nexcane asked:


We are looking for $96,000. I have a detailed business plan which projects strong growth and profits. I have tried banks and the SBA, however I have nothing to secure the loan against though I recently purchased a $300,000 house (no equity yet). This is far to little information to base an informed decision on, so please ask for more information if interested in learning more. This company will succeed. The question is: Would you like a piece of our success?
My busines spartners and I are looking an numerous options and have been doign so for some time, however with the internet’s ability to connect people we felt this is yet another option available to us. We will of course thoroughly evaluate all potential investors.

secured loan

Haze asked:


Hi.. i have a car loan from HSBC. Unfortunately i have not enough money last month and did not pay (so i skipped one month) but I will pay double at the end of this month. (as if, last month’s loan plus this month’s loan).

But i feel not so secure. I don’t know much about this. What do you think would happen?

Btw, i never skip any payment before- this is the first. Thank you in advance.

secured loan

BlueMermaid asked:


I am selling my house ( sale by owner ) and the person buying is putting $5,000.00 down and wants to put up his SUV to secure the rest of the loan

The home is a 1600 sq ft Century home Pierpont Ohio 1.5 acres with a mobile home attached

What do I need to do

I mean do I have to have the title put in my name until the balance is paid off - and if so doesn’t that mean the regisatration and title will have to be put in my name

There must be another way when using a car as collateral because I’D have to get insurance and everything BUT HE IS KEEPING THE CAR

I am confused and would like some expert help

No need to answer if you don’t know what your talking about I will just report you Yahoo Answers for spamming

it needs tons of works and has a new roof put on last year and the agreed upon price is ONLY $33,000.00 the land alone is worth $30,000.00. My Mother died and I just want to get rid of it…….. and not spend a lot of time and money doing so.. Sale By OWNER of course.

secured loan

Ty Davis asked:


I bank with Wells Fargo, and they do offer a secured credit card, but I’d prefer to get a small loan from the bank. I’d like to take out about $500. Would they let me do this if my parents co-signed on the loan? I want to build up MY credit, so I don’t want their names to be the ones being benefitted.

secured loan

truthwillnotbesilenced asked:


Remember the ‘redlining’ scandal? This turned out to be total BS - white people living in Roxbury also paid higher interest rates than black people living in Wellesley for loans of the same size and with similar credit scores - - - the difference was that the collateral was higher risk. Mortgages are secured loans - they’re so low-interest to start with, and they sell for only a few bps discount in the secondary market, precisely because they’re secured.

A new report shows different rates for auto loans…. But does that necessarily imply racism? A lot of poor / high crime neighborhoods happen to be largely minority neighborhoods. The car is more likely to be damaged or stolen - same reason the insurance rates are higher.

Consider also that in both cases, most applications are done over the phone with a written follow up - - - the loan officer never sees you - in fact he or she usually actually talks to the car dealer, not you.

This sounds like another fake scandal.
Kermit I completely sympathize and empathize with you, I’ve had similar problems with medical insurance - you change jobs and thus health insurers and the hospital or pediatrician just keeps billing the wrong insurance company and then tell you you have to pay the bill - the $8/hr receptionists are just too lazy to change the info in their system even though you repeat it to them 6 times.

But that doesn’t mean that if minorities are on average paying 25 bps more for mortgages that the banks are ****** - if the mortgages are secured by property in higher-crime / volatile housing value neighborhoods then secured loans will be priced higher.
No Shrink, you’re wrong, it’s a secured loan, the collateral value and risk is a valid concern - sometimes the most important concern - and it’s not at all illegal to consider it.

secured loan

water asked:


Hi Everyone -

After a 6 year expat assignment, I will be relocating back to the USA (hurray!!!) in December 2007.
The main problem I’m facing is that I will have no credit history in the US and I think it will be difficult to secure a loan from a bank to get a house and car.
Currently, I have no debt and after paying for the move back to the US I will have no additional cash to speak of.
I could sure use some advice from anyone who has done this before, or from anyone working in banking/finance who can give some pointers about what I can do.

Looking forward to being back in the US. Thanks in advance for any suggestions or help.

secured loan

notyoume asked:


The loans are

personal secured - $450
personal Unsecured - $1500
Auto - $12,000

all the loans are less than 1 month but I need to know how quick my score will go from 515 to 580 given I pay on time everytime.
Also as a note….I have no negitive accounts at all. Does this help make it go faster?

secured loan

Ellen asked:


my daughter recently broke up with her boyfriend and they were living together and he has asked her to turn over the car or secure a 1500 dollar loan in 3 days. she has been making the payments up till the 14 of august. is what he wants her to do legal? we live in florida.

secured loan

daisy asked:


I have about $50,000 in a tax-deferred annuity that earns 8.25% interest. I am allowed to borrow from this as a first time home buyer. I then have to pay 8.25% interest on the loan but I pay it back to myself. Is this smarter then taking out a regular loan? I am 29, and I want to be very secure in retirement.

secured loan

anthony b asked:


Can I get a car this way?
My husband and I would like to purshase a car from a non-dealership. We both have bad credit but was wondering if we could use money that we have saved (good amount to purchase a house later on)….and go to my bank and use it for collateral..like a secured loan?

secured loan