To loan money to someone means to give your own money to someone else for a period of time. Then, the receiver will eventually pay the lender back the money (usually with interest).
When someone defaults on a loan, it is when you borrow money from a bank and you say that you are going to pay it back, but you do not, therefore stealing their money. This can wreck your credit score and get you in deep trouble.
It means you are asking someone or some company to loan you some money.
Loan means credit when you loan to somebody giving that somebody credit. You are the loaner and the person given credit is the Lonee. Loaner is the lender and the Lonee is the borrower.
Someone can get a loan for money today by visiting online loan companies such as Easy Financial, Zippy Cash, Fast Cash and Money Loans 24. However, one must be aware of the rates that are charged for your loans.
To hit someone up is to try to borrow money, or to get a donation.
i don't think anyone will loan you $10,000.00! only if you know someone rich that is willing to loan you money!
Interest is the money you pay when you get a loan. It is the cost of having someone lend you money.
A cosigner- someone who agreesto pay the loan if you default
A thing or money that is borrowed by the bank
loan
Basically they mean the same thing. You can give someone a loan, or allow them credit which means to let them borrow money from you. However there is a slightly different use of the term 'credit' in accounting: there it means to increase in value (to reduce in valid is 'debit'). Even more confusing is the term 'creditor' which means 'someone to whom you owe money' (a 'debtor' is 'someone who owes you money).
Someone will probably loan you money under those circumstances, but it will be a very expensive loan. You might have to pay twice or more money back at the end of the loan. It would be best to try to live without such a loan.