Q&A: Is there anything i need to know about a bank loan?
Question by FlyingMattress: Is there anything i need to know about a bank loan?
Okay so im trying to get a bank loan cause im buying a car from a private owner, and i dont feel like i can trust the person im paying the car on! i need help in case there’s something im missing!? please help! thanks!
Best answer:
Answer by Dan B
It’s good that you are using a bank to finance the car. Why? Because the seller is (like most people) not well versed in financing. They don’t understand interest or how to track and document your payments.
Applying for a bank loan to buy a car is the same, whether from a private party or a dealership. But you have to be sure the car you are buying is worth what you are paying. The bank doesn’t care if the car is a piece of junk. If you are borrowing the loan value of the car, you’ll be stuck with the debt regardless of the condition of the car.
Before applying for the loan, check the paperwork on the car. Is the title clear of lien holders. The title must be the ORIGINAL, not a photocopy (which can be altered). Also, check the registration. The seller must be the same person on the front of both documents or the seller must have a power of attorney authorizing him to make the sale on behalf of the true owner. Also, the VIN# must be the same on the car, title and registration. Don’t accept a “typo error” as an excuse for the mismatch. There are no typos on these documents.
Know better? Leave your own answer in the comments!
Things To Consider Before Applying For A Loan
It was not until recently that people started to have convenience of borrowing cash even from home. This only means that we are more financially inclined today as compared to the last couple of decades. An online consumer research and feedback survey states displayed how people are against financial hindrances and almost always tend to apply for online loans instantly.
Technology is yet another principal factor that paved way for easy access to money. Nevertheless, before you apply for a loan, it is a must that you take a vital stance so as to make a decision whether you must borrow, since it is no secret that at some point, the loan must be repaid. While some people know the limits and know what they’re signing up for, others get caught in debts without solid plans. It’s not so bad to borrow short term installment loans for temporary shortages, but availing of the perfect deal that will matches your every need makes it all the more profitable and much more feasible on your part.
Is there really a desperate need to borrow? If your answer is a hard yes, then decide whether you need it in cash, when you need it, and when you will be paying back. There are a lot of loans for several purposes, choosing the one that will suit your needs best is vital.
Is it really worth the pain repaying a much higher price? If yes, then help yourself. However, always try to keep it at a minimum.
For the most part, we want cold cash and forget about other options such as, post-dated checks, bank overdraft or credit cards. If they seem to give you zero help, then try getting a loan. This helps dodge unnecessary interest rates.
Categories: Loan Articles Tags: borrow, cash, loan, loans, online lenders, online loans
Online Lenders
In today’s declining economy, the standard cost of living is now skyrocketing high. Everything is high-priced already. However, we still do our best to try living the lives we want to live. Sometime though, the moolah we create from doing our 9 to 5 just isn’t enough. We all know where this talk is headed.
Things get quite harder when your credit score is not that pretty. Loans are the go-to solution of many people. Have you actually heard of lenders that don’t run credit checks? They promise to give you financial help at low costs and flexible terms. Apply for a loan and get help for your urgent financial needs.
As a matter of fact, they even let you borrow installment loans online. The major upside to this kind of loan is that they won’t pressure you so much, you can repay the loan in small amounts at certain intervals. The payments are in installments that the amount you will be paying becomes particularly smaller. More to these, you can ever borrow up to $1500.
Nevertheless, the amount that they will be able to lend you will rely upon your needs and your capacity to repay. First, they have to see to it that you have a stable and consistent source of income. More to these, they help you borrow these loans as collateral free loans as these are short-term. That said, you need not take any burden of arranging any security for the borrowed loan.
If they sound too god to be true, you can always do some extensive research before getting yourself into it. It always pays to know things. You don’t want to sign up for anything clueless, do you?
Find More Installment Loan Articles
Categories: Loan Articles Tags: always, borrow, Installment Loans, loan, loans, online installement loans, online lenders, poor credit
What can I do about a loan in my name that was opened not entirely willingly by me?
Question by James Light: What can I do about a loan in my name that was opened not entirely willingly by me?
