Loan


Payday Loans without Checking Account

While most federal banks and private lenders offer loans for those with a checking account, it is quite possible to get cash without such an account...


A payday loan without direct deposit is a great way to borrow without sharing bank details to lenders and if you have no checking account...
This is one reason you should compare several different lenders to find the best deal and repayment terms...
Remember that you are going to repay any loan with certain interests; therefore, you should always compare and make a short list of lenders...


The number of lenders offering a payday loan without checking account seems to be increasing over years, so there is definitely a deal for anyone...
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Down Payment on a House



According to the program, loans are granted by FHA-backed lenders...
The Federal Housing Administration accepted the role of an insurance company and was to provide assistance to lenders in cases whereby borrowers defaulted on down payments...


There are a number of so called down payment assistance programs, which are intended for helping people build sums of money to buy a high value property...
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Extending The Term When You Refinance Student Loans

If you extend the loan to save money each month, ask yourself where those saving will go...
Will the extra money allow for new career opportunities, investments, or paying down more expensive debt?

If extending the terms of your loan frees up money to invest in your future, then it may be the right choice for you...
Amy decides to refinance her loans to private loans to get a lower interest rate, but this time she doesn’t extend the term.

Amy’s monthly payments are lower than they were originally, but they are still $218 more than they would be on the longer 25- year term...
Which brings us to…

Cons of extending your student loan term

You’ll pay more money over time

Because you will be borrowing money for a longer period of time, you will pay more in interest over the life of the loan, even if you do get a lower interest rate.

You’ll be in debt longer

By extending the term of your loan, you are agreeing to be in debt for that much longer...
The new private loan terms include, among other things, a new interest rate and, potentially, a new term (the length of time over which you have to repay your loan).

For example, you could take your Federal student loans that have a 10-year term and refinance them into one private loan scheduled to be paid off over 20 years.

If you have the option to extend the term of your student loan when you refinance, you should consider a number of factors before making your decision.

Pros of extending your student loan term

You’ll have lower monthly payments

By extending your loan term, you will be able to make lower monthly payments...
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Here are some questions about the HARP refinance program

(Some lenders offer HARP only to existing loan customers.) You can find lists of participating lenders on Freddie Mac’s and Fannie’s websites....


One problem is that some borrowers are skeptical or fear that an offer of a lower mortgage rate is a scam, even when their own lenders initiate contact, said Guy Cecala, publisher of Inside Mortgage Finance, an industry publication...


Still, about 700,000 borrowers remain eligible and are considered “in the money,” according to the F.H.F.A...
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A Brief Guide to UK Loans

This is because the bank or lender offering the loan wants the security of being able to repossess the home and get their money back should you not be able to keep up with the repayments!

Secured loans usually allow you to borrow more money than with a personal loan and many lenders offer good interest rates, especially if you already have your mortgage with them and haven’t missed a payment.

If you’re thinking about getting a secured loan, you’ll need to seriously consider what would happen if you were to struggle with the payments...
This is handy if you need to buy something now that you perhaps wouldn’t have the money for until next month.

The best way to use credit cards is to pay them off in full each month...
Payday loans are designed to bridge the gap when borrowers run out of money before getting paid at the end of the month.

The option of getting money fast – hundreds of pounds in as little as five minutes – is very convenient for some people. However, if you’re looking for quick and easy cash to tide you over, be fully aware of the extortionate costs and damage a payday loan can do to your credit rating before making any hasty decisions!

Payday loans cost more in interest than any other type of loan product...
Take Wonga for example, one of the UK’s well known payday lenders – their loans come with a massive 1,509% APR representative!

Payday loans are an easy borrowing option in theory, but in reality they spell trouble! They could land you in serious financial bother, if you can’t afford to pay them back.

Do your research

This post is a short overview of the main types of loan products available in the UK...
There are many lenders that will allow you to borrow at 0% interest for up to 20 months...
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Imprest Balance



Accounts payable, or payables, are pretty much similar to notes payable with the only difference that the first is the statement that an individual or a business has a debt to its credit lenders for purchasing services or goods...


If you have some obligations to creditors, banks or other institutions or lenders, you will most likely be asked to sign formal agreements, also known as notes payable ...
When the set limit is used up, the money is replenished to the original amount, so that the sum is equal to the total expenses...


The purpose of establishing an imprest fund is to ensure a constant flow of money for minor purchases that are usually made outside the regular ordering cycle...
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