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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 kind of reserves does a bank use to make loans?

Traditionally, the banks use the deposits of their customers to make loans. Now a days they can also borrow money from the fed at an inter bank rate and lend it out at a profit. Up until the 70's the US was on the gold standard which required the government to keep gold on reserve to cover the value of the money the US Treasury printed. In the 70's the US went off the gold standard.

Where could one find more information on commercial loan rates?

People can find information on commercial loan rates through their local bank, through newspaper advertisements and through recommendations from business associates.

What is one advantage of getting a loan from Barclays instead of any other bank?

Barclays is a financial institution based in the United Kingdom. One advantage they have over other banks is that they have a price guarantee. If you find a lower rate on a loan they will not only match that price, but give you a bit of extra money for your troubles.

What are some benefits can be derived from the use of an equity loan calculator?

An equity loan calculator helps determine the actual value of your home compared to the amount of income you receive to determine how much you should take out on it to make affordable payments back to the lender.

Where can a low rate interest loan program be found?

Low rate interest loan program can be found in your local loan programs buildings. It's also possible to contact some of these companies online to know more about it.

Who will give you a credit repair loan?

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How do you find out who holds the mortgage on a house?

Unless you are one of the people or agencies allowed to know that you can't.

If you are a person or agency that is allowed to know that you know how to find out.

If you have a legal claim against the property or owner you r lawyer will be able to access that information.

What are two companies that will offer a personal loan to someone with bad credit?

Two companies that will offer a personal loan to someone with bad credit are United Lending Services and Cash Loan City. It is easier for someone with bad credit to get a personal loan from Credit Unions than from banks.

Who are the borrowers?

Borrowers are individuals or entities that obtain funds from lenders with the agreement to repay the borrowed amount, often with interest, over a specified period. They can be consumers taking out personal loans or mortgages, businesses seeking capital for operations or expansion, and even governments issuing bonds. Borrowers are typically assessed based on their creditworthiness, which influences the terms of the loan and interest rates they receive.

If the cosigner and the primary borrower are on the car loan but the payment book is in the primary's name who owns the car?

The owner of the car is the person listed on the Certificate of Title.

The owner of the car is the person listed on the Certificate of Title.

The owner of the car is the person listed on the Certificate of Title.

The owner of the car is the person listed on the Certificate of Title.

Is it legal to take your car back from title loan company after repo?

You're talking about trying to repossess it from the repossessor? Short answer, no. You're committing theft - possibly grand theft, depending on the vehicle's value. But the repo agent coming to repossess your car isn't commiting theft. Double standard? No.

The thing of it is, it is NOT your car - the lienholder is the sole rightful and legitimate owner of the vehicle. The repo man isn't taking your car away - he's reclaiming the lienholder's property after you failed to meet the terms of the finance arrangement.

Why is a loan a liability for a bank?

The person or business may not pay the loan back and the bank has to take the loss

How can you have a loan turn up in your bank account when you have not signed paper work?

Possibly you have over-drawn your account, by writing a check for more money than you have, but if you have overdraft protection, the bank then issues an automatic loan to cover the check. Another possibility, which I think is less likely, is that the bank simply made an error, or that you are the victim of identity theft.

Can you repay a loan with a partial surrender on a life insurance policy?

Some types of life insurance develop cash value; these are called whole life policies. Term insurance has no cash value. So it depends upon the kind of life insurance you have, and it may also depend upon how long you have been paying premiums.

When are some things to consider when looking for a loan for bad credit?

If a person has bad credit but is looking for a loan, there are many things to consider. First, an individual may consider paying off the debt they have before asking for a loan. Paying off bad debt increases the chances of receiving future loans. Additionally, an individual will want to gain information on banks which give loans to those with bad credit, such as checking interest rates and loan restrictions.

How can someone with a poor credit score get a good deal on an auto loan?

There are many loan companies that offer auto loans for people with poor credit although the interest rates will normally be very high. A good place to start is a price comparison site where you can enter your details and get many quotes for you to look through.

How can you get a grant or small business loan to start a fence building company?

For a business loan, you need to create a business plan that you will hand to the bank or your loan provider. If you want a grant, you would either have to research, if there are any grants available, or hire a grant proposal writer to do that for you and write the proposal for you.

How does one get a loan against a property?

The first step to getting a loan against property would be to find the Banking Institution that you would like to use for the loan. A person would need to have a job with a salary in order to apply for the loan. Then they would have to have all of the documentation necessary to submit to the bank for the loan including proof of income, financial statements, income tax returns and proof of identity.

How is a credit rating scored for a person with loans?

Credit ratings are scored according to a person's previous repayment history. So if someone has previously made all their repayments on time, their credit score will be higher than that of someone who has consistently defaulted on payments.