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A secured loan is when the person making the loan, possibly you, uses collateral, such as a car, a watch, your property, i.e, to make the loan. Example, you go into a bank and ask for $3,000 loan. They say, hmm, you might want to make a secure loan, seeing as you don't have great credit. You can put your car up, so that if you don't pay the loan on time, we get your car. It's simple.
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What is the definition of a yes loan?
Yes Loans is the UK's biggest loans broker. They offer loans to individuals who may not qualify for standard loans. Loan types include unsecured loans, tenant loans, bad credit loans and loans to pay off debt.
What kind of debt loans are available?
There are many types of debt loans available. A loan in it self is by definition a debt. Some of the types include but are not limited to: Student Loans, Debt Consolidation Loans, Home Loans, Personal Loans, and even the smaller end loans such as Pay Day Loans.
What is the definition of buying stocks with loans?
over leveraged. ------------------------ or perhaps madness!!
What is the definition of debt consolidation loans?
Debt consolidation loans are loans taken out to repay other debt, typically this is done as a means to receive a lower interest payment or secure a fixed interest rate. Debt consolidation loans can also allow for discount, generally when the debtor is near to bankruptcy.
Definition of a credit union?
The definition of Credit Union is: a cooperative group that makes loans to its members at low rates if interest. Reference: Random House Webster's College Dictionary.
What do borrowers need to provide when applying for no documentation loans?
Even though no documentation loans by definition do not require any documentation, the prospective applicant still needs to provide some proof of income.
Definition of recorded investment in mortgage loan?
What OCC means when they refer to "recorded investment" in the nonaccrual loans regulations.
What is the definition for working capital loan?
The definition of working capital loan is a loan for which the purpose is to finance everyday operations of a company. You can learn more about working capital loans at the Investopedia website.
What is the definition of debtors and creditors?
Debtors are people who owe money to creditors. Creditors are people who are owed money by debtors. For example, the bank is a creditor allowing people to take out loans and the people taking out the loans are the debtors.
Who can apply for Adverse credit unsecured loans?
Adverse credit unsecured loans are loans which are, by definition, given to people with poor or even bad credit ratings, without a security or collateral. As a result, these loans can carry steep interest rates and short repayment terms. Typically, a payday cash advance can be considered a loan like this, and there are lenders out there which specialize in this type of loan.
What is Definition of capital market?
Compare money market the financial institutions collectively that deal with medium-term and longtime capital and loans ruchita
What is the definition of housing finance?
The definition of housing finance can vary in different regions and countries. The term finance often is referred to as dealing with monies. Therefore housing finance is often defined as housing monies or housing loans.
