Is it possible to get a mortgage loan WITHOUT owning the land to put the house on?

Just some quick background info: My mom has a home on about 1-2 acres of land. We were hoping to order a manufactured home to put directly behind her house on HER property. The bank says that the land must be in OUR name in order to get a loan. Meaning my mom would have to deed us part of her property (which she doesn't necessarily want to do). My question is, in order to get ANY kind of mortgage loan, does the land HAVE to be in our name? Or is there some kind of provision my mom can sign giving us permission to do this?

Is it possible to get a mortgage loan WITHOUT owning the land to put the house on?

Technically, a loan for a mobile home is not a 'mortgage' if land is not part of the collateral. Credit unions and banks will sometimes lend money for the purchase and setup of a mobile home, but they're usually reluctant to do so because mobile homes, like cars, depreciate... unlike land (usually). Call around to local banks and credit unions to see if one will help you...but expect to borrow only about 75% to 80% of the NADA value of the mobile home. (NADA is the yellow valuation book used by bankers to determine the values of cars and mobile homes, as well as boats and motorcycles.)

Is it possible to get a mortgage loan WITHOUT owning the land to put the house on?

No I don't think so

Is it possible to get a mortgage loan WITHOUT owning the land to put the house on?

Contact a mortgage broker. A mortgage broker may have a contact who would be willing to make a loan to you, but it would be at a higher rate than you want and for a shorter time.

The reason for the high rate is that the value of the manufactured home would start depreciating right away. Normally when you have a mortgage, your house sits on solid ground that you are also buying, and the value of the house and land are considered together. The value of both together tend to rise over time, making it less risky for the bank to lend money.

What's the worst experience you have had with a client when processing and closing their loan?

My husband just had a client, whose loan was ready to go into closing, call him and request that he stop everything and turn over the appraisal to him so he could have his neighbor, who is also a loan officer, resubmit almost the same exact deal through the same bank. He's doing this because he doesn't want to p-off the neighbor. My husband has been doing this work for 15 years and says he's never had a client bend him over like that. Ofcourse my husband is asking for reimbursement for incurred expenses (I think he should be asking for origination fee too!), but who knows what's going to happen next.

What's the worst experience you have had with a client when processing and closing their loan?

I've been a broker now for over 7 years, and I've learned that buyers are not going to tell you if they don't like the service you are giving them. They are very touchy, and emotional. And whether you know it or not, they are always talking to someone else to get advice on the deal until they are completely comfortable with you. And if they do tell you they are going with someone else (which your lucky they didn't just stop answering the phone), they will never tell you the truth. It is more likely that the neighbor looked at the deal and said %26quot;they are ripping you off%26quot;. I find it important to be the 2nd opinion when it comes to a buyer, not the 1st. If a buyer brings me paperwork from another broker, believe you me I'm going to beat that deal. That is most likely what happened.

You can't take it personally, it's going to happen. If he's been doing it 15 years, I'd be suprised if this is honestly the worst thing that's happened to him. And it is illegal to collect an origination fee if the deal isn't closed. That is RESPA guidelines, which don't vary state to state when it comes to origination. I've worked tons on deals that never closed, had some fall apart right at the closing table!! But I've also had plenty of deals close that took little or no effort which makes up for the wasted time on the other one's. If your husband is good at what he does, then loans are not that hard to do. Nor do they take a lot of time if your dilligent and get everything you need up front.

As far as the appraisal goes, tell him to pound salt and get another one. If he stiffed you on the appraisal (since you were talking about money invested), then let it be a lesson to you that you should NEVER invoice appraisals. I don't ever! And it has yet to kill a deal for me. If anything, the buyer is less likely to disappear since THEY will have money invested.

Since your deal was all the way to closing, I can almost gaurantee that the neighbor told the borrower he could beat the deal. Maybe offer to drop the closing costs, or the rate to save the deal. The lender shouldn't let another broker send the same deal through a different company, and if they do, stop using that lender!!

What's the worst experience you have had with a client when processing and closing their loan?

I have had a few loans like that. The client should know that it will cost him whatever fees you husband has incurred and then I would sit on it for a awhile. That appraisal cant be transferred without your husbands approval. It would sit on my desk . By the time I released it the client would either go through with the loan with me or wish he had because of the frustration it will cause him.

What's the worst experience you have had with a client when processing and closing their loan?

*update*

For the person that gave me a thumbs down sorry.

What fees did you incure? Let me think? ZERO. only time.

I totally disagree with you. If your neighbor can do a better job on the loan, maybe your husband shouldnt be doing them.

I actually feel sorry for you that your husband sucks so bad at his job that this would ever happen.

What's the worst experience you have had with a client when processing and closing their loan?

That happens. Clients can be fickle. Your husband should tell the client that not p-ing off the neighbor is not a good reason to cancel the deal. The client should leave ONLY if he is getting a better deal, better service, or a more reputable company. If I were the client I wouldn't want to go with the neighbor anyway because I wouldn't want my neighbor to know all of my personal financial information.

If you qualify for a Stafford Loan of 3500...do you?

For sure get that amount when you pick the bank you are going to use?? This is my first time for a loan...

If you qualify for a Stafford Loan of 3500...do you?

Not sure what your question is. But hopefully this will help.

If you qualify for a Stafford Loan of 3500...do you?

They deposit it into your bank account and you have total control of it from that point.

If you qualify for a Stafford Loan of 3500...do you?

If I were you, I would Google Stafford Loan to find out how it works.

Auto loan possible?

I need an $11,000 car loan but have not so great credit(Equifax 610, Experian 617, Transunion 627). I'm planning on trying to get one at my local bank tomorrow but need some advise before I go. I do have 3 grand to put down. Any advise??

Auto loan possible?

If the bank won't the F%26amp;I department at the dealer will. Those aren't horrible scores, I've seen people get financed with much less. And you have 3k to put down. I would offer up 1k at first and negotiate from there

Auto loan possible?

Bring documentation of your income.

Auto loan possible?

its possible.. you might just have to pay a high rate for your loan. Have you tried to pre qualify for a loan to see how much credit you can get? Its a good way to know exactly how much u can get without affecting ure credit score. When you apply for a loan and get denied ure credit score drops a little bit.

http://www.finance-experts.com/car-loans...

Auto loan possible?

Try Richartds Loan Agency.

They give out home loans and Auto-loans with bad crdit.\

reach them through their email,Richards_loan_agency@yahoo.com

Auto loan possible?

I read your Article. I have applied for series of Loan in different loan companies online and end up loosing my money.I lost $2,400.00 in the hands those internet loan scammers, who claim to be loan lenders. I lost every penny i had till a friend directed me to Macro Loan House, were i applied for a loan of $46, 000.00 which was Approved and transfer to me. I will advcie you contact the company too for possible help. Company email: macroloans@gmail.com

Auto loan possible?

Hello,

My names are lisa Dave i live in united state of america i work in an industried i have two kids and i am christan,the good news here is that i get loan from simoni harry i have been scamm before until i met mr simoni harry then my case was over i advise every one to get there loan from mr simoni harry is a nice man.you can reach him at.Email: simoni_agency@yahoo.com

He is a Private Loan Officer for the above named company and he can be of Help to you. He can help you get the loan you require. His Interest rate of 0.4% is fair enough.

Mr simoni harry

Tel;447045769629

I get housing loan in instalments over 6 months;?

Bank says they will tell EMI (Equated Monthly Instalment) only when i get the last loan disbursement. How can i know in advance how much will be my EMI after the last instalment date? Please help %26amp; thanks in advance.

I get housing loan in instalments over 6 months;?

This is out of my range of experience. I have never dealt with the kind of loan that you are currently in.

My advice comes in three parts...

The first is to consult with a professional financial adviser who has the first hour consult appointment free.

A mortgage loan officer is likely who you would need to contact to answer this question with any capability.

Your bank should be able to give you some idea of what you need to have. I would go in and wait to talk to a loan officer, that is what they are there for.

I deal with people on the verge of filing bankruptcy, and people who are trying to get out of homeless / battered women's shelters. I am more of a social worker / financial adviser than what you would need with this complex loan agreement.

I am so sorry that I couldn't give you more help.

I get housing loan in instalments over 6 months;?

May be....

What is the statute of limitations on a federally backed home loan?

I defaulted on a federally backed (FHA) loan in 1997. The house was sold and I assumed the bank got their money. A collection agency called today on behalf of the USDA, and told me that I owed the difference from the sale plus interest. This is the first that I heard of this in almost ten years, and I figured that if I owed the govt, they would have tracked me through my tax returns and contacted me directly if some sort of limitation has not expired...

What is the statute of limitations on a federally backed home loan?

There is no statue of limitations on a default payment issued by the government . You defaulted and now you are going to get whacked with fees , interest , and the difference in what your house was sold for . Ouch . Will e-mail you some K-Y jelly cause they will come after you and burn you for the whole thing . Your credit report has got to be hurting too .

What is the statute of limitations on a federally backed home loan?

Not sure read smoe tips on loans on this site

What can I do about a bank executive that put me into a line of credit w/out my consent/knowledge?

