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How long does it take to get money from a loan once you're approved at a credit union?

Usually after a person is approved they can get the money the same day at a bank or credit union.


Will the bank give an auto loan on a 1960's car?

as long as you have good credit a bank should give you a loan no matter what it is for.


Who can help me with credit advice when seeking a small loan?

There are many banks that can help with a small loan as long as you have good enough credit. One such bank is www.wellsfargo.com. They can help with the loan.


If you are a cosigner on a car loan and the bank reposses how long is your credit affected?

Seven years.


How long does it take to receive a personal loan from summit federal credit union?

Depemds on underwritting and how clean the borrowers credit is usually 2_3weeks.


Who offers low interest auto loans in Long Beach?

There are several national banks like Bank of America that offers low rates. You can also try getting a loan thru the local credit union.


Do you need to have a certain credit store to get a personal loan from your bank?

No, as long as you have some form of credit line and your credit is good, you should have no problem getting a loan. Credit sources can be from any major credit card, store credit card or even paying back your student loans.


If I have a foreclosure on my credit will it affect me in trying to buy real estate?

If you are paying cash, NO. If you are financing it with a bank loan, usually it will. Depends on how long ago the foreclosure occured and the individual policies of the bank you are trying to get a loan from.


When can a bank repossess someones car?

When the owner defaults on the loan payments


Can you get a auto loan with a credit score of 565?

Ha! I can tell you from experience that it is possible. I had great credit but not a lot of it. As long as that's the case you will be ok. Id try a Credit Union, My score was just over 600 and I got a $40k loan no prob.


How long do you have to cancel a loan when you buy a used car from a dealership in Kentucky?

According to Kentucky's Attorney General, you have no right to cancel the purchase of a used car in Kentucky. One trick to get around this is to cause your loan not to be funded by the bank or credit union - this does not work if you got the financing from the dealer. Our credit union often advised people to write 'subject to financing by the xyz credit union' on the sales contract. Then, if they wanted to cancel the sale, they could tell the credit union to reject the application. A little falsehood might get you off the hook, or not. Call the dealer and tell them you are about to be fired from your job. That will generally cause them to cancel the loan but good luck getting the deposit back.


How do you treat the loan repayment in the balance sheet?

Loan repayment will reduce the amount of loan liability from liability side of balance sheet as well as reduce the cash or bank account as the payment is made through bank or cash. General entry is as follows [Debit] Long-term loan xxxx [Credit] cash / bank xxxx