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Well usually it is the person that the money was loaned to, however if you are refinancing it is the bank that buys the loan from the other bank in hopes of making money off of the interest, while the first bank just wants the money back from the loan. And the person refinancing can get a better interest rate from the next bank.
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∙ 14y ago
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How can irresponsible use of loans lead to a poor credit rating?
Credit rating is a reflection of how well an individual pays back their dues. If an individual has taken out loans and failed to pay them back on time, in full, their credit rating will reflect it.
In case of death of lonee or guaranter of education loan who pays the loan back?
In the US, if the loans are Federally Guaranteed then the loans will be forgiven by the Government is the loan holder dies. If it is a co-signer that died, then the loans still need to be repaid. If the loans are private, then they still need to be repaid.
Who pays commission to DSA in bank loans?
Respective Banks
Is there a loan that pays off credit?
Personal loans can be used for any purpose.
The interest rate a company pays on loans outstanding depends on?
Credit rating
Where can you find a student loan people club?
Many banks would offer multiple types of student loans. They often require that the person taking the loan pays it back after they have completed their studies.
What are some benefits of career development loans?
There are several different benefits of career development loans. Some of these include: the government pays the interest on the loans until the period of study ends and the rate of interest is significantly lower than other loans.
How can a bank make money?
Banks make money off of the interest that comes from loans. When someone takes out a loan, he pays back more money than he borrowed. That money becomes the bank's profit.
Are the FUTA tax rates for Michigan changing in 2010?
Yes, as they did in 2009 and they will in 2011 until Michigan pays back the loans to the Federal government.For more info try www.michigan.gov and search under FUTA.
When are you required to pay back a FAFSA loan?
Yes, you are required to pay back federal loans that your accept after filling out the FAFSA. This includes subsidized loans, unsubsidized loans, and PLUS loans.
When do the Christmas loans start?
WHEN do the loans start where you can get money on your taxes and pay it back when you get your tax money back?
Do federal Stafford loans have to be paid back?
Yes, you need to pay back federal Stafford loans.
