†?!?K †??K² asked:


My employer asked me to give her a loan. She said she will pay 2% of the total borrowed amount per month and at the end of the year, return the original borrowed amount. I figured this is 24% APR interest rate. Is this legal for me to do?

Caffeinated Content

†?!?K †??K² asked:


My employer asked me to give her a loan. She said she will pay 2% of the total borrowed amount per month and at the end of the year, return the original borrowed amount. I figured this is 24% APR interest rate. Is this legal for me to do?
She said she would sign a promissory note.
Thanks to those that has given me an advice already. I am re-asking to get some more professional opinions.

Caffeinated Content for WordPress

mistakenlybashful asked:


Everything is on my name… the house, the truck, credit cards which my wife and I are wanting to pay off but since we fell behind a bit my credit score is very low. Hers on the other hand is 120 higher than mine. Her name is on one thing only - a small unsecured loan. Would we be able to get a nice personal loan on her name and with a nice interest rate?

Caffeinated Content

Adam D asked:


I have no clue what the range is on unsecured personal loans around $5,000

Caffeinated Content for WordPress

Kristin Abouelata - Home Loans asked:


When deciding upon a home mortgage, one of the most common options to consider other than a fixed rate loan is an ARM loan. ARM is an acronym for adjustable rate mortgage. With this product, a starting rate is fixed for a certain period of time, and then when that time is up, the rate can adjust depending upon a pre-determined index and margin. This period can be from anywhere of 1 month or 10 years, and can reflect principal and interest or sometimes interest only payments. The adjust results in the mortgage payment either increasing or decreasing. There is also a cap on how much the interest rate can go up or down.

Many people today are afraid of ARM loans and automatically only consider a fixed rate loan when applying for a mortgage. Depending on the market, this philosophy is sometimes the most economical route. But many times it may be worth your while to consider an ARM loan.

Within the past year or so, there wasn’t any real discernable advantage to considering an ARM over a fixed rate loan. The rates were comparable. But lately, the rates in general have crept up and, when comparing them, the ARM rates can have a healthy edge.

When I take a loan application, I ask my customer what their future plans are. Only going to be in town for a couple of years? Do you work for a company that relocates often? Do you plan to expand your family any time soon? Answering yes to any of these questions is a trigger for me to present an ARM loan as an option. The average homebuyer only stays in their home 7.5 years. I recently had a customer who knew she would be in town for only 3-4 years. The difference between a fixed rate and an ARM rate was .375%. The ARM rate was fixed for 5 years before any adjustment would occur. No brainer.

There are a myriad of mortgage products out there for the consumer to consider. Ask questions of your loan officer, and more importantly, expect your loan officer to ask questions of you. And if you can’t sleep at night because you know that one day that ARM loan can adjust, just remember one thing. You can always refinance your loan when that time comes. Now, get some sleep.

Kristin Abouelata mortgage website



Jennifer

Leela asked:


a known company, with a good interest rate.

Rhonda

Gray Smith asked:


Many borrowers are worried because of credit problems. Credit problem is the main problem of the borrowers whenever the borrowers want to avail loan then bad credit history doesn’t allow to apply for loan because many loan companies or lenders don’t want to take risk on the bad credit history to provide loan, they don’t believe in your credit history, thus you have to face the difficulties. However you can avail loan. Personal Loans without Credit Check and Job is one of the best solutions for you. Personal Loans without Credit Check and Job lenders don’t have any requirement to fax the documents or no credit check. So it’s simple for you to apply for Personal Loans without Credit Check and Job. You can get the cash from $5000 to $25,000 then you can face unexpected emergencies easily, and after using Personal Loans without Credit Check and Job you can bright your future. Personal loans are two kinds of loans as unsecured personal loans and secured personal loans. Secured personal loans are provided on the borrower’s property as home, ornaments, etc. but unsecured personal loans are provided against the borrower’s property. Personal Loans without Credit Check and Job is one of unsecured personal loans. The interest rate is also different for unsecured personal loans or secured personal loans. The interest rate may slightly more for unsecured personal loans than secured personal loans because unsecured personal loans are provided without checking credit history or no pledging the asset of the borrowers. And repayment process of unsecured personal loans is shorter than secured personal loans. The process of availing for Personal Loans without Credit Check and Job on internet is very easy and quick. Before applying for Personal Loans without Credit check and Job you are to fill up few formalities like name, address, phone, social security number and a bank account number in the application form and rest of the work will be completed by the lender, and after verification the Personal Loans without Credit Check and Job will be transferred in your account within few hours on the same day you apply. If the borrowers suppose to apply for Personal Loans without Credit Check and Job, they can also apply for Personal Loans without Credit Check and Job because Personal Loans without Credit Check and Job is provided without checking credit history of the borrowers. After using Personal Loans without Credit Check and Job borrowers have got an opportunity to remove the personal problems like home repair, car repair, purchase a bike to go to office from home, higher study, pay the medical bill or electric bill, plan for go on any place to spend the summer vacation, etc, and other bad credit borrowers can mend your credit history by repaying the Personal Loans without Credit Check and Job amount within date of maturity.



