I have never taken a loan out and I'm kind of nervous seeing as I don't really know how to. What exactly do they do to check your credit? Will I need a co-signer? Do I just go into a bank and ask for a loan? What's a good credit score?
How exactly do you apply for a car loan?
1) Yes, they will check your credit.
2) You will need a co-signer if you have bad credit or no job.
3) A good credit score is 700ish plus. You will need to be in the 700s to get the best rates.
4) Applying is easy, and someone will help you with the forms if you need it.
Now, there are three places I would look. Two before you shop, and one after.
1) Ask your local credit union/bank what their used and new car rates are.
2) Surf the net. LendingTree and Capital One Auto Finance may be able to get you a better rate than the local credit union.
Use those two sources to find your "best deal", or the loan with the lowest interest rate. Once you know that, get approved and go to the car dealer.
Source #3 for financing is the car dealer. Negotiate ONLY PRICE witht the dealer, telling them that you have your own financing lined up. After you have agreed on price, ask their financing department for their best rate.
If the dealer's rate is higher than yours, haggle to get it lower. Tell them what they have to beat.
If the dealer's rate is lower than yours, haggle to get it lower, but even if you fail, take it.
--%26gt;Adam
Reply:The best place to start is w/ your credit union or bank. Ask one of the bank reps. to explain the process to you.
A lender will check your credit scores w/ three credit reporting agencies %26amp; take an average of them. Based on the average - you may or may not need a co-signer.
For more information about credit scores: http://www.dailypress.com/business/dp-no...
For more information about car loans: http://finance.yahoo.com/how-to-guide/lo...
http://www.dontgettakeneverytime.com/
Reply:Auto finance is what I do for a living and I agree with Adam except never tell the dealer that you have your own financing until you have agreed on the best price.
The reason is as long as the dealer thinks you are going to finance with them they will give you a lower price if they think you are ready to go somewhere else thinking that they will be able to make it up once you get into the finance office.
Only after you are in the finance office do you tell the Finance Manager that you have your own money and if he wants your business he has to beat the rate you already have.
Reply:Find the car.
They usually have finical banks that they deal with.
They will need your pay stubs, driver license, and insurance.
You may need a down payment.
If your credit is good, then you won't need a co-signer. But they will let you know when they pull your credit report.
When they check your credit report: All they are looking for is if you pay your bills on time. And how many bills you owe on..
If you don't have any credit. Meaning, You don't have anything in your name. You may need a co-signer.
Reply:You CAN get a decent car loan, even with bad credit. I've done it, but you'll have to look around. That's one of the BIG mistakes people make...just taking the first offer that's given to them when they go to the dealer. Be smarter than that.
WARNING: DON'T GO TO BUY A CAR WITHOUT HAVING THE LOAN FIRST. The auto dealers will eat you alive and give you a crappy rate. Shop around with lenders who specialize in bad credit car loans. It's a better option, you don't have to take what they're offering if you don't want it, and it's better than dealing with the car dealer's people.
There are usually some nationally based car loan companies who specialize in bad credit car loans who advertise on the page linked below...
http://www.axalda.info/bad-credit-car-lo...
Wednesday, March 17, 2010
What is the best amount of time to pay off a year loan?
I currently have a $3000 year loan that I've been paying on for six months. What is the best amount of time i should use to pay it off so that it reflects well on my credit?
What is the best amount of time to pay off a year loan?
If you just stick to the payment plan, you will do just fine.To the best of my knowledge, paying off a loan earlt does not have more of an impact on a credit score than it does if you make all the payment - on time.
Reply:A.S.A.P
Reply:go the full term - pay off too soon and it won't show you can handle a long term loan
Reply:Choosing your choice at :- http://e-loan-online.blogspot.com/
What is the best amount of time to pay off a year loan?
If you just stick to the payment plan, you will do just fine.To the best of my knowledge, paying off a loan earlt does not have more of an impact on a credit score than it does if you make all the payment - on time.
Reply:A.S.A.P
Reply:go the full term - pay off too soon and it won't show you can handle a long term loan
Reply:Choosing your choice at :- http://e-loan-online.blogspot.com/
Is there a temporary relief loan program for California homeowners who have a tough time paying the mortgage?
I heard about the new loan programs that allow home owners to refinance their mortgage to a lower interest, but those who qualify need a decent credit, certain income, and their homes need more equity than what they borrow. But what about those who are really suffering and have none of those above?
Is there a temporary relief loan program for California homeowners who have a tough time paying the mortgage?
Unfortunately then you will join the ranks of those that have or are losing their homes. No credit, no income and no equity means pay for what you signed for. Sorry but not my fault you overextended yourself, buying way more than you could afford. Do not think my tax dollars should bail you out because of your foolish dreams, and not living in reality.
lilac
Is there a temporary relief loan program for California homeowners who have a tough time paying the mortgage?
Unfortunately then you will join the ranks of those that have or are losing their homes. No credit, no income and no equity means pay for what you signed for. Sorry but not my fault you overextended yourself, buying way more than you could afford. Do not think my tax dollars should bail you out because of your foolish dreams, and not living in reality.
lilac
How can I get a loan to pay off bad debt?
My credit score is 532 and I am about $6,000 in debt (maybe less). I want to start a business, but I know my bad credit is going to hinder me from doing that. It's not really possibly to save money because I am living paycheck to paycheck. How can I get a small loan to pay these debts off?
How can I get a loan to pay off bad debt?
Unfortunately with those stats and no savings and no collateral the odds of you getting a loan are very low. And if you get a loan, the interest rate and terms (20% minimum ... payday loan places can nail you for 100s of percent interest) will be SO BAD that you would probably go in default and have an even lower score.
I hate to discourage someone ... but ... if you can't save up money now ... and work full time and go to school full time ... how do you even hope to make the payments on a loan? Especially if the interest rate is incredibly high. Any new business usually loses money in the first year or two ... if you can't save up money .... this is a bad idea right now.
My recommendation ... get out of school and get your credit straightened out, and save up at least 75% of the money you need to get started ... and then pursue your business opportunity.
Good Luck!
Reply:You can take out a debt consolidation loan wherein you can get at a lower interest rate. The added advantage would be, it will also improve your credit score as subsequent payments are made to pay off the new loan. Thus you can pay off your debts and increase your credit score also....Hope this answers your question.
Here is the source of a debt consolidation company named http://ezconsolidation.com for your reference.
Reply:Yes, you can get Bad Credit Loan.
A bad credit history is like having contracted an infectious disease. At least this is what most lenders perceive. Any requests for personal loans by people with a bad credit history are generally declined.
But there is a way now, you can apply for Bad Credit Loan.
Here are some best lendrers in this Category.
http://bestsecuredloanrate.blogspot.com/
Reply:There's a good article at eHow on steps to take to begin tackling your debt. Take a look at it:
http://www.ehow.com/how_2326032_avoid-es...
How to Stop Escalating Debt
It includes information on companies (both non-profit and for-profit) that can help you with debt consolidation and reduction.
You can also look here for tips on earning some extra cash online:
http://www.ehow.com/how_2254361_money-in...
How to make money on the internet, scam-free
Lastly, here's an interesting alternative to conventional lending...getting a "social networking" loan from Virgin Money (from the same folks who run Virgin Airlines):
http://www.ehow.com/how_2310995_student-...
Social Loans from Virgin Money
Hope these help.
Reply:Who do you owe the $6k to.
I'd call them first and make out a payment schedule, after thats done, start your business.
As Bruce Williams would say, you have to get a 2nd or 3rd job and pay off that debt
Reply:Hey I have a recomendation this peaple are experts in debt solutions try them out.
Reply:try prosper.com: http://unusualjobs.blogspot.com/
How can I get a loan to pay off bad debt?
Unfortunately with those stats and no savings and no collateral the odds of you getting a loan are very low. And if you get a loan, the interest rate and terms (20% minimum ... payday loan places can nail you for 100s of percent interest) will be SO BAD that you would probably go in default and have an even lower score.
I hate to discourage someone ... but ... if you can't save up money now ... and work full time and go to school full time ... how do you even hope to make the payments on a loan? Especially if the interest rate is incredibly high. Any new business usually loses money in the first year or two ... if you can't save up money .... this is a bad idea right now.
My recommendation ... get out of school and get your credit straightened out, and save up at least 75% of the money you need to get started ... and then pursue your business opportunity.
Good Luck!
Reply:You can take out a debt consolidation loan wherein you can get at a lower interest rate. The added advantage would be, it will also improve your credit score as subsequent payments are made to pay off the new loan. Thus you can pay off your debts and increase your credit score also....Hope this answers your question.
Here is the source of a debt consolidation company named http://ezconsolidation.com for your reference.
Reply:Yes, you can get Bad Credit Loan.
A bad credit history is like having contracted an infectious disease. At least this is what most lenders perceive. Any requests for personal loans by people with a bad credit history are generally declined.
But there is a way now, you can apply for Bad Credit Loan.
Here are some best lendrers in this Category.
http://bestsecuredloanrate.blogspot.com/
Reply:There's a good article at eHow on steps to take to begin tackling your debt. Take a look at it:
http://www.ehow.com/how_2326032_avoid-es...
How to Stop Escalating Debt
It includes information on companies (both non-profit and for-profit) that can help you with debt consolidation and reduction.
You can also look here for tips on earning some extra cash online:
http://www.ehow.com/how_2254361_money-in...
How to make money on the internet, scam-free
Lastly, here's an interesting alternative to conventional lending...getting a "social networking" loan from Virgin Money (from the same folks who run Virgin Airlines):
http://www.ehow.com/how_2310995_student-...
Social Loans from Virgin Money
Hope these help.
Reply:Who do you owe the $6k to.
I'd call them first and make out a payment schedule, after thats done, start your business.
As Bruce Williams would say, you have to get a 2nd or 3rd job and pay off that debt
Reply:Hey I have a recomendation this peaple are experts in debt solutions try them out.
Reply:try prosper.com: http://unusualjobs.blogspot.com/
How to calculate the house loan interest?
I planning to purchases a house but don't know how to calculate housing loan interest ??? Please Give my the formula with details and also stated other cost incurred in purchasing a house eg...taxes paid
How to calculate the house loan interest?
you might consider checking out dave ramsey's website - i'm sure you'll find a great tool on his site that may help! good luck!
Reply:There are a multitude of sites on the web that explain mortgage and interest. It is impossible to answer your question. Taken into account is cost of home, amount of down payment, your credit score, interest rate charged, what state fees are incurred, lawyer needed, and so on.
How to calculate the house loan interest?
you might consider checking out dave ramsey's website - i'm sure you'll find a great tool on his site that may help! good luck!
Reply:There are a multitude of sites on the web that explain mortgage and interest. It is impossible to answer your question. Taken into account is cost of home, amount of down payment, your credit score, interest rate charged, what state fees are incurred, lawyer needed, and so on.
How to build a house on a loan?
Current home--- HELOC for cash for land loan
Now current home maxed out
50% down on land loan---- Will I get it?
Hold on for dear life.....
Sell house.....
Get construction loan---
Build house---
Get new home loan.
Does this sound like the way it is done?
Any suggestions on a professional tax/realestate/loan attorney?
How to build a house on a loan?
1. Heloc is adjustable go for 2nd with fixed terms ..
2.banks will only with strong assest/ fico scores allow you to go over 95%
3.65% typical LTV (loan to value)
4. if you dont max out your LTV or equity left vs how much you owe you can be flexable . at this point your just renting the home for all practical purposes , a modest rental will be cheaper while you build.
5. loans typically have build and takeout loans provesions in them. one loan with draws for the builder and a takeout or final and fixed loan conversion when the building is completed. two loans negotiated at once.
i would talk to a broker like myself to discuss the cost and availability based on your particular scenario.
why not sell home first. a rental will save you money for a year you can use to offset fees associated with the process . A hassle for sure but may save you more then you know
Now current home maxed out
50% down on land loan---- Will I get it?
Hold on for dear life.....
Sell house.....
Get construction loan---
Build house---
Get new home loan.
Does this sound like the way it is done?
Any suggestions on a professional tax/realestate/loan attorney?
How to build a house on a loan?
1. Heloc is adjustable go for 2nd with fixed terms ..
2.banks will only with strong assest/ fico scores allow you to go over 95%
3.65% typical LTV (loan to value)
4. if you dont max out your LTV or equity left vs how much you owe you can be flexable . at this point your just renting the home for all practical purposes , a modest rental will be cheaper while you build.
5. loans typically have build and takeout loans provesions in them. one loan with draws for the builder and a takeout or final and fixed loan conversion when the building is completed. two loans negotiated at once.
i would talk to a broker like myself to discuss the cost and availability based on your particular scenario.
why not sell home first. a rental will save you money for a year you can use to offset fees associated with the process . A hassle for sure but may save you more then you know
How to Apply for Student loan for MS degree?
Should a 23 yr old student, who is planning on persuing a Master's degree apply for a studet loan in his own name, alone, or add his parent's information, also?
Should the student skip step 3, and go to step 4, on the FAFSA application?
Wouldn't the student qualify for more financial aid applying on his own?
How to Apply for Student loan for MS degree?
Hello. How are you? Many students have had good results using the information provided at How-to-get-a-student-loan.com. They have information concerning every aspect of student loans. I hope this helps you. Good Luck!
Reply:Attention:
We the management of Mr Felix Ruben real estate agent and general contractor international.We offer Loans to individuals,Firms and other co-operate bodies who are in need of financial help or
assistant at a reduced interest rate 3%.we also trade on dollas and pounds sterlling. Loan terms determinant,and Capital is based between the range of $5,000 or 5.000pounds to $50.000 or pounds and
above,Loan for developing business a competitive edge/business expansion.
We offer the following loans category:
*long term loan 15years to 25years
*mid term loan 8years to 15years
*short term loan 1year to 8years
* Auto Loans
* Payday Loan
* Student Loan
* Mortgage Loan
* Personal Loan
* Business Loan
* Bad credit Loan
* Home equity Loan
* Debt Consolidation Loan
CONTACT US ON OUR E-MAIL felixrubenloan@yahoo.com
floral shops
Should the student skip step 3, and go to step 4, on the FAFSA application?
Wouldn't the student qualify for more financial aid applying on his own?
How to Apply for Student loan for MS degree?
Hello. How are you? Many students have had good results using the information provided at How-to-get-a-student-loan.com. They have information concerning every aspect of student loans. I hope this helps you. Good Luck!
Reply:Attention:
We the management of Mr Felix Ruben real estate agent and general contractor international.We offer Loans to individuals,Firms and other co-operate bodies who are in need of financial help or
assistant at a reduced interest rate 3%.we also trade on dollas and pounds sterlling. Loan terms determinant,and Capital is based between the range of $5,000 or 5.000pounds to $50.000 or pounds and
above,Loan for developing business a competitive edge/business expansion.
