answersLogoWhite

0

It's possible. Lenders look at scores to access a person's credit risk level and then determine if they're qualified for a loan based on their own approval standards.

User Avatar

Wiki User

11y ago

What else can I help you with?

Continue Learning about Finance

What is 70 percent of 490?

70 / 100 x 490 = 7 x 49 = 343


What bank has a sort code of 601114?

Name Natwest · We are open! Address 490 Holloway Road Postcode N7 6JB Name Natwest · We are open! Address 490 Holloway Road Postcode N7 6JB Natwest, 490 Holloway Road, London, N7 6JB


How do I fix my credit score?

This is a easy answer. Karma could not do what this company done for me in 90 days. Just use this link. h tt ps :/ / yazing dot com / deals / creditrepai r/ jroach912 ( just remove all the spaces and replace the dot with .


What is the difference between loan and advance?

The main difference between Loan and Advance : the interest component.2. Both Loan and Advance are to be repaid in installments for example: monthly installments of equal amounts.3. In case of Loan, interest is calculated ( Simple or Compound type interest) and the interest amount is recovered at the end.4. Example for Advance: Mr. X working in an organisation. He took $10,000 as advance to be repaid in 10 monthly installments. Monthly recovery from salary is $1,000 . After 10 months, hi repays entire amount .5. Example for Loan: Mr. Y took a Loan of $10,000 with a a simple interest rate of of 12% per year. Monthly installment is $1,000. Accrued Interest is calculated every month on balance principal amount. The recovery chart is as below.Installment Balance Interest Accrued interest 10000 0 1 1000 9000 100 100 2 1000 8000 90 190 3 1000 7000 80 270 4 1000 6000 70 340 5 1000 5000 60 400 6 1000 4000 50 450 7 1000 3000 40 490 8 1000 2000 30 520 9 1000 1000 20 540 10 1000 0 10 550After 10 monthly installments , the interest portion $550 is remaining. This may be repaid at a time. In case of huge loans, the interest amount is recovered in equal installments.The main difference between Loan and Advance : the interest component.2. Both Loan and Advance are to be repaid in installments for example: monthly installments of equal amounts.3. In case of Loan, interest is calculated ( Simple or Compound type interest) and the interest amount is recovered at the end.4. Example for Advance: Mr. X working in an organisation. He took $10,000 as advance to be repaid in 10 monthly installments. Monthly recovery from salary is $1,000 . After 10 months, hi repays entire amount .5. Example for Loan: Mr. Y took a Loan of $10,000 with a a simple interest rate of of 12% per year. Monthly installment is $1,000. Accrued Interest is calculated every month on balance principal amount. The recovery chart is as below.Installment Balance Interest Accrued interest 10000 0 1 1000 9000 100 100 2 1000 8000 90 190 3 1000 7000 80 270 4 1000 6000 70 340 5 1000 5000 60 400 6 1000 4000 50 450 7 1000 3000 40 490 8 1000 2000 30 520 9 1000 1000 20 540 10 1000 0 10 550After 10 monthly installments , the interest portion $550 is remaining. This may be repaid at a time. In case of huge loans, the interest amount is recovered in equal installments.The main difference between Loan and Advance : the interest component.2. Both Loan and Advance are to be repaid in installments for example: monthly installments of equal amounts.3. In case of Loan, interest is calculated ( Simple or Compound type interest) and the interest amount is recovered at the end.4. Example for Advance: Mr. X working in an organisation. He took $10,000 as advance to be repaid in 10 monthly installments. Monthly recovery from salary is $1,000 . After 10 months, hi repays entire amount .5. Example for Loan: Mr. Y took a Loan of $10,000 with a a simple interest rate of of 12% per year. Monthly installment is $1,000. Accrued Interest is calculated every month on balance principal amount. The recovery chart is as below.


What is the address of Mortgage Protection Center in Burlington NC?

The address of the Mortgage Protection Center in Burlington, NC is PO BOX 9001, Burlington, NC 27215. People can call them on 1-855-490-4656. They offer several life insurances.