All Questions
Tagged with loans united-states
290
questions
1
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0
answers
128
views
How do I know when my applications for disaster relief loans have been approved?
I applied to all 3 programs as I have a business in NYC:
SBA EIDL - Economic Injury Disaster Loan Emergency Advance
PPP - Paycheck Protection Program
NYC Small Business Continuity Program
I think I ...
- 2,025
2
votes
0
answers
93
views
COVID-19 SBA loan forigveness
The COVID-19 Paycheck Protection Program includes provisions for forgiving those loans.
Normally when debt is forgiven you have to pay taxes on the forgiven debt.
Will recipients of Paycheck ...
- 3,842
2
votes
1
answer
145
views
Personal loan from mother
My mother paid my college fees when I came to America for my master's degree. She also paid my living expenses. All of which amounts to around 40,000$. She paid me this amount between 2015 to 2016. I ...
- 395
5
votes
4
answers
208
views
Is there such a thing as a truly preapproved credit card or loan?
I receive quite a few "preapproved" credit card and personal loan offers in the mail. These invariably include an application form and a disclaimer that the card or loan might not be granted if ...
- 1,003
15
votes
7
answers
5k
views
401k loan & repayment: double taxation?
I've heard a few people say that taking out a loan against your 401K and repaying it means that you are taxed twice:
You are repaying your loan using after-tax dollars
You are going to be paying a ...
- 733
1
vote
3
answers
6k
views
Must I file Form 1099-INT for interest on a business loan from an individual?
The 2020 Instructions for Forms 1099-INT and 1099-OID says that "you are not required to file Form 1099-INT for interest on an obligation issued by an individual", but I don't understand what they ...
- 507
72
votes
1
answer
10k
views
My friend cosigned for a defaulted loan. Should he declare Chapter 7 bankruptcy?
Background:
My friend Abe co-signed an auto loan for about $25k with his "friend" Bella, in the USA state of Maryland, about 4-5 months ago. The car was for Bella's use. The deal was that ...
0
votes
1
answer
223
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If a personal loan was made in one state, and they now live in a different state, and you live in another state, which state do you file?
I loaned a friend money. He then vanished. 18 years later I found him. He lives in a different state then where the loan was made. I also live in a different state. I know there are time limits, but ...
- 1
0
votes
2
answers
964
views
Why do payday loan ask for social security number?
Is there any specific reasons why payday loan companies ask for social security number.
0
votes
2
answers
201
views
Can a secured loan help me build credit?
I'm moving to the US from the UK in January. I have just opened a bank account and have applied for a Capital One secured credit card to help start building credit.
Would also taking out a secured ...
- 101
2
votes
2
answers
332
views
Bypass credit agency and pay loan directly to US Dept of Education?
My employer received a letter from a creditor agency ("Central Research") ordering that they garnish up to 25% of my salary for the loan. The language that they used in the letter to them was ...
- 21
3
votes
4
answers
1k
views
Can I keep my car loan if I trade in my car?
I have an excellent rate (1.9%) on a loan that has 3 years and roughly $8900 left on it. I’m not sure how I got such a great rate on a 6 year loan but here I am. Anyways I would like to get a new car....
- 151
4
votes
2
answers
239
views
Question about plausibility of an iffy financial transaction in a crime novel
This is a question about a financial transaction in a novel.
At the denouement of the book, An elderly, naive, innocent, middle-class couple who have been bilked by a loan racket run by extremely ...
- 1,900
1
vote
1
answer
416
views
My mother's car was totaled
My mother was in a car accident and died. Her boyfriend's name is on the title and financing of the vehicle. She made all of her payments on the car. Is he entitled to all of the money since the ...
1
vote
1
answer
133
views
Why do FNMA and FHLMC impose loan limits?
Why do FNMA and FHLMC announce new loan limits for one to four-family loans?
Is there a justification to have something called "conforming" loans as opposed to "jumbo" loans?
Is this to separate on ...
- 449