We offer the following loans category:
*long term loan 15years to 25years
*mid term loan 8years to 15years
*short term loan 1year to 8years
* Auto Loans
* Payday Loan
* Student Loan
* Mortgage Loan
* Personal Loan
* Business Loan
* Bad credit Loan
* Home equity Loan
* Debt Consolidation Loan
CONTACT US ON OUR E-MAIL felixrubenloan@yahoo.com
floral shops
What is the lowest credit score I can have to get a student debt consolidation loan?
i have a lot of student loan debt and want to consolidate. however, i'm sure that because it is a private loan they're going to run my credit. do you know what is the lowest score i can have to consolidate?
What is the lowest credit score I can have to get a student debt consolidation loan?
Around 600
Reply:You can visit http://www.cashguru.info and find very useful tips and several articles on debt consolidation. Report Abuse
What is the lowest credit score I can have to get a student debt consolidation loan?
Around 600
Reply:You can visit http://www.cashguru.info and find very useful tips and several articles on debt consolidation. Report Abuse
How can I get out of the payday loan hole?
I have fallen into this payday loan hole, and I can seem to get myself out. What would be the best solution to pay them off fast, if I don't have the cash. Should I try and get a personal loan?
How can I get out of the payday loan hole?
The first thing you must do is to get a grip on your spending. Payday loans should only be used for a dire emergency. If you get a payday loan before you've paid back a previous one you're falling into a debt trap.
A site I've recommended in the past would be...
http://www.safelinked.info/go.php?link=l...
Hope that helps.
Reply:Increase your earnings and lower your expenses.
It's the ONLY way
Good Luck
Reply:A personal loan might be the answer. Sometimes people use mortgage loans as well to bring them selves current w/ debt. However you must realize that its much easier to fall in to the trap then it is to get out. So be sure whatever avenue you take, dont fall in to the same habits.
How can I get out of the payday loan hole?
The first thing you must do is to get a grip on your spending. Payday loans should only be used for a dire emergency. If you get a payday loan before you've paid back a previous one you're falling into a debt trap.
A site I've recommended in the past would be...
http://www.safelinked.info/go.php?link=l...
Hope that helps.
Reply:Increase your earnings and lower your expenses.
It's the ONLY way
Good Luck
Reply:A personal loan might be the answer. Sometimes people use mortgage loans as well to bring them selves current w/ debt. However you must realize that its much easier to fall in to the trap then it is to get out. So be sure whatever avenue you take, dont fall in to the same habits.
How to record capital of a business when it came from a loan?
Instead of recognizing it as debit Cash and credit capital, how to recognize the loan?
How to record capital of a business when it came from a loan?
The recording is simple: You debit the liability account and credit the capital account. This may or may not be legitimate. For example, let's say a shareholder has loaned his corporation money, which is recorded as a liability. Later the shareholder and the company agree that instead of repaying the loan, the company will issue additional stock to the shareholder. This would be a legitimate transaction in which capital is increased in exchange for a liability. This arrangement could take place between other lenders who are willing to accept stock in exchange for their loan.
Reply:As I understand it - You debit cash and credit Liabilities - Loan account. Capital is what YOU put into your business.
How to record capital of a business when it came from a loan?
The recording is simple: You debit the liability account and credit the capital account. This may or may not be legitimate. For example, let's say a shareholder has loaned his corporation money, which is recorded as a liability. Later the shareholder and the company agree that instead of repaying the loan, the company will issue additional stock to the shareholder. This would be a legitimate transaction in which capital is increased in exchange for a liability. This arrangement could take place between other lenders who are willing to accept stock in exchange for their loan.
Reply:As I understand it - You debit cash and credit Liabilities - Loan account. Capital is what YOU put into your business.
Can I claim my student loan interest on my taxes?
I got a notice stating how much interest I paid on my student loan last year. Can I claim this on my taxes? If so what form do I need to fill out in order to claim them?
Can I claim my student loan interest on my taxes?
Well, as this deduction was extended after the tax forms went to print, I suggest you use software or an online service to get it in the right line and make the appropriate notation. Its going to be chaos this year for those who normally do paper returns. The main software companies will be able to deal with this quite easily.
Go to the link below and click on "Start Now" to be guided to the most appropriate company to use. Depending on your circumstances, you may qualify for free filing.
Reply:Yes, you definitely want to claim the interest paid on your student loans. The interest gets deducted from your taxable income. There's a line in the 1040 form that mentions student loan interest, so you'll want to read the 1040 instructions when you are filling out your taxes.
Can I claim my student loan interest on my taxes?
Well, as this deduction was extended after the tax forms went to print, I suggest you use software or an online service to get it in the right line and make the appropriate notation. Its going to be chaos this year for those who normally do paper returns. The main software companies will be able to deal with this quite easily.
Go to the link below and click on "Start Now" to be guided to the most appropriate company to use. Depending on your circumstances, you may qualify for free filing.
Reply:Yes, you definitely want to claim the interest paid on your student loans. The interest gets deducted from your taxable income. There's a line in the 1040 form that mentions student loan interest, so you'll want to read the 1040 instructions when you are filling out your taxes.
Who is the best lender for a student loan?
I have to take out a student loan for my sophomore year of college. Who offers the best options for paying the loan off? I'm probably going to end up needing about 15,000 dollars.
Who is the best lender for a student loan?
The answer is: the one that offers you the best terms.
Assuming you are talking about a Federal Stafford loan, much of the terms will be the same no matter who your lender is.
However, in an effort to be competitive, some lenders are offering incentives like reduction of interest points in repayment for auto debit, 36 consecutive ontime payments, etc. Talk with your school's aid office and ask for more information.
Lenders publish all the details in brochures and online.
Do your homework and you'll not be sorry!
Reply:I don't know about best, but everyone I know who has Sallie Mae is not happy with them...
Reply:For a Federal Loan I used Direct Loans. If you are going for a private loan try Sallie Mae.
Reply:I went through Sallie Mae and Regions Bank
Who is the best lender for a student loan?
The answer is: the one that offers you the best terms.
Assuming you are talking about a Federal Stafford loan, much of the terms will be the same no matter who your lender is.
However, in an effort to be competitive, some lenders are offering incentives like reduction of interest points in repayment for auto debit, 36 consecutive ontime payments, etc. Talk with your school's aid office and ask for more information.
Lenders publish all the details in brochures and online.
Do your homework and you'll not be sorry!
Reply:I don't know about best, but everyone I know who has Sallie Mae is not happy with them...
Reply:For a Federal Loan I used Direct Loans. If you are going for a private loan try Sallie Mae.
Reply:I went through Sallie Mae and Regions Bank
What is the best and easiest way to apply for a home improvement loan?
My husband, his dad, and I, all live in a house that was built in the 20's. Problem is, my husband doesn't want to move to a different house because God only knows why. So, instead of moving, we have talked about fixing this old house up. It's made out of logs and sheet rock. We have no carpeting, and all the beams and whatnot underneath the house need to be fixed. Is there any way I could get a loan to fix all the broken junk in this place? Serious answers only, please.
What is the best and easiest way to apply for a home improvement loan?
The least costly loan will be to obtain a equity line of credit on the house.
Assuming you have a reasonable equity in the house, a bank will extend a line of credit in an amount that relates to the value of your equity (how much you own vs how much you owe on a mortgage). With this line of credit (LOC)you simple write checks for any work you desire. The amount of monthly payments you make to the bank will depend upon how much of the LOC you have used. Normally a LOC does not require you spend on only improvements - you could buy a car using your LOC for a lower interest rate than you could get on a straight car loan.
Except for a margin loan in a stock brokerage account - a equity LOC is the cheapest money you can get.
LOC's should be available from any local bank. Get a LOC NOT an improvement loan. The LOC rate is cheaper, you do not have spending restrictions with the LOC and you do not have to make any payments until you write a check against your LOC.
Shop around, you should be able to get a LOC without any closing cost with an interest rate that is very close to the Prime rate.
Reply:Best to just get it insured to the hilt and hope for a natural disaster. Dont get no easier than that.
Reply:If you need more home improvement tips check out http://best-home-improvement-projects.co...
tanning
What is the best and easiest way to apply for a home improvement loan?
The least costly loan will be to obtain a equity line of credit on the house.
Assuming you have a reasonable equity in the house, a bank will extend a line of credit in an amount that relates to the value of your equity (how much you own vs how much you owe on a mortgage). With this line of credit (LOC)you simple write checks for any work you desire. The amount of monthly payments you make to the bank will depend upon how much of the LOC you have used. Normally a LOC does not require you spend on only improvements - you could buy a car using your LOC for a lower interest rate than you could get on a straight car loan.
Except for a margin loan in a stock brokerage account - a equity LOC is the cheapest money you can get.
LOC's should be available from any local bank. Get a LOC NOT an improvement loan. The LOC rate is cheaper, you do not have spending restrictions with the LOC and you do not have to make any payments until you write a check against your LOC.
Shop around, you should be able to get a LOC without any closing cost with an interest rate that is very close to the Prime rate.
Reply:Best to just get it insured to the hilt and hope for a natural disaster. Dont get no easier than that.
Reply:If you need more home improvement tips check out http://best-home-improvement-projects.co...
tanning
What kind of credit score must you generally have to get a car loan at a bank?
I want to buy a car but i'm in the process of re-building my credit. It was really bad but i've paid my credit cards off and its getting better. I was just wondering what an average score was to get a good car loan. Thanks!
What kind of credit score must you generally have to get a car loan at a bank?
If you're doing 0 down, thru the average bank I'd say more like 680+...with over 700 being ideal.
Reply:Car Loan Guide: http://carloan.autoonlineguide... Report Abuse
Reply:here is a source where you could borrow with little worry:
http://goaddr.com/8r6
Reply:This depends upon the bank and your situtation. Banks usually consider a score of 640 or higher a good score for car loans, however, this depends upon the bank.
This site has many reports that will most likely answer most of your questions -- www.paynotaxesforlife.com
Reply:i'm not too sure, but i think that if your bank can see that you are making positive efforts to rebuild your credit score, then you should be alright, don't forget shop around for the best interest rate/deal
What kind of credit score must you generally have to get a car loan at a bank?
If you're doing 0 down, thru the average bank I'd say more like 680+...with over 700 being ideal.
Reply:Car Loan Guide: http://carloan.autoonlineguide... Report Abuse
Reply:here is a source where you could borrow with little worry:
http://goaddr.com/8r6
Reply:This depends upon the bank and your situtation. Banks usually consider a score of 640 or higher a good score for car loans, however, this depends upon the bank.
This site has many reports that will most likely answer most of your questions -- www.paynotaxesforlife.com
Reply:i'm not too sure, but i think that if your bank can see that you are making positive efforts to rebuild your credit score, then you should be alright, don't forget shop around for the best interest rate/deal
What is the benefit of consolidating a federal student loan?
What happens after you consolidate a federal student loan?
When you include a Federal student loan into debt consolidation?
What is the benefit of consolidating a federal student loan?
You lower your monthly payments, you can combine loans from multiple lenders into one loan, and more importantly you lock in a lower interest rate for the life of your loan.
You generally consolidate once your in-school deferment status expires. You can consolidate earlier if the interest rates are increasing (around May) and then reapply for in-school deferment once the consolidation process has been completed.
Reply:it makes a lower monthly bill...if you have multiple student loans through different lenders and are having trouble keeping up this is a good option to stay out of defaultment.
When you include a Federal student loan into debt consolidation?
What is the benefit of consolidating a federal student loan?
You lower your monthly payments, you can combine loans from multiple lenders into one loan, and more importantly you lock in a lower interest rate for the life of your loan.
You generally consolidate once your in-school deferment status expires. You can consolidate earlier if the interest rates are increasing (around May) and then reapply for in-school deferment once the consolidation process has been completed.
Reply:it makes a lower monthly bill...if you have multiple student loans through different lenders and are having trouble keeping up this is a good option to stay out of defaultment.
Does anyone know where to get a large personal loan with a decent interest rate without using a bank?
Im looking for a $50,000 loan to pay off a 2nd mortgage with a high interest rate (13%). With the economy the way it is, its almost impossible to use a bank. Ive checked with several and had no luck. Iv'e heard of people writing contracts and conducting loans that way. Any suggestions would help. Thanks!
Does anyone know where to get a large personal loan with a decent interest rate without using a bank?
no
Reply:I'll give you a website where Loan Lenders put up their information. Just type in your city and you can find one near you. Then all you have to do is just call and ask.
Reply:Bad credit personal loans normally carry a higher rate of interest. This is because of the higher risk potential in such loans. One may also be overcharged on this account. The borrowers are asked to pay a hefty charge and have to face some inflexible terms of payment. Nevertheless, there are lenders who charge reasonably lower rates of interest Taking a loan is not a trivial matter. It puts an important asset to stake. It also affects the financial condition of the borrower. This makes a proper search for the loan a priority. Gone are the days when searching the loan market would have raised hackles of people. Today searching has become much simpler, thanks to the power of information technology. You may get a personal loan here,
http://www.worldbestloans.com/
The selection of the most appropriate lender is not that easy a task. Though made simpler through information technology, ones mental faculties are the best resort in the selection process. Lenders generally promise many features along with the loan. Borrowers take this bait and fall in the trap. Failing to maintain an optimum balance between an immediate comfort and a future comfort also leads to this trap. Deciding the monthly repayments and the number of installments further strain your mental faculties. An expert advice from knowledgeable people will help in this decision. Being aware of ones financial condition, the borrower can decide the various details of the loan in a much better manner. Thus, the final decision is reserved with the borrower himself.
Reply:Dear Sir\Madam,
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COMPANY, your last loan resort. We now offer loans at 5% interest rate and our loan services extend to North America, South
America, Asia, Australia, Europe and other parts of the world. NKL FINANCE COMPANY is a full service organization with its portfolio designed to provide you with business simplification at ease. With combined general business experience for more than twenty five years, we can offer you the best services.If interested, you are required to contact us via company email
contact bellow with the exact amount of loan needed to enable the company process your loan request.
Awaiting your urgent reply.
Regards.
Mr. Michelle Desmond,
NKL FINANCE COMPANY,
London United Kingdom.
Email: nkl_finance@yahoo.com
In order to approve a business loan, what would you ask to see besides a balance sheet?
If I were to decide between two companies who is more eligible to get a loan, what else would you ask to see besides their balance sheets? All the sheets show is accounts receivable, accounts payable, and things like assets, liabilities, and equity. Is there anything else more important to know in order to make a decision like this? Basically, what else could I ask for to get more information about the companies finances before making my decision?
In order to approve a business loan, what would you ask to see besides a balance sheet?
Being a small business owner, you need to pay extra attention to management of financial resources. Since growth of your business somehow depends on its financial position, you should always be cautious about cash flaw within or outside your business. It is quite true that lack of finance can become a big problem in the way of the success of your small business.
http://www.worldbestloans.com/businesslo...