I have two banks. In writing a check, I mistakenly grabbed the wrong check book and bounced a check (1st bad check in 14 years).

I immediately called the bank and spoke with a sales executive. He advised me to sign up for check protection so that this wouldn't happen again. Nothing else was discussed, no papers signed, nothing sent to me in writing.

I thought this was a gratuity by the bank for being a loyal customer, so I said ok; I had no idea this was actually a line of credit with finance charges, interest, and my personal credit report accessed (which lowers your credit score).

I didn't catch it on the first statement as I travel extensively, but I did catch it on the second statement. I called the bank. They refused to help me when I asked for a letter of deletion for the credit bureaus. I stated that there was no disclosure of any loan.

I took this up the chain of command. I feel that since there was no disclosure, this is illegal, and the bank refuses to help .

What can I do about a bank executive that put me into a line of credit w/out my consent/knowledge?

Sorry, but ONE hard inquiry does not lower your credit score

What can I do about a bank executive that put me into a line of credit w/out my consent/knowledge?

According to the representative at TransUnion, ONE hard inquiry does lower a person's score, and, it stays on a person's inquiry list for two years. Report It

What can I do about a bank executive that put me into a line of credit w/out my consent/knowledge?

If you did in fact agree to it it is completely legal, but you still should have received disclosures about the service and it should have been explained better. Generally the bank would require your signature for a line of credit, unless it is a credit card. Also when anyone pulls your credit it only affects your score by fractions of a point.

Bank financed real estate investments?

question: With the housing market in a slump and a record number of foreclosures do you think that it would be possible to maybe go to the bank and asked them to sell you lets say 10 forclosure property's and give you a loan for rehab? i would like to do this i currently flip houses and its true houses are not moving as fast but i have been selling and instead of doing one house at a time i would rather do a lump sum do you think this would fly and if so who would i pitch this to any help would be helpful... i mean its not like the houses are going anywhere anyways

Bank financed real estate investments?

I don't think so, because the banks have to follow equal opty lending laws. you could do it with different banks if you qual, of course.

How to finance my higher education, how much loan can I get...???

I am planning to do MBA soon. The tuition fee for the college is around $60K total . If I have around 10K in savings account. what is a better way to pay for fee.

1. to take a full loan or

2. to pay some with this saving and take rest as loan

and in both cases can I get the required amount as loan..??

what are the terms and conditions I would be required to fulfill to get the loan.

and do I need to show that I have $60k as a backup in bank accounts (mine / any relatives)in case I wouldn't be able to payback.

I think that I should keep the 10K safe aside for some other unforeseen purposes. Is it fine..

what do you think.

Thanx in advance for sharing ur knowledge.

How to finance my higher education, how much loan can I get...???

Talk to some other people in your field that have MBA's and see if it is paying off for them.

I work at a college and I am getting a lot of MBA's and even lawyers coming back to get certified to teach. The MBA never panned out for them.

How to finance my higher education, how much loan can I get...???

take a loan, im sure when you graduate and get a good job you'll be able to pay it back in a few years. (hopefully), but thats what im gonna do. and also work part-time on the side if you can. helps out a lot.

How to finance my higher education, how much loan can I get...???

I would first talk to the financial aid department at your school. They will have all the specifics and details.

I would save/invest the 10K for exactly what you said ... unforeseen purposes.

Students loans have a low interest. If you use you savings to take out a smaller and then later have some large bill that you decide to pay with your credit card that would be bad.

Now if you're talking about non-student loans, then I would want to kept that as small as possible. So in that case use your savings.

How to finance my higher education, how much loan can I get...???

Every lender and every loan will have slightly different criteria, terms, and conditions. Some lenders won't require you to prove that you have income or savings -- many just want to know that you have good credit (i.e. a history of paying on-time, few missed payments, and no more debt that you can handle).

*Some* lenders may require you to prove that you have income, sure, but they generally won't expect you to prove that you [or parents/friends] have the savings to pay off the loan (in other words, if you applied for $60K, they won't expect you to prove that you then *have* $60K.. that seems counterintuitive).

Get a copy of your credit report and see where you stand. Look on some lenders' websites to see what factors they consider when deciding whether to approve or deny an application. Then pick a lender whose terms/conditions play to your strengths. You might want to start with the list of private loan lenders on FinAid's website: http://www.finaid.org/loans/privatestude... .

If you feel more comfortable keeping your $10,000 in savings, do so -- how you spend your money is up to you. If you borrow the full cost of your education and *later* find out that you didn't use your $10K, consider paying off a lump sum of your loan. If you are that disciplined (financially), that may be the best way to make sure that you borrow only what you need while leaving yourself a %26quot;safety net.%26quot;

How to finance my higher education, how much loan can I get...???

Sallie Mae has loans for MBAs....you can find all the info on loan limits, eligibility, payment terms, etc. at http://www.salliemae.com/get_student_loa...

It's usually a good idea to get federal loan money first (typically the lowest interest rates) and then get private loan money, particularly if you have a co-signer with a good credit rating.

There's never a guarantee that you'll get a raise with an MBA....so borrow as little money as possible.

Good luck.

How to finance my higher education, how much loan can I get...???

You only have to demonstrate financial position if you are studying in the U.S. and are not a citizen or resident national. Basically, we don't want to have impoverished students stuck here.

By the price tag, I see you're going with one of the top twenty schools. Excellent. This is well worth going full-time to finish more rapidly and get more out of the degree.

If you decide to go full-time,take the loan and keep the savings, using a little bit to pay down interest every month.

If you decide to go part-time, let your employer take care of it.

What is the best type of installment loan for someone that only has credit cards?

I am rebuilding my credit and trying to improve my credit score. I have an SUV that I bought outright and only have credit cards ( A bank Visa, Mastercard, a couple of retail credit cards, gas card. I have no installment loans and I rent a home. I just added a Home Depot card to the mix and of course my credit score dropped. I use Wamu and they give you ways to rebuild your credit and analyze your score every month. This month it told me for the first time one of the reasons my score is the way it is is because I have no installment loans and I should have a good mix.. My credit score is still just below 680 which is required to get a decent loan interest rate so I don't want to really go into more debt until my big ugly repo from 2001 falls off next year which I%26quot;m sure will raise it considerably..( I made some mistakes when I was young) Can someone give me some advice?

What is the best type of installment loan for someone that only has credit cards?

That's a big question and hard to answer in a few words. Your credit score is calculated based on over 40 different items that are looked at, such as: too many inquiries, too many lines of credit, to FEW lines of credit, and so on. If you have large available balances on your credit cards that you don't need, you might have them reduced. This will lower your outstanding credit, as unused revolving credit balances count against you, as if you had used them, already. Credit inquiries lower it temporarily, if you applied for more credit from different sources. Possibly, a small furniture payment that reports to credit agency would help, if you opened the account and pay it off quickly, but be sure to look at how much the account origination fee is, in addition to the stated interest rate, as you don't want to pay too much for the item. Your interest rate will be higher, as it is an indication of risk from the loan extender, but a quick and favorable conclusion to the agreement should help. Obviously, after your repo is removed, you will get a boost, too. Hope that helps. Good luck.

What is the best type of installment loan for someone that only has credit cards?

Sorry, was trying to save words. If you have low balances on cards, but have a high credit limit, lenders consider that against you because you could quickly charge it all the way up AFTER they offer you credit terms, which would increase their risk in case you were unable to pay. Report It

What is the best type of installment loan for someone that only has credit cards?

THE BEST TIME OF INSTALLMENT IS A CAR NOTE!!!

I borrow money from loan companys online i they ripp people off they go in my account every time i g

loan companys keep taking more than what they supost to take out of my account every time i get paid my question is if i change my bank account numbers would they be able to take money out of there because these loans doesn't go to the credit report

I borrow money from loan companys online i they ripp people off they go in my account every time i get paid?

What you need to do id dispute this with your bank. They are not supposed to take out what ever they want. Tell your bank to cancel the auto draft payments. You send them a check every month for the correct amount. Or get a loan from the back to pay them off and be done with it.

Auto Loan: Should I pay my 8500 from my savings or just keep making payments until dec 2008?

Whats best? To pay off the auto loan and save approx 700$ over the period of 2 years, or just leave that money in the bank in my savings for emergency?

Auto Loan: Should I pay my 8500 from my savings or just keep making payments until dec 2008?

If you got an auto loan there's a good chance it was made under the rule of 78s - this is hard to explain but it basically means that much more interested is paid off during the first 21/2 of a loan term than the end - usually about 75% of interested is paid even though 50% of the time has gone by. They pack the interest payments into the beginning of the loan.

You will want to ask the company who gave you the loan if they were using the rule of 78s when they came up with the loan and payments schedule. It that rule is in effect for your loan you should just keep it and pay it off on schedule. It isn't worth it to pay early because you would in effect be paying a penalty.

The rule of 78 is totally legal for them to do.

I put search in for it and came up with a few links you may want to look into. this way you can kinda get an idea of what the rule of 78's is. Most consumers have no clue it's even out there. but it IS. We should ALL ask about this when purchasing a vehicle.

