Mikroblog on "loan money" [answers]

Will get refunded the loan money i took out for this semester but decide at the last min not to go to school?

Sun, 05 Sep 2010 04:49:03 +0400

1TakeTwizzy say: Good day, I am Mr. Donald George Managing Director of Donald Micro Finance Inc. My company is a well recognized Company with Government Approve certificate. We offer loan to interested individuals and company who are in need of financial help or assistant with a very low percent interest rate. My company grants loan to individual/company from the range of $2,000 USD to $5,000,000 USD. My company only give out loan to trust worthy clients who will be able to pay back the loan when due for repayment. Any interested person who are in financial difficulty and need a loan should please contact us through email: donald_microfinance@.com with the following details below: Full Name: Amount Needed: Country: Duration/Period: Mobile Number: Age: Sex: Purpose for loan: NOTE: Loan is given to clients who are trust worthy that will be able to pay back the loan for security reasons, You can write to us with the email above, Mr. Donald George,... (and also 4 comments)

Where can i loan money?

Sun, 05 Sep 2010 04:49:03 +0400

YungC710 say: i need to load money for my computer...... (and also 6 comments)

Is there website where a user can loan money to other folks via the org running the website?

Sun, 05 Sep 2010 04:49:03 +0400

Chase say: It is a very new concept, but the following website may be of interest and answer your questions.http://www.prosper.com/public/welcome/de… ... (and also 3 comments)

What's your worst story about loaning money to a friend?

Sun, 05 Sep 2010 04:49:03 +0400

Dylan say: What's your worst story (if you're unlucky enough to have one) about bad things that happened after you loaned money to a friend?... (and also 14 comments)

Where can i get emergency loan money? Military spouse.?

Sun, 05 Sep 2010 04:49:03 +0400

sergiodonto23 say: i am a student ive been awarded money but i have to wait about 2 weeks until i can get it. although my husband away at bmt and we still will be short money.... (and also 6 comments)

Do i have to pay all of the loan money at the bank when the bank didnt give all of the loan money to school .?

Sun, 05 Sep 2010 04:49:03 +0400

Jordan say: i paid some money to school bc they bank wont pay all of the loan... (and also 5 comments)

I need to find a lender that will loan money for ahous with reasonable interest rate...credit rating is fair?

Sun, 05 Sep 2010 04:49:03 +0400

princesofpersia say: i can get money but they want 10.12% interest rate credit getting better and it was great 5 years ago now fair but returning to good as time goes by... (and also 6 comments)

If you loan money to a very close friend should you expect repayment?

Sun, 05 Sep 2010 04:49:03 +0400

John say: Let's just say the amount is over $5,000When you lent it you made clear it was a loanYou made clear they would pay it back on a monthly basis, at least $100 a month, but the person has not made one payment in a year!!... (and also 11 comments)

What bank etc will loan money to buy 26 acres of land ? And How? Future 2nd homesite in 5-10 years.?

Sun, 05 Sep 2010 04:49:03 +0400

NENiEJBABY say: Depends upon the zoning. If Residential, you're talking subprime and individual lender policy. If Agricultural, talk to the Department of Agriculture, which keeps lists of lenders for that purpose. Commercial and Industrial go to commercial real estate lenders. Expect all of the above to have significant down payment requirements. You're probably not going to get 100% financing or anything close to it.... (and also 6 comments)

Why aren't banks and loan companies loaning money on modular and mobile homes?

Sun, 05 Sep 2010 04:49:03 +0400

Evan say: Traditionally the biggest risks.... (and also 9 comments)

Loan money to the bank?

Sun, 05 Sep 2010 04:49:03 +0400

Joshua say: Banks loan money to other banks to meet the Federal Reserves 10% amount using the Federal Funds Rate as a guide. Is it possible for another entity, other than a bank, to loan the money to a bank? I'm not refering to CD's or savings account either.... (and also 6 comments)

Has the US ever loan money to china?

Sun, 05 Sep 2010 04:49:03 +0400

Landon say: i know china has a past and history about loaning to the US...but has the US ever loaned any money to china and does china owes the U.S anything(please post a reliable source if you can)... (and also 4 comments)

Student loan money should I get one?

Sun, 05 Sep 2010 04:49:03 +0400

Mariiana_Nolla say: what will happen to my student loans if the dollar crashes? I dont need a loan but should I take one out since its going to crash and will have free education????... (and also 6 comments)

Home loan money left over?

