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Loans
Money lent to individuals or businesses in return for interest in addition to repayment of principal. Common types of loans include commercial loans, interbank loans, mortgage loans, and consumer loans.
13,117 Questions
What is the statute of limitations on a Veterans Administerd Home loan?
never after 30 years we did not know there was a problem.
Where to get an easy payday loan?
Actually, payday loans can be obtained today even online as there are particular payday loan stores which provide online payday loans through their website. All you need is to find the particular site of such payday loan company and submit the application there. As far as I know, they require no fax or credit check, thus, even bad credit won't become a hindrance on your way to desired funds.
Are refinanced loans new loans?
iF your old loans are consolidated, then yes, they are considered new loans.
Is FinHouse Loans a real loan company?
no, finhouse is not for real. they offer you a loan and then they request that you pay an amount in order for them to make the transfer. after wards you'll never hear from them again.
How do you get payoff amount on my loan?
To obtain the payoff amount on your loan, contact your lender directly through their customer service line or online account portal. They will provide you with the exact amount needed to pay off the loan, which may include principal, interest, and any fees. Be sure to request the payoff amount for a specific date, as it may change daily. Additionally, some lenders may offer a written statement or document detailing the payoff amount.
Is there any recourse a cosigner has against the borrower of a defaulted loan?
No, there is no legal recourse that i know of, but I do know of a way to help yourself if the loans are Federally Guaranteed student loans. Have the borrower consolidate the loans without you being a cosigner. Then, the previous loans will be paid off, and a new loan will be made. If you need help getting the defaulted loans consolidated, contact Default Management Services. Google the company name for a phone #. Ask for Doug, he is very knowledgeable.
Is bank loan considered as an item in income statement?
It is imperative to define a loan in the first place. Critical to the definition are the following key elements;
- income;
- external sources/ borrower;
- borrowed from outside;
- not earned from normal business operations;
- has legal conotations;
- time bound;
- interest payable, unless if it is non-interest loan;
- liablity for future repayments;
- etc
From the above key concepts, in the main, the liability, you need to know that liabilities are not reported in the income statement, but shown in the Balance Sheet, which is simply Assets= Equity+Liabilities. You can only recognise a bank loan in your BS but you repay it in your IS. This reply is thought-provoking, you need to further consult the basics of accounting.
Can you be sued for personal loan?
Yes.
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You can be sued for most anything- the question becomes: do they have a case?
If they sue without just cause then they can open themselves up to a lawsuit for "bad faith pleadings"
Can I sell the home with my husband's name on the title but not on the mortgage?
What that means is you both own the house, but only you are responsible for repaying the debt.
All the owners of real estate must sign the deed in order to transfer ownership. You cannot transfer your husband's interest. He must sign the deed and he will receive half of the net proceeds unless you make a different agreement in writing.
Is Loans to staff an asset or liability in a business?
most likely a liability- anything you're risking losing is a liability. an assett is something you gain from.
Is it easy to get a small business loan?
The process can vary greatly depending on where you get the loan. If it is through a bank or the SBA the process can be slow and require a fair amount of work. This is rewarded by low rates however. If you go through a lending company the process can be much faster and easier, but it will cost a little bit more in the long run.
Can a warrant be sent out for your arrest for not paying a payday loan?
No, you can not be arrested for failing to pay your loan. The most they can do is file a small claim suit against you for the amount owed including the contract interest rate. You will be served court papers and can appear in court only if you wish to deny the claim or participate in court mandated mediation. This might be helpful if you wish to set up a payment plan and the rep. from the payday loan accepts the terms. It will cost you to file an answer ( about 75.00). You definitly want to appear if you question the amount owed! Some judges are sympathetic to you as the debtor as far as the very high interest rates and might be willing to cute some of that interest on your behalf.
If you dont appear, the payday loan company will be awarded the court cost, prevailing party fee and any attorney fees that are applicable. They will then attempt to garnish you if you have not set up a repayment plan.
DO NOT ALLOW THEM TO THREATEN ARREST, THIS IS VIOLATION OF YOUR FDCPA RIGHTS AND YOU CAN SUE THEM FOR THE VIOLATION OR AT LEAST REPORT THEM FOR THE VIOLATION! GET THE NAME OF THE PERSON YOU SPOKE TO AND ALL PHONE/ADDRESS INFO. KEEP RECORDS OF THE CONVERSATION AND BASED ON THE STATE FEEL FREE TO RECORD THE CALL!
Does being denied a car loan lower your credit score?
yes, when you apply for an auto loan and get denied, it will hurt your credit. first, just applying for credit is a hard hit by 2 to 5 point lost.
Explain why banks must balance profit and security when making loans?
Banks must balance security and profit when making loans because loan interests are partially how banks make their money. They must take appropriate security measures to ensure customers keep returning.
Who offers debit card payday loans?
All major payday loan lenders offer debit card payday loans. It is called debit card payday loans because the lender keep your debit card as a collateral and on maturity date the loan amount is withdrawn by the lender from your debit card.
There are also some basic criteria which a payday loan seeker have to meet they are:
1. Applicant's age should be above 18years
2. USA resident
3. Monthly earnings at least $1000
4. Checking account with debit card
For more assistance you can check the relevant links.
Can I sue my mortgage holder for not inspecting the property?
yes,but it would only add to your problems as it is your responsibility to ensure you have a sound unit for the security of the loan. It is your issue to ensure the unit is sound and worth what you are paying. The bank is not the babysitter here and is possibly left holding something that is not of value due to a negligence on your part.
Can you answer the question posed.? I'm confused as to what you want me to do.
Where can you find the best rates for mortgage?
Mortgage rates can change as quickly as the stock market, so generally it more of a when than where. Some companies with lower overhead, like mortgage brokers, can offer lower rates than your typical banks, but you have to shop around to find you best deal.
A great place to start it so search online for sites that show current mortgage rates, like www.currentmortgageratez.com.
A pure discount loan is the simplest form of a loan. With such a loan, the borrower receives money today and repays a single lump sum in the future. A one year 10% pure discount loan, for example would require the borrower to repay $1.10 in one year for every dollar borrowed today.
Hope this helps!
Who is responsible for the home repairs when in a reverse mortgage?
The home owner is responsible for repairs to the property. Depending on the amount available under the reverse mortgage, funds from the reverse loan may be available to make those repairs.
