Personal Loans

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A conditionally approved loan is a loan approval based on the financial and credit information that an applicant has provided, and it is subject to final verification. Final verification includes employment and income verification, and additional documentation, such as pay stubs, bank statements and utility bills, is required before the loan is completely approved.

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  • Can You Get Payday Loans Without a Checking Account?

    Q: Can You Get Payday Loans Without a Checking Account?

    A: While it is possible to get a payday loan without a bank account, chances are that more information is needed in order for the lender to verify the applicant's income, says HowStuffWorks. The lender may charge higher fees for applicants who do not have bank accounts.
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  • What Does "conditionally Approved Loan" Mean?

    Q: What Does "conditionally Approved Loan" Mean?

    A: A conditionally approved loan is a loan approval based on the financial and credit information that an applicant has provided, and it is subject to final verification. Final verification includes employment and income verification, and additional documentation, such as pay stubs, bank statements and utility bills, is required before the loan is completely approved.
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  • What Is a Signature Loan?

    Q: What Is a Signature Loan?

    A: 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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  • Who Is a Co-Applicant on a Loan?

    Q: Who Is a Co-Applicant on a Loan?

    A: According to Investopedia, a co-applicant is a person who is seeking a loan in addition to the primary applicant. A co-applicant increases the chance for the loan to be approved.
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  • What Is a HARP Loan?

    Q: What Is a HARP Loan?

    A: HARP stands for the Home Affordable Refinance Program. A HARP loan provides a refinancing option intended for people who are able to stay current on mortgage payments but are in a financially adverse situation with their mortgage as a whole and owe the current value of their home or more.
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  • What Is the Difference Between a Grantor and a Grantee?

    Q: What Is the Difference Between a Grantor and a Grantee?

    A: The grantor is the seller and the grantee is the buyer. In terms of selling a home, for example, the grantor is either the owner or the company extending the mortgage and the grantee is the person buying the home.
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  • How Do You Write a Letter Requesting a Loan?

    Q: How Do You Write a Letter Requesting a Loan?

    A: A letter requesting a loan should be clear, provide all necessary information, and be typed using the standard fonts and format style on a computer word processor program, according to AviatekBank.com. Spelling and grammar errors should be avoided to appear as professional as possible, and it should use formal language.
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  • How Can I Get a Loan If I Am Unemployed?

    Q: How Can I Get a Loan If I Am Unemployed?

    A: To secure a loan while unemployed, search online for lenders that specialize in high-risk loans and have programs that do not require employment information on their applications. These applications can be completed in minutes. Be prepared to provide your address, Social Security number and bank account information.
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  • How Old Do You Have to Be to Get a Loan?

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

    A: In order to get a loan, an individual must be at least 18. According to CarsDirect, teens under age 18 remain minors, and legal contracts they sign are not binding.
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  • What Does "qualifying a Buyer" Mean?

    Q: What Does "qualifying a Buyer" Mean?

    A: In real estate, "qualifying a buyer" refers to a process of determining whether a buyer has sufficient finances to purchase a home, according to the National Association of Realtors. Qualifying a buyer helps the real estate agent know which homes are best to show the buyer. Items that qualify a buyer include credit score, income, debt ratio, down payment funds and mortgage pre-qualification from a bank.
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  • How Can You Obtain Cash Loans When You Are Unemployed?

    Q: How Can You Obtain Cash Loans When You Are Unemployed?

    A: You can get a loan while unemployed by borrowing against your home, utilizing co-signers or applying for a car title loan, explains About.com. The process might be more challenging as compared to a normal loan application.
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  • Q: What Is Included on a Promissory Note for Personal Loans?

    A: A promissory note includes a schedule repayment and a plan for making the payments, according to Expert Law. It identifies all parties to the loan, the amount of the loan, any interest, and any additional clauses the parties wish to add to the document.
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  • Q: What Are the Requirements for a PLS Payday Loan?

    A: The requirements for a PLS payday loan are having a bank account, a checkbook and photo identification, according to PLS. An applicant must also have a recent pay stub to verify employment and income.
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  • Q: Is Plain Green Loans a Scam?

    A: Plain Green Loans is operated by Plain Green, LLC, of the Chippewa Cree Tribe, which acts as a Native American sovereign nation within the United States. The company offers short-term loans at annual interest rates between 299 percent and 379 percent, according to Plaingreenloans.com.
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  • Q: What Are Some Lenders That Provide Foreclosure Bailout Loans?

    A: Lenders that offer foreclosure bailout loans are Alpine Mortgage Services, General Service and Prime Equity Mortgage, according to their respective websites. Distressed borrowers with a preference for private lenders should visit HardMoneyLLC.com and similar sites.
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  • Q: How Do You Get Tax Advance Loans?

    A: Get a tax advance loan from a company that offers them, or get an advance of tax preparation fees through major tax preparation services. As of the 2012 tax filing year, most banks and tax preparation offices stopped offering rapid refund loans due to new regulations, but Liberty Tax Services still offered the instant cash advance.
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  • Q: What Are Some Services of Zingo Cash?

    A: Zingo Cash is an installment loan company that provides loans for people with poor credit and helps them avoid the use of payday loans or cash advances, explains the company. While the firm still runs credit checks, Zingo Cash considers other factors and assesses individual cases to determine loan solutions that suit a customer's specific needs.
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  • Q: Where Can I Get a Bank Loan for a 17-Year-Old?

    A: A 17-year old is consider a minor, and minors cannot obtain loans on their own, according to CarsDirect. Many banks don't allow a minor to obtain a loan even with a co-signer. This is because a loan is a legally binding contract, and minors cannot enter into contracts.
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  • Q: What Is a Prepayment Penalty?

    A: A prepayment penalty is sometimes included in a mortgage contract as a deterrent to someone paying off a home loan early. The purpose is to protect lenders against a financial hit when a borrower immediately sells or refinances, thus paying off the loan, according to Investopedia.
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  • Q: What Is Crazy 88 Auto Sale?

    A: Crazy 88 Auto is a free service that matches lenders and car dealerships with potential car purchasers who have credit problems, to ensure the purchaser obtains a loan. The service has successfully assisted tens of thousands of customers to purchase vehicles despite issues including bankruptcies, student loan debt and foreclosures.
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  • Q: What Are Some Companies That Offer Online Payday Loans?

    A: Among the companies that offer online payday loans that are based in the United States are Speed Cash, LoanMart and MyCashNow. Those who are seeking to take out a loan online on their paychecks should be wary of scams involving online payday lenders. Some of these online lenders engage in unscrupulous practices that can leave the borrower in even deeper debt, notes the Federal Trade Commission (FTC) and the Better Business Bureau.
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