What loan companies will give you a loan for a motorcycle if your credit is really bad?
Q. I helped an ex get a motorcycle and now need him to repay me. He needs to take out a loan and repay me or buy the bike from me. His credit is horrible but there has to be places that will still give you a loan. Please help me with advice!
Asked by ali - Sat Oct 6 22:16:18 2007 - - 5 Answers - 1 Comments

A. All I can say is, if you own the motorcycle, take it back. If he does, tell him to get a title loan. He can make payments but depends on what he still owes you.
Answered by jsfnita - Sat Oct 6 23:12:23 2007

If I consolidate my student loan with a personal loan can I still write off the interest?
Q. I had a federal student loan which I consolidated about 8 years ago to someone who eventually sold that loan to Citibank. I pay about 8.35% in interest. I am considering paying off that student loan with a personal loan where I can get a better interest rate. If I do this will I still be able to write off the interest I pay on my taxes?
Asked by MLE - Wed May 14 21:25:51 2008 - - 1 Answers - 0 Comments

A. Nope. It will no longer be a student loan then. You may be able to consolidate several student loans into another student loan at a better rate, but if you pay it off with a personal loan you'll be left with a non-deductible personal loan.
Answered by bostonianinmo - Wed May 14 21:30:09 2008

How exactly do 'interest only' mortgage loans work? When do I pay on the principle of such a loan?
Q. I know APR loans are a bad idea, but how would an interest-only loan work? Would it still be a 30 year note, or do they extend the loan? Would I be able to get a fixed rate with an interest-only mortgage loan?
Asked by ronidl76 - Thu May 17 17:02:37 2007 - - 5 Answers - 1 Comments

A. In an interest-only loan or mortgage the borrower only pays interest each month. This makes it cheaper than a conventional mortgage, in which part of each month's payment goes towards the principal and part goes towards interest. These loans have become popular because the monthly payments are lower, allowing borrowers to afford a larger home. However, these loans can be dangerous, especially in a down housing market. The interest rates are generally fixed for the first 1, 3 or 5 years. After that, they convert to a conventional loan, with a higher monthly payment. Most borrowers take on these loans because they assume they will sell the home before the interest rate increases. In a down market, they may not be able to sell. If they… [cont.]
Answered by Kim F - Thu May 17 17:11:35 2007

What student loan company has the lowest interest rate?
Q. I currently have a nelly mae loan(sallie mae) and they are way too high. Whats a good loan company for me to look at for next school year? please only answer if you actually have taken out a loan with the places you recommend.
Asked by Shon - Wed Feb 13 21:49:15 2008 - - 1 Answers - 0 Comments

A. Federal loans are regulated by the government so all the rates are the same no matter what bank you take the loan from. Perkins loans are 5%. Stafford Loans are 6.8% and some of them the government pays the interest while you are in school. I'd stay away from any Private student loans, they are EVIL! Good luck
Answered by Found-1 - Wed Feb 13 22:18:10 2008

How does a preapproved car loan work?
Q. I'm about to get a new car just dont know what yet. Want to get the loan today because Friday Im going to go look. Want the money with me so I can buy it on the spot.I know for a regular car loan they ask for a VIN number.If I get a preapproved loan and dont use all the money that is on the loan how would i use or return it?
Asked by PrettyBoi - Wed Aug 15 16:27:05 2007 - - 6 Answers - 0 Comments

A. Some banks pre-approve you for a certain amout and the dealer works with that bank directly; not too many banks give you a blank check with a certain cap off amount. Stick to your bank, dealers always want you to sign up with their banks, i think you end up paying for more. When you walk up to a dealer pre-approved for a certain amount, its like walking in with cash so you can negotiate since they dont have to pre approve you. Go to a Credit Union they have better interest rates than banks do. Good luck.
Answered by mastermind delinquent - Wed Aug 15 16:37:56 2007

How exactly does a secured loan work?
Q. If I got a secured loan against my home and I sell me home, do I have to pay my unsecured loan off when I sell my home? Or can I continue to have my loan and pay it off every month for the term of the loan? No, I am not talking about a home equity loan. A secured loan against my home- do I pack that back when I sell my home or not?
Asked by A. S - Sat Nov 17 16:41:22 2007 - - 3 Answers - 0 Comments