Auto Loan: Should I pay my 8500 from my savings or just keep making payments until dec 2008?

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Auto Loan: Should I pay my 8500 from my savings or just keep making payments until dec 2008?

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Auto Loan: Should I pay my 8500 from my savings or just keep making payments until dec 2008?

whats the APR

can you get a better APR on investments

theres obviously some break even point I dont know what that is and theres never an easy answer on what the future will be for rate of return

id pay off the loan and then you could take the money that you would use to pay off the car to put into an investment, thats just me

Auto Loan: Should I pay my 8500 from my savings or just keep making payments until dec 2008?

Do you need the $8500 for emergencies more, or is the $700 going to make a difference in your life?

The normal solution: High interest rates means invest, low interest rates means borrow.

I wouldn't blow my savings just to save $700 personally. What if a crisis happens tomorrow, and you need emergency cash? What if a tornado hits your house and takes the car also?

Auto Loan: Should I pay my 8500 from my savings or just keep making payments until dec 2008?

It always depends on your personal situation. I like to payoff the vehicles. It gives yourself a raise as far as cash flow. You have that payment as free cash. Unless it is a business vehicle there are no tax advantages. If you keep paying the loan your making your lienholder richer. Each person must decide. I would pay it off.

Auto Loan: Should I pay my 8500 from my savings or just keep making payments until dec 2008?

paying off car loans will drop insurance (if required in your state) premiums and take away the payment each month. some banks have a penalty for paying off loans early, so i would check and see if your bank has one and if they do how much it is, and decide if it's worth it from that

I've not been charged for a loan?

I took out a loan nearly a year ago and, although there was a three month payment 'holiday', the bank hasn't taken any of the repayments out since. Will I get away with paying nothing? Have you ever had experience of a bank coming after you for repayments after they've made a similar error?

I've not been charged for a loan?

You need to contact them as soon as possible, I used to work for a credit card company (among other financial services companies) and it will be in your credit agreement for the loan that the payments have to be made as specified, it is their mistake if they haven't taken the direct debit but in the eyes of the law it is your responsibility to make sure that the payments are coming out when they are supposed to even if a direct debit is set up to cover it.

I had a friend whose car insurance came out of his account via direct debit and one month when the insurance company didn't request the direct debit (there was sufficient money in the account) they cancelled his insurance due to non payment, and as always happens that was two days before he had a bad crash, the insurance company refused to pay out and he was prosecuted for driving without insurance, the fact that it was down to the insurance company's mistake made no difference.

Banks have to pay out direct debits by law (as long as there is enough money to cover it in the account) but if the loan company doesn't request the payment (which is what will probably have happened here, even if your loan is from the same bank as your account it will usually still behave as if it was from a seperate company, and may even be from a separate company) then your bank isn't at fault and you won't have much legal backing to cover you.

If you contact them before they contact you, then you will be in a much better position to ask them to refund any charges/penalties that they have applied to the account, and it will show as missed payment's on your credit record so the longer you leave it the worse it will look. A few missed payments on your record are not really a problem, especially if you add a note explaining why they were missed and that it was down to a bank error (visit the experian or equifax websites to do this, and also to check your record) but if it goes on for a while it will count against you when you are trying to obtain credit in future.

The sooner you contact them the better, it will save you a lot of time and money in the long run, because if you miss a certain number of payments they can request that the loan be repaid in full immediately (this is a standard clause, check your credit agreement as it may not apply but you can bet it will), and although you should still be able to sort it out, it will be a lengthy and stressful process.

Hope this helps, and good luck getting it sorted out.

James.

I've not been charged for a loan?

No they'll let interest keep piling up until they take your house away. No pressure.

I've not been charged for a loan?

Sorry to say, but they will eventually figure it out...leave it be for now and let sleeping dogs lie.

I've not been charged for a loan?

put the money away for now, in case someone remembers... you'll get interest and your credit rating will soarrrrrrrr....

on your 65th have a blow out? sounds good to me :-)

I've not been charged for a loan?

in my experience they always find you eventually and it's usually better for you if you go to them first

I've not been charged for a loan?

Sooner or later the bank will realise it's mistake and then you are going to suffer!!!

It will be your fault. You should have paid anyway. You should have told them.

I hope you have been saving enough money for the repayments you have missed, because they will want these, plus penalties for not warning them, plus blood, no doubt, eh?

I've not been charged for a loan?

i would be honest about the loan and call them so you wouldn't have to worry about sudden surprises

I've not been charged for a loan?

just do what i do, deal with it when the time comes, when those robbing B****rds figure out there mistake just blame them!

Its up to them to take the money

As far as your concerned, you thought the money was being taken out!

Good luck.

I've not been charged for a loan?

lucky guy- but karma will catch up. There is the fact that when a loan is taken out that they do take your bank details to make sure direct debits get taken out. So i would try and blame the bank for not taking the payments as instructed by the dd- by law they are to take the money on order of a dd so you're still safe in terms of blame. They cannot downgrade your credit scoring based on an error they've failed to recognise on time. So long as you have been putting away the money that you were supposed to have been paying them on a monthly basis in a high interest account- i think you'll be good to pay it back and you'll have accumulated some interest on the 'free' money you got from the loan. You're safe for now unless the british banking code of practice has other little things that read between the lines.

I've not been charged for a loan?

it will catch up with you.contact the bank.

I've not been charged for a loan?

I would be sorely tempted to not say anything,after all they make millions off us,but I would be worried about them charging me interest on all the missed payments.

Its up to you,if you come clean you will always wonder if you may have got away with it.

I've not been charged for a loan?

why worry babe keep your mouth shut and say nothing, its time someone got something from the banks. Lets face it they cant charge you anymore if they realise , it was there fault. lolol good on you.

I've not been charged for a loan?

banks never forget. put so much by each month.or contact them and tell them

I've not been charged for a loan?

When they do an audit they will ask for all the overdue repayments at once.

I've not been charged for a loan?

I would tell them has the interest will be mounting up.When they do discover the error they will come after you.Plead ignorance %26amp; tell them you have only just realised that way you can fight any added interest they will slam on.Good Luck

Can't pay higher home loan payment but willing to sell?

My interest only loan rate is jacking up a ton in a few weeks and I'm working on refinancing right now. My credit rating is 618 and the refinancer is still looking at options but I have a feeling it's not going as smoothly as possible. I want to prep myself for the worst. I'd like to talk to my bank and ask them to work with me next month and I'll speak to my real estate agent next week and start putting my place up for sale. If there are any bankers out there, what are my options with the bank? What do I say to them? How do I go about this? Can I get a reprieve until I sell my place (I'm going back to renting for a while)?

Can't pay higher home loan payment but willing to sell?

Many feel your pain. Here, locally, many of our foreclosures are a result from adjustable rate mortgages and mortgage brokers initiating escrows on unimproved property taxes, then a year later, when mortgage companies have to adjust taxes calculated against improved property tax assessments, the adjustment raises their monthly mortgage out of budget, hence, foreclosure results. The worst part is that it could have been avoided had the unaware buyer not fallen prey to predator lending.

While I don't know the particulars of your situation, it doesn't hurt to ask your mortgage company if they'll accept a Short Sale. Basically, it's an upside down sale collecting less than what's due, but it'll save your credit and save you from filing bankruptcy. Only your mortgage company can say whether or not you can do a short sale.

Personally, if I don't get a satisfactory answer, I'd call again and speak with someone else, preferrably someone in authority at your mortgage company. If after calling enough times you continue to get the same answer, then you'll know you've gotten the right answer. I only suggest this because your situation is life altering and you're in dire need of getting set in the right direction.

Bless your heart. I sincerely hope you can re-finance..

Always keep in mind for future reference: 1) adjustable rate mortgages are often best left to the transferees who know they'll only have the property for a short period; 2) if one day you're buying a newly constructed home and financing with escrows, make sure they've calculated your taxes on improved property taxes upfront; 3) get educated first on the different loans before financing or even re-financing, and get the one best suited to your current and future status and lifestyle.

Best of luck. I sincerely hope, whatever the outcome, that it all works out to your benefit.

.

Can't pay higher home loan payment but willing to sell?

Your troubles are affecting millions of Americans today and the banks don't like it any more than you do,yes call your mortgage company and talk with them.Explain you want to keep your home and ask them to refinance you in a loan that's a fixed rate.Most company's will work with you and honestly a credit score of 618 is good enough to qualify you a new mortgage.

Can't pay higher home loan payment but willing to sell?

I agree with that answer.

Question about applying for a small business loan?

I am currently overseas in Iraq. I am unable to come home anytime soon. My Godfather and i are trying to get a small business loan. He has a Power of Attorney and he went down to the bank and basically the told him they cant do it cause I'm not there. Please if there is anything anyone knows please let me know. Thanks

Question about applying for a small business loan?

He could apply for a loan himself. And if the loan is actually for you, you should be able to do it through the mail, as in signing and stuff.

Personal loan APR issue?

Can anybody tell me how the APR is applied on loans, I know it stands for Annual Percentage Rate.