Since market is crowded with various business loan schemes, every small business owner can manage to get the desired amount without any problem. Therefore if you own a new and small business organization and financial shortfall is bothering you, then these loans can prove to be the best help for you.
Reply:last 2 years of personal and business tax returns.
floral
In order to approve a business loan, what would you ask to see besides a balance sheet?
Being a small business owner, you need to pay extra attention to management of financial resources. Since growth of your business somehow depends on its financial position, you should always be cautious about cash flaw within or outside your business. It is quite true that lack of finance can become a big problem in the way of the success of your small business.
http://www.worldbestloans.com/businesslo...
Since market is crowded with various business loan schemes, every small business owner can manage to get the desired amount without any problem. Therefore if you own a new and small business organization and financial shortfall is bothering you, then these loans can prove to be the best help for you.
Reply:last 2 years of personal and business tax returns.
floral
Can I get a home equity loan with no seasoning requirements with bad credit?
We just purchased a home and want to consolidate some bills to create a better cash flow. The problem is we've only been in the house for two months. I'm being told that most companies require 6 months to 12 months seasoning to get a home equity loan. Any suggestions?
Can I get a home equity loan with no seasoning requirements with bad credit?
That is correct, most seasoning times are 12 months were you can get a home equity home but they will use the purchase price or appraised value whichever is less. The bigger problem would be the credit issue, home equity loans and other types of subordinate financing is a higher risk for lenders and therefore unless the loan to value is very, very low they may not approve it. Lenders always look at what financial position they might be in if the property is foreclosed on and poor credit has been an indicator of future payment patterns, if you had put a large down payment at the purchase then they may consider this has a compensating factor with a low loan to value. I provided you a website for FannieMae, whose guidelines for lending approval are used nationwide (but not subprime) hopefully this helps.
Reply:You could refinance your first mortgage.
Can I get a home equity loan with no seasoning requirements with bad credit?
That is correct, most seasoning times are 12 months were you can get a home equity home but they will use the purchase price or appraised value whichever is less. The bigger problem would be the credit issue, home equity loans and other types of subordinate financing is a higher risk for lenders and therefore unless the loan to value is very, very low they may not approve it. Lenders always look at what financial position they might be in if the property is foreclosed on and poor credit has been an indicator of future payment patterns, if you had put a large down payment at the purchase then they may consider this has a compensating factor with a low loan to value. I provided you a website for FannieMae, whose guidelines for lending approval are used nationwide (but not subprime) hopefully this helps.
Reply:You could refinance your first mortgage.
What type of credit and collateral is needed to obtain a Small Biz loan?
Does anyone know what type of credit score is needed to obtain a small business loan for an existing business that is about $100,000 and what other type of collateral may be needed. Please serious answers.
What type of credit and collateral is needed to obtain a Small Biz loan?
The most common type of lender is the commercial bank, credit union, savings and loan companies, or investment companies. These lenders offer business loans, however, often times these loans must be secured. This could mean offering up your personal assets as collateral%26lt;!--Although, the business is yours to do with what you want, these loans are very risky to any un-established business. And that’s assuming you qualify. Unsecured loans, usually less than $100,000, are available to business owners based upon his or her personal credit history.
http://best-loans.awardspace.com/busines...
Commercial banks may also request that a business have a co-signer or guarantor. This may mean finding a financial partner or checking into the various types of small business loans available through the federal government. Women and minorities have an even wider selection of entities--%26gt;willing to loan them business capital. Organizations such as the Women’s Business Ownership, Women Entrepreneurship in the 21st Century, and several others cater to lending money to women that wish to start-up a business, still others actually guarantee them business loans.
What type of credit and collateral is needed to obtain a Small Biz loan?
The most common type of lender is the commercial bank, credit union, savings and loan companies, or investment companies. These lenders offer business loans, however, often times these loans must be secured. This could mean offering up your personal assets as collateral%26lt;!--Although, the business is yours to do with what you want, these loans are very risky to any un-established business. And that’s assuming you qualify. Unsecured loans, usually less than $100,000, are available to business owners based upon his or her personal credit history.
http://best-loans.awardspace.com/busines...
Commercial banks may also request that a business have a co-signer or guarantor. This may mean finding a financial partner or checking into the various types of small business loans available through the federal government. Women and minorities have an even wider selection of entities--%26gt;willing to loan them business capital. Organizations such as the Women’s Business Ownership, Women Entrepreneurship in the 21st Century, and several others cater to lending money to women that wish to start-up a business, still others actually guarantee them business loans.
How do you chase an educational loan defaulter who has migrated to US?
I am from India. I am clueless asto how to track an educational loan borrower who has migrated to USA. I have the visa control number. Does writing to local consular office about the default helps in cancelling the visa?
How do you chase an educational loan defaulter who has migrated to US?
i would coutact the irs directly!!!
How do you chase an educational loan defaulter who has migrated to US?
i would coutact the irs directly!!!
How I can get credit or loan for establishing a wind farm?
I would like to establish a wind farm in Iran but I need a loan or credit.
To find a partner would be very good as well.
How I can get credit or loan for establishing a wind farm?
You need to go to a bank to get a loan.
Coach
Reply:Hi,friend
Sorry to bother you .
I have a store on yahoo.we main sell chinese Antique,Jewellery ,pearl;name brand watch,MP3,MP4,kinds of Memory ;Nike,adidas ,Polo , more name brand clothes and kinds of Musical Instruments and so on .if you have free time ,i hope you can click my store .if you interesting in purchase ,i hope you don't miss this choice ,We are sincere serve for you,if you like our store ,i hope you can tell your friend .my store link is www.llpshop168.com ,i am a new yahoo user ,i hope you can give the precious suggestion for me .
our service msn is llpshop168@hotmail.com ,llpshop168@hotmail.com
my yahoo message is llpshop@yahoo.com
ICQ:357779734
Best wishes for you and your family
llpshop168
Reply:Interesting. Well, if you can put together a solid business plan that spans start up costs and shows some solid growth through 60 months then you can shop that around. Try venture capital. Try the US Government. Places like that. A bank will not lend you money for this project. EVER. Not unless you already own real property with a vast amount of equity in it! Perhaps the SBA will have something. But over all you'll have to shop the idea to a lot of people before you get a yes followed by a check! Good luck with that!
purchase flowers
To find a partner would be very good as well.
How I can get credit or loan for establishing a wind farm?
You need to go to a bank to get a loan.
Coach
Reply:Hi,friend
Sorry to bother you .
I have a store on yahoo.we main sell chinese Antique,Jewellery ,pearl;name brand watch,MP3,MP4,kinds of Memory ;Nike,adidas ,Polo , more name brand clothes and kinds of Musical Instruments and so on .if you have free time ,i hope you can click my store .if you interesting in purchase ,i hope you don't miss this choice ,We are sincere serve for you,if you like our store ,i hope you can tell your friend .my store link is www.llpshop168.com ,i am a new yahoo user ,i hope you can give the precious suggestion for me .
our service msn is llpshop168@hotmail.com ,llpshop168@hotmail.com
my yahoo message is llpshop@yahoo.com
ICQ:357779734
Best wishes for you and your family
llpshop168
Reply:Interesting. Well, if you can put together a solid business plan that spans start up costs and shows some solid growth through 60 months then you can shop that around. Try venture capital. Try the US Government. Places like that. A bank will not lend you money for this project. EVER. Not unless you already own real property with a vast amount of equity in it! Perhaps the SBA will have something. But over all you'll have to shop the idea to a lot of people before you get a yes followed by a check! Good luck with that!
purchase flowers
How do you buy a motorcycle that has a loan on it?
We are going to buy a motorcycle from someone, however he does not have the title as he has a loan on the bike. How do we go about this transaction. We were thinking making one check out ot the financial instution (to pay of the loan) and the other to the owner that we are buying from. But how do we get the title then and how do we licence it etc?
ANyone have experience with this?
How do you buy a motorcycle that has a loan on it?
hmm this is kind of tricky and its going to involve some patience on buyer and seller's parts
ok here goes:
there are several ways to go at this so i'll give you some
1. purchase the bike for whatever the difference is between the loan payoff and the final sales price is. that is if the loan is 500 bucks and the purchase price is 1000, just write a check to him for 500 then indicate in the bill of sale that you are purchasing the bike with full knowledge of the lien
2. pay off the lien first and request the title be sent to you from the lien holder, then reapply to your state in your name
ANyone have experience with this?
How do you buy a motorcycle that has a loan on it?
hmm this is kind of tricky and its going to involve some patience on buyer and seller's parts
ok here goes:
there are several ways to go at this so i'll give you some
1. purchase the bike for whatever the difference is between the loan payoff and the final sales price is. that is if the loan is 500 bucks and the purchase price is 1000, just write a check to him for 500 then indicate in the bill of sale that you are purchasing the bike with full knowledge of the lien
2. pay off the lien first and request the title be sent to you from the lien holder, then reapply to your state in your name
How can I get a business loan with bad credit?
I'm looking to stat up my own business in the next two to three years. I've already started creating my business plan. The only thing is I have bad credit. Is there a way to get a business loan even thou your credit isn't good?
How can I get a business loan with bad credit?
No. Try a partnership.
Reply:You need a co-signer.
Reply:Nope. Work on getting your credit score up. Realize though that getting a loan to start a business is pretty hard anyway, unless you have a large amount saved to invest in it, and a very solid business plan.
Reply:the best place to find a loan if you have bad credit is http://www.loanfrombank.com
Reply:Well so far no one seems to have helped you much. There is a way for you to get where you want to be in getting a business loan with bad credit. It will take a little time and thinking outside the box. 1st you will need to build up your corporate or business credit and get you Paydex score up to an 80. 2nd you will need to find someone with a 680 fico and draft a corp resolution for them the be an authorized officer for the sole purpose of building business credit. Their score is only for the loan reference and the loan itself will not get reported to their report nor will they be at all liable for the debt. With the proper steps you can get over $100k, $200k or more of unsecured credit lines using your business entity. You need to be sure to do the steps in the right order even starting with which SIC code you want your entity associated with. If you need more help feel free to contact me. info@cashdaily4me.com
How can I get a business loan with bad credit?
No. Try a partnership.
Reply:You need a co-signer.
Reply:Nope. Work on getting your credit score up. Realize though that getting a loan to start a business is pretty hard anyway, unless you have a large amount saved to invest in it, and a very solid business plan.
Reply:the best place to find a loan if you have bad credit is http://www.loanfrombank.com
Reply:Well so far no one seems to have helped you much. There is a way for you to get where you want to be in getting a business loan with bad credit. It will take a little time and thinking outside the box. 1st you will need to build up your corporate or business credit and get you Paydex score up to an 80. 2nd you will need to find someone with a 680 fico and draft a corp resolution for them the be an authorized officer for the sole purpose of building business credit. Their score is only for the loan reference and the loan itself will not get reported to their report nor will they be at all liable for the debt. With the proper steps you can get over $100k, $200k or more of unsecured credit lines using your business entity. You need to be sure to do the steps in the right order even starting with which SIC code you want your entity associated with. If you need more help feel free to contact me. info@cashdaily4me.com
What is the chances of getting a 35k auto loan with a 650 score?
I make decent money at 110k a year and have a 650 credit score is there someone that will approve me for a 35k auto loan even if it is a high interest rate. Please don't try selling me a loan I am looking for a legit answer from a legit person. Thanks to everyone in advance.
What is the chances of getting a 35k auto loan with a 650 score?
Auto finance is what I do for a living and auto loans are based on the following factors;
1. Loan to value.
2. Age of vehicle.
3. Miles on vehicle.
4. Term of l;oan.
5. Down payment.
6. Time on job.
7. Time at residence.
8. Monthly income before taxes.
9. Credit score/profile.
10. Total debt to income ratio.
As long as you have the profile to support your score you should have no problem getting approved for a loan.
The first poster is wrong about having to take out 2 loans that's just silly.
You can try Capital One, H.S.B.C. %26amp; Wells Fargo on line and be approved before you go shopping or just go to any dealership they should have no problem getting you approved.
Good luck.
Reply:Based on your income, you will not have a problem. A 650 credit score is not bad at all. As long as you have no negative recent activity, you will not have any prob. I bought a tahoe a few years ago for 35,000 and made about 75k per year and had no prob at all w/ GMAC.
Reply:650 is the average, that will be very diff. You will most likely have to take out 2 or 3. I have a credit score of 720, I had to take out 2 loans for my car without the interest being insane.
What is the chances of getting a 35k auto loan with a 650 score?
Auto finance is what I do for a living and auto loans are based on the following factors;
1. Loan to value.
2. Age of vehicle.
3. Miles on vehicle.
4. Term of l;oan.
5. Down payment.
6. Time on job.
7. Time at residence.
8. Monthly income before taxes.
9. Credit score/profile.
10. Total debt to income ratio.
As long as you have the profile to support your score you should have no problem getting approved for a loan.
The first poster is wrong about having to take out 2 loans that's just silly.
You can try Capital One, H.S.B.C. %26amp; Wells Fargo on line and be approved before you go shopping or just go to any dealership they should have no problem getting you approved.
Good luck.
Reply:Based on your income, you will not have a problem. A 650 credit score is not bad at all. As long as you have no negative recent activity, you will not have any prob. I bought a tahoe a few years ago for 35,000 and made about 75k per year and had no prob at all w/ GMAC.
Reply:650 is the average, that will be very diff. You will most likely have to take out 2 or 3. I have a credit score of 720, I had to take out 2 loans for my car without the interest being insane.
What will happen to my home loan if WaMu closes or gets bought?
I have my home loan, home equity, checking and savings accounts at WaMu. I know my checking/savings in insured by the FDIC but I am concerned about my home. Is it safe?
What will happen to my home loan if WaMu closes or gets bought?
Your home loan would get bought up by another bank. For instance, Bank of America would buy it from WaMu. Often at a discount, but that has no roll down effects to you. They'll contact you and tell you the loan has been sold and where to send your monthly payments.
Reply:Wamu is currently trying to sell itself to another bank. This bank would then assume your mortgage and equity loan. Until then, just keep making your payments to Wamu as normal.
Your checking and saving accounts will also be OK so long as their balances are under $100. This is covered by the FDIC.
The only thing that might hiccup is when your accounts switch over to the new bank. You might lose online banking for a week or so - but your money will be safe and accessible via normal means (checks, ATM, teller.)
Reply:YES its safe..... If WaMu fails another lending institution will purchase your mortgage... Your mortgage is an asset so someone will buy it.... then a letter will come in the mail to let you know who bought it.... Your perfectly safe and your mortgage particulars wont change....
Reply:Nothing. The loan continues in existence. It will probably be transferred to another lender.
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What will happen to my home loan if WaMu closes or gets bought?
