Jan 08
Question by Mike D!: How can you go about getting a personal loan from a bank? What collateral do you usually need?
I will probably need to replace my car soon, but I don’t know that I want a traditional car loan because it would require having more insurance, and thus be rather expensive for me. (It’d be about double for me, as I don’t have a spotless driving record). I was wondering if instead I could get a personal loan from the bank, say in the neighborhood of -5K and use that for a car thus saving me a bunch of money by not needing collision coverage if I could pay for the car in cash.
Now the questions … is this possible, or is there usually some stipulation that you can’t use a personal loan for a car? What sort of collateral do you usually need for a personal loan? If you have good credit, can you get one w/out collateral? Any info would be greatly appreciated! Thanks!
Best answer:
Answer by WhiteWolf359
I don’t know what state you live in, but in Florida you are required to have collision insurance for at least ,000, even if you own your car. As to personal loans, yes, if you have good credit, you can usually get one with no collateral. Just explain to the bank that you want the money to purchase a new car, and arrange a repayment schedule based on your current income. Most banks will do that.
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Jan 07
The “Mortgage Professor” answers critical homemortgage questions This value-packed consumer reference by a nationally syndicated mortgage columnist is indispensable for anyone looking to secure a home mortgage. The Pocket Mortgage Guide answers 50 of the most commonly asked mortgage questions, including: How can I find the lowest-cost lender? Should I choose a 15-year loan or a 30-year loan? What is PMI and how can I cancel it? How large a mortgage will I be able to afford? What will my monthly mortgage payment be? What is a “debt ratio” used for and how is it calculated? What is a home equity line of credit and what should it be used for? The book also provides valuable interest amortization tables and is the perfec
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Nov 20
If you are in need of rebuilding your credit history and equity, believe a creditor has wronged you, or your want to get out of debt now this book will open your eyes to the hidden truth that the credit card companies, credit reporting agencies, and credit repair companies have been hiding from you.
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Steps to avoiding credit card debt, the most common and serious case of debt accumulation.
How to check and choose the best credit interest rate…What to ask and clarify before choosing your credit card with the lowest rates.
Summarizing your debts is very important – I’ll show you real life examples of how I summarize my debts correctly and create a formula to pay them all off.
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Free Wireless Credit Card Terminal - New Business Special Pkg - Bad Credit OK
Free Retail Cash Register w/CC Processing - Bad Credit OK -Free Pin Pad Included
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Oct 30
Question by MLRatyahoo: 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 00 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?
Best answer:
Answer by kavicarter
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.
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Sep 17
Car ownership might seem out of reach for you if you have no credit or bad credit, but it doesn’t have to be that way. There are so many options out there to not only allow you to buy a car of your own, but also to help you establish or re-build your credit. All you need is some know-how and diligence. This book will provide the know-how, you provide the diligence and it’s a done deal!
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