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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

When is a co signature required for a car loan?

Whenever the lending institution wants one. Basically, if the primary applicant has no credit history, or a poor credit history, lenders may require that someone with a longer/better credit history cosign.

How long before you can get a co signer off auto loan?

You remain as a co-guarantor until the loan has been repaid or refinanced in the name of the primary borrower.

What happens when you lie on your car loan paper work?

Most lenders will verify the majority of the information on the credit application and pull a credit report on you. As far as finding out, after the loan is done, that you lied on the credit application, there really is nothing that will be done unless you fail to make the payments.

Can second mortgage lien holder foreclose on your home after bankruptcy is closed?

The short answer is yes they can because once the bankruptcy is discharged you no longer are protected for debtors who wish to collect on a debt.

What can be done about a bank that has contacted a person about a loan that is not listen on the loan?

The person contacted should inform the bank that they are not involved in this loan and that if the bank's information shows them as being involved then this would be identity theft. If the bank is trying to track down a person who signed for the loan but has defaulted or otherwise walked away from the debt, the person contacted should respond with the truth - either this person doesn't live here and I don't have contact information or with the contact information that the person has on the defaulter.

If a bank is calling repeatedly after being told that the person being contacted has no information, this would be harassment and should be reported to either the police or the BBB.

Can you take out a life insurance policy on a stepparent?

Only if you get written permission from them in a well stated contract.

Can one apply for home loan without co applicant?

Yes - if you have enough income in order to meet the monthly loan repayment amount.

Ex: If your monthly income is Rs. 50,000/- and you are asking for a loan of Rs. 20 lacs which would work out to an EMI of around Rs. 20,000/- you will be able to get the loan all by yourself without a co-applicant.

A co-applicant is included in cases where the loan applicant does not have enough income to meet the monthly EMI payments himself and the addition of the co-applicants income boosts his loan eligibility and also the chances of him getting the loan.

Should you pay tithe on a bank loan?

I do not think so. The idea of tithe could be considered in relation to fruits and harvests. If we distinguish between a fruit and a seed, then a loan is not yet a fruit. It is a seed that is yet to be planted and to bear fruits. It's out of the the fruits that tithes would be paid.

Loan is not income. Loan is not even taxed by the governor. I do not see how God would even want to accept tithes out of a loan. A loan is not an earning as yet until it bears fruits.

What are the accounting entries for non accrual loans?

Debit- Interest income

Credit- accrued interest, but uncollected

If ALLL accounts for accrued interest, for prior periods you can debit the ALLL, credit accrued interest, but uncollected.

Can you get a home equity loan if your job pays you in cash and have no pay stubs?

no you cant. you need proof of income. you can have your boss make you pay stubs and they might accept those

Does it make a difference if you pay extra payments on a mortgage monthly or yearly?

Yes, because the earlier you make extra payments the less interest you pay. So if you pay $200/month extra each month this year, that is better than paying $2400 at the end of the year.

Is payday loan legit?

In most cases, yes it is legit. There are some states (Georgia) where it is now, and every state has its own qualifications for how the payday lender operates. If you are unsure in your area, I would recommend checking with your states' laws.

What is benevolent loan?

This is a loan extended on a goodwill basis, and the debtor is only required to repay the amount borrowed. However, the debtor may, at his or her discretion, pay an extra amount beyond the principal amount of the loan (without promising it) as a token of appreciation to the creditor. In the case that the debtor does not pay an extra amount to the creditor, this transaction is a true interest-free loan.

Need a military loan but cant get one from Pioneer or Omni Anyone know of any other lenders?

World Finance, Military Financial. (Interest is high but they're very fast with the money. Armed Forces Loan (they will start you up for 500 then after you pay it off it will be 1000) depends on your credit, US military Lending but there's so much paperwork that needs to be faxed. If you're patient you can try it.

Where can you find a legit bad credit loan?

Well, today there are a lot of lenders who provide personal loans even for people with bad credit score. Besides, such loans can be available even on the Internet as there are a lot payday loan companies which perform no credit check loans and, therefore, low or bad credit score is not a hindrance for online lenders.

Can you sue someone if they stiffed you on a car loan even if they don't have no job?

You can if you are willing to pay the legal costs. There is an expression for this situation: "You can't get blood out of a turnip!". It means that if there is no money to recover, you can sue all you want to, you still will be unpaid. You may get a judgement, but will have to wait a long time to get the money owed you. If the loan was secured by a lien on the car, you can and will likely receive the car as a settlement.

Is USDA doing loan modifications to help stop foreclosures?

Yes. The USDA have some modifications and actions done to prevent and stop foreclosures.

Are there any legitimate lenders that deal with bad credit?

Yes. However, they know that bad credit means they're taking a risk, and they will set their interest rates accordingly. Expect to pay the absolute maximum interest rate allowed by law, and further expect an extremely low credit limit so that if you do default they're not out all that much.

If by "legitimate" you meant low interest, no annual fees, and unsecured credit limits in the thousands of dollars... then no, there probably aren't.

Who is The best lender in the us?

Determining the "best" lender in the U.S. depends on individual needs, such as loan type, interest rates, customer service, and specific financial situations. Some of the top lenders frequently mentioned include Quicken Loans (now Rocket Mortgage) for its user-friendly online platform, and Wells Fargo and Bank of America for their comprehensive services. It's essential for borrowers to compare offers and read reviews to find the lender that best fits their requirements.

How many years do you have to pay back your student loan?

It varies from person to person. It really depends on how much you borrowed in loans and how much you can afford to pay back at a time. Student loans do not have to be paid until 6 months after you have finished school and the payments are usually cheap i.e. $25-$50 a month. Of course it would be easier to pay more at a time to get rid of the payments quicker. You can also contact the company you borrowed from if you need to defer your loans and they will provide the different deferment options available. Hoped this helped!

What is the Federal National Mortgage Association?

The FNMA became a government-sponsored private corporation through Title VIII of the Housing and Urban Development Act of 1968. It is responsible for secondary mortgage operations for home mortgages