What may a person lose in addition to the good if he fails to keep up the payment on a personal loan?

Q: Why some entrepreneurs are hesitant to avail of commercial bank loans? (b) Why some of them resort…

A: To start a business, some amount of capital is needed beyond the owner's capital. Commercial…

Q: If a friend who’d never heard of amortization before asked you to explain how loan payments work,…

A: Amortization is a technique used in accounting to decrease the book value of such a loan or…

Q: What would happen to the standard of living if people lost faith in the safety of financial…

A: Financial institution is the institution which involve the financial activities such as investment,…

Q: Should sophisticated investors who withdrew millions from their Madoff accounts forfeit the…

A: An investor is referred to as the market participant for the general public, which is also…

Q: Which of the following is true of an unsecured loan? A. They are exclusively for cars, houses, and…

A: Loan can be defined as money that somebody lends other person in exchange of some interest that is…

Q: A good example of an alternative question is: A. “Why did you borrow the money?” B. “Will you repay…

A: An alternative question is a question that presents two or more possible answers and presupposes…

Q: When might a borrower want to have another party assume his liability under a mortgage loan?

A: There are basically two conditions when a borrower might want to have a third party:

Q: If Steve can't decide what bank to take a loan from, what banking service would make a bank a better…

A: 0% Financing represents the discounted finance or loan that is provided to the customers at a…

Q: Benefits of a savings account for borrowers ?

A: The saving account refers to the type of account in a bank that provides the facility to deposit the…

Q: Many students attending college in the United States find themselves having to take out loans to…

A: The question is based on the concept of Accounting theory

Q: As long as you have a strong reason for taking a loan, there is no need to understand the terms of…

A: Understanding the terms in a loan agreement is vital. Loan agreements are an critical a part of…

Q: financial impact of lily taking out this payday loan? how do borrowers get trapped in an inescapable…

A: Payday loans are non-secured ash advances for small sums of money with extremely high-interest rates…

Q: Why should you and should not sign a personal guarantee for a business loan?

A: The personal guarantee for a business loan refers to the assurance by the company or a business…

Q: Your company provides credit to customers. Someof these customers default on their loans, with…

A: Discriminant analysis is the analysis which provide the permission to organization in determining…

Q: How has the credit crisis May have adversely affected many homeowners and mortgage companies?

A: Homeowners insurance policies are defined as the type of an insurance policies, which usually covers…

Q: Why are some entrepreneurs hesitant to avail of commercial bank loans? Why do some of them resort to…

A: Commercial bank is a type of bank which accepts deposits from public and advance deposits to public…

Q: Can borrowers pay off part, or all, of loans any time that they desire?

A: No, borrowers can not make payment in part, or full loan amount at whatever time they desire to pay.…

Q: How is your borrowing power affected when you are considered a "low risk"? There is a good chance…

A: A low risk individual has a better credit history and higher credit score. This is due to better…

Q: Lenders use your credit score? To criticize your financial habits, to punish you for having good…

A: credit score reflect the credit worthiness of the borrower.

Q: What does a high credit score mean? The person is considered a higher risk and less likely to pay…

A: A credit score evaluates a person's creditworthiness, or ability to repay debt. It is commonly…

Q: If someone owes you money, that person or business goes into bankruptcy why would it make a…

A: Introduction:- Bankruptcy is a legal process that involves a person or company that is unable to pay…

Q: If a consumer with a relatively low credit score applied for a loan from your bank, what other…

A: WHAT IS CREDIT CRITERIA- Credit criteria area unit the factors employed by lenders to work out…

Q: What does a low credit score mean? The person has a low amount of credit. The person is likely to…

A: A person with a bad credit rating has a low credit score.  A credit score defines the person's…

Q: What are the factors that you need to consider in applying for a loan? Why is it important to…

A: When applying for a loan one need to consider several factors at play. Some of them are quantitative…

Q: How does compound interest affect the loans you undertake? For example, how would this  affect…

A: Interest is an additional value which is charged on borrowed or deposited amount. Interest can be an…

Q: e that a friend tells you that you should not rush to pay off your mortgage early because you will…

A: Mortgages are paid by equal amounts of monthly payment that carry the payment of principal amount…

Q: Benefits of account holders in personal loans ؟

A: Solution- Personal loans     A personal loan could be a loan taken by an individual to fund any…

Q: nt stud

A: Introduction : In simple words, student loans refers to the amount borrowed by individuals to…

Q: Explain the 5 C’s that creditors look for in borrowers. Which ones are the most important?  Which…

A: A borrower is an individual or an institution that borrows money or loan from the lender for a…

Q: Explain the disadvantages and dangers of Home Equity Loans.

A: The disadvantages of home equity loans:Higher rate of interest: The interest rates are typically…

Q: xplain with appropriate examples.

A: Finance is the need of every person. Everyone is having different needs depending upon his status,…

Q: hat may a person lose in addition to the goods if she or he fails to keep up the payments on a…

A: A loan is referred as the amount provided to one party to another where the principal amount with…

Q: How long does it take you to eliminate the debt?

A: The debt refers to the financial instruments which are bought by investors, or corporations, or…

Q: f a bank client requests a loan for the acquisition of real estate, what type of loan is he/she…

A: A. A refinance loan involves revision of loan terms. For example: If there is a drop in interest…

Q: FHA-insured loans insure lenders against a. decline in real estate values. b. loss due to…

A: Federal Housing Administration loan or FHA loan is defined as the mortgage, which is insured through…

Q: One example of moral hazard in finance industry is "insurance policies often decreases incentive to…

A: When one party to a contract participates in reckless action knowing that the other party will pay…

Q: How banks safeguard the deposits of customers from financial losses?

A: The banks safeguard the deposits of customers with the help of an independent agency.

Q: Why might a borrower be willing to pay a higher price for a home with an assumable loan?

A: An assumable loan is a  loan that can be taken over by a purchaser, who may then continue making…

Q: A person has a poor credit score due mainly to the amount of debt on credit cards and installment…

A: Credit score represents the credit worthiness of the customer who have the credit card. There…

Q: What would happen to a country standard of living if people lost faith in the safety of the…

A: Introduction : In simple words, financial institutions refers to the entities such as banks and…

Q: 1. A consumer, who is initially a lender, remains a lender even after a decline in interest rates.…

A: Explanation are as follows for 1 st one .   Note:- as per the guidelines we can we can provide the…

Q: In order to earn money, how do financial institutions do it? What conditions restrict their ability…

A: Introduction: Financial markets are the exchanges on which financial assets and instruments are…

Q: What happens when a student loans defaults?

A: Student loan is referred to as the type of loan, which is actually designed for helping the student…