My girlfriend, at the time, had me open an installment loan to pay for her child’s special education. After we split up, I agreed to pay a portion of the loan because I like the kid and the program was really helping, but now she refuses to pay any of it. I’ve been told by others who have “lawyer friends” that there are ways out of this pickle. No search results are specific to my situation but most concur that if it isn’t fraud, I’m stuck. Ideas?
Best answer:
Answer by Carys Thomas
My boyfriend lent me money to pay off my debts and when we split he demanded the cash back with interest or he’d take me to court. I spoke to a friend who said that the only way he could claim back that money was if there was a signed written agreemetn to pay it back, which there wasn’t. Leaving my ex with no leg to stand on. The court would see it as a gift because it was to help pay my debts to enable us to get a mortgage. I repaid him in cash rather than bank credit transfer therefore there was no trace of payments.
So if you don’t have anything to prove that your ex was going to pay a portion of the loan then I would assume that you would not be able to prove that she was liable for it. Really sucks that you’re in this position. If you have any texts or emails from her stating that she refuses to pay it or where she’s actually admitting to being partly liable for it then I suggest you show these to a court or print them off as evidence that she’s admitted to taking out the loan to benefit her with a promise to repay.
Might not help much but maybe try and get her to reply to you in a way that she admits being responsible for payment and evidence that she refuses to pay it back?
Give your answer to this question below!
Some Things To Know About Personal Loans
Borrowers are able to apply for a loan over the phone or online from a certain loan officer or an agent. It’s no secret that lenders base the interest rates on how much was borrowed, the length of payment period, and the financial status of the borrower. There are actually two types of personal loans based on terms, the long-term and short-term. They differ from each other because of the repayment period.
People that have good credit records usually are more likely to be approved for long-term personal loans. The interest rates of this type of loans are higher than the other one, thought. Collateral or any certain types of security are usually required so the creditor has the right to repossess the property of the borrower in the event he/she does not pay.
But it’s not the case with all long-term personal loans. There are two subtypes, secured and unsecured. With the secured type, any asset should be given as collateral to the lender before getting approved for the loan. The borrower can repay for a long period of time, say 5 to 25 years, and because of this, the monthly payment can be cut down. After repaying the total loan amount, the borrower can then get the asset back from the lender.
Unsecured long-term personal loans do not require any assets whatsoever. It helps individuals to enhance their credit by paying on time and in full amounts. Since this is considered as a high-risk loan, expect that interest rates will also be high.
There are two types of interest rate in long-term personal loans, fixed rate and variable rate. With fixed rates, it simply means that the interest rates never change all throughout the life of the loan and so is the payment, while with variable interest rates, the payments change constantly depending on the current interest rates. The variable type is the riskier one then since it depends on the market situations.
There are two types of interest rates in long-term personal loan, and those are fixed and variable rates. Fixed rates are interest rates that never changed throughout the life of the loan. The variable interest rate has a fluctuating payment that goes with the current interest rates. Variable interest rates have more risk than the fixed rate as variable rates changes according to the market situations.
Find More Personal Loan Articles
Categories: Loan Articles Tags: fixed rates, interest, loan, long, Long Term Personal Loans, personal loans, term, variable rates
Can you get a small loan with no credit?
Question by someonewhocares: Can you get a small loan with no credit?
My boyfriend wants to buy a small trailer house for $ 15,900 and needs a small loan. The only problem is he’s only nineteen and hardly has any credit at all. Is there any way to take out a small bank loan of about $ 15,000 with no credit? If not, any advice??? He has to move out very soon!
Best answer:
Answer by psunuc
Since he is financing it almost 100% this could be tough. Most likely he will need someone with good credit to co-sign the loan for him.
This means that they will pay the loan payments if he does not or can not for some reason.
Add your own answer in the comments!
Where can I get an unsecured loan with bad credit?
Question by Corey W: Where can I get an unsecured loan with bad credit?
I need to figure out a way to get some kind of installment loan for around 3k-5k. I make good money, but I don’t have good credit at all. Are there any kind of helpful companies for something like this?
Best answer:
Answer by Voice Maxed
No institution would afford you an unsecured loan with bad credit. If you can’t get a credit card, then forget the cash loan.
