What is a receipt showing that an investor has made an interest-bearing loan to a bank is a?
certificate of deposit
Ways to recover loans in microfinance?
what are the various ways to recover loans in the micro-finance sector business
How the annual percentage rate measures the true cost of a loan?
how the annual percentage rate measures the true cost of a loan
Can a payday loan company file criminal charges for a bad check in the state of Texas?
No. Most the time Pay day loan companies will sue you in court. They do have a right to file criminal charges if you intentionally closed your checking account to avoid the check or change account numbers. This is illegal.
If you assume the loan do you have to have a credit ck?
Since the lender must approve you to assume any loan, a credit check will probably be necessary.
Telephone number for gemb lending recreational vehicle loans?
(800) 404-2647 what is the telephone number for the gemb recreation vehicles department
Where can you get Personal loans?
There are many personal loan providers in the market such as: HDFC, SBI, Bajaj Finserv, ICICI Bank, Standard Chartered etc.. It is essential to choose the Best Bank or financial institution by Comparing Documents, Interest Rates, process, Eligibility online. Online market places like Credit Nation play very important role here. They help you comparing all the personal loan offers available on the basis of maximum eligibility, EMI and processing fees. They provide you a transparent home loan system and convenient home loan process.
One of the drawbacks of borrowing from parents or family members is that such loans are?
family troubles
What is larger one third or one half?
One half. Think about it this way. If you cut a pizza into two pieces, and take 1, you'll get more pizza than you would if you cut it into 3 pieces and took one.
How will the repo rate affect home loans?
Repo rate is the rate at which the banks can get loans from the country's central bank. If the rate at which banks get loans from the central bank goes down it would automatically affect the rate at which home loans are being granted. Say the repo rate is 6% then the banks may keep a margin of 4% and grant home loans at 10%. If the central bank opts to reduce the repo rate by 2% then the banks would have to pass on this benefit to the end customer. Hence the home loans would be available to the public at 8%.
What is an auto loan charge off?
When a customer is unable to pay of the auto loan the lender will repo the car, sell it, and charge off the remaining amount due to the customer. The exact amount charged off may vary depending on the lender.
In the case of a repossession, unless it is a Bankruptcy, the remaining balance is DUE BY THE CUSTOMER.
It is important to note, in the case of a bankruptcy, any money that is discharged through the bankruptcy can, at anytime, actually be paid back to the creditor and that negative report will be taken off of your credit report. If someone finally gets into the position that they can actually pay a debt off, it is better to do so.
What does loan accepted on principle mean?
The phrase 'loan accepted in principle', is commonly used by companies which use very basic underwriting criteria for the first stage of the application process. Some companies will say you are accepted if your over 21, employed, and have a direct debit facility. This in no way means that you are accepted, they may even charge you an up front fee to continue with the process.
Not until you have a firm offer of a contract stating your loan amount, monthly repayment etc must you consider you have had your loan accepted.
If you wish to get any further info please leave a reply here or on www.findingaloan.co.uk
Thanks
Paul
Can a financed car be used as collateral for a loan?
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan.
I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
no, the bank would not be required to advance funds in Canada. The death of the borrower would relieve the bank of its contractual obligation to carry out the loan
Can you go to jail if you don't pay for your car loan?
maybe, but first there gonna just repo the car
a rational is to tell why you choose the topic that you choose
Nope.
What is the difference between loan and bond?
Surprisingly hard question. I'll go out on a limb here:
A bond is a loan represented by a Security (UCC 8-102 (15))
What is the definition of a VA home loan?
A VA home loan is a type of mortgage loan made by an approved lender and guaranteed by the Department of Veterans Affairs. These loans are typically made available to eligible veterans and people currently serving in the military. VA loans differ slightly from a standard mortgage, because they are provided through a private lender but the federal government guarantees a portion of the principal. Therefore, if the borrower defaults on the loan, the lender is protected because the Department of Veteran Affairs backs the loan.
If a mortgage is paid off is home owners insurance required?
Generally no. Homeowners insurance may be required by any creditor for whom your home has been put up as collateral on a debt. If there are no liens on your home there is no one requiring you insure it. That said, it is highly risky, financially, to fail to allow a home to be uninsured for even a day, unless the owner is so wealthy that the complete loss of that asset is inconsequential. A home policy can be bought relatively inexpensively if the homeowner will accept a large part of the risk by agreeing to a large deductible.
Who pays the loan on my mother's house after her death?
The estate pays the cost to maintain the estate. The house may have to be sold if the mortgage cannot be paid. If someone wants the house, they may wish to pay the mortgage.
When is it a good time to refinance a mortgage?
When you can't afford to pay it off.
Specifically, borrowers have to consider the costs to apply for a new loan (the points, including appraisal and closing costs), the monthly savings from lower payments, and the length of time they intend to stay in that home.
Measure of a persons ability to pay back a loan?
credit. If you are looking for the answer to the weekly reader crossword puzzel, try: http://www.oneacross.com/ it really helped my daughter.