Q&A: Who is the Best Company for Consolidating Payday Loans?
Question by Robert Billiot: Who is the Best Company for Consolidating Payday Loans?
Gotten into a real bind with too many payday loans…I need help fast! I have heard that there are companies who provide payday loan help by consolidating loans. Is this true? Are these companies trustworthy?
I don’t want to lose any more money and I don’t know where else to turn. Help!
Best answer:
Answer by MVD34
Nope. Not really. Most consolidation companies are run by the same kind of pond scum that run payday loan companies.
Your best bet is probably credit counseling. If a good option exists that you qualify for, they are probably going to find it.
http://www.nfcc.org/
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Categories: Loan Questions Tags: best, companies, Company, Consolidating, loan, loans, Payday, Question
Can your Social Security Benefits be taken away for a Bank Loan?
Question by Picklez: Can your Social Security Benefits be taken away for a Bank Loan?
Do I have to pay back a bank loan if my only source of Income is Social Security
Best answer:
Answer by MadMan
No. But you need to make sure that the bank knows that the source of the money is just social security or they might try to take it anyway.
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Categories: Loan Questions Tags: away, bank, Bank Loan, benefits, loan, security, social, Social Security Benefits, taken
Have no credit, need small bank loan but have a cosigner?
Question by Katy: Have no credit, need small bank loan but have a cosigner?
I will be attempting to get a small bank loan here soon. However i have no credit, but 1 account in good standing and 2 potentially negative accounts being taken care of. I have a cosigner with ok to good credit. Whats my chances with the cosigner?
Best answer:
Answer by Judy
What kind of loan? Car loan, decent chance if your cosigner has good credit – don’t know just what you mean by “ok to good”.
If a personal loan, almost no chance.
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Q&A: How long does it take it when you do a cash advance or loan to appear in your credit report?
Question by ME: How long does it take it when you do a cash advance or loan to appear in your credit report?
I am closing tomorrow on my first home. People, not the realtor told me that you should not do any cash advance or purchases with your credit card. You should also not do any loans because the banks pulls your credit report right before the closing and they don’t like to see any purchases or loans. I was told today that I might have to pay something at the table tomorrow at closing. Just in case I wanted to take out 1000 from one of my credit cards in case it was more than what I have. Do you think If I do a cash advance or signature loan 2 hours before the closing that it will show up in my credit report? I’ve heard that the credit report does an update monthly not daily or hourly. Please let me know what you know =)
Well, they know I had money in my savings because they verified that. I had $ 9k I gave $ 3k to for the contract and canceled it before the 15 days because I still wasnt approve and then I gave again $ 3k and did another contract and canceled again because I still wasnt approved and then now the last time $ 3k which is what they are returning back to me tomorrow at the closing. So, they should be aware that I have money and due to the delay in the approval I had to cancel and re-due the contract to hold the apt.
Best answer:
Answer by Etta P
I believe you will be fine. If a lender pulls a credit report today, right now, only the account information that will be updated will be thru the end of the last 30 day cycle or monthly will show up. Exception will be any inquires will show up right away. Please keep in mind that borrowers are not permitted to use unsecured advances for purposes of purchasing a home, so if an inquiry does show (which normally credit card advances do not cause an inquiry unless you are asking for an increase in credit limit) and the lender may ask you for a letter of explanation. They will be looking for you to say that there was no new debt. But if you say your taking a cash advance to close on the home, then that will hold things up. That is just food for thought. Hope it helps
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Can I break a commercial lease if the government closes my business?
Question by Hugh U: Can I break a commercial lease if the government closes my business?
I lease a storefront and operate a payday advance business from it. The State government recently passed legislation which forces me out of business because they reduced the fees I can charge by 93%. It’s impossible to pay my expenses, let alone make a profit, under these circumstances. I have two more years left on the lease – do I have any legal grounds to break the lease under these circumstances?
Best answer:
Answer by acermill
Not a chance, unless your lease agreement covered such a situation, which is highly doubtful. You took a business risk and conditions changed. It’s not the landlord’s fault that such occurred. Cough up and learn a lesson.
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Categories: Loan Questions Tags: break, Business, closes, Commercial, Government, Lease., lesson, Question, reduced
Q&A: Is there anything i need to know about a bank loan?