Sun, 05 Sep 2010 04:49:03 +0400

UberGeekGames say: what happends to the money left over from the home loan. i am looking to get approved for 120k but the home is willing to take offers at 110k. what happends to the money that is left over?... (and also 6 comments)

Where can I find a mortage company who will loan money to people with poor credit? Trying to repair credit.?

Sun, 05 Sep 2010 04:49:03 +0400

SammySay86 say: Do you have any idea what your middle credit score is? For 100 percent financing you would need 580+ (and some lenders are now raising their limits up to 600 middle score) with all the forclosures happening. If you have a lower credit score, you can do a 90/10 or a 80/20 with a seller doing the seller 2nd for the difference. What you need to do is talk to a Broker (sorry, but a bank will not talk with you unless your credit is higher), but a Broker deals with lower credit and trys to find you the best rate and program for you.Here is some addition informaton, hope it helps.There are other factors to consider, besides credit. Medical Bills are Over looked buy underwriting (since medical is a unforseen event), where as credit cards, are looked at (since you purchased items on a credit card.) Also, Job time of 2 years, Rental history for 2 years is looked at. What collections & judgements are on your credit report. Some collections may not have to be paid off. Judgements may need to be paid off - depends on the Lender and Their Underwriter. All of these are taken in as a factor on getting a home loan. Credit can be worked on, by adding alternative credit. If you are paying regularly on a cell phone, auto insurance, rent, etc - these are called alternative credit.. All is not HOPELESS - ok - take a deep breath. If your credit score is 500 or higher, anything is workable, with a seller second - etc the higher the credit score the better. Lenders look at the middle score...of the 3 scores. If you only have 1 score or 2 scores (have seen it), it is still workable....but unless a lender sees the whole picture - credit - income - job time, etc - than you will not have a "true" picture of what you can afford - Hope this helps - There are also Government programs out there, but they too are looking for job time, etc.A 100 percent loan - is not totally out of your reach - There are FHA programs, payment assistant programs to help you. Look at your middle credit score, if you do not know your credit scores - have your lender tell you, or pull your credit from the 3 credit reporting agencies - BUT the person you are working with should tell YOU. Lenders look at the middle score to qualify a person - With a 580 or higher you can get a 100 percent 1 loan. If your credit is low, than you will be going SUB-Prime, and any amount over 80 percent does not have MI - There are alot of companies I underwrite for that does NOT charge MI - normally the rate is slightly higher. If you go with a FHA loan, FHA has MI included. (With a 580 + you will be going sub-prime the rates are higher by about a 1 percent, but you have no MI. (MI is mortgage insurance in case you default on the loan, it is a way for lenders to have added insurance. It is not the same as Home Owners insurance, ok) VA loans do not have MI insurance.Conforming A+ borrower's loans have MI included, but the rates are better starting in the mid to high 6's (with rates going up.) The more money you borrow - the higher the rate normally. There are a lot of factors involved. With a government loan - collections and judgements will have to be paid (most ppl do not know that) but for FHA it is true.... Go to these websiteshttp://www.nehemiahcorp.orghttp://www.fanniemaefoundation.org/...http://www.fha-home-loans.com/Talk with a broker, a broker underwrites for many company's (I underwrite for 150 companies) so I only have to pull credit 1 time, and they look at my credit. A single lender (not a broker) has programs available, but they may not be able to help you and your situation, so you go elsewhere, and than that person pulls your credit (see what I mean.) If you shop, your credit is pulled and that is considered a soft pull, for a 30 day period. Just like shopping for a auto, it is good for 30 days. If you apply for a credit card, that is considered a "hard" pull and it drags down your credit score. When looking for a home, please do not apply for a credit card, Department Charge Card, Gasoline Card or make any major purchases, like a auto, etc. This will pull your credit down. How To Improve Your Credit . If you have had credit problems, be prepared to discuss them honestly with a mortgage professional. Responsible mortgage professionals know there can be legitimate reasons for credit problems, such as unemployment, illness or other financial difficulties. If you had a problem that's been corrected, and your payments have been on time for a year or more, your credit may be considered satisfactory. If you are currently in excess debt, there are four ways to control it: . If your credit is not in terrible shape, you can reduce your other expenses, even if it means making hard choices or changing your lifestyle to fit your income. Consider selling a second car, taking equity out of your home, applying for a non-secured signature loan, obtaining a loan from a relative, selling your home and paying off your debts with the proceeds and then renting, cashing out your 401K/retirement benefits or selling family heirlooms, jewelry, etc. . If your credit is already damaged or one of the above isn't an option, go through Consumer Credit Counseling Services (CCCS). Check your yellow pages for the local number. CCCS may be able to help you pay off your debts as if you were in a Chapter 13 bankruptcy, but you don't actually file for bankruptcy. BUT MORTGAGE LENDERS LOOK AT A CCC AS A BANKRUPTCY.. If CCCS won't take you, you may