Your home loan would get bought up by another bank. For instance, Bank of America would buy it from WaMu. Often at a discount, but that has no roll down effects to you. They'll contact you and tell you the loan has been sold and where to send your monthly payments.
Reply:Wamu is currently trying to sell itself to another bank. This bank would then assume your mortgage and equity loan. Until then, just keep making your payments to Wamu as normal.
Your checking and saving accounts will also be OK so long as their balances are under $100. This is covered by the FDIC.
The only thing that might hiccup is when your accounts switch over to the new bank. You might lose online banking for a week or so - but your money will be safe and accessible via normal means (checks, ATM, teller.)
Reply:YES its safe..... If WaMu fails another lending institution will purchase your mortgage... Your mortgage is an asset so someone will buy it.... then a letter will come in the mail to let you know who bought it.... Your perfectly safe and your mortgage particulars wont change....
Reply:Nothing. The loan continues in existence. It will probably be transferred to another lender.
fruit gift baskets
Difference between a home equity loan and a consolidation loan?
What is the difference between a home equity loan and a consolidation loan? Which one looks better on your credit report?
Difference between a home equity loan and a consolidation loan?
A home equity loan is secured by your property and a consolidation loan may not necessarily be a secured loan. It may be just a large personal loan with the purpose of consolidating debts into one payment. A home equity loan may be used to consolidate debts but may also be used for home improvements, college costs, or any other expenses that come about. Visit http://www.nmtw.org/99/second-mortgage.h... to know more about the home equity loan. Also you will get low loan rates for NMTW membership.
Reply:Snow - best-selling author of "Stop Sitting on Your Assets". She talks about how to let your equity work for you, how to become your own bank, and secure your financial future. I got a lot of new ideas, and now view my money and financial management in a different way. She also tells you why your equity is your best asset, and the best strategies to employ to make the most out of this asset.
Preview the book here -- there's a lot of vital information you can't find anywhere else. I suggest too that you make a small investment on the book. It changed my total outlook on investments, mortgage, equity and personal finance.
http://www.stopsittingonyourassets.com/M...
You can contact Marian through her personal blog here:
http://mariansnow.typepad.com/assets
Difference between a home equity loan and a consolidation loan?
A home equity loan is secured by your property and a consolidation loan may not necessarily be a secured loan. It may be just a large personal loan with the purpose of consolidating debts into one payment. A home equity loan may be used to consolidate debts but may also be used for home improvements, college costs, or any other expenses that come about. Visit http://www.nmtw.org/99/second-mortgage.h... to know more about the home equity loan. Also you will get low loan rates for NMTW membership.
Reply:Snow - best-selling author of "Stop Sitting on Your Assets". She talks about how to let your equity work for you, how to become your own bank, and secure your financial future. I got a lot of new ideas, and now view my money and financial management in a different way. She also tells you why your equity is your best asset, and the best strategies to employ to make the most out of this asset.
Preview the book here -- there's a lot of vital information you can't find anywhere else. I suggest too that you make a small investment on the book. It changed my total outlook on investments, mortgage, equity and personal finance.
http://www.stopsittingonyourassets.com/M...
You can contact Marian through her personal blog here:
http://mariansnow.typepad.com/assets
Where can I get a personal loan for credit repair?
I would like a reputible company, I am trying to repair my credit for a home loan.
Where can I get a personal loan for credit repair?
If you get a personal loan from a local bank and make your payments on time your credit score would go up over time. If you already have bad credit consider a secured loan (requires collateral of some sort). However, the positive factors from this loan would take some time (6 months to a year) to actually improve your credit score. If you are just thinking of getting a loan for quick improvement then do not do it, as getting a personal loan right before applying for a home loan might show that you are over extended.
A site I've used for info in the past ...
http://debt.knowledged.info/credit_card....
Hope that helps.
Reply:Be careful when using a credit repair agency. So many ppl are waiting to take advantage of you %26amp; make promises they can't deliver on. A friend referred me to www.creditrestorativeservices.... They operate legally %26amp; sign a contract with uthat has a money back guarantee. It worked in about 4 mos. Report Abuse
Reply:http://www.thescorefix.com, these guys are honest and can get your FICO going UP quickly.They are not a credit repair company in the regular sense, but a FICO score raising company,that coaches you every step of the way so as far as the reporting agency is concerned the disputes are coming from you Report Abuse
Reply:I work for a company called Rebuild Yours, and we offer a %100 percent money back guarantee. With a great track record. In as little as 45 days your credit score can up enough to get the loan you need. Report Abuse
Reply:Social lending requirements are generall lower than bank underwriting and since they all report to bureaus it still increases your credit if you pay on time. Try the following sites.
prosper.com
zopa.com
virginmoney.com
Where can I get a personal loan for credit repair?
If you get a personal loan from a local bank and make your payments on time your credit score would go up over time. If you already have bad credit consider a secured loan (requires collateral of some sort). However, the positive factors from this loan would take some time (6 months to a year) to actually improve your credit score. If you are just thinking of getting a loan for quick improvement then do not do it, as getting a personal loan right before applying for a home loan might show that you are over extended.
A site I've used for info in the past ...
http://debt.knowledged.info/credit_card....
Hope that helps.
Reply:Be careful when using a credit repair agency. So many ppl are waiting to take advantage of you %26amp; make promises they can't deliver on. A friend referred me to www.creditrestorativeservices.... They operate legally %26amp; sign a contract with uthat has a money back guarantee. It worked in about 4 mos. Report Abuse
Reply:http://www.thescorefix.com, these guys are honest and can get your FICO going UP quickly.They are not a credit repair company in the regular sense, but a FICO score raising company,that coaches you every step of the way so as far as the reporting agency is concerned the disputes are coming from you Report Abuse
Reply:I work for a company called Rebuild Yours, and we offer a %100 percent money back guarantee. With a great track record. In as little as 45 days your credit score can up enough to get the loan you need. Report Abuse
Reply:Social lending requirements are generall lower than bank underwriting and since they all report to bureaus it still increases your credit if you pay on time. Try the following sites.
prosper.com
zopa.com
virginmoney.com
Can IRS take my refund if my husband owes money for a school loan?
My husband has not able to work for some time. I would like to claim him this year but he thinks they might be able to take my refund because he owes a large amount for a school loan.
Can IRS take my refund if my husband owes money for a school loan?
So far all bad answers.
1. Yes, you can file MFJ as opposed to MFS. You've always had this choice whether he was working or not.
2. Yes, the default is that if he is in arrears, the IRS will send any refund to the debt.
3. You as the one who DOESN'T OWE the loan is considered "injured" (not innocent as some posts keep claiming) and can file a form 8379 requesting that your "share" of the refund be sent to you anyway.
4. If you are in a community property state, you may only get half of the refund.
Reply:you can file an innocent spouse form - that would protect half of your refund
Reply:If it is your husband you should have been "claiming him" every year by filing a joint return. You do have the option of filing "injured spouse" and possibly claiming any of the refund that was attributed to your income.
Reply:If the loan is in default, then they can.
Reply:yes, few years back they took mine (but not everything). the reason i never pay my student loan..... so now i learn my lesson its better to apply for financial hardship so the IRS won't offset my refund...lol
Can IRS take my refund if my husband owes money for a school loan?
So far all bad answers.
1. Yes, you can file MFJ as opposed to MFS. You've always had this choice whether he was working or not.
2. Yes, the default is that if he is in arrears, the IRS will send any refund to the debt.
3. You as the one who DOESN'T OWE the loan is considered "injured" (not innocent as some posts keep claiming) and can file a form 8379 requesting that your "share" of the refund be sent to you anyway.
4. If you are in a community property state, you may only get half of the refund.
Reply:you can file an innocent spouse form - that would protect half of your refund
Reply:If it is your husband you should have been "claiming him" every year by filing a joint return. You do have the option of filing "injured spouse" and possibly claiming any of the refund that was attributed to your income.
Reply:If the loan is in default, then they can.
Reply:yes, few years back they took mine (but not everything). the reason i never pay my student loan..... so now i learn my lesson its better to apply for financial hardship so the IRS won't offset my refund...lol
How to make my credit history better and increase my chances to get loan?
Hi! People what can you suggest me to do to become more luckly to get loan while i can't even get mobile phone for a contract.
I've been staing in UK for 1 year, have changed to adresses.Your sincerely
How to make my credit history better and increase my chances to get loan?
Why do you even need a loan? I am a foreigner. When I came to this country at the age of 31, I had $3,000 cash in my pocket, a wife, 3 kids and no credit history. 4.5 years later I have 4 kids, 2 cars I paid cash for, no credit cards, and the only debt I have is my house, which I got without any credit history or co-signer. So what do you need a loan for again?
Reply:Many lenders, banks in particular, deal in any sort of secured loan other than second mortgages. Other institutions deal almost exclusively in secured loans. Finance companies that deal in secured loans can be found in your phone book, newspaper, and increasingly, online.Shop%26lt;!--around and compare interest rates on loans and the terms of repayment with several different lenders. You'll find many internet sites that let you request a loan rate quote from multiple lenders at once. You may find bad credit loans here,
http://badcredits.awardspace.com/
Once you've submitted a request for a loan quote, you'll be contacted by representatives from several companies--%26gt;and can get a good idea of what each can offer you in terms of interest and other finance charges and fees. Choose the best one for your needs, and apply for the loan.
ginkgo
I've been staing in UK for 1 year, have changed to adresses.Your sincerely
How to make my credit history better and increase my chances to get loan?
Why do you even need a loan? I am a foreigner. When I came to this country at the age of 31, I had $3,000 cash in my pocket, a wife, 3 kids and no credit history. 4.5 years later I have 4 kids, 2 cars I paid cash for, no credit cards, and the only debt I have is my house, which I got without any credit history or co-signer. So what do you need a loan for again?
Reply:Many lenders, banks in particular, deal in any sort of secured loan other than second mortgages. Other institutions deal almost exclusively in secured loans. Finance companies that deal in secured loans can be found in your phone book, newspaper, and increasingly, online.Shop%26lt;!--around and compare interest rates on loans and the terms of repayment with several different lenders. You'll find many internet sites that let you request a loan rate quote from multiple lenders at once. You may find bad credit loans here,
http://badcredits.awardspace.com/
Once you've submitted a request for a loan quote, you'll be contacted by representatives from several companies--%26gt;and can get a good idea of what each can offer you in terms of interest and other finance charges and fees. Choose the best one for your needs, and apply for the loan.
ginkgo
If there is a co-signer on an car loan, whose Credit standing is going to be impacted by timely payments?
I guess the person with the highest CBR score is the one who determines the rate, but would both people on the loan have their CBR scores affected? My credit is worse than my wife's, but I am wanting to get my credit back on the positive path, and we co-signed on an car loan. Will this help me at all, or will it be my wife who gets the CBR boost?
If there is a co-signer on an car loan, whose Credit standing is going to be impacted by timely payments?
Yes it will give your credit a boost if you make your payments on time. Its primarily on your credit but hers just helps you become approved. It stays on hers and yours until it's paid off.
A website I've recommended in the past would be...
http://www.safelinked.info/go.php?link=a...
Hope that helps.
Reply:Both parties I hope
Reply:If the loan is in your name and your wife is the co-signer. Timely payment effects your CBR. If the loan is defaulted it will effect hers.
Reply:OC1999 is the only one who is correct.
Reply:the co-signer doesnt get that much help with credit score
Reply:Now for the actual answer. When you co-sign for a loan both parities take equal responsibility. This means the history will appear on both reports. If the car loan maintains a positive history it helps both people, but if it has a negative history it will hurt both reports.
So as long as you are never late on the car loan it will help you.
If there is a co-signer on an car loan, whose Credit standing is going to be impacted by timely payments?
Yes it will give your credit a boost if you make your payments on time. Its primarily on your credit but hers just helps you become approved. It stays on hers and yours until it's paid off.
A website I've recommended in the past would be...
http://www.safelinked.info/go.php?link=a...
Hope that helps.
Reply:Both parties I hope
Reply:If the loan is in your name and your wife is the co-signer. Timely payment effects your CBR. If the loan is defaulted it will effect hers.
Reply:OC1999 is the only one who is correct.
Reply:the co-signer doesnt get that much help with credit score
Reply:Now for the actual answer. When you co-sign for a loan both parities take equal responsibility. This means the history will appear on both reports. If the car loan maintains a positive history it helps both people, but if it has a negative history it will hurt both reports.
So as long as you are never late on the car loan it will help you.
What does bank do if getting loan for used car?
I would like to apply for a used car loan through my bank. I have Good credit (750)
if the truck I want to get is not from a dealer, privet, what else does the bank do? Do they care what vehicle your getting, or do they like go inspect it, or kelly blue book it?
What does bank do if getting loan for used car?
they will "blue book" the vehicle as well. They won't go inspect it -- that's your job.
you can "blue book" it yourself at edmunds.com on the web.
the value they like is the "trade in" value -- they'll want their loan to be at most that much. You provide the rest in cash.
most will happily handle the financial part of the deal right there in their office -- you sign the loan docs and your check for the down payment, they provide the payment in full, and the seller signs the title right there -- after which you get the keys on the spot and drive it to the auto license agency.
[no connection to edmunds except that i use them].
Reply:It depends on what kind of loan you are getting from the bank.
If you are getting a signature loan, the bank does not need any information on the truck.
If you are getting a loan that will be secured by the auto, the bank will have the get the information on the truck. They will want to see the vehichle to make sure it is in good shape.
Reply:They don't care about the car, it has nothing to do with the car. All they care about is making sure that you will be able to repay the loan.
Reply:Today every person has need of car, because it has become the necessary need for the people and status symbol also. If you have bad credit history or poor credit history and look for purchase a car, then it is very tough for you. Due to bad credit history, lenders are not keen toward%26lt;!--providing you loan, but do not be discouraged.Generally, bad credit car loans are available at higher interest rate, but you can take at competitive interest rate after placing your assets as collateral in secured bad credit car loan. You may find some car loans here,
http://best-loans.awardspace.com/guarant...
You also can grab bad credit car loan without keeping your asset as collateral, but you have to pay competitively higher interest rate. Hence--%26gt;you can take this loan at better rate, because competition among lender.You can reduce your interest rate after talking with the lender
if the truck I want to get is not from a dealer, privet, what else does the bank do? Do they care what vehicle your getting, or do they like go inspect it, or kelly blue book it?
What does bank do if getting loan for used car?
they will "blue book" the vehicle as well. They won't go inspect it -- that's your job.
you can "blue book" it yourself at edmunds.com on the web.
the value they like is the "trade in" value -- they'll want their loan to be at most that much. You provide the rest in cash.
most will happily handle the financial part of the deal right there in their office -- you sign the loan docs and your check for the down payment, they provide the payment in full, and the seller signs the title right there -- after which you get the keys on the spot and drive it to the auto license agency.
[no connection to edmunds except that i use them].