A. yes if you sale anything that is secure by any item before you can sale it you have to clear it when the lending company!!!
Answered by mister ed - Wed Nov 21 15:46:00 2007

What kind of loan can I get to consolidate private student loans?
Q. I have $100,000 in private student loans from two lenders. The interest rate is over 10%. Is there a way to get another loan to pay this off at a lower interest rate? What kind of debt consolidation program should I consult? Most student loan companies only deal with Federal loans it seems. I keep seeing ads for mortgage loans with low monthly payments-- is there something similar I could get for a personal loan? THANKS!
Asked by bbrrpf - Wed Feb 21 16:54:14 2007 - - 2 Answers - 0 Comments

A. You know what my answer to this problem is? I am joining the Marine Corps. I'm gonna be programming. There are plenty of different jobs in the Corps other than just killing ppl. So if I were you I'd go to marines.com and search for your nearest recruiter to see what they could do for you. What do you have to lose by talking to a recruiter. Nothing.
Answered by marinehacker202 - Wed Feb 21 17:04:04 2007

How do I get personal loan with fair credit score but debt to income ratio is high. I had been declined?
Q. I just got a new job as a nurse, my college loan, car loan, co-signer daughter car loan, mortgage payment, owned a house but no more equity left. my credit score is fair, no late payment. I need immediate financial need to keep me going for the next 6 month. Where can I get quick loan ?
Asked by Moe - Wed Jun 27 07:49:47 2007 - - 13 Answers - 0 Comments

A. try prosper.com
Answered by svictor24 - Wed Jun 27 12:48:28 2007

How can I recieve a private loan to cover my mortgage payment while in pharmacy school?
Q. I would need to get a loan of $30,000 per year to cover the costs of my mortgage and other bills until I graduate. Are there any loan companies that would loan this amount? Would the loan company continue to do this until I graduate?
Asked by trsummit - Mon Jun 23 10:24:04 2008 - - 2 Answers - 0 Comments

A. My school on the cost of attendence financial aid sheet does have a line for housing expenses. If you think it is too low, you can appeal the ruling. You will get loans: federal and private up to the cost of attendence.
Answered by Lea - Tue Jun 24 13:31:41 2008

Student loans not in repayment or in deferral included in a mortgage loan application as an expense?
Q. Am applying for a mortgage loan and have two school loans already on my credit report but specify one is not in repayment and second is deferred. However, the loan application is requesting all expenses listed on my credit report. Are these loans not in repayment included in my expense ratio?
Asked by Ana C - Sun Sep 16 12:40:04 2007 - - 5 Answers - 0 Comments

A. Student loans that are deferred...need to be deferred for 3yrs in order to take it out of the expense ratio. If not, i would highly recommend that you find the original contract of the student loan. otherwise, the underwriter will use his own calculations of what you will pay...which is USUALLY higher than you will normally pay.
Answered by Carolinahomerates.com - Sun Sep 16 12:49:56 2007

What are the ins and outs of getting a construction loan to build a home?
Q. My husband and I are 1st time homebuyers. We have been preapproved for a house loan, but are not having luck finding what we want. We have toyed with the idea of building our own. What are the differences between getting a preapproved loan and buying a already built house and going through getting a construction loan? Do you have to put money up front for a construction loan? Do you make mortgage payments while the house is being built, or do you wait until the house is completed? Is there a time frame that the house must be built within? If we were preapproved for a certain amount with a homebuyers loan, would we likely be preapproved for the same amount for a construction loan? What other differences should I know about? Since we… [cont.]
Asked by amyann16 - Mon Dec 4 09:30:21 2006 - - 4 Answers - 0 Comments

A. Your pre-approaval only applies to the loan type you requested. If you change loan types you must be pre-approved again fot that specific loan type. The most favorable option for you is called a "Construction/Premanent" or "One Step" loan. This loan combines both the construction loan and the permanent loan in one package so that you are not paying two sets of loan fees. Not all lenders offer this option so you may have to shop for it. If you will let me know which state you are in I can help you find a lender who offers this program. Your minimum down payment will be 5% of the sales price of the land and proposed construction costs combined. In addition, the lender will require you have sufficient funds for closing costs and,… [cont.]
Answered by mazziatplay - Mon Dec 4 12:29:16 2006