want to consider bankruptcy. Claiming Chapter 13 bankruptcy takes longer than a Chapter 7, but your credit will end up in a little better standing. Chapter 13 bankruptcy gives you up to 5 years to pay off your debts. The disadvantage is that you're in bankruptcy for up to 5 years plus your credit report shows your bankruptcy for 7 more years after you have finished paying off your debts. . If you are so far in debt that you can never repay it, then the best solution may be a Chapter 7 bankruptcy. A Chapter 7 bankruptcy is the least desirable from a credit standpoint, but you are typically out of bankruptcy in 6 months and you don't have to repay any debt. The disadvantage is that this shows on your credit report for 10 years from the date of filing your bankruptcy. Creditors are starting to tighten their credit requirements, and you may have a tough time getting future financing. If you're debts are under control now, but want to improve your credit history, the most important factor is to make your monthly payments on time. Use pre-addressed envelopes enclosed with your statements to mail your payments and call the company if you don't receive your usual statement. Also send your payment as early as possible if you carry a balance. Most companies calculate interest on a daily basis, so the sooner they receive your payment, the less interest you'll pay. Don't procrastinate. It's the day your payment is received that counts, not the postmark date. Give the post office sufficient time (five business days is a good guideline) to deliver your mail. Late payments may mean late fees, higher interest, and/or a negative mark on your credit report. Never send cash. Open a checking account if you don't have one, or spring for a money order and keep your receipt. Finally don't forget to tell your creditors your new address when you move. If you are worried about making payments, make a list of your debts and when the payments are due. Contact your lenders immediately if you think you will have trouble meeting the monthly payments to arrange a payment schedule. Taking money from your retirement account or tapping the cash value of your life insurance policy to pay bills or living expenses may have serious implications you haven't considered, so try to get advice from an expert before you take any major financial actions. Credit cards can be invaluable in a crisis, since they allow you to charge items and pay them off over time. But they can also be dangerous if you aren't careful and charge more than you can afford. If you do use credit cards, choose those with the lowest interest rates and pay them back as soon as you can to cut your costs. Credit Scoring - How it Works . Credit scoring is a statistical method that lenders use to quickly and objectively assess the credit risk of a loan applicant. The score is a number that rates the likelihood you will pay back a loan. Scores range from 350 (high risk) to 950 (low risk). There are a few types of credit scores; the most widely used are FICO? scores, which were developed by Fair Isaac & Company, Inc. for each of the credit reporting agencies. Credit scores only consider the information contained in your credit profile. They do not consider your income, savings, down payment amount, or demographic factors like gender, race, nationality or marital status. Past delinquencies, derogatory payment behavior, current debt level, length of credit history, types of credit and number of inquiries are all considered in credit scores. Your score considers both positive and negative information in your credit report. Late payments will lower your score, but establishing or re-establishing a good track record of making payments on time will raise your score. Different portions of your credit file are given different weights. They are: 35% - Previous credit performance (specific to your payment history) 30% - Current level of indebtedness (current balance compared to high credit) 15% - Time credit has been in use (opening date) 15% - Types of credit available (installment loans, revolving and debit accounts) 5% - Pursuit of new credit (number of inquiries) The most important factor for a good credit score is paying your bills on time. Even if the debt you owe is a small amount, it is crucial that you make payments on time. In addition, you may want to: keep balances low on credit cards and other "revolving credit;" apply for and open new credit accounts only as needed; and pay off debt rather than moving it around. Also don't close unused cards as a short-term strategy to raise your score. Owing the same amount but having fewer open accounts may lower your score. Recent changes minimize the negative effects that rate shopping can have on a mortgage applicant. If there is a consumer originated inquiry within the past 365 days from mortgage or auto related industries, these inquiries are ignored for scoring purposes for the first 30 calendar days; then, multiple inquiries within the next 14 days are counted as one. Each inquiry will still appear on the credit report. Every score is accompanied by a maximum of four reason codes. Reason codes identify the most significant reason that you did not score higher. The reason codes can help a lender describe the reasons for higher than expected rates or loan denial. Scores are not part of the credit profile and are not covered by the Fair Credit Reporting Act. Your credit report must contain at least one account which has been open for six months or greater, and at least one account that has been updated in the past six months for you to get a credit score. This ensures that there is enough information in your report to generate an accurate score. If you do not meet the minimum criteria for getting a score, you may need to establish a credit history prior to applying for a mortgage.... (and also 11 comments)