Reply:It depends on what kind of loan you are getting from the bank.
If you are getting a signature loan, the bank does not need any information on the truck.
If you are getting a loan that will be secured by the auto, the bank will have the get the information on the truck. They will want to see the vehichle to make sure it is in good shape.
Reply:They don't care about the car, it has nothing to do with the car. All they care about is making sure that you will be able to repay the loan.
Reply:Today every person has need of car, because it has become the necessary need for the people and status symbol also. If you have bad credit history or poor credit history and look for purchase a car, then it is very tough for you. Due to bad credit history, lenders are not keen toward%26lt;!--providing you loan, but do not be discouraged.Generally, bad credit car loans are available at higher interest rate, but you can take at competitive interest rate after placing your assets as collateral in secured bad credit car loan. You may find some car loans here,
http://best-loans.awardspace.com/guarant...
You also can grab bad credit car loan without keeping your asset as collateral, but you have to pay competitively higher interest rate. Hence--%26gt;you can take this loan at better rate, because competition among lender.You can reduce your interest rate after talking with the lender
Is it possible to get a loan without 2 years of employment history?
My sis has a credit score in the high six and low seven, is it possible to attain a loan if she has only been back to work for 5-6 months? She had not been working for five years to be a stay at home mom. And before that she was in the same field for 5 years.
Is it possible to get a loan without 2 years of employment history?
She could possibly go through FHA they would just require a detailed explanation as to the 5 year employment gap raising a family would be a good reason she would need to be returning back to the same line of work
Reply:No, not on a house.... everything is based on your income and she can't use someones else income. Also 6-7 credit score is just OK they don't consider that good anymore. The market is really tough right now... I am struggling to get a loan myself and I work full time.
Also depends on how much money she has in the bank and how much dept she has against her.
Reply:The only one to answer that question is a lender institution as it is a business decision, not a personal one.
I suggest she interview several local lenders to see what programs they offer that would best suit her whole financial picture.
Reply:As an FYI… per the Federal Trade Commission (FTC) http://www.ftc.gov/freereports , there is only one source for you to get a free credit report from all three credit repositories, “annualcreditreport.com”. https://www.annualcreditreport.com/cra/i...
Do not give anyone else your personal info without seeing them in person.
Make sure to price out your loan with your LOCAL banks and mortgage brokers only.
A lot people giving advice on here are also looking to give you a loan (it’s not advice, its advertising), if they are not local to you and you can’t get to them within 1 hour don’t fall for it. They say they are licensed in all 50 states, what does that mean? Which state do you have to look in first if something goes wrong? KEEP IT LOCAL; DON'T GET RIPPED-OFF BY SOMEONE IN WHO KNOWS WHERE WHICH YOU WOULD HAVE NO DIRECT ACCESS TO.
Remember Buddha's advice:
"Believe nothing, no matter where you read it or who has said it, not even if I have said it, unless it agrees with your own reason and your own common sense." You are the only "expert" you can trust: All brokers, and every other loan officer guru giving advice here with a .com or contact me at the end is "selling" you something (it’s not advice, its advertising). Don't buy "it."
When shopping for a mortgage, here are a few things to do to maximize your savings and time:
1. When asking for a Good Faith Estimate(GFE), tell each mortgage originator (lender) what interest rate to use so you can compare apples to apples (rate affects closing costs). This is probably a different thought process for you because you always shop interest rates on a mortgage right? Remember all mortgage originators have identical wholesale interest rates. If you shop the same interest rate among mortgage originators, it levels the playing field and discloses what they want to charge you for their time to originate and close your mortgage. It is similar to shopping for a car. Why does the exact same new car vary in cost from one dealership to the next? Some dealers want to make more profit than others.
2. Secure Good Faith Estimates from various mortgage originators within a 4 hour time frame (rate and pricing can change daily and even multiple times in one day).
3. Do not compare the prepaids, reserves, escrow, title charges, and government recording sections of the estimates; third part fees are not controlled by the mortgage originator.
4. Ask each mortgage originator to base the interest rate on a 30 day lock unless you need longer.
5. If the loan allows you to waive escrow (paying taxes %26amp; insurance yourself), let the mortgage originators know because this will affect closing costs.
6. If refinancing, let the mortgage originators know if you are pulling cash out. A cash-out refinance usually increases closing costs.
Your Biggest Challenge
The mortgage industry today has never been more unethical. The industry has produced several record-breaking years in a row regarding total origination and as a result, greed is driving the industry. Your biggest challenge is receiving a Good Faith Estimate that is provided to you in "Good Faith"! We spend more time showing consumers how mortgage originators are lying to them in regards to an estimate given! That’s right, lying! “Bait and switch” has become a prominent sales tool in the mortgage industry. Bait you in with a bogus estimate then switch things after you are hooked. This is so discouraging; banks and so called direct lenders have become some of the worst at this practice. Education is your biggest weapon against this practice. Take the time to fully understand closing costs and rates before proceeding.
You should know exactly how much the mortgage originator is getting paid by all sources (no matter where it comes from, it's ultimately coming out of your pocket). Protect yourself by asking for and receiving prior to application and origination a written guarantee stating the TOTAL amount of compensation (YSP, rebates, commissions, kickbacks) that will be received and kept by the mortgage originator. This will help assure that your best interest is kept in mind.
Originating a mortgage is a service, not a product; compensation should not be based on the loan amount or interest rate.
All ethical, honest, upfront, transparent mortgage originators will be more than willing to provide you with a written total compensation guarantee in addition to the (GFE) Good Faith Estimate (focus on the word “Estimate” because that is exactly what it is, an estimate of charges) prior to originating your loan.
Is it possible to get a loan without 2 years of employment history?
She could possibly go through FHA they would just require a detailed explanation as to the 5 year employment gap raising a family would be a good reason she would need to be returning back to the same line of work
Reply:No, not on a house.... everything is based on your income and she can't use someones else income. Also 6-7 credit score is just OK they don't consider that good anymore. The market is really tough right now... I am struggling to get a loan myself and I work full time.
Also depends on how much money she has in the bank and how much dept she has against her.
Reply:The only one to answer that question is a lender institution as it is a business decision, not a personal one.
I suggest she interview several local lenders to see what programs they offer that would best suit her whole financial picture.
Reply:As an FYI… per the Federal Trade Commission (FTC) http://www.ftc.gov/freereports , there is only one source for you to get a free credit report from all three credit repositories, “annualcreditreport.com”. https://www.annualcreditreport.com/cra/i...
Do not give anyone else your personal info without seeing them in person.
Make sure to price out your loan with your LOCAL banks and mortgage brokers only.
A lot people giving advice on here are also looking to give you a loan (it’s not advice, its advertising), if they are not local to you and you can’t get to them within 1 hour don’t fall for it. They say they are licensed in all 50 states, what does that mean? Which state do you have to look in first if something goes wrong? KEEP IT LOCAL; DON'T GET RIPPED-OFF BY SOMEONE IN WHO KNOWS WHERE WHICH YOU WOULD HAVE NO DIRECT ACCESS TO.
Remember Buddha's advice:
"Believe nothing, no matter where you read it or who has said it, not even if I have said it, unless it agrees with your own reason and your own common sense." You are the only "expert" you can trust: All brokers, and every other loan officer guru giving advice here with a .com or contact me at the end is "selling" you something (it’s not advice, its advertising). Don't buy "it."
When shopping for a mortgage, here are a few things to do to maximize your savings and time:
1. When asking for a Good Faith Estimate(GFE), tell each mortgage originator (lender) what interest rate to use so you can compare apples to apples (rate affects closing costs). This is probably a different thought process for you because you always shop interest rates on a mortgage right? Remember all mortgage originators have identical wholesale interest rates. If you shop the same interest rate among mortgage originators, it levels the playing field and discloses what they want to charge you for their time to originate and close your mortgage. It is similar to shopping for a car. Why does the exact same new car vary in cost from one dealership to the next? Some dealers want to make more profit than others.
2. Secure Good Faith Estimates from various mortgage originators within a 4 hour time frame (rate and pricing can change daily and even multiple times in one day).
3. Do not compare the prepaids, reserves, escrow, title charges, and government recording sections of the estimates; third part fees are not controlled by the mortgage originator.
4. Ask each mortgage originator to base the interest rate on a 30 day lock unless you need longer.
5. If the loan allows you to waive escrow (paying taxes %26amp; insurance yourself), let the mortgage originators know because this will affect closing costs.
6. If refinancing, let the mortgage originators know if you are pulling cash out. A cash-out refinance usually increases closing costs.
Your Biggest Challenge
The mortgage industry today has never been more unethical. The industry has produced several record-breaking years in a row regarding total origination and as a result, greed is driving the industry. Your biggest challenge is receiving a Good Faith Estimate that is provided to you in "Good Faith"! We spend more time showing consumers how mortgage originators are lying to them in regards to an estimate given! That’s right, lying! “Bait and switch” has become a prominent sales tool in the mortgage industry. Bait you in with a bogus estimate then switch things after you are hooked. This is so discouraging; banks and so called direct lenders have become some of the worst at this practice. Education is your biggest weapon against this practice. Take the time to fully understand closing costs and rates before proceeding.
You should know exactly how much the mortgage originator is getting paid by all sources (no matter where it comes from, it's ultimately coming out of your pocket). Protect yourself by asking for and receiving prior to application and origination a written guarantee stating the TOTAL amount of compensation (YSP, rebates, commissions, kickbacks) that will be received and kept by the mortgage originator. This will help assure that your best interest is kept in mind.
Originating a mortgage is a service, not a product; compensation should not be based on the loan amount or interest rate.
All ethical, honest, upfront, transparent mortgage originators will be more than willing to provide you with a written total compensation guarantee in addition to the (GFE) Good Faith Estimate (focus on the word “Estimate” because that is exactly what it is, an estimate of charges) prior to originating your loan.
What is the best personal loan to take out? Are there any with little to no interest?
I am thinking of taking a personal loan this year to help me with some extra expenses. Any advice? Thanks!
What is the best personal loan to take out? Are there any with little to no interest?
My advice is: If you possibly can get by without borrowing, don't borrow. The problem with borrowing is that you have to pay it back, and that often gets burdensome. Probably the best place to borrow with little or no interest if from a relative. (Good luck. - I won't loan to my relatives who don't try to save.) Next best would be to borrow against a savings account or a life insurance policy with cash value. It may be too late for you now, but I think it's so much better if you take the money you would be paying on a loan and deposit that money (or more if you can) into a savings account so you will have some money available for unexpected expenses, and even for expected expenses that you'll now be able to pay in cash. No interest to pay. No burdensome monthly payments.
azalea tree
What is the best personal loan to take out? Are there any with little to no interest?
My advice is: If you possibly can get by without borrowing, don't borrow. The problem with borrowing is that you have to pay it back, and that often gets burdensome. Probably the best place to borrow with little or no interest if from a relative. (Good luck. - I won't loan to my relatives who don't try to save.) Next best would be to borrow against a savings account or a life insurance policy with cash value. It may be too late for you now, but I think it's so much better if you take the money you would be paying on a loan and deposit that money (or more if you can) into a savings account so you will have some money available for unexpected expenses, and even for expected expenses that you'll now be able to pay in cash. No interest to pay. No burdensome monthly payments.
azalea tree
Can I obtain a business loan in the US to finance a business in Brazil?
Looking to start a business in Brazil. Would like to get a loan to finance from US. Is this possible?
Can I obtain a business loan in the US to finance a business in Brazil?
No.
Can I obtain a business loan in the US to finance a business in Brazil?
No.
What is a good auto loan interest rate?
I'm planning to buy a 2005 Nissan Altima for $8500. The dealership is still running through their banks to find out what my payments would be and stuff. I'm also checking with my own banks, and my parent's credit union to see what I can get. I really have no idea what I should be looking for in an interest rate. I don't know what's too high, or what is ideal. Of course I'm going to go with whatever is lowest out of the banks, but I want to know what to expect before I sign those papers. What should I expect for an interest rate? I owe almost $3000 on my credit cards. I have a $5000 student loan that I haven't started paying yet (because I'm not done with school) and my credit score is almost 650. What's a good rate and what should I expect?
What is a good auto loan interest rate?
i think you are better off getting a personal loan rather than an auto loan as the interest rates are usually lower. Get all information about it at: http://www.credit-card-forums.com/thread...
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:Look for a less expensive car and pay off debt before you get into trouible.
What is a good auto loan interest rate?
i think you are better off getting a personal loan rather than an auto loan as the interest rates are usually lower. Get all information about it at: http://www.credit-card-forums.com/thread...
Reply:Auto Loan Guide: http://autoloans.autoloanassis... Report Abuse
Reply:Look for a less expensive car and pay off debt before you get into trouible.
What is the easiest way to remove myself from a joint car loan?
I am separated from my husband. We are in the process of filing for dissolution. Per our agreement he got to keep the car that was financed in both our names. He is now in financial trouble and I fear the car will be reposessed before the dissolution is final and w/o me getting my name off the loan. What recourse do i have here? I have spent a fair amount of time since the separation getting my credit in good standing as an individual and I am really stressing about this hurting what I have worked so hard for. Anyone?
What is the easiest way to remove myself from a joint car loan?
You either pay it off , or have him re finance it under a used car loan in his name only. If you still owe more on the car than the bank will loan on it then you won"t be able to do this . You'll have to pay it off. No easy way out really.
I've bookmarked this site to go back to next time I need a loan...
http://www.knowledged.info/go.php?link=a...
Take Care.
Reply:Go to the bank that the loan is through (or call them). If you can convince him to come it would be really easy. But you may have to wait until the divorce is finalized, and bring a copy of the agreement, showing that he took possession of the car. If it negatively impacts your credit, find the collection agency that handled the defaulted payments, and prove to them that it wasnt your financial repsonsibility with the documnetation proving that you were not financially repsonsible for the car.
What is the easiest way to remove myself from a joint car loan?
You either pay it off , or have him re finance it under a used car loan in his name only. If you still owe more on the car than the bank will loan on it then you won"t be able to do this . You'll have to pay it off. No easy way out really.
I've bookmarked this site to go back to next time I need a loan...
http://www.knowledged.info/go.php?link=a...
Take Care.
Reply:Go to the bank that the loan is through (or call them). If you can convince him to come it would be really easy. But you may have to wait until the divorce is finalized, and bring a copy of the agreement, showing that he took possession of the car. If it negatively impacts your credit, find the collection agency that handled the defaulted payments, and prove to them that it wasnt your financial repsonsibility with the documnetation proving that you were not financially repsonsible for the car.
When do we start the loan process for a new home construction home?
My husband and I are buying a new home. The house is currently under construction but it won't be completely done until the Spring or Summer of next year. When should I start speaking with someone regarding a loan for the house?
When do we start the loan process for a new home construction home?
