Do Companies that give bad credit personal loans allowed to ask for a couple months payment up front?
Question by thinline: Do Companies that give bad credit personal loans allowed to ask for a couple months payment up front?
I applied for a bad credit perosnal loan online. A company called Birchmount Lending called stating i was approved for 5000.00, with monthyl payments of 224.54 for 2 years. But since my credit wasnt the best i would have to give them 4 payments upfront. Tell me what you think
Best answer:
Answer by ?
I think you need to tell them you’re not interested. Your interest rate will be so high. Legitimate loan companies don’t ask for money up front.
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Q&A: Can I borrow a small loan from a credit place where I have a car payment with?
Question by Jo-Jo: Can I borrow a small loan from a credit place where I have a car payment with?
In other words, I have a car and right now I had it financel from a place called Pioneer credit. I was thinking since I already had payments with them that maybe I can get small loan for christmas. Would they be able to give me a loan like that and would they be able to just add that amount I borrow on top of the total balance of my car payment?
Best answer:
Answer by SPIFIMAN1
Auto finance is what I do for a living and that is going to be totally up to your lender to decide.
But as long as you have had the loan long enough, have a good payment history, budget for the higher payment and most importantly have some equity in your vehicle, your chances are very good.
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Is it okay to get a small loan for your first apartment payment?
Question by : Is it okay to get a small loan for your first apartment payment?
Okay I’m trying to move into my first apartment with a roommate. The place we want, wants for the two months payment up front. I waz wondering would it be a dumb idea to take out a small loan to make that first payment.
Best answer:
Answer by Judith
I think that it is always a mistake to take out a loan unless it’s for a house or car. And I think taking out a loan when you will be sharing an apartment with a roommate is a very big mistake. Unless you and the person you are sharing the apartment together with is a very, very good friend. you need to consider that living with someone for a year is a long time and I’ve known too many roommates who turned out not to get along and one leaves the other holding the apartment alone.
Save your money and only then move. Don’t do credit cards. Live within your means and save at least 10% of your take-home pay. I have always had debts until about two or three years ago and, at age 65, am finally debt-free. Because I always had credit cards and loans I was never able to save money and I have nothing to show for all the years I worked. Do not make the same mistake.
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What would happen if I stop payment on a large payday cash advance check?
Question by Ang: What would happen if I stop payment on a large payday cash advance check?
Would they let me just pay them back in smaller payments? Or would I get in some kind of trouble?
1. I have not stopped payment yet, it’s due to come thru the bank Monday, do you think I can call them beforehand and set smallest payment up?
2. My check will not bounce, my bank will cash it and i will go negative a grand.
3. This is a store lender, check-smart, not internet lender.
Best answer:
Answer by Answer Guru
Well here’s something I just pulled up: “If the account is short on funds to cover the check, the borrower may now face a bounced check fee from their bank in addition to the costs of the loan, and the loan may incur additional fees and/or an increased interest rate as a result of the failure to pay”. That sounds serious, unless you know your going to have doubled that check in like 3 months, I would just pay and get it over with.
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Determining the Monthly Payment of an Installment Loan
One important things to remember is how people should focus more on how they can be educated financially. Everything you have to know regarding buying,say car loans or home mortgages will be handed to you in this detailed video.
This video really helps out people to provide them knowledge and avoid bad things to happen to their account. The video will talk more on how you can be guided on fixed payment installment loans that could be the answer to be aware of the necessary payment being presented to you.
By having this, you will have the edge of establishing a wide base of understanding certain processes that will be brought out to your attention.
So have the time and enjoy watching determining the monthly payment of an installment loan.
Categories: Loan Videos Tags: Calculator, Installment, loan, Monthly, Payment