I'm fixing to get a $5000 loan with an APR of 14.99% with a 24 month term paying $243 a month.

My main concern is that if on my first payment I do $600, my balance will be $4400, Will the bank be applying the 14.99% to that amount making it come up to $5,059.56 and then the next month I pay another $600 - $5,059.56= $4,459.56. So now I've paid the annual APR so on my third bill will be for $4,459.56 I'll be making a payment for the same amount $600 to have a balance of : $4,459.56 - $600 = $3,859.56.

HAVE I UNDERSTOOD IT WELL ?

AM I STILL WRONG?

Please if any of you have better knowledge about how this is applied yearly, monthly, etc. Do not hesitate to give me some briefing.

Thank you very much

Joshua.

Personal loan APR issue?

Whether the interest rate is applied on a daily or monthly basis depends on the terms of your loan.

If it is applied monthly, for your first payment (assuming that it is 1 month after you got the money), you would take 14.99%/12 = 1.24917%, multiply that times $5000 = $62.46. So for your first payment of $600, $62.46 would be applied to interest and the remaining $537.64 would pay off principal. So you would have a new balance of $4462.46

Then, for your next payment, the interest calculated the same way, would be $55.74, and your new balance would be $3918.20. After 3 payments, your balance would be $3367.14. You would have the loan paid off in 9 months.

Even if the loan is compounded on a daily basis, using the monthly basis should get you pretty close, and it's a lot less work. To calculate using a daily basis, you need to divide the 14.99% by 365, and build a spreadsheet that adds the interest to the balance each day, figure out the exact day your payment will be credited and then use the spreadsheet to determine how much of the payment is principal vs. interest.

If you use the monthly method to determine your approximate interest, and then update your exact balance every month, it will be a lot less work, and you should still be within a few dollars one way or the other.

Personal loan APR issue?

You take the balance and multiply it by .0125 to see what the interest is for that month. (1.25 is 14.99/12*100 )

For Instance:

$5000 - 600 = 4400

$4400*.0125 = $55

$4400 +$55 = $4455

Personal loan APR issue?

the hiddne idea here is the annual yield which takes into account compound interest. The yield is always a bit more than the actual rate...good news if you are saving and bad news if you are paying off

If you were a member of Congress, would you support the concept of a national bank today?

In support of your choice, use an example such as the Chrysler loan to illustrate the benfits or dangers of a national bank.

If you were a member of Congress, would you support the concept of a national bank today?

Well, the Constitution gives Congress the direct authority to mint money, and a national bank was determined as the most effective way to handle the distribution.

It's not an issue of whether there is a national bank. It's a question of who can authorize loans like that.....

If you were a member of Congress, would you support the concept of a national bank today?

No, there are plenty of %26quot;national%26quot; banks already. We also have the Fed.

The %26quot;Chrysler loans%26quot; from the government were loan guarentees in case Chrylser went out of business. The gov didn't actually loan money to Chrylser. They don't do that.

If we have a national bank, doesn that mean all private banks and CU go away? No way would that fly.

the gov has no business running a retail bank or any offshoots of such a concept. The federal reserve is a different story and has more to do with currency and monetary policy than pure banking/lending etc.

If you were a member of Congress, would you support the concept of a national bank today?

There already IS a national bank. That is the bank that handles all of the money transactions between banks that citizens normally use, and also handles the federal governments own banking needs. It exists in the District of Columbia (DC) and is exempt from all normal banking laws since DC is not a state, nor is it even a part of the US officially.

If you were a member of Congress, would you support the concept of a national bank today?

I would support anything that ousted twisted Federal Reserve System. Witch is not even part of the government!

If you were a member of Congress, would you support the concept of a national bank today?

In support of your choice, use an example such as the Chrysler loan to illustrate the benfits or dangers of a national bank.

If you were a member of Congress, would you support the concept of a national bank today?

Well, the Constitution gives Congress the direct authority to mint money, and a national bank was determined as the most effective way to handle the distribution.

It's not an issue of whether there is a national bank. It's a question of who can authorize loans like that.....

If you were a member of Congress, would you support the concept of a national bank today?

No, there are plenty of %26quot;national%26quot; banks already. We also have the Fed.

The %26quot;Chrysler loans%26quot; from the government were loan guarentees in case Chrylser went out of business. The gov didn't actually loan money to Chrylser. They don't do that.

If we have a national bank, doesn that mean all private banks and CU go away? No way would that fly.

the gov has no business running a retail bank or any offshoots of such a concept. The federal reserve is a different story and has more to do with currency and monetary policy than pure banking/lending etc.

If you were a member of Congress, would you support the concept of a national bank today?

There already IS a national bank. That is the bank that handles all of the money transactions between banks that citizens normally use, and also handles the federal governments own banking needs. It exists in the District of Columbia (DC) and is exempt from all normal banking laws since DC is not a state, nor is it even a part of the US officially.

If you were a member of Congress, would you support the concept of a national bank today?

I would support anything that ousted twisted Federal Reserve System. Witch is not even part of the government!

What is the difference between a retail installment contract and a loan agreement for an auto loan?

I received the car loan through the dealer and I have received a pay amount/terms from the bank. The contract I received from the dealer is a Retail Installment Contract. Does the bank purchase that contract from the dealer, and will it change?

What is the difference between a retail installment contract and a loan agreement for an auto loan?

Yes the bank does purchase the contract from the dealer. No it will not change. The contract you signed if all was approved and arranged will be the terms of you loan.

The retail contract should disclose all information like total financed, down payment, if you bought any extended warranties etc their price will reflect in there as well. It also lines out the terms of repayment such as length of the loan and interest rate. It will give the monthly payment and the due dates of payment.

One of the lenders the dealer works with will buy the paper/contract from the dealer. The terms of the contract will not change just because a bank buys it.

What is the difference between a retail installment contract and a loan agreement for an auto loan?

Yes, the car dealers deal with banks who give them a kickback for getting a lot of new loans for the bank......your best bet would have been to call around to several banks and credit unions and arrange for your own terms...the dealers will never tell you that though.......many car dealers are very unscrupulous and give you loans at much higher rates depending on how much they think they can fleece you.......

Auto Loan: Should I pay my 8500 from my savings or just keep making payments until dec 2008?

Whats best? To pay off the auto loan and save approx 700$ over the period of 2 years, or just leave that money in the bank in my savings for emergency?

Auto Loan: Should I pay my 8500 from my savings or just keep making payments until dec 2008?

If you got an auto loan there's a good chance it was made under the rule of 78s - this is hard to explain but it basically means that much more interested is paid off during the first 21/2 of a loan term than the end - usually about 75% of interested is paid even though 50% of the time has gone by. They pack the interest payments into the beginning of the loan.

You will want to ask the company who gave you the loan if they were using the rule of 78s when they came up with the loan and payments schedule. It that rule is in effect for your loan you should just keep it and pay it off on schedule. It isn't worth it to pay early because you would in effect be paying a penalty.

The rule of 78 is totally legal for them to do.

I put search in for it and came up with a few links you may want to look into. this way you can kinda get an idea of what the rule of 78's is. Most consumers have no clue it's even out there. but it IS. We should ALL ask about this when purchasing a vehicle.

Auto Loan: Should I pay my 8500 from my savings or just keep making payments until dec 2008?

Very Good Answer.

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Auto Loan: Should I pay my 8500 from my savings or just keep making payments until dec 2008?

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Auto Loan: Should I pay my 8500 from my savings or just keep making payments until dec 2008?

whats the APR

can you get a better APR on investments

theres obviously some break even point I dont know what that is and theres never an easy answer on what the future will be for rate of return

id pay off the loan and then you could take the money that you would use to pay off the car to put into an investment, thats just me

Auto Loan: Should I pay my 8500 from my savings or just keep making payments until dec 2008?

Do you need the $8500 for emergencies more, or is the $700 going to make a difference in your life?

The normal solution: High interest rates means invest, low interest rates means borrow.

I wouldn't blow my savings just to save $700 personally. What if a crisis happens tomorrow, and you need emergency cash? What if a tornado hits your house and takes the car also?

Auto Loan: Should I pay my 8500 from my savings or just keep making payments until dec 2008?

It always depends on your personal situation. I like to payoff the vehicles. It gives yourself a raise as far as cash flow. You have that payment as free cash. Unless it is a business vehicle there are no tax advantages. If you keep paying the loan your making your lienholder richer. Each person must decide. I would pay it off.

Auto Loan: Should I pay my 8500 from my savings or just keep making payments until dec 2008?

paying off car loans will drop insurance (if required in your state) premiums and take away the payment each month. some banks have a penalty for paying off loans early, so i would check and see if your bank has one and if they do how much it is, and decide if it's worth it from that

If you were a member of Congress, would you support the concept of a national bank today?

In support of your choice, use an example such as the Chrysler loan to illustrate the benfits or dangers of a national bank.

If you were a member of Congress, would you support the concept of a national bank today?

Well, the Constitution gives Congress the direct authority to mint money, and a national bank was determined as the most effective way to handle the distribution.

It's not an issue of whether there is a national bank. It's a question of who can authorize loans like that.....

