void. If money is the objective then you have no legal claim and may have to return the money to the rightful owner.. You are free to marry illegally with the consent of your partner but at great risk for you could be sued for fraud,cheating,sexual exploitation etc even if you have not done anything.


What are some ways that tobacco is sold illegally?

Tobacco sold without paying taxes is tobacco sold illegally.


How do people poach?

They go into places illegally and kill rare animals or out of hunting season to kill for sport, fun, or to get money for its skin or meat. Some also capture them to sell as pets.


Why are some immigrants illegal?

Because they came here illegally.


What are some opinions on watchtheprincessandthefrog.com?

The movies at this site are illegally hosted.


Can people gamble in Portugal?

sure... some places (illegally)


Should one be grant US citizenship no matter what background they have?

yes, that's how it is, some people just come illegally yes, that's how it is, some people just come illegally