You said that you make “Good Money” if you make $ 3K to $ 5K then you make be able to to get a payday loan but this doesn’t qualify as an installment loan as you were asking for.
Another option is to pawn something of value, this however does not qualify as unsecured.
So there, i guess the answer to your question is nowhere.
Add your own answer in the comments!
Q&A: Does anyone know of a payday advance/ online place where I can get a small fast loan?
Question by miss_tink_21: Does anyone know of a payday advance/ online place where I can get a small fast loan?
I need a small loan.
And I need to be able to pay it off in small increments.
Does anyone know anywhere where this might be possible?
Best answer:
Answer by CatDad
Payday loans are never paid off in small increments.
Typical payday loan: You write them a check for $ 350 and postdate it 2 weeks in advance. They give you $ 300 and cash the check in 2 weeks.
With online payday loans, you give them your bank routing and checking #’s and in 2 weeks they debit your checking account, whether the money is there or not.
Know better? Leave your own answer in the comments!
What can I do about a scam payday loan company who continues to harass me to no end?
Question by Ron: What can I do about a scam payday loan company who continues to harass me to no end?
The company is called Usa Cash Advance the people there state to customers that they gave “loans” to people and they harass them to pay back the money, or they will put them in jail or prison etc. This has happened to many people including a close family friend of mine. They don’t seem to give up.
Best answer:
Answer by Kittysue
If your friend has an outstanding loan, they will keep calling him until he pays it back. Its easy – you want the calls to stop, then pay off your debt
If he hasnt’ taken out a loan then he can call the police and report an extortion attempt
BUT before he does that he should run a credit report. A friend was getting calls about a loan that she assumed was a scam until her dad told her to run a credit report. Turns out she was the victim of identity theft and someone had not only taken out a loan in her name, they had also opened and maxed out two department store credit cards in another state
Give your answer to this question below!
Home Mortgage Loan Processing – Mortgage Lending
Home Mortgage Loan Processing – Mortgage Lending
Mortgage lending is one of the most secure, respected, and exciting career opportunities available. Each day will bring you challenges that you will overcome, the excitement of helping to create a loan program that meets the needs of both the borrower and the lender, and the satisfaction of helping each borrower achieve their dreams of home ownership. Home Mortgage Loan Processing is an excellent career opportunity that provides stability, advancement, and a sense of satisfaction to each loan processor who obtains the knowledge and skills necessary to excel within the profession.
The training contained in the course provides specific information concerning the loan process and the part you and others play in that process. The information we offer in this program provides you with the foundation that you need to become a well rounded mortgage professional. The top of your field, you will specialize in the overall picture. You will develop the perfect mix of knowledge and skills, add to it the creativity required when overcoming the specific issues that occur during the loan process, and gain the ability to reach the top of your profession.
The skills you are attaining will make you a commodity that is in high-demand in the market. Loan officers need efficient loan processors to function well and to achieve success. Underwriters rely on well-trained loan processors to ensure competently prepared loan files. Lending institutions depend on carefully trained and customer service oriented loan processors to enhance their reputation as a lender who cares about the overall experience of each borrower
The room for advancement within the field of home mortgage lending is tremendous. Mortgage lending is a growing industry. This continued growth creates a constant need for properly trained professionals. You will be an integral part of this industry from the first day on the job. As an important part of the industry, you will prove your desire, drive, and abilities daily and thus ensure that advancement opportunities come your way.
Loan processing is more than just processing paper. You will be involved in nearly every aspect of the loan. Lending is an exciting industry that fulfills the dreams of your borrowers. A primary portion of your new position will be to assist every individual in overcoming any issue that arises during the loan process that may delay or even stop the loan closing. You will play an essential role in ensuring that each borrower whose file comes across your desk fulfills their dream and becomes a homeowner.
The satisfaction you receive from a job well done will keep you excited to return to work each day. Your loan officer and loan office will have small goals as well as large goals. You will be one of the most important components in reaching those goals.
Price:
Categories: Loan Products Tags: borrower, home, industry, Lending, loan, mortgage, Price, Processing