If you were a member of Congress, would you support the concept of a national bank today?

No, there are plenty of %26quot;national%26quot; banks already. We also have the Fed.

The %26quot;Chrysler loans%26quot; from the government were loan guarentees in case Chrylser went out of business. The gov didn't actually loan money to Chrylser. They don't do that.

If we have a national bank, doesn that mean all private banks and CU go away? No way would that fly.

the gov has no business running a retail bank or any offshoots of such a concept. The federal reserve is a different story and has more to do with currency and monetary policy than pure banking/lending etc.

If you were a member of Congress, would you support the concept of a national bank today?

There already IS a national bank. That is the bank that handles all of the money transactions between banks that citizens normally use, and also handles the federal governments own banking needs. It exists in the District of Columbia (DC) and is exempt from all normal banking laws since DC is not a state, nor is it even a part of the US officially.

If you were a member of Congress, would you support the concept of a national bank today?

I would support anything that ousted twisted Federal Reserve System. Witch is not even part of the government!

How do bank robbers do it?

I've just read that bank robberies have sky-rocketed. I used to work in a bank as a language consultant and was involved in two robberies, but those days the banks didn't have any bullet-proof glass! How do these guys do it? Last time I was in South Africa, I couldn't even get an interview for a home-loan because I didn't have any identification!

How do bank robbers do it?

Uhhh, they take their ID楹搒 with them ... ?

How do bank robbers do it?

They belong to the South African Bank Robbers Union [SABRU]

How do bank robbers do it?

I don't know, but if you find out let me know, I need some cash.

How do bank robbers do it?

VERY CAREFULLY !

How do bank robbers do it?

A gun in the face opens many a door.

How do bank robbers do it?

I don't know man. I watch Reseviour Dogs umting times and I still can't figure out how robbers get a way with it. Perhaps now they have resorted to ingenuous methods that involves an inside person. I mean if you persuade someone who works at bank about perfect robbery, I am sure one is bound to bite. Bottom line is this. I understand that banks have a lot of money, but what is the actual percentage of successful bank robberies that been done where the crooks haven't been caught.

I understand the want of a big score, but wouldn't you think heisting a bunch of isolated gas stations then fleeing the country have a better effect.

Stay away from banks because you will eventually get caught.

How do bank robbers do it?

Very very easy. There is always someone on the inside. That way they always know what the best and fastest way is to do it. And if you stare down the barrel of a gun you will open any door. This they know.

How do bank robbers do it?

Why ask me?????????? Ask them!!!!!

How do bank robbers do it?

Sorry, but I cannot give away my secrets.

How do bank robbers do it?

Everything is planned to the last detail like in the army.

And of cause you must have nerves of steel.

The is a weakness in everything its like what the lawyers say there is no bulletproof contract.

I want to take out a car loan but..?

..how many months or years do i have to show that my wages is getting paid into my bank account?.. the reason why i am asking is because i need to loan the money as soon as possible... thanks

I want to take out a car loan but..?

Auto finance is what I do for a living and it all depends on your score and profile.

If your score and profile are average or above, you will not have to prove anything.

If on the other hand it's not, it will then depend on the lenders guidelines. Some require 2-years of tax returns, others only require a recent paycheck stub.

The only way to know for sure is to go to your dealer and let them tell you. Without looking at your credit no one here can actually give you a accurate answer.

I want to take out a car loan but..?

Welcome car finance ask for 2 months proof xx

I want to take out a car loan but..?

I dont think it matters. I was only working from november and got one in january last year...

I want to take out a car loan but..?

As long as you have a permanent job, not a short term contract, I don`t think it matters providing you have been their a couple of months.The loan will probably have insurance built in should anything befall your position in the future.

I want to take out a car loan but..?

Some car loan companies don't even ask for proof of income, as they all check your credit report. Although some still request that information for verification purposes or so that they may consider your application more thoroughly.

Even if they do, some only ask for the recent or upto 3 months worth of your documents.

Also if you are buying a new car, check if their financing deals are good which may end up being better than your car loan.

Fake cashiers check Nigerian Car Scam and Bank regulations question!?

Hello

Ive had a relative get scammed out of 20K by a Nigerian. SHe was selling her car on autotrader and someone wrote her saying that he was an American agent of a Nigerian citizen who was interested. However the Nigerian was going to send 1 check to my relative in the amount of 20K and she was suppose to send the rest to the Agent as part of the commission. So a cashiers check arrives in 2 days and it looks genuine (water mark and everything) and she takes it to the bank. After 1 day she withdrew 7K to send to wire to the agent. 3 Days later the bank calls and is threatening to arrest her for fraud, they seize her accounts, her mothers accounts, and put a lein on her car. They hold all these things as collateral for the 27 K %26quot;loan%26quot; until she repays it. On top of it all the loan is at a rediculous APR, and they never gave any type of proof! Obviously it was a fake check but the bank never once tried to do anything judicial. Is there anything she can do, shes only 21!

Fake cashiers check Nigerian Car Scam and Bank regulations question!?

Not really.

Fake cashiers check Nigerian Car Scam and Bank regulations question!?

She needs to talk to the police, and possibly the FTC about being the victim of the Nigerian scam. She needs to learn how to recognize scams.

She should be able to get out of it, but she put herself in a terrible legal position by not knowing better. It's very hard to get out from under this scam.

Fake cashiers check Nigerian Car Scam and Bank regulations question!?

I would get a lawyer.

You may also be able to get a politician to help too. Nigerian scams are becoming a big issue, and many legislators, governors and other politicians are trying to make a name for themselves by helping with consumer protection. At least write your senator.

Fake cashiers check Nigerian Car Scam and Bank regulations question!?

the bank has no cause against who wrote the check, but with the person depositing it. unfortunately, she should not have used any of the money until the check cleared. had she waited, they would have simply reversed the deposit in her account. and the only way they would %26quot;sieze%26quot; her mothers accounts, is legally, if her name is on the account. i am sorry this happened to them, but it is not the banks fault. why should the bank pay for her getting scammed?

Fake cashiers check Nigerian Car Scam and Bank regulations question!?

To report fraud directly to the Federal Trade Commission, call 1-877-FTC-HELP, or go to http://www.ftc.gov.

----------------------------------

Always Remember this : All spam emails are scams.

my Advice: Don't deal with anyone from a foreign country or Accept checks from strangers and never use wire/bank transfer services.. you

risk losing your $$ and your mind.

Fake cashiers check Nigerian Car Scam and Bank regulations question!?

Below where I say %26quot;you%26quot; ... substitute name of your relative or whoever this happened to

There are several things you need to do, and do them as rapidly as possible. If you are not in the USA you will need to contact the corresponding organizations in your nation, such as the British serious fraud office http://www.sfo.gov.uk/

* Keep a log of all conversations you have with the authorities and financial people about this situation

* Make a police report ... from the police, get a case #

* Make a report to the Secret Service ... include the case # from local police

* Notify all 3 credit bureaus that you have been victimized and need to put a hold on your credit before you get victimized again ... give them the case # from local police

* Make a statement of the facts to the bank involved, and include case # from local police %26amp; send a copy of that statement to the 3 credit bureaus, because otherwise they are advertising that you are some kind of crook

* 100% of the bank accounts you had with that bank are now at risk of being attacked by the Nigerian crooks ... as you get your financial life back together, you will need to have all new accounts

* Make a report to auto trader

* Contact the insurance company that you use to insure your property from financial crimes ... you do have such a policy don't you? I pay $ 40.00 a year for mine ... include the case # from the local police ... if you do not have such a policy, I suggest you get one ASAP, because your troubles are only beginning

* You might want to extend the time to get answers here another 3 days

While some people say you should contact the FTC or FBI about this, the government agency in the USA in charge of dealing with this particular kind of crime is the Secret Service. They protect the President and the Treasury ... our banking system, our currency.

I suggest you find the closest federal building to where you are located, and go to the Secret Service in person

http://www.secretservice.gov/field_offic...

http://www.secretservice.gov/contact_fcd...

http://www.secretservice.gov/faq.shtml

If there is no Secret Service office near where you live, then instead locate the nearest district office of US Attorne General ... you make your report there ... tell them you are a victim of the advance fee fraud. Provide the local police case #, and all details of the mess you now are in.

There are a ton of crooks out there in the real world, and in the Internet world.

Here is a link to information about the Nigerian scam, which has morphed into a bunch of other variants like what happened to you

http://www.knujon.com/depscam.html

Here are the 3 credit bureaus

http://www.equifax.com/home/

http://www.experian.com/

http://www.transunion.com/

The FTC can help guide you in dealing with the mess.

They can do nothing to extricate you from it.

http://www.ftc.gov/bcp/consumer.shtm

If your relative has sent the 7k wire, cannot get that back.

It sounds to me like the 20k could not clear because it was fraudulent, so your relative owes the bank the 7k you took out, plus any interest and charges for being involved in a fraud, knowingly or not knowingly.