Caffeinated Content

Gray Smith asked:


Getting money under bad credit history is not easy, borrowers have to go through a long and boring process of the loans, sometimes it may be refused by the credit agency or the lender for the cash. If you are also one of them who are opting bad credit history, you can apply for High Risk Personal Loans Unsecured. The advantage of the High Risk Personal Loans Unsecured is that you are free from all the boring process and your credit record will not be a hurdle for you in the processing of the cash that will be in your account through High Risk Personal Loans Unsecured. You are to search over internet and you will find that there are lots of lenders attached with High Risk Personal Loans unsecured be ready to take high risk on your credit history But you will have to pay a bit higher interest rate for High Risk Personal Loans Unsecured. If you are ready to avail High Risk Personal Loans Unsecured, you just apply online for High Risk Personal Loans Unsecured by searching over Internet; you will find numerous lenders providing High Risk Personal Loans Unsecured duration of searching over Internet. You are to only opt a right lender according to your requirements. After opting a right lender an online application form will be provided you to fill up in the processing for the High Risk Personal Loans Unsecured. The lenders will complete rest of the work, after verification the cash will be attained in your account within few hours on the same day or the next business day you apply. High Risk Personal Loans Unsecured can be used for various purposes like pay the medical bill or other unexpected bills and you can use High Risk Personal Loans Unsecured for other reasons like home fix up, car fix up, spend the money in your daughter’s marriage, and dream vacation. High Risk Personal Loans Unsecured is those, loans which the borrower takes up from the lenders in spite of there being a risk of non-repayment attached to it. Higher risk personal loans may be required by the borrowers for fulfilling any needs of the borrower like debt consolidation, educational expenses, etc. High Risk Personal Loans may be of two categories of unsecured loans and bad credit loans. High Risk Personal Loans unsecured which are collateral free and there is no guarantee of repayment from the borrower, then they are called as unsecured loans. Any borrower who is employed can take up these without pledging any assets. So this opens up the opportunity for homeowners, non-homeowners and tenants to borrow money easily. The High Risk Personal Loans Unsecured amounts that can be borrowed through High Risk Personal Loans Unsecured lie in the range of $1000-$25000. The borrower is usually given a repayment term of 1year to 10 years for the repayment of High Risk Personal Loans Unsecured. The rates charged on High Risk Personal Loans Unsecured are high due to risk of non-repayment. To lower these rates, the borrower can research for low rate deals through the online mode. They are practically a second chance to the people who need money and are trapped in bad situations. One should use the money thoughtfully.



Website content

Emily asked:


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?

Caffeinated Content for WordPress

Gray Smith asked:


No tedious task to avail Unsecured Personal Loans because Unsecured Personal Loans are designed in two types of loans as secured personal loans and other unsecured personal. Secured personal loans are secured against the borrower’s property. Lenders become more flexible in the case of secured personal loans. The lender claims the property of the borrower if the borrower fails to repay the debt. Unsecured personal loans are an entirely different in its nature. Unsecured Personal Loans are the personal loans where the borrower’s property is not secured against the credit. There is no need for the borrower to offer property to the lender as collateral, which means the lender has no human rights to the assets of the borrower. Unsecured Personal Loans are good for people who cannot obtain a secured loan due to be short of securable property. In the amount range Unsecured Personal Loans is very secure up to $25,000. The repayment period may vary from 1 – 10 years. Before borrowing the money, the borrower’s capacity, character and capital are checked by the lender. With no guarantee of repayment, the lenders of Unsecured Personal Loans depend on the ability of a borrower to meet repayment conditions. In the event that a borrower fails to repay the debt, the lender can prosecute the borrower through the legal system. As there is no required collateral for Unsecured Personal Loans are classier than a secured loan. In other words, the interest rate is higher than for secured loans. This additional interest is mostly to cover the cost of insurance, which is needed to provide safeguard from bad debts. If you are supposed to apply for Unsecured Personal Loans, you must have a regular source of income and earn more than $1000 per month, you must have an active checking account at least 6 months old and you must not be less than 18 years. If all the formalities you have, Unsecured Personal Loans in your hand or in your right bank account. If you are suffering with bad credit history and you hope to avail Unsecured Personal Loans, it is easy for you just apply for Unsecured Personal Loans that are provided without scanning the credit history and receive up to $25000 within few hours by filling up an online application form, the interest rate are different for unsecured personal loans as if you have a good credit history and you have availed Unsecured Personal Loans, the rate of interest is low, and if you have bad credit history and you have availed Unsecured Personal Loans, the interest rate slightly more, because of your credit history to provide Unsecured Personal Loans is risky for lenders. In other words the interest rate is a bit high to compare secured personal loans because Unsecured Personal Loans are the unsecured loans, which are provided without pledging the asset of the borrowers. The extent of borrowing is normally less than on secured personal loans and the APR on Unsecured Personal Loans are often higher than on secured personal loans. The upper borrowing limit of Unsecured Personal Loans is up to $25,000. You can also obtain Unsecured Personal Loans with a repayment terms of up to 10 years. But is it is always better to keep the repayment period shorter and pay off the monthly installment. The sooner you pay off your debts, the more you save on it.



Caffeinated Content - Members-Only Content for WordPress