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"The current rate for a GE Money personal loan is set at 13.99% per annum. In order to secure the loan, you also need to pay $250 establishment fee and a $10 loan service fee per month."
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∙ 12y ago
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What does the bank do with the money that they put into your account?
Two things. First, they record how much is supposed to be there, so when you come to withdraw some they'll know how much you can. Then they make loans with some of it. The interest from the loans, and fees for various services they provide, are the bank's income.
Where can one find help with money problems?
One can find help with money problems, by looking for a job, the help wanted ads to work for your money. Do not get personal loans, most come with such high interest rate that they create more problems than you started with.
Where can one get quick payday loans?
One can get quick payday loans by going online and applying for payday loans. You will be able to get fast cash, but it will come attached with an extremely high interest rate.
What is as a interest rate?
People and businesses can ask for loans (borrowed money generally from a bank, but can be from an organization, person, etc.).The one who asked for a loan must return the exact money PLUS an extra fee (which is decided by the bank, organization, person, etc.) This extra fee generally is a percentage of the amount of money you borrowed, and it is called an interest rate.eg. I borrowed 100 dollars from the bank. The bank told me the interest rate was 10%. In that case, when I return the money I will have to pay 110 dollars. Those 10 extra dollars (which is 10% of 100) come from the interest rate.
What cash lenders will loan money to people with bad credit?
There are a few different options available where one with poor credit can get a loan. There are sites that one can apply online such as "EZ Bad Credit Loans", "Nations Bad Credit Loans" and "Bad Credit Loans Wire". One must read the fine print when applying as these often come with high interest rates.
What do you pay extra when you get a loan?
Companies give loans to make money, so loans always come with interest rates. For examples, if a consumer received a $200,000 loan at 5% interest over 30 years, they will pay back almost $400,000.
Is prime rates the same as interest rates?
Prime rates are the interest rates most banks charge their customers for loans while interest rates are the rates charged to borrow money and come in many forms.
What do the bank do with the money deposited?
Banks generally give out loans to people and companies from the money deposited. They save some percentage of total money to pay depositors that may come to withdraw their money. The rest is given out as loan. This creates a cash balance. The bank charges some interest on the loans it gives which is larger than what it gives as an interest to its depositors. This difference is the main source of income for banks.
What does the bank do with the money that they put into your account?
Two things. First, they record how much is supposed to be there, so when you come to withdraw some they'll know how much you can. Then they make loans with some of it. The interest from the loans, and fees for various services they provide, are the bank's income.
Do auto refinance loans generally come with high interest rates and how do I qualify for one?
Auto refinance loans do typically have higher interest rates than new purchase loans. You can get refinance loan from many major banks and credit unions.
Where can one find help with money problems?
One can find help with money problems, by looking for a job, the help wanted ads to work for your money. Do not get personal loans, most come with such high interest rate that they create more problems than you started with.
Where can one get quick payday loans?
One can get quick payday loans by going online and applying for payday loans. You will be able to get fast cash, but it will come attached with an extremely high interest rate.
What is the difference between student loans and grants?
AnswerGrant is a money that you have to apply for and it is given to you without paying anything back. Loans are money that you take from a bank and have to repay it back in a certain amount of time. Loans normally add interest, so u have to pay back a certain amount plus interest. In a college education you have to apply for grants and they are given to you normally by seeing your grades and extra efforts on college. The loans for students are normally a bit different than the others, because some companies have special offers of loans to students.
Why companies are still offering overnight loans in present times of economic crisis?
Companies are still able to offer loans like that because the interest is about fifty percent and they make thier money of that. They also don't worry about people not paying either because they can write it off or have another company pick it up and they will get paid by that company and that company will come after you. Because there is a lot of money to be made doing so. With more people in debt and needing money, there are more people who need these loans.
What is as a interest rate?
People and businesses can ask for loans (borrowed money generally from a bank, but can be from an organization, person, etc.).The one who asked for a loan must return the exact money PLUS an extra fee (which is decided by the bank, organization, person, etc.) This extra fee generally is a percentage of the amount of money you borrowed, and it is called an interest rate.eg. I borrowed 100 dollars from the bank. The bank told me the interest rate was 10%. In that case, when I return the money I will have to pay 110 dollars. Those 10 extra dollars (which is 10% of 100) come from the interest rate.
Where can I find more information about low interest student loans?
The best rate for student loans come from the federal government. First an application called a FAFSA is filled out in order to apply for aid. The schools that you are planning to attend are added to this application. Then you would apply to each school. This site has all the information you need for federal low interest loans. http://www.finaid.org/loans/
What cash lenders will loan money to people with bad credit?
There are a few different options available where one with poor credit can get a loan. There are sites that one can apply online such as "EZ Bad Credit Loans", "Nations Bad Credit Loans" and "Bad Credit Loans Wire". One must read the fine print when applying as these often come with high interest rates.