My husband and I bought a newly constructed home out in Las Vegas, Nevada about a year ago. Before the home developer would even allow us to put an "earnest money deposit" down for the house, we had to get "prequalified" with a mortgage lender... this could be done anytime before your house is finished, with any mortgage lender/broker/bank.
Then about 3-6 months BEFORE the house was scheduled to be finished, we started to call around different mortgage lenders to shop around for best "interest rates and closing costs" terms ... We found "IndyMac Bank" out in California to be the best lender at the time we called... I had heard of this company through my parents who have a mortgage with them... when my parents had a hard time finding lenders who could give them a "very good / low interest rate term" for their mortgage, it was IndyMac Bank that stepped up... and when it came time for my husband and I to close, IndyMac Bank was there for us... it was easy to "close" with them because everything was done over the mail, phone, or fax with NO complications! Also, CountryWide Bank was another lender that was very helpful and provided fair terms.
I highly recommend checking out different mortgage lender rates and no matter who you eventually choose for your lender, I recommend you "rate lock" with NO ADDED FEES (aka: No Lock Fees) approximately 3-6 months before closing... so long as the rates are affordable for you at the time.
Also, please be aware that most lenders do not want to give long length "rate locks" out... example: more than 45 days before your house is scheduled to be completed ... when you get something that is around 3-6 months of a lock, they will want to impose some sort of crazy "rate lock fee"... don't fall for this! Always try to negotiate a Rate Lock with No Fees! Otherwise, keep calling around! Many, many lenders are out there, and they all want your business! But the main point for you in shopping around NOW is to "rate lock" at a very low interest rate as possible, while being able to afford the monthly mortgage payments and terms!
I would also recommend you check out www.BankRate.com ... this site can help you see what the going interest rates according to the mortgage terms you want (example: 30 year conventional fixed, 15 year conventional fixed, 5 year ARM, 3 year ARM, etc...), based upon your location ... since mortgage rates usually change daily.
www.BankRate.com also provides good financial advice, as well as providing you with useful "financial calculators" (for example: they have mortgage calculators that can figure out how much you would end up paying for your house per month, given how much you plan to borrow/mortgage and how long you plan to take out the mortgage for (mortgage term).
Based upon the fact that your house will be done around Spring or Summer of 2007, I would start calling around the end of this month... because it makes me believe you may get better rates now that this year is ending and lots of companies will be willing to make last minute good deals to make up "quota" or boost their "end-of-year profits", etc. For this same reason, it was also good to call at the end of the month, or the first week of the new month as opposed to the middle of a month to call for best rates... not always true, but from my personal experience, it seemed most likely.
Hope this helps... And I wish you a happy, speedy, and hassle-free closing!!!
Reply:If the builder has secured the construction loan, then you can check into financing about 1 month before completion.
Reply:a soon as you can because of the loop holes and credit-checks if there's any repairs on the credit checks regardless good credit rating or not there always problems made up or not to fix and hold up sooner the queston is why you and hubby didn't start all the paper work on this house sooner than now ?
Reply:now!! get all the details of the construction ie the layout plans etc and go to a bank for their advice......run you are already late!!!
Reply:immediately.
Reply:I assume that you have given a deposit on a new home and are now trying to finance it. You can start now and get a rate "locked". The question is how far in advance would a bank give you the rate? During a normal process, buyers usually lock their rate for 30 or 45 days. It means their interest rate won't go up or down within this period of time, which also includes closing (escrow) period. It's up to an individual bank to set their policies. If you start now, you will have to make sure that your rate is locked until the time your house is built. There is usually a cost associated with the process of getting the rate locked.
Reply:You get a builders loan or if you are going through a (builder company) they will hep with financing. but you don't want to wait until the house is ready to move. usually 30-45 days out you want to start finalizing.
Reply:um NOW! Because the broker can sell it to another buyer even if you have a "contract" and it takes an average of 90-120 days to build a house (sooner if they know they will get paid asap)
Reply:The sooner the better.
Reply:Start now
Reply:If you have contracted to buy the house and the price is set.. the builder should already have the financing in place.. if not.. then just get youself pre-approved for a certain loan amount.. when the house is finished, it will be appraised. The appraised value with tell you how much you need to borrow and because you are pre-approved, it should'nt be hard to finish the financing.. do it yourself through a bank if you can..
Reply:As soon as possible that way everything is set in place you don't have to sign anything until the construction is completed, but at least look into the different rates and figure out what is best for you.
Reply:U should start ASAP.
I started to collect all the necessary documents before 2 years of actual movieng into my house.
My elite apartment will be ready in October, 2008 but my docs were ready already half a year ago, so I would be the first in a queque and reserve the best apartment.
Start quickly.
Reply:You need to go to a bank or a credit union bank. They have the best rates and cut out all the middle man fees associated with going thru a broker. They will usually give you a rate between 5 to 8 percent and you get to pay interest only. Depending on your credit scores, they require 5% to 15% down. This is the construction loan phase. After your home is complete you will be required to pay off the construction loan off COMPLETLY, which requires to refinance to pay off the construction loan. If you have good equity, which is common in new construction, then you qualify for a better loan. Congrats! And usually the builder requires you take out the construction loan BEFORE they start putting anything in your name.
Reply:Congratulations! I would suggest that you start now, but slowly. Here's what I mean... select a broker that you want to probably work with and have him/her pull your credit and do a strong pre-qual for you. This let's you know exactly where you currently stand and with the right advisor, helps to determine what steps to take between now and buying time to get you most prepared for the best possible terms.
Starting early can uncover an incorrect record on your report and give you adequate time to re-act and remove. Also, it may show that your debt ratio is higher than optimum and give you time to bring it back in line which could save you on your rate percentage. It can also uncover whether or not you should buy, on credit, any additional items (like new furniture) before closing on your new home.
Then, 45 days prior to closing (make sure your builder is on schedule first) do the actual application.
Reply:This is thi right time.start finding the person who can loan you.if you start too late,some one else who has money in his hands will take this the house. There are many people looking for a house with cash in their briefcase.
wish you the best
Reply:Before your money sufacates you!
Reply:WOW, good question and even better answers. I've learned something today.
Reply:I am wondering if you have a contract on this home. Most sellers that are using real estate agents wont sign with someone who hasnt secured financing. In any case, you should start looking for financing right away. It is important that you find out from the lender how much house you can afford, and what interest rate you will qualify for based on your credit scores.
You should take some time and go to numerous lenders to compare what they are offering in the way of costs, points, length of mortgage and so on. If this is your first home (and I have a feeling it is) you may also qualify for first time buyer financing, which also can save you some money. These types of loans are designed to help the buyer get into a home with less down payment, and lower mothly costs.
Since you are interested in this house that is under construction, find out what the property taxes are in that area. Find out if there is a problem with flooding too. WIll it be city water and sewer or well and septic? Is there a homeowners association with annual fees, or road maintenance?
These are just a few of the questions you need to ask about this house, becasue the lender is going to ask them of you.
Good luck with finding financing and getting your home. Its the best feeling. walking in for the first time!
Reply:Go get a good faith estimate and let your broker know y ou have it in hand. They will tell you what to do next.
Reply:In my experience, it is best to start the loan process far in advance of the actual time you will be applying for the loan. Having your credit pulled by an experience loan originator/consultant 6months to one year prior to the time when you need the loan to fund is a good idea because you will then have the time and hopefully the loan officer will have the knowledge to help you clear up any problems on your credit report, which will then put you in a position to get the best rates when you do decide it is time to do your loan, saving you much in interest over the life of the loan. You also need to be educated on which type of loan is best for you, since there are many different options. You do NOT want to have to shop around for a loan because the more times your credit report is pulled, the lower your credit score will go. There is so much involved in the total process and most consumers don't know a lot about it. I would be happy to answer any questions you might have... this is what I do and I often see people going in the wrong direction due to lack of knowledge, which can kill any chances they have of securing a loan. I've seen it happen many times over.
Reply:We started the loan process before we even started looking at houses to make sure we had the loan before we put in offers. Made the process go alot faster knowing that all we had to do was sign the loan papers at closing then waiting to move in to the house to make sure we got the loan.
Reply:Before you even start looking at houses have your loan set up and in order.
Reply:Before you even decide to speak with the bank people about getting a house loan, you need to make sure you or your husband has a credit card's FICO score is good, or else you might get turned down.
Reply:Find out from the Developer of the housing project which banks are offering the mortgage loans for end-financing.
lily
When do we start the loan process for a new home construction home?
My husband and I bought a newly constructed home out in Las Vegas, Nevada about a year ago. Before the home developer would even allow us to put an "earnest money deposit" down for the house, we had to get "prequalified" with a mortgage lender... this could be done anytime before your house is finished, with any mortgage lender/broker/bank.
Then about 3-6 months BEFORE the house was scheduled to be finished, we started to call around different mortgage lenders to shop around for best "interest rates and closing costs" terms ... We found "IndyMac Bank" out in California to be the best lender at the time we called... I had heard of this company through my parents who have a mortgage with them... when my parents had a hard time finding lenders who could give them a "very good / low interest rate term" for their mortgage, it was IndyMac Bank that stepped up... and when it came time for my husband and I to close, IndyMac Bank was there for us... it was easy to "close" with them because everything was done over the mail, phone, or fax with NO complications! Also, CountryWide Bank was another lender that was very helpful and provided fair terms.
I highly recommend checking out different mortgage lender rates and no matter who you eventually choose for your lender, I recommend you "rate lock" with NO ADDED FEES (aka: No Lock Fees) approximately 3-6 months before closing... so long as the rates are affordable for you at the time.
Also, please be aware that most lenders do not want to give long length "rate locks" out... example: more than 45 days before your house is scheduled to be completed ... when you get something that is around 3-6 months of a lock, they will want to impose some sort of crazy "rate lock fee"... don't fall for this! Always try to negotiate a Rate Lock with No Fees! Otherwise, keep calling around! Many, many lenders are out there, and they all want your business! But the main point for you in shopping around NOW is to "rate lock" at a very low interest rate as possible, while being able to afford the monthly mortgage payments and terms!
I would also recommend you check out www.BankRate.com ... this site can help you see what the going interest rates according to the mortgage terms you want (example: 30 year conventional fixed, 15 year conventional fixed, 5 year ARM, 3 year ARM, etc...), based upon your location ... since mortgage rates usually change daily.
www.BankRate.com also provides good financial advice, as well as providing you with useful "financial calculators" (for example: they have mortgage calculators that can figure out how much you would end up paying for your house per month, given how much you plan to borrow/mortgage and how long you plan to take out the mortgage for (mortgage term).
Based upon the fact that your house will be done around Spring or Summer of 2007, I would start calling around the end of this month... because it makes me believe you may get better rates now that this year is ending and lots of companies will be willing to make last minute good deals to make up "quota" or boost their "end-of-year profits", etc. For this same reason, it was also good to call at the end of the month, or the first week of the new month as opposed to the middle of a month to call for best rates... not always true, but from my personal experience, it seemed most likely.
Hope this helps... And I wish you a happy, speedy, and hassle-free closing!!!
Reply:If the builder has secured the construction loan, then you can check into financing about 1 month before completion.
Reply:a soon as you can because of the loop holes and credit-checks if there's any repairs on the credit checks regardless good credit rating or not there always problems made up or not to fix and hold up sooner the queston is why you and hubby didn't start all the paper work on this house sooner than now ?
Reply:now!! get all the details of the construction ie the layout plans etc and go to a bank for their advice......run you are already late!!!
Reply:immediately.
Reply:I assume that you have given a deposit on a new home and are now trying to finance it. You can start now and get a rate "locked". The question is how far in advance would a bank give you the rate? During a normal process, buyers usually lock their rate for 30 or 45 days. It means their interest rate won't go up or down within this period of time, which also includes closing (escrow) period. It's up to an individual bank to set their policies. If you start now, you will have to make sure that your rate is locked until the time your house is built. There is usually a cost associated with the process of getting the rate locked.
Reply:You get a builders loan or if you are going through a (builder company) they will hep with financing. but you don't want to wait until the house is ready to move. usually 30-45 days out you want to start finalizing.
Reply:um NOW! Because the broker can sell it to another buyer even if you have a "contract" and it takes an average of 90-120 days to build a house (sooner if they know they will get paid asap)
Reply:The sooner the better.
Reply:Start now
Reply:If you have contracted to buy the house and the price is set.. the builder should already have the financing in place.. if not.. then just get youself pre-approved for a certain loan amount.. when the house is finished, it will be appraised. The appraised value with tell you how much you need to borrow and because you are pre-approved, it should'nt be hard to finish the financing.. do it yourself through a bank if you can..
Reply:As soon as possible that way everything is set in place you don't have to sign anything until the construction is completed, but at least look into the different rates and figure out what is best for you.
Reply:U should start ASAP.
I started to collect all the necessary documents before 2 years of actual movieng into my house.
My elite apartment will be ready in October, 2008 but my docs were ready already half a year ago, so I would be the first in a queque and reserve the best apartment.
Start quickly.
Reply:You need to go to a bank or a credit union bank. They have the best rates and cut out all the middle man fees associated with going thru a broker. They will usually give you a rate between 5 to 8 percent and you get to pay interest only. Depending on your credit scores, they require 5% to 15% down. This is the construction loan phase. After your home is complete you will be required to pay off the construction loan off COMPLETLY, which requires to refinance to pay off the construction loan. If you have good equity, which is common in new construction, then you qualify for a better loan. Congrats! And usually the builder requires you take out the construction loan BEFORE they start putting anything in your name.
Reply:Congratulations! I would suggest that you start now, but slowly. Here's what I mean... select a broker that you want to probably work with and have him/her pull your credit and do a strong pre-qual for you. This let's you know exactly where you currently stand and with the right advisor, helps to determine what steps to take between now and buying time to get you most prepared for the best possible terms.
Starting early can uncover an incorrect record on your report and give you adequate time to re-act and remove. Also, it may show that your debt ratio is higher than optimum and give you time to bring it back in line which could save you on your rate percentage. It can also uncover whether or not you should buy, on credit, any additional items (like new furniture) before closing on your new home.
Then, 45 days prior to closing (make sure your builder is on schedule first) do the actual application.
Reply:This is thi right time.start finding the person who can loan you.if you start too late,some one else who has money in his hands will take this the house. There are many people looking for a house with cash in their briefcase.
wish you the best
Reply:Before your money sufacates you!
Reply:WOW, good question and even better answers. I've learned something today.
Reply:I am wondering if you have a contract on this home. Most sellers that are using real estate agents wont sign with someone who hasnt secured financing. In any case, you should start looking for financing right away. It is important that you find out from the lender how much house you can afford, and what interest rate you will qualify for based on your credit scores.
You should take some time and go to numerous lenders to compare what they are offering in the way of costs, points, length of mortgage and so on. If this is your first home (and I have a feeling it is) you may also qualify for first time buyer financing, which also can save you some money. These types of loans are designed to help the buyer get into a home with less down payment, and lower mothly costs.
