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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

How much can you trust your gut feelings when you suspect an abuser is lying?

I wouldn't expect an abuser to tell the truth. Abusers seem to live in an elaborate world of self-deception. There are reasons for gut feelings. Something said or an action taken has triggered something that you haven't fully figured out. You need to follow through with your feelings, good or bad, to find the answer.

What is Sub-prime?

The Term sub prime is usually used in the context of loans.

A prime customer is one who has a very good history and can repay the loan comfortably during the agreed tenure.

A subprime customer is one who does not have a good credit history and also does not have enough income to substantiate the loan payments monthly.

The loans granted to a subprime customer is termed as a subprime loan...

What is the average lawsuit funding rate?

Average Lawsuit Funding Rate is 2.5% - 3.5%Lawsuit funding rates vary case by case. The average lawsuit funding rate is 2.5% & 3.5% but depends a great deal on many variables.

Some of the variables that determine this are as follows:

  • Is the case settled or not?
  • What are the strengths &/or merits of the case?
  • Anticipated time-frame of case?
  • What is the type of case?

Bear in mind that lawsuit funding companies are non-recourse lending based, which means if that case is lost, the advance is not required to be repaid. No risk, so these cases are evaluated with regards to other variables.

What is the cost per thousand formula?

CPM for Print is easy. Ad Cost x 1000 / Circulation SO.....for a $3000 print ad....with a 90,000 copy print run $3000 x 1000 = 3,000,000 3,000,000 / 90,000 copies of the paper = $33.33 CPM FYI - CPM = Cost Per Mille (French for Thousand)

How long do you have to wait to file chapter 7 after obtaining a personal loan?

There is nothing stopping you from filing right away. Any loans or deals for at least 2 years before filing will bescruitinzed closely and possibly reversed or excluded from protection.

If an auto owner is sued after an accident is a cosigner on the auto loan liable too?

It would seem unlikely everywhere except the United States. In the US, the law allows for others related to an event only tangentially to be pulled into a suit.

Outside of the USA, a driving accident is the responsibility of the drivers involved. If there was a malfunction in the car, it is possible to call the manufacturer or the mechanic but in practice this rarely happens.

Inside the USA, as noted above, practice is different. If it can be shown that the person co-signing the loan application was aware that the car being purchased was faulty, or the person intending to drive the car was likely to have an accident, then they could easily be included in a suit.

However, the likelihood of this happening, even in the American system, is low.

In Washington State when you are unmarried and a co-applicant on an auto loan do you also have legal ownership?

In the State of Washington as in all other US states ownership of real property including vehicles is determined by how the property is titled. Only those persons whose names are shown on the title to the vehicle are entitled to claim ownership to the property in question. The interested party might wish to research the State of Washington Revised Codes for information that is more specific to their personal situation. http://apps.leg.wa.gov/rcw

You are owed money for rent and personal loans how do you put a lien on personal property?

Liens can only be placed on real property such as a home, business, vehicle. To recover monies owed the creditor must sue the debtor in the appropriate state court in the county in which the debtor resides. (Personal property are things such as income, bonds, stocks, bank accounts, furnishings, etc.) These items are not subject to liens, but are garnished/levied, seized and sold by means of a court ordered judgment.)

What is the impact in the US if you are arrested for non payment of cash payday loans?

The non payment of any debt is not a criminal offense unless the goods, services, cash was obtained through fraudulent means. If a debt collector or creditor tells you you will be arrested for not paying a debt he or she should be reported to the state's attorney general for violating the FDCPA. All consumers have legal rights under the FDCPA and they should apply those rights to the maximum.

Ex parte motion to retuen original promissorry note and mortgage to plaintiff?

That seems strange. I have never heard of it before which does not mean it has never happened previously concerning an original promissory note and mortgage. Normally an ex parte motion is used when a parent is about to flee with the kids or someone is in danger. What does the plaintiff think you are about to do with the promissory note and mortgage that requires immediate action? I would have no idea.

Ok. If I were served with something like this, I would get on the phone and call my lawyer and ask him what I should do. Yes. He charges by the hour. Yes. He is worth it. Yes. I bought title insurance.

Need help to find brunswick financial group duluth Georgia was scammed out of 1700.00 for secured loan neal Harper and Lloyd duncan?

The last number I have for them is 1888-416-7271, and a fax # of 1-404-592-6875. The phone number, however, just hangs up when I call there and their web site no longer exists. I also got scammed, so I would be interested in getting some info. I will report them to the attorney generals office so they can do an investigation together with the FBI. Good luck.

Does a loan against a house and land override the will?

The loan doesn't 'override the will'. It is a matter of rights in property and debts. The debts of a testator must be paid before any property is distributed to the heirs. In the case of a mortgaged property, the testator doesn't own the property free and clear so she can't give it to her heirs. She conveyed it to a bank in return for a large sum of money while she was living. The bank owns a security interest in the property until the money has been repaid.

The heirs have the option of paying the loan on the property (if they want to keep it), conveying their interest to the bank or or allowing the bank to take possession by foreclosure.

Is co-signing on a lease the same as co-signing for a car loan?

It is essentially the same but of course with a lease, your responsible for an amount agreed to be paid rather than paying back a loan.

If unmarried couple has a home with both of their names on the mortgage but only 1 person paid the down payment and 1 person were to leave what would they get from the house only having helped pay?

Unless there was a different scheme set forth in the deed such as a 60/40 split in interest, each co-owner is legally entitled to one-half the net value of the property. If one wants to buy the other out and the couple can negotiate a fair price, the one who paid the down payment should get credit for it. The couple needs to settle this fairly between them. If they can't then they should go through a mediator.

Why was a woman not allowed to take out a loan in the 1800's?

Probably because a woman did not have the means necessary to pay back the loan. Women were not allowed to work unless they were poor or widows. But, if it was absolutely necessary, a woman could take out a loan with permission of her father or husband.

If you are a landholder on a home and the person files bankruptcy will they be able to include the debt they owe you into the bankruptcy?

They can include it, but the creditor/landholder can file a relief of stay to have the debt excluded from being discharged in the bankruptcy. The decision of what debts are to be discharged are determined by state and/or federal law and the bankruptcy judge.

Can student loans be forgiven if you are working with the homeless and DOC clients as an outreach and substance abuse counselor?

Generally, no. You're not a teacher, a childcare worker, or a military service-member.

Actually, some student loans are forgiven if you work in certain jobs with certain populations. My Perkins loans were forgiven because I was employed as a program manager in a family homeless shelter. This was a federal forgiveness program. My husband worked as a public school teacher with disabled children and had an opportunity to have some of his student loans forgiven under a program run by the State of Florida. Loan forgiveness can be worth thousands of dollars so it is worth it to check with your lender to find out if there are any programs that suit your situation.

Shawn bought a home for 100000 he put 20 percent down and obtained a mortgage fo 30 years at 5 5 percent what is the total interest cost of the loan?

Since Shawn bought the house for 100,000 and paid 20,000 (he put 20% down), the loan amount would be 80,000 (100,000 - 20,000). In order to find the total interest cost of the loan, first we need to find the balance that would be after 30 years with a 5.5% interest, and subtract from that balance the loan amount of 80,000:

A = Pert

A = 80,000e(0.055)(30)

A = 416,558.39

I = A - 80,000 = 416,558.39 - 80,000 = 336,558.39

Thus, the house would cost 336,558.39 more than the price of the house, if Shawn would buy it in cash.

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