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Yes, it is possible to accept a partial amount of a loan, depending on the lender's policies and the terms of the loan agreement. Borrowers can negotiate with the lender to receive a specific portion of the requested amount. However, it's important to understand how accepting a partial loan may affect repayment terms and interest rates. Always review the loan agreement carefully before making a decision.
What else can I help you with?
What is a partial secured loan?
Where only part of the loan is secured.
Can you get a cash advance if you owe another lender?
Yes. You will have to request a higher loan amount. However some lenders do not accept new loan requests from other payday lenders.
If you make a parshall payment on your loan can the loan company still come after your car?
YES they can. A partial payment is not the full amount owed, so they can repo the car. If they say they won't if you do this--get it in writing, or re-finance the car.
What is the ratio of loan balance to loan amount for this particular loan?
The ratio of loan balance to loan amount for this specific loan is 0.75.
The amount of a loan is called the what?
The main loan amount is called the principle. The amount charged monthly for the loan is called interest.
I had work done on my car and have not paid it in full. The owner of shop refused a part payment and started proceedings to place lien on my vehicle. Can he do that?
Yes. He does not have to accept a partial payment.Yes. He does not have to accept a partial payment.Yes. He does not have to accept a partial payment.Yes. He does not have to accept a partial payment.
What is a partial secured loan?
Where only part of the loan is secured.
Can you pay partial rent to avoid eviction?
A partial payment will stop an eviction but the landlord must be willing to accept it. If they will not accept a partial payment, the eviction will proceed forward.
Can you get a cash advance if you owe another lender?
Yes. You will have to request a higher loan amount. However some lenders do not accept new loan requests from other payday lenders.
If you make a parshall payment on your loan can the loan company still come after your car?
YES they can. A partial payment is not the full amount owed, so they can repo the car. If they say they won't if you do this--get it in writing, or re-finance the car.
What is the ratio of loan balance to loan amount for this particular loan?
The ratio of loan balance to loan amount for this specific loan is 0.75.
The amount of a loan is called the what?
The main loan amount is called the principle. The amount charged monthly for the loan is called interest.
How much collateral do you need to have for a 500000 loan?
The amount of collateral required for a $500,000 loan typically depends on the lender's policies and the type of loan. Generally, lenders may require collateral equal to or greater than the loan amount, or they may accept a percentage of the loan value (usually ranging from 100% to 150%). Additionally, the value and type of collateral, as well as the borrower's creditworthiness, can influence the specific requirements. It's best to consult with the lender for precise terms.
What is the proportion of my current loan balance to the original loan amount?
The proportion of your current loan balance to the original loan amount is the percentage of how much you still owe compared to the total amount you borrowed.
Can you reopen a car loan account that has been charge off to pay it off in a payment plan?
No. Once the loan is charged off, it is technically off the lender's active books. It is still advisable to pay off the charged off amount so as to correct any issues it may have created for your credit rating. Be advised however that if you do not have a signed agreement with the lender, they are not required by law to accept any partial payments, and can refuse anything less that payment in full.
What is uncollateralized loan?
a loan not backed by a co-signer who agrees to cover the amount of the loan a person loan without assets to cover the loan amount a home equity loan a loan tkaen on a life insurance policy
What is uncollateralized?
a loan not backed by a co-signer who agrees to cover the amount of the loan a person loan without assets to cover the loan amount a home equity loan a loan tkaen on a life insurance policy
