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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  • Who is a co-applicant on a loan?

    Q: Who is a co-applicant on a loan?

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    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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  • Can you get payday loans without a checking account?

    Q: Can you get payday loans without a checking account?

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    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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  • How can I get a loan if I am unemployed?

    Q: How can I get a loan if I am unemployed?

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    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?

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    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 do you write a letter requesting a loan?

    Q: How do you write a letter requesting a loan?

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    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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  • What is the difference between a grantor and a grantee?

    Q: What is the difference between a grantor and a grantee?

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    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 "conditionally approved loan" mean?

    Q: What does "conditionally approved loan" mean?

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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?

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    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 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 a HARP loan?

    Q: What is a HARP loan?

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    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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  • Q: How do you apply for a personal grant from the government?

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    The U.S. government maintains a Web portal, Grants.gov, that allows citizens to search and apply for grants available from various governmental agencies. By selecting a grant in a search on this site, you can view further information as well as access the application package and submission instructions.

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  • Q: How do you calculate payments on a simple interest loan?

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    Calculate payments on a simple interest loan by first multiplying the principal amount by the interest rate and the length of the loan term. Add the interest to the principal amount and then divide by the number of payments to be made.

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  • Q: Which lender gets the best loan reviews?

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    TopTenReviews gives its best lender review for 2015 to Lending Tree, which it ranks with 10 points out of 10. Other mortgage lenders ranked highly with over nine points each out of 10 include Quicken Loans, Bank of America, Wells Fargo Home Mortgage and Chase Mortgage.

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  • Q: What is the minimum credit score a person needs to obtain an FHA loan?

    A:

    There is no minimum credit score to qualify for an FHA loan. As of March 2015, a minimum FICO score of 580 is required to qualify for FHA's low down payment advantage, but applicants with lower credit scores may still qualify for FHA loans with higher down payments.

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  • Q: How do you get a Check-N-Go loan?

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    To be eligible for a Check-N-Go loan, an individual must have steady income, an active checking account, a valid email address and telephone number. Applications for this loan can be submitted online. Any other information can be obtained online or by calling customer support, notes Check-N-Go.

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  • Q: How do you pay your loan from Cash Central?

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    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: Can you get a 90-day loan online or over the phone?

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    As of 2015, you can apply online for a 90-day loan at several websites, including 90dayloans.com and Loansfor90days.com. Some companies may have the option of applying by telephone, such as We Give Loans, owners of 90dayloans.com. Apply by calling (866) 209-4841, notes the lenderメs website.

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  • Q: What are the advantages and disadvantages of National Payday Loans?

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    The advantages of getting a payday loan through National Payday include the fact that the company tends to approve all applicants who have a job that pays more than $1,000 per month, according to National Payday. This means that it is easy for most working people to get a short-term payday loan through National Payday. However, there are many disadvantage to this type of short-term loan, including the fact that the Washington State Department of Financial Institutions investigated the company for a potential scam operation in 2009.

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  • Q: What kinds of complaints and reviews does One Click Loan receive?

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    A majority of complaints filed against One Click Loan on BBB.org focus on negative problems including billing issues, notes the Better Business Bureau. As of 2015, over 200 complaints exist against the company on BBB.org. ConsumerAffairs.com reviews highlight illegal billing activity even after satisfying the accounts, according to Consumer Affairs.

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  • Q: What are the dangers of immediate payday loans?

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    Seldom, if ever, is it a good idea to use payday lenders, because they ask for personal identifying information, such as a person's Social Security number, which in the wrong hands can be used to steal a person's identity, according to the Consumer Financial Protection Bureau. The sharing of such highly sensitive information such as a checking account number increases the risk to consumers.

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  • Q: How do you apply for fast loans?

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    To apply for fast loans, look for credit providers. Read their terms and conditions, and choose the one with the best terms. Fill out a loan application form. Pick up the cash from the bank or lending institution after approval.

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