It does not matter to the bank whether your relative knew it was a scam ... a phony check got deposited. Under banking laws, you get to withdraw a portion right away (the 7 k) and must wait for the 20 k to clear before you can access it all ... so it looks very suspicious to the bank that you deposited a phony check, and withdrew the max against it.

However, the 7k wire transfer may have given the crooks enough info about your account to take more than 7k from your account.

The bank does not know which of your assets are real, and which are part of the fraud it thinks you are perpetrating, so it is seizing all that it cam. This is another reason why you should not do all your banking business with one bank.

When you use a credit card, debit card, checking account etc. you have some financial protection against such shenanigans ... if you report the problem promptly, you only stand to lose the first $ 50.00 of the fraud against you, the banks take the rest of the loss, but your relative did not use a credit card, used raw bank transfers, which do not have that kind of protection.

However, I am in the process of paying down all my credit cards and closing my credit card accounts, because computer breaches from non-Internet places is at epidemic proportions.

This can get much worse if you do not act swiftly.

More of your financial assets can be swallowed up.

Your life can be at risk.

This is the international mafia you are now in bed with.

Secure Home for a Loan?

I am looking for a loan, between $25,000 and $50,000. I have about $28,000 in equity in my home, but b/c I am self employed and using bank statements to state my income banks are not willing to give me 100% of the equity more or less go above the 100% to give me the $50,000 I really need. Is there another way that maybe I can get a loan and use my home as collateral to get the money I need? Please only legitimate answers. Thanks

Secure Home for a Loan?

To be honest, there is no other way. The 125% option will not allow for stated income or bank statements. Not only that, the interest rates on that program are unbelievably high - upwards of 17%.

Definitely not something I would recommend.

How long can a bank keep a delinquency on a credit report?

Back in 1997, I ran into some financial trouble and took out a loan for the balance on a mobile home I once owned. I defaulted on the loan that year, but it is still on my credit report. I wrote letters to the bank and to the credit reporting agencies, and this is still on my credit report. This is the only bad credit/delinquency I've ever had. I would appreciate any suggestions.

How long can a bank keep a delinquency on a credit report?

you defaulted

that does not take it off the banks books

they may carry that forever and continue to report it.

it depends on the bank

but that is so long ago most creditors aren't even going to look at it.

if that is the only problem you ever had it has no effect on your credit score, most creditors would just ask you for a letter explaining what happened if they even noticed it. generally creditors look at the last 3 years of payment history and then look at public records (bankruptcies ) for the last 10 years.

How long can a bank keep a delinquency on a credit report?

I have always been told seven years. But people are complaining that old records aren't getting deleted the way they used to.

Personal loan with good credit score?

Hi guys, I have a question. I need a personal loan for about $8k and I've checked my score and I have above 700. Now my question is....I apply before when I had nearly 700 but my bank told me that my score was still %26quot;young%26quot; I've have some accounts open but they are less than a year. So honestly, do I have good chances to get a loan? what places that you personally dealt or not with would you recommend me? thank you!

Personal loan with good credit score?

from personal experience, i got a credit card that has a low interest rate instead of getting a loan. if you search hard enough, you can find cards that offer better rates than what you would have on a loan. sometimes you can find no interest for 6 months or a year which is a great deal. but dont be late on a payment, or they start adding interest at that point. just search low interest credit cards on yahoo. or you can call your current credit card company and ask if they can lower your interest rates, they often do this, especially if you have good credit.

Personal loan with good credit score?

A FICO of 700 should qualify you for a signature loan. Do you have access to a credit union? That would be your best bet.

Personal loan with good credit score?

Check with your local credit unions. They've usually got good rates and are a little more lenient.

Chances of getting a loan?

What are the chances of me getting a loan (please answer if you have knowledge or dealt with getting a loan yourself)

I am 21 years old have around 20k saved up in my bank account and have had a regular income of over 500 euro a week for the last 6 mouths.

I need around 40k for a car, What my chances?

(please no scammers posting saying they can get me money blah blah blah)

Chances of getting a loan?

I really doubt it...beacuse if you make 5000 a week meaning u make 2000 a month...u wont pay all your income 2000 per month for the loan beacuse u need to spend on food and rent and all that sort of stuff.... And you are young as well i really doubt it sorry!

But you can always try!

Good luck hope you get the loan!

Chances of getting a loan?

You should go and pre-qualify for your auto loan at your selected bank(s). That way you will know your costs and options before you shop to purchase.

Depending on how much downpayment you are willing to place?

Chances of getting a loan?

Go to bank, and try to get loan from the bank. Just follow their procedure.

Chances of getting a loan?

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

Chances of getting a loan?

My name is eddie i resides here in Boston. I have been able to secure loan from a private lender. Mr, .Lomax milton. He is a private lender in united kingdom. Im testifying to his services that he is geunine and reliable. The loan im using now in refinancing my bussiness here i boston in states was obtained from LOMAX MILTON LOAN INVESTMENT. I do here by adviced you with all sincerity and with no doubt that you should contact the said private lender. Email:lomaxmilton_loan_investment@yahoo.... THE RELIABLE PRIVATE LENDER WITH LOW INTEREST RATE. CUSTOMER-FRIENDLY

How do i get a small loan without any credit?

i'm 18 and i need to build up my credit. I cant get my own cell phone w/out any. My bank wont give me a credit card and they wont led me a loan.

How do i get a small loan without any credit?

The only way to get a cellphone is if you pay a secure deposit,,,,,,,at least 200 dollars

if you want to know about how to build your credit I can help you with that for free......

e-mail me (if you want)

serginho_pool@yahoo.com

How do i get a small loan without any credit?

If you have collateral be a start. You can get a cell phone. Try Trac phone, pay as you go might help build credit, and some others have pay as you go policies. You buy a card with minutes every so often and purchase one time the phone.

How do i get a small loan without any credit?

If you have cash, you could have your bank set up a secured credit card. This is a card that is back by the money you have in your account and will only alow you to spend what is there. Or, you might check out a site called Prosper at www.prosper.com.

How do i get a small loan without any credit?

I hope your mom or dad have good credit. I also hope you are responsible so your parents can trust you and want you to succeed. Have your parents co-sign on something. Cell phone, loan for a fast 4-wheeler, what ever intrigues you my friend.

How do i get a small loan without any credit?

You can start by getting a department store credit card (i.e Sears, Target) and using that for a bit and that will establish your credit record. Hopefully you'll then be able to get a credit card from your bank.

You can also have someone co-sign for you but then they will be responsible to pay it back if you default.

Perhaps you should just get a %26quot;pay-as-you-go%26quot; phone and then you won't need a credit card.

How do i get a small loan without any credit?

small loan

I got a loan from cash in advance a few months ago and since lost my job.(see more....)?

I called them and told them that i was beginning a new job and i would be in in 2 weeks to pay them off. Now i have received a letter from the bank stating that i owe them 285.00 for insufficiant funds because they have tried 9 times to get the money out of my bank. So I called cash in advance back and asked them what was going on that i thought that we had an aggreement, but they said in addition now I owe them 285.00 in fees I only owe them 130.00 for the loan but now i am in dept almost 800.00 what can i do or where can i go for help. i am a single mother of 2 and don't have that kind of money. please if anyone out there has a solution to my problem please tell me.

I got a loan from cash in advance a few months ago and since lost my job.(see more....)?

There is really nothing you can do, in Georgia, they had a news program on about the cash in advance loans, it is a legal ripoff and there is little you can do once you sign the contract.

I got a loan from cash in advance a few months ago and since lost my job.(see more....)?

Just appeal in court.

I got a loan from cash in advance a few months ago and since lost my job.(see more....)?

First, don't pay them. Make sure that your rent and utilities are paid, and that there's food on the table. Second, Let them sue you for the money. It will cost them more than 800 bucks to do this, so they won't pursue it. It will ding your credit however. If eventually, you can pay them, try to get them to agree to a settlement for some percentage of the balance.

I did a purchase agreement for $ 50,000. To include closing cost. The bank approved this amount.?

The seller has came back after his real asking price of $49,000. Says yes he will pay the closing cost if I will pay 53,000 for the house. He says the house should appraise for the 53 amount. Do I go to the bank and tell this and see if they will up my loan or do I shop eles where for a house. My agent said go ahead with offer. It would only change my payment $6 a month. I'm thinking of the 30 years here.

I did a purchase agreement for $ 50,000. To include closing cost. The bank approved this amount.?

If you like the house and its a good deal then go through with it..........if not, go elsewhere.........

After I read that again I say tell the seller its 50,000 + closing or nothing....if you agreed to 50 then the seller should not change it..........tell him 50 or you will find a house somewhere else......if he wants to sell it bad enough he will take it.

I did a purchase agreement for $ 50,000. To include closing cost. The bank approved this amount.?

huh?

I did a purchase agreement for $ 50,000. To include closing cost. The bank approved this amount.?

People are doing this all the time today, but make sure it will appraise out. That's the hard part in our current market. Your bank should be fine with this as long as it's all known up front. I've done many appraisals for loans of this sort. Buyers don't have as much liquid money right now and a few extra bucks for closing costs could really put a hurt on them, so sellers are working with them to differ costs.