How does a grad school loan work with company-reimbursed tuition?
Q. My company will reimburse my grad school tuition based on my grade for each class. Am I supposed to get a loan first and pay off the loan with the reimbursement money, or do I wait til the end of the semester to pay the tuition? Any good sites for grad school loans?
Asked by NUnum1 - Mon Jul 7 20:58:00 2008 - - 1 Answers - 0 Comments

A. Think of the tuition reimbursement entirely separate from any loans you get. The school does not care if you apply for fin aid or not. However, unless you have the cash to pay your tuition without the loan, you may have to take out a loan to pay your tuition. Most schools require you to pay your tuition up front.. but some do have payment plans on sort of a "pay as you go" through the semester to be paid off by the time the class is finished. To apply for a grad school loan (Stafford at fixed 6.8% interest) go to Your employer should pay you after your grades come in... its up to you what you do with the money. Best to pay off the loans, but not mandatory.
Answered by Found-1 - Tue Jul 8 01:41:59 2008

How can I get a personal loan or someone to invest in my start-up business overseas?
Q. I am currently in the military and I get out in the middle of December. I am currently in the middle of starting up a Day Spa (Beauty Spa) for females (in Bahrain) and I have already invested about 85K in loans into the business. I have nearly excellent credit (which is why I got the loans) which I have maintained for about 14 years. Now, about seven weeks from opening, I foresee a shortage of about 30K. I have searched everywhere for another loan, to include the new Patriot Express Business Loan for the military, but, they will not loan for a business overseas. Also, the number of loans on my Credit Report doesn't make it a great idea to apply for another one. In the first month, my projected revenue is 15K. This total will double… [cont.]
Asked by seane.beard - Wed Jul 11 23:21:30 2007 - - 20 Answers - 0 Comments

A. As soon as I get the $50,000 from Mr. Sanjae Gubageghandor in Nigeria as payment for the money I loaned him to get the former Nigerian President's millions of dollars out of storage, I will send the money to you as a gift... just keep it... I have tons more where it came from.
Answered by yobarrabas - Wed Jul 11 23:31:06 2007

Can you get a personal loan to use as your personal contribution on a business loan?
Q. I want to get a personal loan as my 20-40% contribution on a business loan. Can I do that?
Asked by templeofdoom1234 - Sat Apr 18 12:34:22 2009 - - 1 Answers - 0 Comments

A. I highly doubt you can do that The banks will want to see that you have the 20-40% money when you apply. That means you should have gotten the personal loan PRIOR to applying for the business loan The problem with that is that the banks do credit checks. They will see that you've gotten a loan for the same amount you're saying as your contribution. And that could jeopardize your chances of getting the business loan Save up. Or seek out loan from other sources, one that will not be tracked with a credit check -- e.g. families and friends
Answered by imisidro - Wed Apr 22 10:12:38 2009

How do I loan money from the bank to open a small business?
Q. I want to open a little fashion retail store that cost about $100,000. What is the requirements I need to have so that the bank can loan me the money. What documents and information will they need from me for this loan?
Asked by crazygirl - Thu Nov 20 12:23:24 2008 - - 1 Answers - 0 Comments

A. Now's a bad time to get a loan as the credit market remains very very tight (meaning banks are hardly lending except to those with very good qualification criteria) Some banks extend what they call "small business lines of credit" often through credit cards. Those are easier to get and can be based on your credit history alone. They typically are up to $100,000. For example, Wachovia's has various business lines of credits Their business line of credit can even be approved overnight, However, if you're applying for a loan and if it is a big amount, banks and even the SBA may consider other factors aside from your business credit: - A business plan explaining what the business is - Your background and experience in the business -- in… [cont.]
Answered by imisidro - Thu Nov 20 12:29:41 2008

