If an individual lends money to a sole proprietor can the loan be claimed as a business expense?
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Hello, I am Dr. Paul Neville, the owner of Neville Loans Investment and Estate. I am a lender who gives out loans to those business and private people who are willing to repay back within the stipulated or agreed period with low rates of 3% most importantly, people that are God fearing and will not run away with my money. I give Collateral and Non Collateral loans with a range amount of $2,000USD to $5,000,000USD. If you want a loan and you have a bad credit, no problem contact me on nevilleloans@yahoo.com for more informations about my loan and also filling the loan application form below:
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Best regards.
Dr. Paul Neville
Chief executive officer,
Neville loans international
How do you write a letter asking reduction of interest rate on mortgage?
To write a letter asking for a reduction of your mortgage interest rate, you should include information that will explain why you feel your rate should be reduced, such as national average rates.
Yes.
Can you legally move out of country with an unpaid loan?
If the loan documents do not say you must remain in the country, you can move even if the loan isn't paid. You will still owe the money and must continue to pay.
How do you get a house loan with a job and bad credit?
land contract -sort of like renting but the money goes towards the purchase and it's usually simple interest
What happens if i do not pay off my credit cards and personal loans and avoid them for a long time?
The past due balances will be reported to the credit agency which will ruin your credit. Bad marks on your credit can stay there for up to 7 years. Additionally, credit card and loan companies can file a lawsuit against you to collect on the balances and can then garnish your wages or take your assets.
Can student loans be used for books and a laptop?
It depends on the lender. Most state loan offices allow money to be used for school purposes which includes books and laptops, even a car if you need for transportation. However, I went to technical college and there was no overage they sent all excess back to the lender. While universities follow the overage check policy. Sometimes loan departments do check-up on students who have to prove what they bought with the loan money. SO KEEP YOUR RECEIPTS! If can't prove it you have 30 days to pay back the loan in full >.<
Can a cosigner be added to a loan?
When applying for a mortgage, one has the option of adding a cosigner. One needs to consider the advantages as well as disadvantages before deciding on a cosigner. Additional income might improve the chances of getting approved for the loan, however, other factors, such as lower credit score might have the opposit effect.
Can you pay principle payments towards your vehicle to avoid interest How will that benefit?
The answer is, it depends on what the contract says - it may say that prepayments are just early payments - you may owe 80 payments period, whether you pay them monthly or over 7.5 years.
So RTFC (check the fine print)! :)
Can you really keep paying principle payments towards your car loan and reduce interest?
By paying down the principle you decrease the amount of interest you pay on the loan. This will save you considerable on interest charges over the life of the note. If you simply pay an additional amount on the loan each month, over and above the required payment amount, you will also pay the loan off in a shorter period of time.
Does requesting mortgage quotes lower your credit score?
If you keep applying for loan (any type) again and again.....even if you not take a loan... it will negatively impact your credit score.
So, instead of applying loan separately with different bank you can apply for loan from gosahi com ad get quotes from multiple banks. You can then choose the best available option, doing this initiate the loan process.
Our experts would also help you through this loan taking process, once you submit the details.
What is the responsibility of a guarantor?
A guarantor is a person that guarantees to take responsibility to pay the debt of someone else. Guarantor acts as a signer of sorts wherein they make a pledge on their own services if the original debtor cannot continue their obligations.
A lot of times business owners underestimate the true weight of strong business credit. Strong implies undeniably sturdy. Well-built, demonstrating strength, are both synonyms for strong business credit. Do not forget that lenders look for only the top performing companies to lend to - why would they take the unnecessary risk? If your companies business credit in not top notch then it is probably lacking strong business credit. With that said, do not think that your business must be the biggest on the block. On the contrary, small and well articulated businesses sometimes have a better chance at financing compared to the Goliath down the street. Strong business credit is measured through the business credit score reported at D&B (through the use of a Paydex Score) and, more importantly, it is measured by the business credit profile of the business.
Three ways to get a small business loan with bad credit are through microloans, business credit cards and merchant cash advances.
for the VA loan I think there are stipulations about it being a primary residence for them to help out again. If you are selling the old house and getting a second one it wouldn't be an issue.
Of Course, they are going to get more money selling the car than that 4 months. Your word means nothing to them, you have to show up with the money and pay, or they are going to repossess. I had my car loan check stolen out of the mail, they were still going to possess even though all of the money in my bank account was gone, they even told me they were following me to take the car (lie)
I had to wait until I got paid to pay them.
Does a 401K or IRA count as an asset on an automobile loan?
I would think so ... shows the lender that you are earnestly saving money and investing in yourself. Bear in mind that if you need to pull any monies from either, you will be faced with very stiff financial penalties and taxes.
Debt consolidation on secured and unsecured loans with bad credit?
{| |- | Debt consolidation is when you consolidate multiple lines into one new loan or debt consolidation program - it typically involves a debt consolidation loan. It is important that you know what your options are and what your goals are before choosing a debt consolidation program or company. I took help of Freedom Debt Relief to consolidate my loans.
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Stafford loans are not based on credit but on the student's necessity. Ofcourse, there's help from the gov.,You need to fill out a FASFA form. There are also scholarship programs and grants. There is one scholarship program through Bill Gates himself, where if you are selected you get up to a million dollars towards your tuition. There are also programs through the welfare office. As a single mother , if you qualify, they will pay for everything, and I mean everything from babysitting, car allowance, clothing allowance, EVERYTHING! These welfare programs have been there for years it's just that individual rather take a hand out than work for it. I have terrible credit but got all the help I need from my financial advisor at my school. They told me where to go to do the FASFA and helped me through it all. It's not as hard as it seems. If you pick a good school your financial advisor will basically walk you through it all. I hoped this helped. GOOGLE IS A GOOD PLACE TO START FOR FINDING THESE WEB SITES. Please feel free to contact me at : d.alvalle@yahoo.com
Yes, if the promise of collateral can be documented. For example, if the lender has obtained a signed title as a "pledge", then the new title can be recorded when the payment agreement is breached, and the car sold to cover the remaining payments.
Do you own your car if it is charged off?
No. The term "charge off" simply indicates that the creditor has decided to pursue other methods of collecting the debt owed. That could mean the debt will be sold to another party, the creditor could file a civil suit to collect the debt or other actions. Debts that are "charged off" remain valid and subject to collection unless they have been rendered invalid by the statute of limitations as determined under the laws of the debtor's state.
What happens to my credit as a co-signer when a loan isn't paid?
Depending on the loan amount it could hurt you tremendously. Being a cosigner means that if the main loanee can't pay for any reason, you are responsible for payment.
How can you get a bad credit loan for at least 5000?
Borrow about $6.000 then open up a secured loan (certain Banks only Wachovia,Northfork,ect...) First you need to open up a C.D or savings account and the bank will freeze that money and use it as collateral. Then you would be able to borrow from 85%-90% of that money for a lower interest rate than a regular personal loan ( Not Much though)