Credit & Lending

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According to Investopedia, a signature loan is a personal loan that does not require collateral to secure, typically issued by a bank or other financial institution. The loan is issued based on the customer's signature on the loan papers and his word that the loan is to be repaid. Because the loan is unsecured, it is also sometimes called a character loan or good faith loan.

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  • How Do You Fix Your Credit?

    Q: How Do You Fix Your Credit?

    A: While there are no quick fixes for improving a credit score, there are steps to take to ensure that credit improves over time. According to myFICO, the first step is to make sure that the credit report is accurate and contains no incorrect late charges, delinquent accounts or any other negative items. Having an inaccurate item removed is one way to improve credit quickly.
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  • How Does a Voluntary Repo Affect My Credit?

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  • How Do You Check the Status of a Credit Card Application?

    Q: How Do You Check the Status of a Credit Card Application?

    A: In some cases, credit card applications completed online result in an instant credit approval. Other times, approval requires manual review by a bank employee. The procedure for determining a credit card application status varies from bank to bank.
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  • What Is a Credit Card's CVV Code?

    Q: What Is a Credit Card's CVV Code?

    A: A CVV number stands for the card verification value on a debit or credit card. On Visa, Discover and MasterCard, the three-digit number is located on the back of the card. A four-digit number is found on the back of American Express credit or debit cards.
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  • What Is a Promissory Note?

    Q: What Is a Promissory Note?

    A: A promissory note is a written financial record of the details surrounding a loan between two parties. It encompasses every aspect of the financial agreement and serves as documentation and proof of the transaction.
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  • How Do You Build Business Credit?

    Q: How Do You Build Business Credit?

    A: Building business credit usually involves setting up a business, acquiring all necessary legal and tax documents, and maintaining a good credit history. You also need to keep accurate books of accounts.The lenders normally access this information when approving business credit.
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  • Where Can You Find Lists of Free Student Scholarships?

    Q: Where Can You Find Lists of Free Student Scholarships?

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  • What Is a Pre-Approved Car Loan?

    Q: What Is a Pre-Approved Car Loan?

    A: A pre-approved car loan means that a buyer has gone through basic approval steps for a loan to buy a vehicle. Lenders pre-approve auto loan applications up to a certain amount, which allows a buyer to go to a dealership with a purchase limit in mind.
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  • What Are the Factors That Go Into Your Credit Score Calculation?

    Q: What Are the Factors That Go Into Your Credit Score Calculation?

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  • How Old Do You Have to Be to Get a Student Loan?

    Q: How Old Do You Have to Be to Get a Student Loan?

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  • What Is a Good Credit Score for a Car Loan?

    Q: What Is a Good Credit Score for a Car Loan?

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  • What Is the Mortgage Underwriting Process?

    Q: What Is the Mortgage Underwriting Process?

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  • How Do You Check Your Credit Score?

    Q: How Do You Check Your Credit Score?

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  • How Do You Ask for Financial Help?

    Q: How Do You Ask for Financial Help?

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  • How Do You Recover Money Owed?

    Q: How Do You Recover Money Owed?

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  • What Is the Difference Between Debt and Equity?

    Q: What Is the Difference Between Debt and Equity?

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  • What Is the Best Credit Score Site?

    Q: What Is the Best Credit Score Site?

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  • How Do Credit Card Companies Investigate Fraud?

    Q: How Do Credit Card Companies Investigate Fraud?

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  • What Is a Mortgage?

    Q: What Is a Mortgage?

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    Q: What Are Advantages and Disadvantages of Using Credit?

    A: The University of Nebraska-Lincoln explains that using credit is convenient and allows consumers to cover unexpected expenses; however, it can lead to overspending. In addition, consumers using credit typically spend more in fees and interest.
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