Questions tagged [loans]
This tag is a generic tag to be used when asking a question on Loans / lending. If there is a specific question the other related tags like home-loan, student-loans, etc should be used.
1,138
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A loan company wants to loan me money & wants to deposit $400 tin my account for verification
A "loan" company contacted me saying I was approved for up to $4,000. The man said I needed to allow them to deposit $400 into my account to verify my account.
Then, he wanted me Cash App ...
- 189
0
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1
answer
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Does a bank have to confirm that I do NOT have a loan application in process?
After applying for a home equity line and not accepting a counter-offer, I would like a bank to send me an email like this:
We do not have a loan application currently in process for you. Sincerely, ...
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-1
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2
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Kiwi Lad In Need [closed]
So I’m based here in New Zealand. I would like to know how I could raise $1000 in a few hours? Sadly without notice I laid off yesterday. On top of that I suffer from depression and anxiety, due to ...
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16
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10
answers
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Fair interest rate on $2k personal loan to a friend
A friend wanted to borrow $2,000 from me and he promised that he would pay it back in a month. I'm about to lend him the money. How much interest should I charge that would be fair? I am not expert ...
- 161
0
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1
answer
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Car loan pre approved but not finalized [closed]
I bought a car on April 11 2024. I was pre approved . Car dealership did not finalize paper work. My loan sitting in pre approval. Car dealership closed
8
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3
answers
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How can a senior finance building a home with no current credit score but good equity in current home?
Many seniors have paid off their mortgages and car loans and haven't needed to borrow money in years, hence have no current credit score. Senior wants to downsize home but there is nothing suitable on ...
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1
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3
answers
203
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How to calculate the very last payment when repaying a debt?
Suppose I'm repaying a fixed amount every month on a debt such as a credit card debt.
Generally, the very last payment will be less than the others, because the total owed will be less than the fixed ...
- 151
0
votes
3
answers
153
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Do lenders consider stocks and bonuses as part of your income?
Most tech companies give their employees a basic income plus a certain amount of stocks plus annual bonuses.
I am wondering if someone has a $120k salary + $50k stocks + $50k bonus in a year, would ...
- 151
0
votes
1
answer
106
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How much does having an installment loan in your credit history matter vs simply having a good credit score?
Let's say you want to buy a starter home (at a reasonable budget for your income level) and have an excellent credit score of ~800, but you have zero history of taking an installment loan (student, ...
- 178
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votes
1
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239
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Is it a good idea to take a loan just to build borrowing history? (United States)
Context
My current car, a hand-me-down from a family member, is 10+ years old with ~100k miles and starting to have enough problems that maintenance costs are quickly piling up. Over the last 2 years ...
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1
vote
1
answer
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Confusion with payment calculation for fixed payments on fixed interest loan
I'm trying to understand how to calculate the monthly payments on a fixed interest loan with a given term. I understand this can be done with the PMT excel function.
Whenever I see this explained ...
- 13
0
votes
1
answer
100
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Which loan would be most cost-effective to service first?
I'm currently the debtor of two loans:
$620,000 CLP at 0.99% monthly interest, to be paid over 12 equal monthly instalments, starting this month.
$180,000 CLP at 0% interest, but adjusted by ...
- 133
1
vote
0
answers
145
views
Who is actually receiving the loan?
Before signing for a guarantor loan for the first time, in reading the contract I'm confused by this wording
Your payment schedule will be:
Number of Payments; 24
Amount of Payments; $ 177.13
When ...
- 19
0
votes
3
answers
126
views
Home renovation payment: Loan with interest, lump sum with discount or quarterly payment with no interest
I have a home renovation that would cost me 50k. The company offer me these options:
50k 15 years loan with 3% per annum fixed interest (monthly repayment)
45k lump sum with 5k discount
5k quarterly ...
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4
votes
2
answers
236
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How to calculate monthly payment of a loan
I am trying to solve this question:
Your brother-in-law asks you to lend him $100,000 as a second mortgage on his vacation
home. He promises to make level monthly payments for 10 years, 120 payments ...
- 43