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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 impact does 1099-C have on your credit report i want to buy a car in a few months will this effect in qualfying for a loan?

Your credit report shows your credit useage patterns, it has nothing to do with the quality/source of your income.

1099 is used to report income stuff to the IRS. The credit bureaus won't know about it.

What is cost per month for 30000 at 2.9 interest for 5 years?

Try using a browser to search for "interest calculator" there are MANY available. I used the Mortgate Calculator (which of course isn't just for mortgages, you set the rate & term yourself) at moneychimp, here's a link: http://www.moneychimp.com/calculator/mortgage_calculator.htm

Your monthly payment on a five year loan of $30,000, at 2.9% = $537.73

See? Easy.

How do banks make money from mortgage refinances?

They make money on the fees for refinancing and also by taking business away from other banks when consumers change banks. Refinancing specials allow banks to acquire new customers.

What is inter-corporate deposit?

An Inter-Corporate Deposit (ICD) is an unsecured loan extended by one corporate to another. Existing mainly as a refuge for low rated corporates, this market allows funds surplus corporates to lend to other corporates. Also the better-rated corporates can borrow from the banking system and lend in this market. As the cost of funds for a corporate in much higher than a bank, the rates in this market are higher than those in the other markets. ICDs are unsecured, and hence the risk inherent in high. The ICD market is not well organised with very little information available publicly about transaction details.

Can you get a signature loan with bad credit?

Hi!

You can even get a bad credit loan with no cosigner.

Just request free quotes from lenders and compare

Yes you can get signature loans even if you have bad credit.

Could you negotiate on a current car loan even with bad credit?

Yes and No, depends on your current situation. If you got approved for a bad credit car loan, and your credit score increased recently, then yes you can try to negotiate a cheaper rate. But even then it is up to your loan provider to accept or not. But if it is the other way around then you wouldn't have any negotiation power. If you are located in Canada you can try this resource at http://www.autocreditfinancial.ca good luck

Credit report shows foreclosed owe 18000 mortgage never contacted you?

Contact the lender immediately to review. If the report is WRONG because you did not assume and default on the mortgage, contact the credit reporting bureau immediately to flag the defaulted account as fraud.

In what circumstances a cheques may be dishonoured?

A bank may return cheque unpaid on the following

conditions: insufficient fund in the account, if the bank

gets information about the death of a customer, when

the check is stale, irregular signature, refer to drawer,

amount in words differs from amount in figure.

What recourse does a second mortgage holder have when the first mortgage goes into foreclosure?

Hate to tell you, but in my state (WA), if a senior deed of trust or mortgage is foreclosed, then the inferior/junior mortgages and/or deeds of trust are foreclosed as well. That means that you have no recourse subsequent to a foreclosure. I suggest seeing an attorney immediately (see the phone book for one who gives "free consultations").

How do I get a 10 million dollar loan to buy a luxury resort?

Use equity in existing invesments, prove, on paper, that you can service the loan - dont use over the top occupancy rates etc

What is the current interest rate on business line of credit?

The current rate on a business loan varies. Your business credit, how much money your business makes and whether you have an established relationship with the bank impacts the rate you get.

If you make extra mortgage payments is the extra principle applied to the end of the loan thereby eliminating end-of-the-loan payments?

The principle payment(s) are applied as you make them. Reducing the number of monthly payments. Instead of paying for 180 months you might only pay for 72 months. Your original payment amount stays the same, you just don't pay as long.

When will HR Block provide the Emerald Card in 2010?

December 6th is the earliest that one can get an advance using the Emerald Card Advance program.

What is the average expected credit score to receive a mortgage loan?

There is not an average expected credit score to receive a mortgage loan. You may have a low credit score, and an high income and still be able to qualify. Loans are not just based on credit score.

What are the reasons why financial institutions go into loan syndication?

A syndicated loan is the opposite of a bilateral loan, which only involves one borrower and one lender (often a bank or financial institution.) A syndicated loan is a much larger and more complicated version of a participation loan. There are typically more than two banks involved in a syndication.

What is a short term loan?

A short term loan is a small loan intended to help people cover unexpected financial expenses between paychecks.

Short term loans are available online through a variety of different lending services. They are fast, convenient and secure.

Short term loans are considered unsecured loans, meaning that lenders do not require the borrower to put up collateral when applying for a loan. Instead, short term lenders charge high interest rates and fees to borrowers to offset the risk lenders take when lending money to borrowers.

Short term loans are high interest unsecured loans that traditionally are associated with payday loans. The primary difference being that short term loans do not usually allow rollovers and are a fixed loan.

Short term loan is a loan scheduled to be repaid in less than one year. Short term loan will helpful for those people who need money very urgently.

There are a number of short term loans for a variety of functions. They includes payday loans, tax refund anticipation loans and financial aid short-term loans.

With online payday lenders, you can get a short term payday loan as an online check advance for up to 16 days.

Short term loans are loans that are lent over a short period of time, often until the borrower receives their next paycheck.

Lenders charge fees and higher interest rates for short term loans.

Can you pay the fees for an insurance wrap out of proceeds from a loan?

Not the entirety of the premium. However, some reputable highly rated insurers will consider issuing the wrap upon a 10% deposit with the remaining 90% due from the proceeds. Contact us at hasiholanco@gmail.com and we'll assist.

Your car is a total loss and pay off is about half of the amount of your loan you carried some from a prior car will your GAP insurance cover the majority or all of the remaining balance of the loan?

You will need to read your GAP insurance information. Like car insurance each plan is different. Some GAP insurance plans state they will pay 100% of the "resale" value. Others state 125% (meaning the current resale value of your car plus 25% above that). Others state 100% of "trade-in" value. Bottom line - read the insurance plan document you got from the company, or visit the car dealership you bought the car from and pick up a pamphlet. Good luck to you!

Can't make the payments and can't sell what do I do?

Talk to the lienholder to see what they want you to do. You might be able to renegotiate the payments. As a worst case scenario, you could do a voluntary repossession, which at least saves you from having to pay the repo fees.

You got a car as a gift. 3 years into a 4 year loan the borrower defaults on the car loan. What impacts would this have on you?

You will lose the car. Even though it was a gift, that gift came with "strings attached" in that there was an existing loan against the title of ownership. Even though you are the gift recipient, you never owned the car outright free and clear ... in other words, you never got clear title without a lien holder's name also on the vehicle title ... ergo, you don't own the car ... the loan company owns it, and they must retrieve their property and have every right to do so.

Unless you can show clear title to the vehicle showing you as the legal owner, you might be walking soon instead of driving. You could sue the gift giver in small claims court ... but chances are if they couldn't make the car payments, they certainly could not afford a judgment against them to pay anyone else.

Is it better to surrender a life insurance policy or take out a loan and then cancel it to get the cash out?

Both options will effectively end the coverage and may incur possible tax issues. The amount you receive in a surrender that is more than the amount you had paid to that point in premium is considered taxable.

It would be best to contact the insurance company and discuss what you wish to do and why.

Also, depending on your age, health and the face amount of the policy it may be in your best interest to sell it rather than cash it in. The value in selling it if you are eligible is generally greater than the cash value alone. Of course this would incur greater tax penalties. In any event when thinking of eliminating any life po0licy, think carefully!

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