That depends on your credit worthiness. If you are working, pay your bills and have a good FICO, you should be able to obtain a loan. Words to the wise: don't get a better car that you can't pay off if 4 years, or a school loan for more than you would earn in a year at that job.
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Interest rates are directly tied to your credit history. The company making the loan needs to make money, so your poor credit record will cause them to charge you higher interest.
Debit cash / bankCredit loan from bank
yes a charge off loan is a collectible.
Different b|w charging $ discharging library materials?
The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.
If a person has a criminal history, getting a small business loan can be problematic. A clean record is a good sign, but it is no guarantee of garnering a loan.
journal entry to write off a loan
Nice, do you charge flat 2% interest rate for all loan types?
The rate that a payday loan business would charge is different between the individual businesses. Some have flat fees, whereas other businesses charge interest rates. Check around before accepting a pay day loan as some of the fees can be exorbitant.
Debit bank a/c Credit loan a/c
A finance charge is interest charged by a lender on the unpaid balance of a loan.