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Peer lending, or person-to-person loan programs, are gaining in popularity and are easier than ever to find thanks to the internet. There are websites dedicated exclusively to peer lending, such as LendingClub, and sites such as Prosper that provide P2P lending information among their other services.
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How do you put your car loan in someone else's name?
You just can't place your loan in someone else's name. That other person has to get his/her own loan for the car and pay off your loan.
What is the term for a person who has taken a loan?
The term used to refer to someone who has taken out a loan is, borrower.
Where can someone find the current mortgage loan rate?
The current mortgage loan rates will differ from person to person depending on individual factors. These factors include your age, income, age of home, risk factors, and the cost of the home.
What is a grantor on a loan?
A guarantor is the person who agrees to pay on a debt of someone else if the person who guaranteed to pay defaults on the loan. A guarantor is a type of co-signer for the loan.
What is a Straw purchase on a car loan?
A straw purchase is when someone else signs for a car loan but the loan is being paid by someone else. For instance person "a" has bad credit and person "b"does not. Person "a"signs for a loan under the idea the car is for them, but it is actually for person "b." Person "b" then gives the car to person a to drive as their own. Person b is responcable for payments, but hopes person a will make them. This type of loan is not allowed. If a dealer knows this is taking place, they will not sell the car.
Where can someone find a loan processor?
A loan processor is a person who monitors the administrative work behind loan applications. Typically, loan processors specialize in handling certain types of loans, such as mortgages or car loans.
How do you put your car loan in someone else's name?
You just can't place your loan in someone else's name. That other person has to get his/her own loan for the car and pay off your loan.
How do you get out of a used car loan?
To get out of a used car loan, pay off the loan or find someone else who will do that.
What is the term for a person who has taken a loan?
The term used to refer to someone who has taken out a loan is, borrower.
Where can someone find the current mortgage loan rate?
The current mortgage loan rates will differ from person to person depending on individual factors. These factors include your age, income, age of home, risk factors, and the cost of the home.
What is a grantor on a loan?
A guarantor is the person who agrees to pay on a debt of someone else if the person who guaranteed to pay defaults on the loan. A guarantor is a type of co-signer for the loan.
What is a Straw purchase on a car loan?
A straw purchase is when someone else signs for a car loan but the loan is being paid by someone else. For instance person "a" has bad credit and person "b"does not. Person "a"signs for a loan under the idea the car is for them, but it is actually for person "b." Person "b" then gives the car to person a to drive as their own. Person b is responcable for payments, but hopes person a will make them. This type of loan is not allowed. If a dealer knows this is taking place, they will not sell the car.
Where could a person obtain inventory financing?
Someone that is looking to obtain inventory financing can do so on the website Your Credit Advisor. On this website one can find all the details on what the loan is and how to obtain or apply for the loan.
Where can a person find a loan for a car in Toronto?
If someone living in Toronto wishes to purchase a car and needs a loan, they should go to a bank. Most banks are happy and willing to offer loans for autos.
What happens if someone has a loan default statement?
If someone has a loan default statement, it means that the person who took out the loan has not met the terms of the contract, for example they have not met the payments. If this happens then the person who gave out the loan and who the debt is loaned to can take action to recover the money, for example re-possession.
Where can someone find information on loan trading?
One can find information about loan trading from a variety of places. Vining Sparks and the Loan Syndications and Trading Association provide information about loan trading.
Where could one find an auto loan calculator?
If someone wanted to find an auto loan calculator there are a variety of places where someone can find one. Some of these places are Tesco Bank and Bank Rate.
