All Questions
46
questions
4
votes
2
answers
12k
views
Is this "approved" online loan a scam? I was asked for my user name and password
I'm pretty sure what the answer is, but I don't want my desperation to cloud my judgment.
I was approved for a loan after giving my bank account and routing info. They requested to verify the account ...
2
votes
3
answers
191
views
Does it improve my credit if I pay my credit card bill off several times a month as I use it?
I have a secured credit card of $200, if I used 30% (about $60) in the first time and pay my credit card balance in full after one week, then spend another $60 and pay it after a week, and continue in ...
- 21
10
votes
2
answers
6k
views
Money sent to loan account after it has been paid off and closed
For the last few months I have been paying off a loan via automatic payments from my current account that transfer over automatically each month. The loan got paid off and the bank closed the account. ...
- 215
2
votes
3
answers
720
views
Simple Interest to Compound Interest
In simple annual interest terms 60/2000 is 3%. But what is the rate if this is the total interest paid on 2000 after monthly compounding over 3 years?
- 21
0
votes
2
answers
3k
views
Is it possible to borrow money to invest in a foreign country?
Suppose I live in Canada. If I want to borrow money from the banks here and use that money in another country to carry out construction projects and hence make profit. Is it possible to create a legal ...
- 139
-4
votes
5
answers
999
views
Mortgage vs. Loan?
I understand the math behind how banks calculate the interest to principal ratio throughout the amortization period. I want to know why banks want you to pay as much interest as possible first? In a ...
- 123
14
votes
3
answers
88k
views
Co-signed a loan and I need to have my name removed
I co-signed on a car loan with my partner, and now that we are no longer together I want to have my name removed. He has had the car a year now and has been on his job over an year, but he won't do ...
- 141
0
votes
1
answer
2k
views
How to send full loan amount to India from Saudi Arabia?
I work in Saudi Arabia,
I took a loan here, nearly 10 lakhs Indian Rupees (1,000,000 Indian Rupees).
My questions are:
How to send the full loan amount from Saudi Arabia (money exchange), because I ...
4
votes
3
answers
688
views
Can banks deny that you've paid your loan?
As expressed in the title, can a bank deny it that you've paid back the loan? Or how can you make sure that won't happen?
My sister recently got married, but she freaked out when her husband told her ...
- 159
0
votes
2
answers
90
views
Does inflation equal more loans? [closed]
I am wondering if the banks are favored by high inflation levels? Do higher inflation levels equal more loans? I am looking for another way of looking at the problems of inflation and not just from a ...
- 109
1
vote
1
answer
194
views
Who originates loans guaranteed by the USDA Farm Service Agency?
The official Guaranteed Farm Loans page says:
FSA guaranteed loans provide lenders (e.g., banks, Farm Credit System institutions, credit unions) with a guarantee of up to 95 percent of the loss of ...
- 390
20
votes
2
answers
9k
views
How do Islamic Banking give loans for housing purposes?
Islamic banks do not give loans they invest in financial activities of their clients. Am I correct?
If yes, then how can they provide loans for housings? Home loans have nothing to do with business.
...
user5800
5
votes
1
answer
183
views
How to tell if you can trust a loan company?
What do you look for? Good UI design? BBB accreditation? Yelp, NYTimes mentions?
What should I expect of the customer service when making my decision to take out a loan?
What information should I ...
- 565
5
votes
5
answers
1k
views
Where can I borrow money for investing?
Where can I borrow money in the US if I have a good credit (730+)? I have heard community unions a good place to borrow money..but the lowest they could get is 12 percent. Can I borrow from a ...
- 67
24
votes
1
answer
6k
views
Paying off home mortgage and lender wants a "Recording Fee"
So I whittled down my house note to the point where I have enough cash to just pay it off early and be done with it. Yay!
I asked my lender for a "payoff" statement, which provides an accounting of ...
- 53.1k