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Goodday Sir/Madam, I'm Tom Okosun from TOM FINANCE COMPANY a certified loan lender.I offer secured loans to companies,students,individuals,business men and women with soft interest rate and long term payback scheme including to those with bad credit.If interested reply via email: tomloanlender@Yahoo.com Goodday Sir/Madam, I'm Tom Okosun from TOM FINANCE COMPANY a certified loan lender.I offer secured loans to companies,students,individuals,business men and women with soft interest rate and long term payback scheme including to those with bad credit.If interested reply via email: tomloanlender@yahoo.com
What else can I help you with?
What are the best options for obtaining loans for short term financial needs?
The best options for obtaining loans for short term financial needs are payday loans, personal loans from banks or credit unions, and credit card cash advances. It's important to compare interest rates and terms before choosing a loan option.
What is the classification of bank loans?
Bank loans are typically classified into several categories based on various criteria, including the purpose, term, and security of the loan. Common classifications include secured loans (backed by collateral) and unsecured loans (not backed by collateral), as well as personal loans, business loans, and mortgage loans. Additionally, loans can be categorized by their term, such as short-term, medium-term, and long-term loans. These classifications help banks assess risk and determine suitable lending practices.
Who can qualify for a long term loan?
Long term loans are generally given to someone who is a borrower, with monthly income, and has a valuable asset. Good credit will get you a better loan opportunity, however, there are places who give loans to those with poor credit.
Why do long term loans have higher interest rates than short term loans?
feel it.
What are the terms for very short term loans?
The terms for very short-term loans are typically referred to as payday loans or cash advances.
Is it best to retire a loan toward the end of its term or much before it?
If you mean "pay off" it is better to do it before the lien is up. You pay less interest.
What would be preferable to retire a loan towards the end of its term or much before it?
In most instances paying off a financial contract saves the borrower money in terms of interest and fees. However, some loans have early payoff penalties. It would not impact negatively on a credit report. Comparing the amount that could be saved on interest charges with other contributing factors should help in making a decision.
Is it better to retire a loan before it term or after the term?
As a rule of thumb, it never hurts to get rid of the loan early. The more credit you are trying to build, the more your score will increase if you pay the loan off with the regularly scheduled payments. This especially holds true for unsecured loans. That said, there are some loans that contain pre-payment penalties. Pre-payment penalties can end up being a few points (percentages) of the loan. Check with your bank or entity through which you got your loan for any pre-payment clause.
Is it better to retire all loans before their term?
It all depends on the terms of the loan. Is there a prepayment penalty? What interest rate is the loan for versus the rate that could be earned from (or is being paid) for the money used to pay it off? No. Not always. If your money can earn you higher return than your interest rate on loans, it is worse if you use it to pay off loans. Other considerations: perhaps the peace of mind felt from not having any debt (loans) can inspire you to greater things, so retiring would make sense in that case. a tax preparer can tell you if you might be better off keeping your loans and writing off interest expense. your own comfort zone issue. "can" you feel ok if you have outstanding loans, and you spend money on other things to enjoy life. if not, retiring would make sense. -Gaven Khan
What are the best options for obtaining loans for short term financial needs?
The best options for obtaining loans for short term financial needs are payday loans, personal loans from banks or credit unions, and credit card cash advances. It's important to compare interest rates and terms before choosing a loan option.
What is the classification of bank loans?
Bank loans are typically classified into several categories based on various criteria, including the purpose, term, and security of the loan. Common classifications include secured loans (backed by collateral) and unsecured loans (not backed by collateral), as well as personal loans, business loans, and mortgage loans. Additionally, loans can be categorized by their term, such as short-term, medium-term, and long-term loans. These classifications help banks assess risk and determine suitable lending practices.
Who can qualify for a long term loan?
Long term loans are generally given to someone who is a borrower, with monthly income, and has a valuable asset. Good credit will get you a better loan opportunity, however, there are places who give loans to those with poor credit.
Why do long term loans have higher interest rates than short term loans?
feel it.
What was Charles haughey's term for to retire?
Retire or resign?
What are the terms for very short term loans?
The terms for very short-term loans are typically referred to as payday loans or cash advances.
How does one apply for term loans?
One may apply for term loans in many places. These places include thousands of loan offices spread across the US which include Loans R Us, Loans Galore, and more. Employees there will find you the form to fill out for term loans.
What are the benefits of a short term loan over a long term loan?
Short term loans often have significantly higher total costs than long term loans as you do not typically have the paperwork and collateral required by long term loans. Short term loans should be used with care as they may make it easier for you to overextend yourself.
