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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  • 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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  • 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 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 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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  • 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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  • 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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  • Q: What are some grants for debt relief?

    A: There are no federal grants to provide direct debt relief, states NoDebtToday.com. The government provides grants to nonprofit entities and other organizations for programs that help educate and counsel consumers to manage, refinance and consolidate debts but doesn't provide grants to consumers to pay off their debts.
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  • Q: How do you get a GMAC vehicle loan?

    A: As of 2015, GMAC vehicle loans are managed by Ally Auto, a branch of Ally Financial, according to CarsDirect. Loans from Ally Auto cover personal and business auto financing for all vehicles from the GM brand family, including Buick, Chevrolet and Maserati, according to Ally Auto.
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  • Q: Where can individuals make private money loans to others?

    A: Peer-to-peer loan websites allow accredited investors to lend their own money and make a profit from borrowers' interest payments, according to Yahoo Finance. Some of the most popular peer-to-peer finance websites include Lending Club and Prosper.
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  • Q: What is some information in a free simple loan contract?

    A: A simple loan contract includes information about both parties entering into the agreement, where they can be contacted, and how the loan is to be repaid, according to Document Templates. The payments can be scheduled over time or in a lump sum. If payments are not made in cash, the manner in which the payments are to be made should be delineated, such as through the use of a rental property.
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  • Q: How do you get a quick loan?

    A: In order to get a quick loan, fill out an application, wait for approval and sign the contract. There are independent companies that provide quick loans, such as LoanNow. Quick loans are less expensive in terms to APR rate, according LoanNow.
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  • Q: How do you pay your loan from Cash Central?

    A: A loan from Cash Central is paid back through automatic withdrawal from your checking account, says Cash Central. This is the same bank account that was used when signing up, as well as the same account in which the loan was originally deposited.
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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 direct lender installment loans?

    A: A direct-lender installment loan is one where repayment is required in a predetermined number of equal payments, and the borrower and lender deal together directly rather than through a third party, such as a mortgage broker. Mortgages that are not issued through a third party are examples of direct-lender installment loans. There is no middle-man, and equal payments are typically required on a monthly basis for 30 years.
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  • Q: What are some ways to borrow money quickly?

    A: Some ways to borrow money quickly include borrowing from friends or family members, getting a personal loan, or a credit card cash advance. Loans from friends pose the least financial risk of the these sources, states Lifehacker.
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  • Q: What is a HARP refinance loan?

    A: A HARP refinance loan can help a homeowner refinance his mortgage if he owes as much or more on his home than it's currently worth, notes HARP. To qualify, a homeowner has to be current on his mortgage and have one that is owned by Freddie Mac or Fannie Mae.
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  • Q: What are some options for debt relief?

    A: The options for debt relief include transferring card balances to a new card, signing up for a debt management plan and applying for a consolidation loan, according to Bankrate. A debtor can also enter into a debt settlement contract with the creditor to relieve the debt.
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