Question by FlyingMattress: Is there anything i need to know about a bank loan?
Okay so im trying to get a bank loan cause im buying a car from a private owner, and i dont feel like i can trust the person im paying the car on! i need help in case there’s something im missing!? please help! thanks!
Best answer:
Answer by Dan B
It’s good that you are using a bank to finance the car. Why? Because the seller is (like most people) not well versed in financing. They don’t understand interest or how to track and document your payments.
Applying for a bank loan to buy a car is the same, whether from a private party or a dealership. But you have to be sure the car you are buying is worth what you are paying. The bank doesn’t care if the car is a piece of junk. If you are borrowing the loan value of the car, you’ll be stuck with the debt regardless of the condition of the car.
Before applying for the loan, check the paperwork on the car. Is the title clear of lien holders. The title must be the ORIGINAL, not a photocopy (which can be altered). Also, check the registration. The seller must be the same person on the front of both documents or the seller must have a power of attorney authorizing him to make the sale on behalf of the true owner. Also, the VIN# must be the same on the car, title and registration. Don’t accept a “typo error” as an excuse for the mismatch. There are no typos on these documents.
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Possible to open an account without a credit check?
Question by tom t: Possible to open an account without a credit check?
I have a debt that i’m not inclined to pay and in the meantime i want to open a bank account. If i do that though, they normally run a credit check which could trigger the interest of the party to whom i owe money.
I don’t want any kind of credit or overdraft now, just a place to put my wages. Is there anywhere i can do that without arousing the interest of my creditors?
Best answer:
Answer by Cica
Sorry but no. Most banks require credit checks to open a new account. I suggest speaking with a credit union. I had bad credit also but with them I was still able to open an account. They can also help you clean up your credit at your own pace.
Best wishes
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Installment loans for people on disability with bad credit?
Question by Ellie Mae: Installment loans for people on disability with bad credit?
on social security disability and need a loan of about $ 2000. able to pay on monthly basis for installment loan, not payday loan.
Best answer:
Answer by gosam777
Your problem is lenders cannot garnish or seize government assistance money. Lenders need a guarantee if you default, they can recover at least some of their money. Since they cannot take SS money, they have no way to recover it, and won’t lend it out. Unless you have some collateral, a car with free title, electronics, furniture, something of value you can use as security, you won’t find anyone.
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Categories: Loan Questions Tags: Credit, disability, Ellie Mae, Installment, Know, Leave, loans, People, Question
What can I do about a loan in my name that was opened not entirely willingly by me?
Question by James Light: What can I do about a loan in my name that was opened not entirely willingly by me?
My girlfriend, at the time, had me open an installment loan to pay for her child’s special education. After we split up, I agreed to pay a portion of the loan because I like the kid and the program was really helping, but now she refuses to pay any of it. I’ve been told by others who have “lawyer friends” that there are ways out of this pickle. No search results are specific to my situation but most concur that if it isn’t fraud, I’m stuck. Ideas?
Best answer:
Answer by Carys Thomas
My boyfriend lent me money to pay off my debts and when we split he demanded the cash back with interest or he’d take me to court. I spoke to a friend who said that the only way he could claim back that money was if there was a signed written agreemetn to pay it back, which there wasn’t. Leaving my ex with no leg to stand on. The court would see it as a gift because it was to help pay my debts to enable us to get a mortgage. I repaid him in cash rather than bank credit transfer therefore there was no trace of payments.
So if you don’t have anything to prove that your ex was going to pay a portion of the loan then I would assume that you would not be able to prove that she was liable for it. Really sucks that you’re in this position. If you have any texts or emails from her stating that she refuses to pay it or where she’s actually admitting to being partly liable for it then I suggest you show these to a court or print them off as evidence that she’s admitted to taking out the loan to benefit her with a promise to repay.
Might not help much but maybe try and get her to reply to you in a way that she admits being responsible for payment and evidence that she refuses to pay it back?
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What is the best way to go about renting an apartment with bad credit?
Question by weavera79: What is the best way to go about renting an apartment with bad credit?
A friend of mine is trying to rent his first apartment with bad credit. Does he have a chance?
Best answer:
Answer by apollo
I answer this question everyday. With the company I work for, the answer is yes. Many times I ask a double deposit if the credit is not the best. It really depends on what is on the credit report.
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