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 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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  • 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 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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  • 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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  • 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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  • 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 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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  • 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 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 Do You Get a Payday Loan With Bad Credit?

    Q: How Do You Get a Payday Loan With Bad Credit?

    A: Generally, payday loan companies do not review credit history before approving borrowers, as the Community Financial Services Association of America states. At its own discretion, a company may use a risk assessment report to find out whether an applicant already has an active payment status with another cash advance lender. Most lenders only require proof of income, a checking account and valid identification for approval, and they do not typically report these loans to credit bureaus.
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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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  • Q: How Do You Apply for a Loan at Security Service Federal Credit Union?

    A: To apply for a loan with Security Service Federal Credit Union, visit the bank's website at SSFCU.org. Click on the Loans and Credit tab, select the desired loan type, and click the View Rates and Apply link to complete an application.
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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: How Do You Apply for an Oasis Settlement Loan?

    A: Plaintiffs are able to apply for Oasis settlement loans online at Oasislegal.com, reports Oasis Legal Finance. The presettlement legal funding application asks for contact information of the plaintiff, date of the accident, state the case is tried in, type of case, and name and phone number of the plaintiff's attorney.
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  • Q: What Do You Typically Need to Get a Loan to Buy Land?

    A: When opting for seller financing, the requirements to obtain a loan for buying vacant land depend on the seller's criteria and usually include a mortgage on the land, good credit and proof of the capacity to repay the loan, states Nolo. A traditional bank loan for a land purchase requires adequate income to pay for the loan interest, great credit, a sound plan for repaying the loan and an appraised market value exceeding the loan's principal amount.
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  • Q: What Are Some Benefits of CashNetUSA Loans?

    A: As of 2015, some of the benefits of CashNetUSA loans include quick and easy online application, and the ability to receive cash the next business day, according the company's official website. The company provides assistance via customer service associates 24 hours a day, seven days a week.
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  • Q: What Are Some Ways to Get a Loan for Dental Work?

    A: In addition to financing dental care on standard credit cards or though equity loans, patients may also opt for dental-specific medical installment accounts with various requirements and terms, according to Dear Doctor. Finance companies that offer these revolving credit accounts include CareCredit, Prosper Healthcare Lending, Lending Club Patient Solutions and Dental First Financing, according to each company's website.
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  • Q: What Is the Western Sky Financial Scam?

    A: Western Sky Financial offers unsecured loans that have repayment periods of between one to seven years but have annual interest rates as high as 355 percent, according to DailyFinance This payday lender is based in the state of South Dakota and is Native American-owned. The company claims it operates under Native American laws, which allows it to circumvent state and federal criminal usury laws.
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  • Q: What Are Some Good Loans for People With Bad Credit Ratings?

    A: Personal loans, instead of credit cards and payday loans, offer a good option for those seeking to rebuild poor credit ratings, explains Avant. Personal loans often offer a lower interest rate, spread reasonable payments out over a manageable period of time and can build positive credit history when borrowers make payments on time. Borrowers should borrow from lenders who report to credit bureaus to ensure this positive history goes onto their credit report.
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  • Q: What Are the Rules for Taking Out an IRA Loan?

    A: Loans are not permitted from an Individual Retirement Account, states the Internal Revenue Service. If a loan is taken from an IRA, the account ceases to be an IRA and becomes subject to tax, unless the money is rolled over into an IRA account within 60 calendar days.
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