Albert asked:


I’d like to purchase a townhome or condo in about a year or so. I don’t have much in savings, and will be free of credit card debt soon. I have a great FICO score (720), and I’m GUESSING that I will be able to secure at least a $150000 loan from my credit union. I won’t be looking for a place more expensive than that.

My question is this : as far as the down payment goes, should I add that in to my loan application? In other words, if the townhome is $150000 and the down payment is $30000, do I need to request the $30000 up front, or do I need to be able to pay the downpayment with cash or other liquid assets? I hope I made this clear.

secured loan

Ryan asked:


1.im 18 i have a secured credit card so im getting good credit fast but i was told u cant get a unsecured (real) credit card unless u have gotten like a loan and payed it off with good history is this true

2. and if it isnt true is it possible to build credit from paying of a loan

3. which loan would help me build credit a secured or unsecured credit card and why

4. and if i just want to get a small loan for no real reason other then the fact i just want to use it to build credit will can i just tell the bank that and they will understand ?

secured loan

fortwynt asked:


I purchased a new car last night. Initially I was told I could take the car home overnight and test it out and bring it back, but once the guy started shoving paperwork at me, I signed it, and drove off with the car, so I assume there’s no real way to get out of it. I traded another car in on this car. I **** this car. My question is this, is there any easy way out? Also, they now want me to bring in pay stubs and proof of residence, so this to me implies that they havent secured financing just yet…so does that mean the deal really isnt done? What if i refuse to give them that info and their bank cancels? Or is there some legal recourse they can take if i dont provide that info….at any rate any help anyone can give would be great….except those who say you should have walked out instead of signing things…believe me, i wish i had.

secured loan

w c asked:


I have applied for a loan with them. They require a 500 deposit to secure the loan. I have loan docs from them. This is a high risk loan. I have the address and phone number for them. I am just not sure if this is a scam or something that I should be concerned with. Any help would be appreciated.
Here is their website
http://gatrustfinancial.com/
I have not sent them any money. I did send them the documents they sent to me along with a pay stub and id. I didnt become suspicious until they wanted me to send money via western union or money gram. I know I made mistakes in the past but id there really help out there for people who have had problems without being taken or put in worse financial troubles. Are there really companies who will make high risk loans with rates and payments that are affordable

secured loan

olufemi a asked:


Choices
A)keep the property in good repair.
B)pay all realestate taxes as they are due
C)provide unlimited access to the mortgage
D)not destroy or remove any improvements securing the loan

secured loan

Database Dan asked:


I have the chance to take out an un-secured 25k loan at 2% interest (it’s a military thing). Should I take it out and invest it in a CD making 5% interest? Is it as really as simple as Well, 5-2=3, so I should walk with $750?

secured loan

Freelance Web Designer asked:


I am trying to build my credit. Its new credit.. i just started payments system, had 1 credit card, a secured loan, and 2 charge accounts

I checked my credit score and there is big difference between one of credit reporting agency
Transunion: 594
experian: 666
equifax: 651

My question is
Why transunion score is so low than others?
Do lender see or make decisions according to lowest score?
How can i improve my score?

secured loan

phetvisay s asked:


does anybody know a well known lending company that will provide loan to people with bad credit even with secured method.

secured loan

Chris asked:


CONGRATULATIONS we have been able to secure your $30,000.00 loan request with an annual interest rate of 7.95%.
Please find below all of the pertinent details concerning your loan.
Approval amount: $30,000.00
Monthly Payment: $363.19
Term: 10 years
There is a condition on your approval that a security deposit of 8.57% is due prior to us releasing the funds into your account. This is equal to a $2,571.44 payment which covers insurance and coverage against any late payments. If you have any questions about this process please read our frequently asked questions page.

secured loan

SRL asked:


I’m thinking of consolidating 3 credit cards totalling just under $15,000.
What can I expect? What’s the longest term/lowest payment I can get for this amount of debt? Can I add a Secured loan to this consolidation (citifinancial)?
What’s my best game plan?

Anything else I need to know?

secured loan