Since you are interested in this house that is under construction, find out what the property taxes are in that area. Find out if there is a problem with flooding too. WIll it be city water and sewer or well and septic? Is there a homeowners association with annual fees, or road maintenance?
These are just a few of the questions you need to ask about this house, becasue the lender is going to ask them of you.
Good luck with finding financing and getting your home. Its the best feeling. walking in for the first time!
Reply:Go get a good faith estimate and let your broker know y ou have it in hand. They will tell you what to do next.
Reply:In my experience, it is best to start the loan process far in advance of the actual time you will be applying for the loan. Having your credit pulled by an experience loan originator/consultant 6months to one year prior to the time when you need the loan to fund is a good idea because you will then have the time and hopefully the loan officer will have the knowledge to help you clear up any problems on your credit report, which will then put you in a position to get the best rates when you do decide it is time to do your loan, saving you much in interest over the life of the loan. You also need to be educated on which type of loan is best for you, since there are many different options. You do NOT want to have to shop around for a loan because the more times your credit report is pulled, the lower your credit score will go. There is so much involved in the total process and most consumers don't know a lot about it. I would be happy to answer any questions you might have... this is what I do and I often see people going in the wrong direction due to lack of knowledge, which can kill any chances they have of securing a loan. I've seen it happen many times over.
Reply:We started the loan process before we even started looking at houses to make sure we had the loan before we put in offers. Made the process go alot faster knowing that all we had to do was sign the loan papers at closing then waiting to move in to the house to make sure we got the loan.
Reply:Before you even start looking at houses have your loan set up and in order.
Reply:Before you even decide to speak with the bank people about getting a house loan, you need to make sure you or your husband has a credit card's FICO score is good, or else you might get turned down.
Reply:Find out from the Developer of the housing project which banks are offering the mortgage loans for end-financing.
lily
Can I file my student loan interest on taxes even though it has been over 5 years?
I dont' recall or remember filing my student loan interest as part of my tax return. Is there a cutoff point or can I claim it if I still have documentation or proof?
Can I file my student loan interest on taxes even though it has been over 5 years?
2005 and 2006, unless you had an extension to file for 2004.
Reply:you could only claim interest paid in 2005 for your 2005 tax return, tint pd in 2006 for 2006 tax return, etc and if you already filed you 2007 taxes, you can only amend back to 2005 %26amp; 2006
Can I file my student loan interest on taxes even though it has been over 5 years?
2005 and 2006, unless you had an extension to file for 2004.
Reply:you could only claim interest paid in 2005 for your 2005 tax return, tint pd in 2006 for 2006 tax return, etc and if you already filed you 2007 taxes, you can only amend back to 2005 %26amp; 2006
How do you go about getting a personal loan?
I'm wanting to start selling stuff on ebay and i need to take out a loan for products. I'm a stay @ home mom and fiance works full time but has bad credit. How should i go about this and what r some place that i could take out a loan under these circumstances.
How do you go about getting a personal loan?
Your best bet would try your bank.But don't put your boy friend on the application.
Reply:..try H.F.C. or CAPITAL ONE....good luck
Reply:yup
How do you go about getting a personal loan?
Your best bet would try your bank.But don't put your boy friend on the application.
Reply:..try H.F.C. or CAPITAL ONE....good luck
Reply:yup
How to get a loan with not so good credit?
I need a loan of 1000 dollars and I don't have good credit. Any suggestions on where I can get a loan from? No payday loans please
How to get a loan with not so good credit?
You can get a loan from other people at Prosper.com. You can tell the members of the site your story and why you need the money. The loan is funded by several members investing in you so that you can buy what you need or whatever else you may need the money for. Their incentive to loan you the money is to receive interest income for the money they loan you. It is like a normal loan but without the bank. People loaning directly to people. Check it out. It is easy to use.
Reply:With poor credit, any loan you get will have pretty high interest rates. Stay away from payday loans and anyone wanting some kind of fee up front.
Check with your bank or a credit union. If you have a history with them, they might overlook your less than perfect credit score.
Reply:I found interesting information about your answer: the best Loans for people with Bad Credit %26amp; options here. Goodhttp://all-debt-consolidation-loan.blogs... luck!
Reply:their are company's who give loans and don't do credit checks your job is your credit and the max they give is like 1500.
Reply:try a credit union
Reply:Bad credit means you are not very reliable on repaying .
Maybe better to get a 2nd job or more hours at work so you can pay directly ,
To avoid further damage to your already marginal financial reputation .
%26gt;
Reply:I am not a credit and debit expert, however you can find one at websites like http://askexpert.info/debtadvice.htm
Reply:Try http://www.lendingtree.com I've used them in the past and they are very good at finding a lender that is a good fit.
Reply:Below Site is Home of the Loan for every need. Learn about Personal Loan, Student Loan, Auto Loan, Business Loan, Home Loan, Bad Credit Loans or Loan Consolidation. Search for the lowest loan rates; compare lenders, Shop for loans. Loans made fast and simple. Don't worry about Bad Credit and No Co-signer needed. No Upfront.
http://lnk.in/56f2
Reply:Hello,
My name is Melissa and I am going through tough time. I read an article in regards to how This GOD fearing and faithful man (Anold Marvis) helped people who are down on their luck. I take care of my diabled mother and 2 of my sisters kids that she gave up to be with another man. I have worked day after day to just make the income needed to get the bare neccessities, but I fell ill last month and was not able to work and now have to retrain to find another job because of my illness I am no longer able to perform the duties needed in order to keep my other job so I had to resting my position. I am now stuggling and between myself and what little income that my mother gets from the state is not enough to keep our heads above water. We even go times without eating and on the verge of losing our place of stay. I was told he can help and i applied for a loan of $50,000 USD which i am most elated today that it was given to me with duration of 3 years. I am most grateful for his help that i and my family promise to tell the world of his Goodness. He can also help you if you are faithful by showing to him your ability to pay back the loan at the due time. His firm email account is arnoldlnaffairs9@yaho.com
Reply:Many lenders, banks in particular, deal in any sort of secured loan other than second mortgages. Other institutions deal almost exclusively in secured loans. Finance companies that deal in secured loans can be found in your phone book, newspaper, and increasingly, online.Shop%26lt;!--around and compare interest rates on loans and the terms of repayment with several different lenders. You'll find many internet sites that let you request a loan rate quote from multiple lenders at once. You may find bad credit loans here,
http://badcredits.awardspace.com/
Once you've submitted a request for a loan quote, you'll be contacted by representatives from several companies--%26gt;and can get a good idea of what each can offer you in terms of interest and other finance charges and fees. Choose the best one for your needs, and apply for the loan.
How to get a loan with not so good credit?
You can get a loan from other people at Prosper.com. You can tell the members of the site your story and why you need the money. The loan is funded by several members investing in you so that you can buy what you need or whatever else you may need the money for. Their incentive to loan you the money is to receive interest income for the money they loan you. It is like a normal loan but without the bank. People loaning directly to people. Check it out. It is easy to use.
Reply:With poor credit, any loan you get will have pretty high interest rates. Stay away from payday loans and anyone wanting some kind of fee up front.
Check with your bank or a credit union. If you have a history with them, they might overlook your less than perfect credit score.
Reply:I found interesting information about your answer: the best Loans for people with Bad Credit %26amp; options here. Goodhttp://all-debt-consolidation-loan.blogs... luck!
Reply:their are company's who give loans and don't do credit checks your job is your credit and the max they give is like 1500.
Reply:try a credit union
Reply:Bad credit means you are not very reliable on repaying .
Maybe better to get a 2nd job or more hours at work so you can pay directly ,
To avoid further damage to your already marginal financial reputation .
%26gt;
Reply:I am not a credit and debit expert, however you can find one at websites like http://askexpert.info/debtadvice.htm
Reply:Try http://www.lendingtree.com I've used them in the past and they are very good at finding a lender that is a good fit.
Reply:Below Site is Home of the Loan for every need. Learn about Personal Loan, Student Loan, Auto Loan, Business Loan, Home Loan, Bad Credit Loans or Loan Consolidation. Search for the lowest loan rates; compare lenders, Shop for loans. Loans made fast and simple. Don't worry about Bad Credit and No Co-signer needed. No Upfront.
http://lnk.in/56f2
Reply:Hello,
My name is Melissa and I am going through tough time. I read an article in regards to how This GOD fearing and faithful man (Anold Marvis) helped people who are down on their luck. I take care of my diabled mother and 2 of my sisters kids that she gave up to be with another man. I have worked day after day to just make the income needed to get the bare neccessities, but I fell ill last month and was not able to work and now have to retrain to find another job because of my illness I am no longer able to perform the duties needed in order to keep my other job so I had to resting my position. I am now stuggling and between myself and what little income that my mother gets from the state is not enough to keep our heads above water. We even go times without eating and on the verge of losing our place of stay. I was told he can help and i applied for a loan of $50,000 USD which i am most elated today that it was given to me with duration of 3 years. I am most grateful for his help that i and my family promise to tell the world of his Goodness. He can also help you if you are faithful by showing to him your ability to pay back the loan at the due time. His firm email account is arnoldlnaffairs9@yaho.com
Reply:Many lenders, banks in particular, deal in any sort of secured loan other than second mortgages. Other institutions deal almost exclusively in secured loans. Finance companies that deal in secured loans can be found in your phone book, newspaper, and increasingly, online.Shop%26lt;!--around and compare interest rates on loans and the terms of repayment with several different lenders. You'll find many internet sites that let you request a loan rate quote from multiple lenders at once. You may find bad credit loans here,
http://badcredits.awardspace.com/
Once you've submitted a request for a loan quote, you'll be contacted by representatives from several companies--%26gt;and can get a good idea of what each can offer you in terms of interest and other finance charges and fees. Choose the best one for your needs, and apply for the loan.
How long do I have to be employed to get a home loan in Australia?
It has been personal goal of mine to share own a home with my sister by the end of this year. I have been self employed for the last 4 months and held a job with the same employer for six years previous to that. I am now looking for full-time work. How long do I have to be at that job to get a home loan in Australia?
How long do I have to be employed to get a home loan in Australia?
Hi, i worked for the bank and you have to be working for at least 1 year. If you are self employed then you can still get a loan, you just need to provide your tax returns.
myspaces.com
How long do I have to be employed to get a home loan in Australia?
Hi, i worked for the bank and you have to be working for at least 1 year. If you are self employed then you can still get a loan, you just need to provide your tax returns.
myspaces.com
Is there a way to file income tax & get refund while having a defaulted student loan?
People with defaulted student loans usually have their income tax return confiscated. However, this confiscation by Sallie Mae %26amp; assorted low life collectors, are never applied to the defaulted loan. Thus, this may be the 3rd year I have not filed Federal taxes. Does anyone know a way out of this morass?
Is there a way to file income tax %26amp; get refund while having a defaulted student loan?
As a taxpayer, I suggest you pay back what you owe. You are only compounding the problem and the penalties will increase. Who do you think the victim is in your scam?
Reply:Nothing has been applied to your Student Loan debt, because you haven't filed the returns, You have 3 yrs from the due date of the return to be eligible to claim that refund, otherwise the overpayment goes into the general fund, You don't get it, student loan doesn't get it, it is just gone, File those old returns, at least something will get paid towards the Loan and you will be that much less in debt to them. Then start making payment on it contact the lender and get back to business, you signed a legal binding agreement that you would pay it back, that is your responsibility. They paid for your education you owe that money back. Once you start making timely consistant payments they might lift the garnishment and allow you to start receiving refunds in the future. By you not paying on your loan you are destroying your credit history, No one is going to want to loan you money when you have a record of not paying on your debts as promised.
Reply:No, if your loan has been turned over to FMS for collection there's no way to avoid having your refund confiscated.
It's a bit late now. The way "out of this morass" as you put it was to pay your loan payments when they were due.
If you didn't file your Federal taxes, the refund that wasn't paid couldn't be confiscated so therefore your debt could not be reduced. Eventually the IRS will file a return on your behalf and any overpayment will be applied against your liability. However in the interim, interest will continue to accrue. If you're REALLY unlucky, there will be a tax liability from the years that you didn't file and the IRS will then go after you for THAT as well.
Get your head out of your @$$ and file the returns for the years that you've missed. Take the hit on the refunds going to Sallie Mae, at least your debt will start to decline! You're the one who fooked up; you're the only one who can fix it now.
I thought that they didn't do college courses in Underwater Basket Weaving any more. Seems that that's about all that you got out of it....
Reply:I has a similar situation. There is no way to keep the goverment from taking the money you owe them. (you can't let someone you owe money to hold your money throughout the year). When the refund does get taken away...you will get a letter from the IRS stating that they withheld your refund and applied it to your debt. Provide a copy of this letter to the credit bureaus and the creditor to make sure it is actually applied.
More important here is "Why are you getting a refund?". If you get a refund at the end of the year that means that your tax witholdings are incorrect. You get a refund because you're allowing your employer to withhold too much tax from your paycheck. So in essence, you're lending the goverment your money interest free. That's nice of you. You have to adjust your witholding so that you don't get a refund....instead you get to keep more of your money every payday. That way there also is no refund for them to keep. Hope this helps you.
Is there a way to file income tax %26amp; get refund while having a defaulted student loan?
As a taxpayer, I suggest you pay back what you owe. You are only compounding the problem and the penalties will increase. Who do you think the victim is in your scam?
Reply:Nothing has been applied to your Student Loan debt, because you haven't filed the returns, You have 3 yrs from the due date of the return to be eligible to claim that refund, otherwise the overpayment goes into the general fund, You don't get it, student loan doesn't get it, it is just gone, File those old returns, at least something will get paid towards the Loan and you will be that much less in debt to them. Then start making payment on it contact the lender and get back to business, you signed a legal binding agreement that you would pay it back, that is your responsibility. They paid for your education you owe that money back. Once you start making timely consistant payments they might lift the garnishment and allow you to start receiving refunds in the future. By you not paying on your loan you are destroying your credit history, No one is going to want to loan you money when you have a record of not paying on your debts as promised.
Reply:No, if your loan has been turned over to FMS for collection there's no way to avoid having your refund confiscated.
It's a bit late now. The way "out of this morass" as you put it was to pay your loan payments when they were due.
If you didn't file your Federal taxes, the refund that wasn't paid couldn't be confiscated so therefore your debt could not be reduced. Eventually the IRS will file a return on your behalf and any overpayment will be applied against your liability. However in the interim, interest will continue to accrue. If you're REALLY unlucky, there will be a tax liability from the years that you didn't file and the IRS will then go after you for THAT as well.
Get your head out of your @$$ and file the returns for the years that you've missed. Take the hit on the refunds going to Sallie Mae, at least your debt will start to decline! You're the one who fooked up; you're the only one who can fix it now.