I did a purchase agreement for $ 50,000. To include closing cost. The bank approved this amount.?

The sellers can pay as much as 3% of the closing costs if you're not making a downpayment. That's $1500 of closing costs on a $50000 loan. Depending on the lender -- is there an origination fee or points -- this may not be enough. Ask the lender how to set this up. What we would do would be say the seller can pay 3%, period. If you're making a downpayment, that percentage could be different.

I did a purchase agreement for $ 50,000. To include closing cost. The bank approved this amount.?

might be real hard to do. The mortgage market is real tough without showing that you put hard money into the transaction.

I did a purchase agreement for $ 50,000. To include closing cost. The bank approved this amount.?

I think you should go ahead with the offer. Honestly it's not that much what they are asking g for $6 more is nothing plus your already in the process just inform your bank of the changes they should be able to adjust quickly n get you your loan. Hope this helped.

I did a purchase agreement for $ 50,000. To include closing cost. The bank approved this amount.?

If the seller already signed the purchase contract, then the deal is done. If he is contesting it, I would seek an attorney's advice.

If the seller has not signed, then you need to determine if this is the house you really want and that the price change does not matter enough to you to warrant backing out of the deal.

I did a purchase agreement for $ 50,000. To include closing cost. The bank approved this amount.?

It all depends on how badly you want this particular house and how badly the seller wants to sell.

To me, 50 grand is 50 grand. It's what you agreed on, so tell him %26quot;Take it or leave it, mr seller.%26quot; Your realtor says do it because that three grand adds money to his pocket (not much but some) and he doesn't want to see his commission slip away.

The numbers you are working with are flawed, btw. 12*6=72 and 72*30 = 2160 which is not even close to 3,000 not to mention the fact that this will have interest added to it.

I did a purchase agreement for $ 50,000. To include closing cost. The bank approved this amount.?

seller is not allowed to pay certain closing costs - mortgage company won't even allow it - just go with the original deal - I think he wants the money for something else

I did a purchase agreement for $ 50,000. To include closing cost. The bank approved this amount.?

First off, if the home is worth it to you, sign on the dotted line and accept their counter offer. The bank does not have to approve it at this point. You need to get it under contract and then work towards your conditions.

If the bank later says that they will not approve the loan, you can cancel out of the contract - just make sure your Realtor keeps an eye on the Loan Approval Deadline.

If you think the home is worth only $50,000, then you go back to the Seller with your original offer and say that's all you'll pay. He/she can take it or leave it. It is a buyers market in many parts of the country, and if the seller really wants the home gone, he/she will accept it. If the person cannot accept that amount, keep looking.

Best of luck to you!

I did a purchase agreement for $ 50,000. To include closing cost. The bank approved this amount.?

It will change your payment ALOT more than $6.00 per month.

The agent is also a poor one...they seller didn't give you anything...YOU are paying for the closing cost because the seller UPPED the price of the home.

In essence, you got nothing.

I would reject the offer (unless you have fallen in love with the house), and NOT ONLY shop for another house, but another agent that won't hand you hogwash such as your payment on $4,000 will only cost you $6.00 a month and that you got a good offer.

It's not a deal I would recommend, as a Realtor.

PS: The maximum seller concession would be around $3,000 per month or just a couple hundred over...banks have a strict limit of 6% OR LESS...I have never seen one allow for more. That is another indicator that you have an inexperienced Realtor...everyone that has worked in real estate for any length of time knows that.

Loan help - advice?

To cut a long story short I got into a bit of debt - around 13k mark.

Now im looking for a loan of around 15k to pay everything off and have one monthly payment.

Im 24 - work - been with my bank for 23 years - they wont give me one.

My score is not good.

So for now ive gone with a debt management company which is helping a bit.

Ive looked in most places (I am in the UK) and wondering if anyone else has been in the same place as me.

I dont want to be with Debt management anymore, I want to sort this for myself.

Thanks

Loan help - advice?

I'm glad you want to want to do it yourself. If you don't have a written budget already, make one. When you do that, you realize exactly where your money is going, and won't be tempted to borrow money anymore. Now, as far as getting out of debt goes, there are two methods most financial advisers recommend. The first method is the %26quot;debt snowball%26quot; method. This is how it works:

* List all debts in ascending order from smallest balance to largest. This is the method's most distinctive feature, in that the order is determined by amount owed, not the rate of interest charged. However, if two debts are very close in amount owed, then the debt with the higher interest rate would be moved above in the list.

* Commit to pay the minimum payment on every debt.

* Determine how much extra can be applied towards the smallest debt.

* Pay the minimum payment plus the extra amount towards that smallest debt until it is paid off.

* Then, add the old minimum payment from the first debt to the extra amount, and apply the new sum to the second smallest debt.

* Repeat until all debts are paid in full.

In theory, by the time the final debts are reached, the extra amount paid toward the larger debts will grow quickly, similar to a snowball rolling downhill gathering more snow (thus the name). The theory works as much on human psychology as it does on finance; by paying the smaller bills first, the individual, couple, or family sees fewer incoming payment requests as more bills are paid off, thus giving the impression that they are making headway towards debt elimination.

The other method is to list debts smallest to largest according to their interest rate and paying off the balances in that order. Everything else is the same as the first method.

The second method tends to be the one that saves you a little more money in the long run, but the debt snowball method let's you see the progress you are making and is less likely to be given up on. For more info, go to the source given.

Loan help - advice?

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Loan help - advice?

A second mortgage can be the first step to climbing out of debt, especially for homeowners who have bad credit. A second mortgage is a loan taken out in 閳ユ笩econd position閳?on a property that already has a mortgage. There are fixed-rate loans, adjustable-rate loans and home equity lines of credit (also known as HELOCs). Fixed-dollar-amount mortgages are the way to go when you need all the money at once. A HELOC is a credit line that can be drawn upon as needed up to the limit of the loan.

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If I make money off the internet (my websites, ebay, etc) is it hard to get a loan?

I wish just wondering, because I do all of my work online, I don't work for an actual company, I just earn money from selling advertising space, and selling a lot of stuff on ebay.

So how would I tell this to a bank or other place that would offer loans?

If I make money off the internet (my websites, ebay, etc) is it hard to get a loan?

Are you making a living? I'm not being hateful with that question - it's a legit question and that's something you'll have to be able to prove to your lender. Do you file taxes on your income - have a bookkeeping system - actually run your online business like a legitimate business?

You are considered self-employed, and self-employed people get loans all the time. But - they run legitimate businesses, legitimately! Again - I'm not being disrespectful in any way! You'll be fine as long as you can provide the documentation that you're on the up-%26amp;-up!

Good Luck!

If I make money off the internet (my websites, ebay, etc) is it hard to get a loan?

You would tell them just like you did here!

Most likely, yes it will cause a problem because you need proof of income. Usually they will just ask you for your last 2 pay stubs. If you keep records (which I hope you do!) you can try bringing that with. Good luck!

If I make money off the internet (my websites, ebay, etc) is it hard to get a loan?

I am a small business lender. We would want to know where the income is coming from. It's fine if it comes from the Internet, as long as the income is relatively stable. You'll need to claim it on your taxes though.

Help!! I got a payday loan from the internet, someone stole my account number, and I am being threat

I was in a tight spot a month or so ago, and I applied for a payday loan from the most reliable looking site I could find. They submitted all my information to several other companies. Then someone stole my checking account number from that transaction. They kept taking money from my account, so I closed it, per the bank's advice. I recieved a very threatening call from this %26quot;CMG Group, LLC%26quot; and they threatened to come get me at work and take me to Florida to go to jail for fraud. They stated it was file downloading fraud and bank fraud. They told me they would %26quot;ruin my life%26quot; and %26quot;make sure I could never be employed again%26quot;. I had a hard time understanding the woman, so I asked for her supervisor. He said %26quot;You are bad and now you go to jail forever.%26quot; He then hung up. I have the number they called from on my caller ID, but they won't let me talk to anyone from CMG to settle this.

I never took a loan with these people. Does anyone know what I should do?

Help!! I got a payday loan from the internet, someone stole my account number, and I am being threatened!?

A quick search of the net suggests that you are not alone with these people.

From now on, insist that all correspondence be in writing and that you will not entertain any proposal made over the phone.

Just about every bona fide lender knows CMG or another company like them and there's little chance they will report the account to the credit reporting agencies. If they do, demand that the agency get a full accounting before it becomes part of your record.

That crap they are spewing about your going to jail is just that. Not a chance so don't go sweating it. Even if it was fraud, they have to be able to prove intent. Then they would have to pay to have you extradited to Florida......I really don't think so.

As far as I'm concerned, they've lost all credibility with their idle threats.

Help!! I got a payday loan from the internet, someone stole my account number, and I am being threatened!?

This same thing happened to me. They said that I consented to the loan which I didnt. but they take like 60 dollars from my account every 2 weeks. You can call this number 1.866.516.9300 I am about to put a stop payment on my account. I don't know who these people are but they are a scam. Report It

Help!! I got a payday loan from the internet, someone stole my account number, and I am being threatened!?

get a lawyer. tell them that your identity was stolen. itll cost you thousands of dollars but they'll at least get the creditors straightened out.