How can I find the best loan option in order to refinance our home?
Q. We have put an addition onto our house through a personal loan from a family member and want to refinance in order to pay the loan off. I am interested in doing a no doc, or stated, type of loan.
Asked by acaschato - Fri Jun 2 11:56:56 2006 - - 4 Answers - 0 Comments

A. Try Lending Tree on line. You can specify what you are looking for and then the brokers, banks and S & Ls will come to you.
Answered by eskie lover - Fri Jun 2 14:50:46 2006

How do student loan repayments by your employer work?
Q. I recently graduated and I've heard some companies will offer "loan repayments". Do I understand correctly that I don't pay any taxes on this amount? Does it matter if its federal or private loans? Can anyone (employer) offer this type of incentive?
Asked by Andy S - Sun Oct 19 16:18:55 2008 - - 0 Answers - 0 Comments

A. If you are in the US, this would be income to you. The only times it wouldn't be is if you took the loan with the contractual agreement that you would work in an underserved area for x number of years (ala the doctor in the tv series "Northern Exposure").
Answered by v b - Mon Oct 20 02:54:44 2008

What kind of loan can I get to help with college and paying rent?
Q. I preferably need a loan that allows me to delay interest payments until after I graduate. I already have a loan for this semester, but I need another for next year. My parents can not co-sign for me, so my last loan wasn't enough to cover the whole year. Also, I don't live on campus so I need a loan that will allow me to use part of the money to help pay my rent. I've looked at a few loans that only allow you to use the money for 'educational purposes' so I'm not sure if living expenses off campus count. I do work part time, but it is simply not enough to cover everything. Any advice would be great. I'm really in a tough spot.
Asked by Eloisea - Fri Feb 23 01:31:30 2007 - - 4 Answers - 0 Comments

A. Start by going to and filling out the online form for federal student aid. After finding out what you are eligible for in terms of subsidized stafford loans, you can figure out if that is enough to finance your tuition and expenses. In most cases, it isn't. If you find that you need more money then you are offered, you may want to try a private student loan. The best thing to do is compare the different private lenders out there, which can be done at Most of the rates are very similar but do a little research and pick one that you think is best. I would suggest Think Financial. The application process is very quick and easy, and the check is sent directly to you so you can use the money for whatever you want. The limits are much… [cont.]
Answered by Geo - Fri Feb 23 16:14:58 2007

What kind of loan do you get to fix up a new home you just purchased?
Q. I am purchasing a foreclosed home and the previous owners took the kitchen cabinets and counter tops. Now my banker says I can't get additional money to purchase what i need to fix the kitchen. So my question is where do I get a loan for that? Or what kind of loan?
Asked by Julie L - Tue Jun 17 15:35:06 2008 - - 9 Answers - 0 Comments

A. You say you are purchasing a foreclosed home which tells me you haven't closed on it. One option is to not close on it, depending on what your contract says. It sounds like you are not working directly with the lender that owns the home. Try working with them and they would probably include the price of new cupboards. I bought a whole kitchen at a big box store 50% off as they were changing their line. The owner does not want the house. Also the loan officer should have asked if you would need additional money. FHA 235 is now a fairly easy program, but you can't refinance what you don't own. If you really want the property see if the lender you went to has the option of a 235 (probably not). If not check with the lender that owns the… [cont.]
Answered by Richard B - Tue Jun 17 16:19:59 2008

What is the loan modification with your mortgage while in Chapter 13 bankruptcty?
Q. After filing Chapter 13 bankruptcy (mortgage included -fixed rate) my husband became unemployed, so we are now 6 months behind on our mortgage and our attorneys are submitting for a loan modification, what is the process? Is a loan modification always granted? My husband is now currently working and has been for 3 months now, it has just taken us this long to finally get in touch with our attorneys and also the mortgage lenders attorneys.
Asked by My2Boyz - Tue Mar 10 10:25:56 2009 - - 2 Answers - 0 Comments

A. no not always. If the lender and the trustee believe that you cannot honor the payment plan then they will take the home out of the bankruptcy filing by a motion from the lenders attorney and foreclose on your home. The worst thing is that he lost his job so how can you even pay the trustee the required payments unless you were on a short schedule and modify it to the full 5 years
Answered by golferwhoworks - Tue Mar 10 10:36:21 2009