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When borrowing money the most important objective of the borrower should be to?
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A borrower is often confrented with a stated interest rate and an effective interest rate What is the difference and which one should a financial manager recognize as the true cost of borrowing?
A stated interest rate is the rate that is available when you are applying. An effective interest rate is the rate that has been applied to the loan. The true cost of borrowing is the effective interest rate.
Why is it important to look at the five C's of credit before the provision of credit?
this is a method used by lenders to weigh the characteristics of the borrower and their credit worthiness.it also determines if someone should be offered credit or notand for the lender to be certain the borrower will not default on the loan.
What happens if you co-signed a car loan and the primary borrower dies?
You are still respnsible for paying should the borrower die.
Is there a difference between co-borrower and co-signer?
Investopedia Says:A co-borrower is different that a cosigner in that a cosigner takes responsibility for the debt should the borrower default, but does not have ownership in the property
Does the cosigner have to live with you?
. Generally, no. A co-signer on a loan does not have to reside at the same residence as the primary borrower. Once the co-signer signs for the primary borrower; he or she is as liable as the primary borrower. It should be noted that some lenders may have their own requirement that the co-signer live at the same address as the primary borrower.
A borrower is often confrented with a stated interest rate and an effective interest rate What is the difference and which one should a financial manager recognize as the true cost of borrowing?
A stated interest rate is the rate that is available when you are applying. An effective interest rate is the rate that has been applied to the loan. The true cost of borrowing is the effective interest rate.
If lender mistakenly signs over auto title to borrower and borrower sales title who is libel?
A borrower should not have a title in their possession that they have borrowed money against. This belongs with the lender. Should the borrower sell the car, they would be libel.
Why is it important to look at the five C's of credit before the provision of credit?
this is a method used by lenders to weigh the characteristics of the borrower and their credit worthiness.it also determines if someone should be offered credit or notand for the lender to be certain the borrower will not default on the loan.
What happens if you co-signed a car loan and the primary borrower dies?
You are still respnsible for paying should the borrower die.
Is there a difference between co-borrower and co-signer?
Investopedia Says:A co-borrower is different that a cosigner in that a cosigner takes responsibility for the debt should the borrower default, but does not have ownership in the property
What is Objective of consumer awareness?
Consumers should be aware of what they are buying. Awareness is important with chemicals and when buying food with allergy properties.
Is non recourse debt on the balance sheet of the borrower?
It should be.
A microscope should be stored with the objective in place?
It should be stored with the low-power objective in place.
How long should my resume objective be?
How long should my resume objective be? Read more topresumetemplate .com
How do you reduce the non performing assets?
By adoptin proper credit evaluation process. There is no one method for reducing the NPA. Multiple strategies should be adopted from the beginning. The first stage is proper credit evaluation process. It should be based on objective evaluation and the project should be economically viable and technically feasible. Only such projects which can generate income and which RBI has permitted should be financed. Once the loan is sanctioned the post followup should be meticulously followed. Regular monitoring of delinquent loans is essential.If the delinquencies are due to reasons beyond the control of borrower, for example, as in the case of excess of rains, flood, famine, etc the banker should suitably restructure the loans taking into consideration of the genuine difficulty of the borrowers. Recovery, it should be remembered, should always be at the cost of borrower's prosperity. The recovery process is an ongoing process and it should be professionally handled. My own experience is that if we are honest and keep the interest of the borrower and if the borrower is made to feel whatever steps we are taking is in his own interest he will positively respond. In addition to our honesty and promptness, the language we use while communicating to the borrower also matters very much. The language should be healthy, positive and should NOT blame the borrower directly for delinquency of the loans. That attitude of the banker also matters. M.J. SUBRAMANYAM, BANGALORE
What should be my Objectives in a college?
If this is for acceptance, then your objective should be to get your degree. Be honest about it. If this is AFTER acceptance, find your career, then GRADUATE. That should be your main objective.
Is it acceptable to use an aka signature when the name on a borrower's id card does not match the name in which the documents are drawn?
The name of the borrower should be correctly stated on the loan documents. It should match the name of the owner of the property that is being financed. The borrower should not sign another name because of the lender's error. That would make the error worse.