Help!! I got a payday loan from the internet, someone stole my account number, and I am being threatened!?

Immediately dispute it with your bank.

Check your credit reports, if something's on there, dispute it immediately, file fraud alert with them, then alert the cops and get a police report.

Help!! I got a payday loan from the internet, someone stole my account number, and I am being threatened!?

Of course all of these threats ar illegal and they can not do any of that.

Record all of thier calls, contact your state attorney generals office

How do I go about applying for a small business loan?

-I'm 22 yrs old.

***Am I too young to be approved for a business loan?

-I am about $4000 in debt (from medical bills only) but I have small monthly payment plans that I'm keeping up with.

***If you can prove that you are paying your debts off and that they are only medical related---can you still be approved for a small business loan?

***What is the minimum amount they usually give for a small business loan? What is the usual amount?

***When applying for one, do you apply in person, or on paper? Do you have a chance to show your business plans to the bank? Because I want them to know how profitable it will be, and how quickly I'd be able to pay the loan back.

Basically what I'm asking in all of this is:

Is applying for a small business loan very black and white, or does it all depend on if they trust that your business, specifically, will be successful enough to pay back the loan?

***********Also: Any tips?

How do I go about applying for a small business loan?

Just curious, what kind of business do you plan on opening? Because I'm the same age and looking to open my own business as well, but not sure what I want to do. Thanks.

How do I go about applying for a small business loan?

a bank will look at you buss plans, but what they really base their decision on, is if you will be able to pay them back with interest. they will look at your credit. remember that alot of small business close down their doors every day, that is a risk also for the bank. they Willl look at a solid business plan, credit history, and ability to pay back the loan. try a credit union, they give better rates. is you business going to be a corporation or not? those things they wil look at.

Can I safely open a savings account at a Credit Union when I have a restraining order on another ban

The restraining order is on a different savings account from a different bank for a judgement against me for a defaulted car loan.I want to know if I am able to open a savings account with another credit union and if my paycheck being direct deposited into it will be safe.

Can I safely open a savings account at a Credit Union when I have a restraining order on another bank?

just pay your bills!

credit reporting agencies will find out about a new account and ultimately this will be garnished as well.

Bank and credit help please! I need to get this turned around!!!!!?

Ok, so i've made a few or bunch of mistakes when it comes to my personal finances and credit. If you could offer advice it would be greatly appreciated.

I've been living by cashing my paychecks and using money orders for the last year. I had a death in my family which lead to a loss of job and my BofA checking account going over it's limit. I owe $770 to them. First, is there any possibiliity that considering my circumstances they would give me a second chance if i have direct deposit? I take home just over 3k per month, all of which i could have deposited directly from my employer to the bank. If you don't think this is possible, do you have a reccomendation for a bank willing to take a risk on someone?

Also, my credit score is around 600. I got a car loan two months back with insane intrest, but i'm hoping that making the payments will build my credit. If i have outstanding debt from 10 years ago, is it worth it to get my credit report and clear these items? Please help!10pts.

Bank and credit help please! I need to get this turned around!!!!!?

If you offer to pay the money, they may reopen your account. It happened to me with another bank, years ago. Plus, anything other than bankruptcy shouldnt stay on your reports more than 7 years.

I want to take out a car loan but..?

..how many months or years do i have to show that my wages is getting paid into my bank account?.. the reason why i am asking is because i need to loan the money as soon as possible... thanks

I want to take out a car loan but..?

Auto finance is what I do for a living and it all depends on your score and profile.

If your score and profile are average or above, you will not have to prove anything.

If on the other hand it's not, it will then depend on the lenders guidelines. Some require 2-years of tax returns, others only require a recent paycheck stub.

The only way to know for sure is to go to your dealer and let them tell you. Without looking at your credit no one here can actually give you a accurate answer.

I want to take out a car loan but..?

Welcome car finance ask for 2 months proof xx

I want to take out a car loan but..?

I dont think it matters. I was only working from november and got one in january last year...

I want to take out a car loan but..?

As long as you have a permanent job, not a short term contract, I don`t think it matters providing you have been their a couple of months.The loan will probably have insurance built in should anything befall your position in the future.

I want to take out a car loan but..?

Some car loan companies don't even ask for proof of income, as they all check your credit report. Although some still request that information for verification purposes or so that they may consider your application more thoroughly.

Even if they do, some only ask for the recent or upto 3 months worth of your documents.

Also if you are buying a new car, check if their financing deals are good which may end up being better than your car loan.

I've not been charged for a loan?

I took out a loan nearly a year ago and, although there was a three month payment 'holiday', the bank hasn't taken any of the repayments out since. Will I get away with paying nothing? Have you ever had experience of a bank coming after you for repayments after they've made a similar error?

I've not been charged for a loan?

You need to contact them as soon as possible, I used to work for a credit card company (among other financial services companies) and it will be in your credit agreement for the loan that the payments have to be made as specified, it is their mistake if they haven't taken the direct debit but in the eyes of the law it is your responsibility to make sure that the payments are coming out when they are supposed to even if a direct debit is set up to cover it.

I had a friend whose car insurance came out of his account via direct debit and one month when the insurance company didn't request the direct debit (there was sufficient money in the account) they cancelled his insurance due to non payment, and as always happens that was two days before he had a bad crash, the insurance company refused to pay out and he was prosecuted for driving without insurance, the fact that it was down to the insurance company's mistake made no difference.

Banks have to pay out direct debits by law (as long as there is enough money to cover it in the account) but if the loan company doesn't request the payment (which is what will probably have happened here, even if your loan is from the same bank as your account it will usually still behave as if it was from a seperate company, and may even be from a separate company) then your bank isn't at fault and you won't have much legal backing to cover you.

If you contact them before they contact you, then you will be in a much better position to ask them to refund any charges/penalties that they have applied to the account, and it will show as missed payment's on your credit record so the longer you leave it the worse it will look. A few missed payments on your record are not really a problem, especially if you add a note explaining why they were missed and that it was down to a bank error (visit the experian or equifax websites to do this, and also to check your record) but if it goes on for a while it will count against you when you are trying to obtain credit in future.

The sooner you contact them the better, it will save you a lot of time and money in the long run, because if you miss a certain number of payments they can request that the loan be repaid in full immediately (this is a standard clause, check your credit agreement as it may not apply but you can bet it will), and although you should still be able to sort it out, it will be a lengthy and stressful process.

Hope this helps, and good luck getting it sorted out.

James.

I've not been charged for a loan?

No they'll let interest keep piling up until they take your house away. No pressure.

I've not been charged for a loan?

Sorry to say, but they will eventually figure it out...leave it be for now and let sleeping dogs lie.

I've not been charged for a loan?

put the money away for now, in case someone remembers... you'll get interest and your credit rating will soarrrrrrrr....

on your 65th have a blow out? sounds good to me :-)

I've not been charged for a loan?

in my experience they always find you eventually and it's usually better for you if you go to them first

I've not been charged for a loan?

Sooner or later the bank will realise it's mistake and then you are going to suffer!!!

It will be your fault. You should have paid anyway. You should have told them.

I hope you have been saving enough money for the repayments you have missed, because they will want these, plus penalties for not warning them, plus blood, no doubt, eh?

I've not been charged for a loan?

i would be honest about the loan and call them so you wouldn't have to worry about sudden surprises

I've not been charged for a loan?

just do what i do, deal with it when the time comes, when those robbing B****rds figure out there mistake just blame them!

Its up to them to take the money

As far as your concerned, you thought the money was being taken out!

Good luck.

I've not been charged for a loan?

lucky guy- but karma will catch up. There is the fact that when a loan is taken out that they do take your bank details to make sure direct debits get taken out. So i would try and blame the bank for not taking the payments as instructed by the dd- by law they are to take the money on order of a dd so you're still safe in terms of blame. They cannot downgrade your credit scoring based on an error they've failed to recognise on time. So long as you have been putting away the money that you were supposed to have been paying them on a monthly basis in a high interest account- i think you'll be good to pay it back and you'll have accumulated some interest on the 'free' money you got from the loan. You're safe for now unless the british banking code of practice has other little things that read between the lines.

I've not been charged for a loan?

it will catch up with you.contact the bank.

I've not been charged for a loan?

I would be sorely tempted to not say anything,after all they make millions off us,but I would be worried about them charging me interest on all the missed payments.

Its up to you,if you come clean you will always wonder if you may have got away with it.

I've not been charged for a loan?

why worry babe keep your mouth shut and say nothing, its time someone got something from the banks. Lets face it they cant charge you anymore if they realise , it was there fault. lolol good on you.

I've not been charged for a loan?

banks never forget. put so much by each month.or contact them and tell them

I've not been charged for a loan?

When they do an audit they will ask for all the overdue repayments at once.

I've not been charged for a loan?

I would tell them has the interest will be mounting up.When they do discover the error they will come after you.Plead ignorance %26amp; tell them you have only just realised that way you can fight any added interest they will slam on.Good Luck