Опубликовал Admin
18-08-2021, 03:10
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How to Trace and Collect Debt
When you loan someone money, there's always a chance that you'll lose touch with them and they'll fail to pay you back. If the debt was incurred as the result of a small business transaction, you may want to hire a debt collection agency to track down the person for you. For personal debts, it may take a little effort to find the person. Once you have a valid address for the debtor, you
Опубликовал Admin
26-07-2021, 01:40
69
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How to Process Loans
As a loan processor, you put together information about a borrower and organize it in a neat package so the underwriter can evaluate and approve the requested mortgage. You'll open the loan file, verify the borrower's information, and submit the package to the underwriter for an ultimate decision. Although specific steps may vary depending on your employer and any federal, state, or
Опубликовал Admin
5-06-2021, 20:40
89
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How to Calculate a Line of Credit Payment
Lines of credit are similar to loans, but have structural components that make them more complex. Where a loan is for a set amount, a line of credit is more like a credit card: you have a credit limit, and can withdraw funds from the credit line at your need and convenience. Where loans have a set payment each month that accounts for equity and interest, a line of credit's payment is
Опубликовал Admin
8-03-2021, 06:40
89
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How to Remove a Guarantor
A guarantor, or co-signer, is an individual who assumes financial responsibility for a loan if the borrower defaults. In some cases, a borrower or her guarantor may no longer want or need a co-signer. By checking the terms of your loan and speaking with your lending institution and guarantor, you may be able to remove the guarantor.
Опубликовал Admin
5-02-2021, 02:30
107
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How to Calculate an Amount to Be Financed
The full price of a major purchase such as a house, boat or car is rarely financed. Most lenders for these types of loans require a down payment of some sort, usually expressed as a percentage. Additionally, mortgage loans list a different figure, "amount financed," which does not include prepaid fees paid to the lender. Knowing how to calculate an amount to be financed will help you
Опубликовал Admin
27-01-2021, 01:40
265
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How to Get a Loan Even With Bad Credit
It is possible to get a loan when you have bad credit. The key is to make smart choices as a borrower and to start on the path to rebuilding your credit. It may feel overwhelming, but with some planning you can get the money you need and get control of your finances.
Опубликовал Admin
20-12-2020, 12:00
755
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How to Ask Your Friend to Pay Back the Money They Owe You
If you've loaned money to a friend, asking them to repay you may seem like an awkward proposition. However, when handled properly, you can reclaim the money you loaned out without losing the friendship.
Опубликовал Admin
6-12-2020, 01:20
599
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How to Collect Money From People Who Owe You
When you loan people money, sometimes they don't always repay. The debtor has broken a promise to you, and you should not feel bad about asking to be paid money you are owed. Whatever the reason for the original loan, when someone who owes you money is not paying, there is always something you can do. Sometimes they just need a simple reminder, but being prepared to escalate your
Опубликовал Admin
20-11-2020, 21:30
293
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How to Consolidate Loans
Loan consolidation can save you money if done right. You consolidate loans by rolling all your little loans into one bigger one. To come out ahead, you need to find a consolidation loan with a low interest rate and a reasonable term. You can consolidate using a personal loan or a balance transfer credit card. If you consolidate student loans, you have other options.
Опубликовал Admin
14-11-2020, 22:50
673
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How to Calculate Amortization
Amortization refers to the reduction of a debt over time by paying the same amount each period, usually monthly. With amortization, the payment amount consists of both principal repayment and interest on the debt. Principal is the loan balance that is still outstanding. As more principal is repaid, less interest is due on the principal balance. Over time, the interest portion of each