Personal Loans

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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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  • 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 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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  • 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 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 "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 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 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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  • Q: How can you get a loan today?

    A: To obtain a loan, investigate what type of loan is required, where to get it and apply for it. A potential borrower needs to research any requirements necessary to obtain the loan from the lender, such as a specific credit score required for approval. Before signing loan documents, the borrower should ensure he understands the stipulations contained in the documents.
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  • Q: How quickly can a person get a payday advance from EZ Cash?

    A: Receiving a payday advance from EZ Cash takes only a couple of minutes, states Check Center. To get pre-approved for a payday advance, customers need a permanent residential address, must be currently employed, have a checking account that's active and be 18 years of age, states EZ Cash.
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  • Q: How do I reclaim assets with the Great Colorado Payback list?

    A: Reclaim assets by contacting the Great Colorado Payback staff at 800-825-2111 or 303-866-6070, advises the Colorado Department of the Treasury. Office hours are 8 a.m. to 5 p.m., Monday through Friday.
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  • How do you get a low-interest personal loans?

    Q: How do you get a low-interest personal loans?

    A: In order to get a low-interest personal loan, applicants should research financial institutions that offer low-interest personal loans, compare loan offers and increase their credit rating as much as possible before applying. If the applicant is willing to put up his house, car or another type of collateral, he might be able to get a lower interest rate on a loan.
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  • Should you get a personal financial loan?

    Q: Should you get a personal financial loan?

    A: A personal financial loan can be wise when a consumer has a credit score of at least 640 and wants an alternative to credit cards, states Daily Finance. People who have lower credit scores risk loans with higher interest rates than credit cards and generally should not get such loans.
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  • Q: How do you find the number of a cash provider?

    A: Find cash providers by searching in the local phone directory or on the Yellow Pages website, which contains many listings for banks and finance companies, as indicated by searches of the website. Another alternative is choosing a loan servicer with low interest rates using an online comparison tool, notes Bankrate.
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  • How does a car loan work?

    Q: How does a car loan work?

    A: With a car loan, the consumer makes a down payment on the car, obtains financing, makes monthly payments on the loan and pays interest on the loan, according to the Federal Trade Commission. Financing can be obtained through a direct lender or the car dealership.
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  • What is a letter of explanation?

    Q: What is a letter of explanation?

    A: In the world of finance and economics, a letter of explanation is a formal letter to a financial institution that gives specific details regarding an incident or circumstance that is outside the normally accepted scope of business. In some circumstances, the letter of explanation is given directly to the major credit reporting bureaus to be given out with a person's credit report any time one is requested.
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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 apply for a CashCall payday loan?

    A: You can apply for a CashCall payday loan by clicking the CashCall Consumer Personal Loans link on the CashCall.com home page, according to the website. Clicking the Apply Now link on the Welcome page starts the application.
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  • Q: How do you get a loan with no job?

    A: People without jobs can go to pawn stores for loans, get home equity lines of credit or ask someone to co-sign on the loan. However, it helps if they have other income sources, such as unemployment or alimony payments. There are also no-documentation home mortgage loans.
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