I thought that they didn't do college courses in Underwater Basket Weaving any more. Seems that that's about all that you got out of it....
Reply:I has a similar situation. There is no way to keep the goverment from taking the money you owe them. (you can't let someone you owe money to hold your money throughout the year). When the refund does get taken away...you will get a letter from the IRS stating that they withheld your refund and applied it to your debt. Provide a copy of this letter to the credit bureaus and the creditor to make sure it is actually applied.
More important here is "Why are you getting a refund?". If you get a refund at the end of the year that means that your tax witholdings are incorrect. You get a refund because you're allowing your employer to withhold too much tax from your paycheck. So in essence, you're lending the goverment your money interest free. That's nice of you. You have to adjust your witholding so that you don't get a refund....instead you get to keep more of your money every payday. That way there also is no refund for them to keep. Hope this helps you.
Where can I find a private investor to loan me money on my home?
They will be required to carry a third, but I have substantial equity. This will be a short term loan. At the present time, I am unemployed, but I have gotten a job this week. The loan is to secured by my home. Is there any way in the internet or anywhere else where I can find an investor who can approve me?
Where can I find a private investor to loan me money on my home?
http://hubpages.com/hub/Home-Improvement... This article has some good info about home equity loans. Hopefully, it can help you. :-)
Where can I find a private investor to loan me money on my home?
http://hubpages.com/hub/Home-Improvement... This article has some good info about home equity loans. Hopefully, it can help you. :-)
What kind of fees can I expect to get a refund anticipation loan?
I am getting ready to file my taxes tomorrow and am wondering how much I can expect to pay to do a refund anticipation loan. Or am I even eligable. I owe for last year but am getting over ten times what I owe back this year. If I owe the state will they garninsh my federal refund?
What kind of fees can I expect to get a refund anticipation loan?
Oops, if you owe tax for last year, you cannot get a refund anticipation loan. This is because the bank does not know if the remainder of your refund will cover the loan. All it knows is that you have FMS debt and it will reject the loan.
And if you owe the state your federal refund may be offset to pay for the state. Not guaranteed, it depends on whether the state has notified FMS (the federal collection agency).
You can get the bank to accept your refund, pay the preparer, and pay you. Not a loan, and it takes a couple of weeks, but you should be eligible for that. The fees for this service would be about $30, in addition to your tax preparation fees.
Reply:Prices range from 30-150 dollars depending on where your taxes are done and how large your refund is. Report Abuse
Reply:DO NOT USE THESE LOANS! Under no circumstances are they worth it. If you used the same parameters of interest rates and fees as you would any other loan, it would be insane. The rates of interest you pay for these loans are from 40% to over 700%. Check out the attached link of the lawsuit.
You're better off living off of a credit card cash advance for the two weeks it will take to get the money... This sentence will never be uttered again in your life.
Reply:You'll pay lots.
If you owe for last year, your refund will be held up in any case for them to take out what they owe. So you wouldn't get an RAL, or get a regular refund in the normal time.
Reply:If you have a debt to the IRS, you won't be eligible for a RAL at all. If you owe any back taxes -- State or Federal -- your refund will be attached to settle the debt(s). This will delay your refund and since the RAL lender cannot get detailed information on your debt or the timeframe that your return will come through they will not lend you the money.
That's not such a bad thing though. Those RALs come with interest rates of up to 2,533% APR. I know loan sharks who don't charge that much vig.
At best, a RAL speeds up your refund by a week or two. The fees that they charge would be illegal for any other type of loan.
Reply:I doubt that will do a rapid since you owe for last year.Take advise file early and wait the two weeks. These place take way to much money and its not worth it we are talk over 20% probably. I made those mistake never again
What kind of fees can I expect to get a refund anticipation loan?
Oops, if you owe tax for last year, you cannot get a refund anticipation loan. This is because the bank does not know if the remainder of your refund will cover the loan. All it knows is that you have FMS debt and it will reject the loan.
And if you owe the state your federal refund may be offset to pay for the state. Not guaranteed, it depends on whether the state has notified FMS (the federal collection agency).
You can get the bank to accept your refund, pay the preparer, and pay you. Not a loan, and it takes a couple of weeks, but you should be eligible for that. The fees for this service would be about $30, in addition to your tax preparation fees.
Reply:Prices range from 30-150 dollars depending on where your taxes are done and how large your refund is. Report Abuse
Reply:DO NOT USE THESE LOANS! Under no circumstances are they worth it. If you used the same parameters of interest rates and fees as you would any other loan, it would be insane. The rates of interest you pay for these loans are from 40% to over 700%. Check out the attached link of the lawsuit.
You're better off living off of a credit card cash advance for the two weeks it will take to get the money... This sentence will never be uttered again in your life.
Reply:You'll pay lots.
If you owe for last year, your refund will be held up in any case for them to take out what they owe. So you wouldn't get an RAL, or get a regular refund in the normal time.
Reply:If you have a debt to the IRS, you won't be eligible for a RAL at all. If you owe any back taxes -- State or Federal -- your refund will be attached to settle the debt(s). This will delay your refund and since the RAL lender cannot get detailed information on your debt or the timeframe that your return will come through they will not lend you the money.
That's not such a bad thing though. Those RALs come with interest rates of up to 2,533% APR. I know loan sharks who don't charge that much vig.
At best, a RAL speeds up your refund by a week or two. The fees that they charge would be illegal for any other type of loan.
Reply:I doubt that will do a rapid since you owe for last year.Take advise file early and wait the two weeks. These place take way to much money and its not worth it we are talk over 20% probably. I made those mistake never again
How to find a best Graduate student federal loan?
Whould like to know where can find the best loan and what is the best rate of the Federal loan now.
How to find a best Graduate student federal loan?
here are a few sites:
student federal loan
www.studentaid.ed.gov/
lilac
How to find a best Graduate student federal loan?
here are a few sites:
student federal loan
www.studentaid.ed.gov/
lilac
Sunday, March 14, 2010
Can money from a 401k loan for a first time home go towards a down payment AND closing costs?
I know I can use a loan from my 401k towards the down payment. If I have some money left over from the 401k after that, can I use the rest for the closing costs?
Can money from a 401k loan for a first time home go towards a down payment AND closing costs?
yes!!!
Reply:If you took the money as a LOAN from your 401(k), you can use it ANY way you wish. If you WITHDREW the money from your 401(k), you WILL pay FEDERAL income tax on the FULL amount. I don't know if there is an exception from the 10% early withdraw penalty for home purchases.
Reply:That is one of the legit reasons 401k can be touched. Yes you can use any monies remaining for closing cost. The check should come in your name anyway.
Can money from a 401k loan for a first time home go towards a down payment AND closing costs?
yes!!!
Reply:If you took the money as a LOAN from your 401(k), you can use it ANY way you wish. If you WITHDREW the money from your 401(k), you WILL pay FEDERAL income tax on the FULL amount. I don't know if there is an exception from the 10% early withdraw penalty for home purchases.
Reply:That is one of the legit reasons 401k can be touched. Yes you can use any monies remaining for closing cost. The check should come in your name anyway.
Is there a law for loan applications establishing a timeframe that banks or credit unions need to respond by?
I applied for a home equity loan through a credit union, and it has been past 30 days. I have called and left messages and is trying to understand my options.
Is there a law for loan applications establishing a timeframe that banks or credit unions need to respond by?
No, they don't even have to respond to you at all. However, loan companies are leary about lending right now and everything is slower. I would certainly be asking the bank rep or broker what was going on and ask them to give you a time frame. You should have received a "truth in lending" statement with in the first 10 days after the loan app was approved. If you have not received this then that may indicate that they have not received your paperwork or they may have denied your request.
Reply:30 days is usually the norm, but now with the mess the real estate in this country is in, who knows. don't do phone calls. get down there and speak to them in person. they can avoid you too easily by phone. when you are there, demand (nicely) an answer. get there now.
Is there a law for loan applications establishing a timeframe that banks or credit unions need to respond by?
No, they don't even have to respond to you at all. However, loan companies are leary about lending right now and everything is slower. I would certainly be asking the bank rep or broker what was going on and ask them to give you a time frame. You should have received a "truth in lending" statement with in the first 10 days after the loan app was approved. If you have not received this then that may indicate that they have not received your paperwork or they may have denied your request.
Reply:30 days is usually the norm, but now with the mess the real estate in this country is in, who knows. don't do phone calls. get down there and speak to them in person. they can avoid you too easily by phone. when you are there, demand (nicely) an answer. get there now.
Can a loan company harasse my family to get info on my where abouts to repay the loan?
I don't have money right now to pay them back and they keep on calling my sister, asking where I am and whats my phone number because I moved and they don't have my new info. Right now I don't have money to pay them back. How can I make them stop calling my sister??? And can they go after my sister and get the money off of her??? She is not a co-signer in the loan.
Thanks for your answers
Can a loan company harasse my family to get info on my where abouts to repay the loan?
What you should do is be an adult and notify them of your new address - then they will quit bothering your sister. What you are doing now is hiding, plain and simple. Take some responsibility for your actions.
Reply:Hello Everybody,
My name is Joy Trust, i live in U.K. just a few month ago i was in search for a loan of € 7,000 Pounds as my family was running out of money for feeding and my education. i was scammed about € 520 Pounds and i decided not to involve my self in such business, finally colleague of my introduced me to a loan firm due to my appearance and doings. I made a trial and i am most grateful am i today, i was given a loan amount of € 9,000 Pounds by this great firm Luckson Loan Inc. managed by Mr, Jerry Luckson.
If you are in need of a genuine or legit loan or financial assistance and you can be reliable and trusted of capable of paying back at the due time of the funds i will advice you to, contact him via email jerryluckson41@yahoo.com and free from scams in the net.
Reply:They can't go after your sister if she didn't co-sign on the loan, and if they keep calling her she should tell them to stop calling and threaten to report them for violation of the Fair Debt Collection Act. She is under no obligation to reveal your whereabouts to anyone.
That being said, however, you have a responsibility to pay the loan, and trying to hide from it will only make matters worse in the long run. There's a good chance they'll work with you if you call them and explain your situation.
Reply:all she has to do is tell them that you don't live there and not to call again. if they don't do it she can the file a complaint with the BBB and follow it with the states attorney.
as for you the best thing you can do is call them and tell them your not working and have no money let them now whats going on.
they will try and put pressure on you to pay but if you don't have any money there is nothing they or u can do.
they can then lower your credit report and may en up suing you but that will not do any good if you are not working
Reply:Hello Everybody,
My name is Mrs Symone Roland and i live in the CANADA , life is worth living right now for me and my family and all this is because of one man sent by GOD to help me and my family, i once had a life filled with sorrow because my first daughter needed a kidney transplant and all our savings were going towards her medications and this normally leaves us with no money to pay our bills or even put enough food on our table and our rent was due and no funds to pay these bills and life felt so unfair to me and every night my daughter will cry herself to sleep every night until one day, i was browsing through yahoo answers and i saw a striking advert of a man that gives out personal loans and that the offer is opened to all and i have heard so many things about internet scams but at this point of my life, i was very desperate and ready to take any risk and at the end of the day, i applied for this loan and from one step to another, i got my loan within 48 hours through bank transfer and you know, it was all like a dream and i called Mr Frank Petti who is the GOD sent lender i found and said, i have received my loan and he smiled stating that to GOD be the glory and i was so shocked as i have never ever seen anyone with such a GOD fearing and kind heart and today, i am the happiest Woman on earth because by GOD'S grace, my daughter kidney transplant was successful and today she is healthy and i and my family are living very comfortable and happy and if you are in my former situation or is in serious and legitimate need of a loan, you can reach this GOD sent lender via frank_petti@yahoo.com
Reply:Email me at fort_bragg_girl@yahoo.com I will copy and paste a cease and desist letter for you to send to them it states you will only do business with the Original Creditor
Thanks for your answers
Can a loan company harasse my family to get info on my where abouts to repay the loan?
What you should do is be an adult and notify them of your new address - then they will quit bothering your sister. What you are doing now is hiding, plain and simple. Take some responsibility for your actions.
Reply:Hello Everybody,
My name is Joy Trust, i live in U.K. just a few month ago i was in search for a loan of € 7,000 Pounds as my family was running out of money for feeding and my education. i was scammed about € 520 Pounds and i decided not to involve my self in such business, finally colleague of my introduced me to a loan firm due to my appearance and doings. I made a trial and i am most grateful am i today, i was given a loan amount of € 9,000 Pounds by this great firm Luckson Loan Inc. managed by Mr, Jerry Luckson.
If you are in need of a genuine or legit loan or financial assistance and you can be reliable and trusted of capable of paying back at the due time of the funds i will advice you to, contact him via email jerryluckson41@yahoo.com and free from scams in the net.
Reply:They can't go after your sister if she didn't co-sign on the loan, and if they keep calling her she should tell them to stop calling and threaten to report them for violation of the Fair Debt Collection Act. She is under no obligation to reveal your whereabouts to anyone.
That being said, however, you have a responsibility to pay the loan, and trying to hide from it will only make matters worse in the long run. There's a good chance they'll work with you if you call them and explain your situation.
Reply:all she has to do is tell them that you don't live there and not to call again. if they don't do it she can the file a complaint with the BBB and follow it with the states attorney.
as for you the best thing you can do is call them and tell them your not working and have no money let them now whats going on.
they will try and put pressure on you to pay but if you don't have any money there is nothing they or u can do.
they can then lower your credit report and may en up suing you but that will not do any good if you are not working
Reply:Hello Everybody,
My name is Mrs Symone Roland and i live in the CANADA , life is worth living right now for me and my family and all this is because of one man sent by GOD to help me and my family, i once had a life filled with sorrow because my first daughter needed a kidney transplant and all our savings were going towards her medications and this normally leaves us with no money to pay our bills or even put enough food on our table and our rent was due and no funds to pay these bills and life felt so unfair to me and every night my daughter will cry herself to sleep every night until one day, i was browsing through yahoo answers and i saw a striking advert of a man that gives out personal loans and that the offer is opened to all and i have heard so many things about internet scams but at this point of my life, i was very desperate and ready to take any risk and at the end of the day, i applied for this loan and from one step to another, i got my loan within 48 hours through bank transfer and you know, it was all like a dream and i called Mr Frank Petti who is the GOD sent lender i found and said, i have received my loan and he smiled stating that to GOD be the glory and i was so shocked as i have never ever seen anyone with such a GOD fearing and kind heart and today, i am the happiest Woman on earth because by GOD'S grace, my daughter kidney transplant was successful and today she is healthy and i and my family are living very comfortable and happy and if you are in my former situation or is in serious and legitimate need of a loan, you can reach this GOD sent lender via frank_petti@yahoo.com
Reply:Email me at fort_bragg_girl@yahoo.com I will copy and paste a cease and desist letter for you to send to them it states you will only do business with the Original Creditor
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