Is there a website that can loan money through paypal?

Sun, 05 Sep 2010 04:49:03 +0400

Aiden say: i want to loan 300$... (and also 5 comments)

If one becomes a U.S. permanent resident, how and where can she or he loan money to study abroad?

Sun, 05 Sep 2010 04:49:03 +0400

meirelinhares say: Hello my dear do not full prey to those hoodlums at they that call them self money lender they are all scam, all they want is you money and you well not hear from them again they have done it to me twice before I met Mr. Brown Wilson the most interesting part of it is that my loan was transfer to me within 72 hours so I well advice you to contact Mr. Brown if you are interested in getting loan and you are sure you can pay him back on time you can contact him via email brownwilsonloan4@live.com They offer all kind of categories of loan theyShort term loan (5_10years)Media term loan (10_20)Long term loan (20_40) they offer loan like Home loan!!!!!!!!!!! Business loan!!!!!!!! Debt loan!!!!!!!!Car loan!!!!!!!!!!! Student loan!!!!!!!! Business start up loan<<<<<<<<<< etc When it comes to financial crisis and loan then brown Wilson loan financial is the place to go please just tell him I Mrs. jenny Wilson direct you Good Luck>>>>>>>>>> ... (and also 3 comments)

Do I get the student loan money if I withdraw from all my classes? (FAFSA)?

Sun, 05 Sep 2010 04:49:03 +0400

ECami31 say: I'm pretty broke, and I think I need to continue working before I go back to school full time. Problem is, I registered for full time, and got my student refund check of like $400 dollars or so. I am a senior so I get $2500 per quarter.What happens to the money I paid for tution if I drop all my classes? Does it go to me?... (and also 6 comments)

Investing Student Loan Money?

Sun, 05 Sep 2010 04:49:03 +0400

Justin say: I'm getting about $3000 back this semester from student loans. I thought about sending it back so I won't have to pay it back, but I don't have any savings. Someone recommended that I open a money market account so that I can earn more interest than a savings account, and so that it's not quite so accessable. Is this a good plan?... (and also 5 comments)

Is anybody out here loaning money out as a personal loan not a bank or payday loan a person who can loan out?

Sun, 05 Sep 2010 04:49:03 +0400

Jonathan say: Hi am Tony Edward from Georgia and I will like to refer you to someone Mr. George who loan me $8,700 2months ago due to lack of low credit score and I need to pay my bills and kids school fees. You can contact him via email recessionloanfirm@.com for he will help you but just be faithful and honest. Good luck... (and also 4 comments)

Spending home loan money?

Sun, 05 Sep 2010 04:49:03 +0400

mrdangdang say: This is more for aussies as i dont know if the rules are different in other countries. We can get a home loan of $327,000. If we find a house thats cheaper, can we still spend the rest of the money on doing things/fixing things for the house? Can we use it to buy furniture/things?... (and also 4 comments)

IF banks wont loan money, shouldl you close your bank acount with them?

Sun, 05 Sep 2010 04:49:03 +0400

yz1914 say: Yes. †... (and also 11 comments)

Do angel investors actually loan money for a 10-20% return, without equity?

Sun, 05 Sep 2010 04:49:03 +0400

beluzel say: I am starting a business and wanted to see my options in raising $200-$300k... (and also 5 comments)

Can someone explain to me why the federal government supported loaning money to the poor for mortgages?

Sun, 05 Sep 2010 04:49:03 +0400

Jason say: This is like giving water to a drowning man or snow to an eskimo. Isn't it kind of obvious if one lends money to someone incapable of paying it back that the loan will default?... (and also 14 comments)