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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  • 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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  • 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 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 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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  • 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 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 types of Covington Loans?

    A: As of 2015, Covington Credit loans are fixed-amount, fixed-term personal installment loans in amounts of about $1,400 or less, according to Southern Management Corporation. The short-term loans are available in Georgia, Alabama, South Carolina and Tennessee. The company also makes loans in Texas and Oklahoma. Borrowers do not need car titles, high credit scores or post-dated checks to obtain loans, and they can repay their loans in full without prepayment penalties.
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  • Q: Where can you get Wonga cash loans?

    A: Wonga cash loans can be obtained from anywhere as long as the applicant meets the requirements to apply because the loan application is completed online and money is deposited directly into a bank account. Wonga is a U.K.-based company. and people who are interested in obtaining a cash loan from Wonga must be U.K. residents.
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  • Q: Are loan agreement templates available on the web?

    A: Loan agreement templates are available at LawDepot.com and RocketLawyer.com. These sites offer sample forms as well as information on what to include in loan agreements.
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  • Q: How do you get a loan from the Fifth Third Bank?

    A: Those seeking a loan with Fifth Third Bank can apply online at the financial institution's official website, by visiting a local branch office or by calling 1-866-535-6267. Consumer loan products offered by Fifth Third Bank include mortgages, mortgage refinancing, auto loans, personal loans and personal lines of credit.
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  • Q: What are some companies offering personal loans?

    A: Companies offering personal loans include Lightstream, Earnest, SoFi, Vouch and Prosper, according to Magnify Money. Other companies offering personal loans include Springleaf, 1st Franklin Financial, OneMain Financial and NetCredit, a subsidiary of Enova International, reports ConsumerAffairs.
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  • Q: How can you get a personal loan with no job?

    A: Unemployed people are able to get personal loans by borrowing against assets such as homes, cars, life insurance policies and pensions, reports Alison Doyle for About.com. Alternatively, people without jobs can find relatives or friends to co-sign for a loan with them, notes Justin Pritchard for About.com.
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  • Q: What services does White Hills Cash offer?

    A: White Hills Cash offers loans of up to $1,000 for people in need of immediate cash, states White Hills Cash. The company makes loans to people with bad credit and, upon approval, can provide funds on the same day that the borrower submits the application.
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  • Q: What are the eligibility requirements for a Pag-IBIG housing loan?

    A: The eligibility requirements for a Pag-IBIG housing loan include Pag-IBIG membership, legal property acquisition and encumbrance rights, submission to background, credit, employment and business checks and having no prior Pag-IBIG loans outstanding. Applicants must also be insurable and no older than 65 years old upon submitting their application, as well as no older than 70 years old at loan maturity, as stated at the official Pag-IBIG Fund website.
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  • Q: How do you apply for an HFC personal loan?

    A: To apply for an HFC personal loan, visit the bank's website, download a personal loan application, fill in the required information and take it to HFC along with all necessary documentation. HFC offers two types of personal loans: secured loans and unsecured loans, notes HFC.com.
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  • What are some good long-term loans for people with bad credit?

    Q: What are some good long-term loans for people with bad credit?

    A: The best long-term loans for people with bad credit are secured loans. Secured loans are so named because lenders get a legal claim on borrowers' properties or other assets. Because they are secured, secured loans have lower eligibility requirements and longer payment periods. People with bad credit can also turn to lenders such as Cash Loans with Bad Credit for loans. However, their eligibility requirements are generally higher.
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  • Q: What types of places offer personal loans that use cars as collateral?

    A: Wells Fargo, a trading bank, is an example of an American bank that offers personal loans secured by charges against clients' cars, according to the company's official website. OneMain Financial, another bank, also provides personal loans in which cars act as collateral, notes its website.
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