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Lending San Antonio #loans #south #africa


#title loan
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Stuck in a 30 day loan?

Welcome to Xpress Title Loans

Xpress Title Loans of San Antonio makes it easier than ever to get the loan you need without the hassle. We are auto lenders providing very affordable loan lending rates that allows you to easily repay the loan. Our honest service offers you complete peace of mind and our efficient lending means that you won t find a better place to get the fast cash you need in San Antonio.

If you are looking for fast cash, title loans offer the perfect solution. With a title loan, we hold the title of the loan as collateral while you continue to have possession of your vehicle. Once the loan is paid in full, then we will return the title to you free and clear. Cash title loans offer you immediate funds to cover life s daily emergencies. You don t have to wait until your next payday in order to get the money you need right away.

Here at Xpress Title Loans, we understand that sometimes things happen that you are not prepared for. That is why we offer cash title loans that are available for as much as $25,000. You can use the loan any way you choose including bills, unexpected business expenses, family emergencies, and more. Throughout the lending process you won t have to worry about a credit check, maintaining a job, or any other restrictive criteria. At Xpress Title Loans, you can get cash for car title no matter what type of car you have.

Contact us today!

For more information about our vehicle title loans or to apply, contact us today. We offer fast approval, low rates, and the ability to keep your car. Call us at (210) 525-0055 today!



Is Peer-to-Peer Lending Safe? #same #day #loan


#peer to peer loans
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Is Peer-to-Peer Lending Safe?

By NerdWallet. June 04, 2014, 01:06:49 PM EDT

Peer-to-peer lending. or P2P lending, took off in the mid-2000s at a time when many borrowers were growing frustrated with mainstream financial institutions’ dominance of the loan process. Unlike more traditional lending practices, P2P lending provides the potential for greater returns for investors and lower interest rates for borrowers. both of which have helped make this alternate way of lending increasingly popular.

The success of Lending Club and Prosper, P2P lending platforms that pair up borrowers with investors, has also bolstered the growth of P2P lending. Lending Club started in 2007 and made loans worth $3.5 million in its first year. That figure has since grown to $3.4 billion. While this explosive growth suggests that many investors think P2P lending is a perfectly safe alternative to more traditional forms of investing, there are undeniable risks.

Unlike government-backed loans, for example, P2P loans are not insured. Moreover, Prosper faced serious legal issues in 2008, when the Securities and Exchange Commission issued a cease and desist order against the company, claiming it was selling unregistered securities. Just one year later, Prosper rebooted its business after securing SEC registration for its loans, something all P2P lending platforms are now required to do. Apart from a now-settled lawsuit stemming from a group of disgruntled investors. Prosper has since steered clear of any legal issues, and recently received an A+ rating from the Better Business Bureau .

While these new regulations have gone a long way towards addressing consumer concern about P2P lending, it’s still important to minimize the risks associated with this type of investing. Prudent steps include diversifying your investment mix.

How does it work?

Lending platforms like Lending Club and Prosper have quickly become popular and reliable ways of doing P2P lending. These websites simplify the process and do a lot of the work for you, like bookkeeping and transferring the funds in question, without charging as much as banks. After signing up with the website, borrowers essentially just select a loan amount (up to $35,000 if you’re using Lending Club) and describe where this money is going before posting a listing to the website.

Investors, meanwhile, sort through these listings and invest in whatever they think will fetch the biggest returns. Borrowers make monthly payments, which investors receive a portion of.

Because loans are uninsured, default can be especially painful for investors. For some, this risk is worth it, as returns can be substantial. Conservative, five-year U.S. Treasury notes usually yield 0.9%, while four-year corporate bonds can yield up to 7.33%. In comparison, a three-year loan rated B1 by Lending Club (on an A through G scale), can yield 10%.

Minimizing risk

P2P lending can be as safe as you make it. For those new to P2P lending, experts suggest starting conservatively and also diversifying your investments. In other words, don’t lend all your money to one borrower. Instead, hedge your bets by lending just a bit of money to many borrowers. This is the best way to protect yourself against one devastating default, according to most experts. You can opt to invest in only a portion of a borrower’s request on Lending Club or Prosper. The straightforward logic behind this is that it’s unlikely that all of these borrowers would default on their loans.

Prosper claims that, since 2009, investors with 100 or more loans in their portfolio have never lost money. Moreover, rather than having P2P investments serve as the main source of your income, experts recommend that they constitute just a fraction of your larger investment portfolio.

Background checks serve as another security blanket: websites like Lending Club perform background checks on borrowers, which eliminate a lot of the mystery associated with lending money to someone you’ve never met before. You’ll know the credit score of whomever you are lending money to, along with other pertinent facts about their financial background.

Final thoughts

Thanks to the success of lending platforms like Lending Club and Prosper, similar websites are proliferating quickly. and thus continue to give borrowers and investors plenty of ways to conduct loans and investments. What’s more, several big players have given P2P lending a major endorsement. Just last year Google (GOOG ) invested $125 million in Lending Club. A few months after that announcement, Prosper received a $25 million investment from Sequoia Capital and BlackRock (BLK ).

A lot of money – and therefore trust – has been placed in the P2P lending model, which can be a great addition to your investment portfolio if you diversify your investments and practice the same good judgment you would when making any other important business decision.

Tony Armstrong is a staff writer at NerdWallet, a website devoted to helping consumers make smart financial decisions.



Instant Cash Advance Online Seems a Preferred Method of Borrowing, says CEO of One of the Lending Companies #student #loan #interest #rate


#instant cash loan
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Instant online cash advance from http://instantcashadvanceglubos.com/ proves to be a good option for people who need cash in a hurry as they celebrate their first anniversary with great success.

(PRWEB) August 09, 2012

No one wants to incur long-term debt, but another option for borrowing money for emergencies is the instant approval cash advance online. This is a short-term loan for up to $1,000, depending upon the borrower s ability to repay.

The first step in getting instant cash advance loans is to fill out the payday representative s loan application and return it via e-mail. The representative then finds a lender that fits the borrower s needs and forwards the borrower s loan application to them. Approval takes just seconds and no credit check is done.

After the representative receives cash advance instant approval, the potential borrower is requested to submit his or her banking information. Then the money is transferred into the borrower s checking account.

A borrower can use the online instant cash advance for anything he or she chooses, whether it is for the deposit on an apartment, the down payment on a car, for medical expenses or for a much needed get-away with the family. Instant cash advance payday loans makes it possible.

After two weeks have elapsed, the instant cash advance no credit check lender then deducts the amount of the payday loan, plus the loan fees from the borrower s checking account. The loan fee on a payday loan is usually $15 for every $100 borrowed. If this seems a little bit high, it must be remembered that there is no credit report run on a cash advance instant payday loan. It takes seconds for approval and the loan funds are deposited into the borrower s bank account within a day. A person researching various loans and loan terms would never find the traditional lending market to be so user friendly and fast.

The requirements for getting a payday loan are few. The borrower must be at least 18 and be a U.S. citizen with a regular job for at least six months, earning at least $1,000 a month in gross income. The borrower may also be on a fixed income, such as Social Security or Workers Compensation, and receiving at least $800 per month in order to qualify for a payday loan. Once a borrower has paid off a payday loan, more loans can be taken out from the same lender in increasing dollar amounts.

Now people who need cash for an emergency or an unexpectedly high bill have a viable option for their borrowing needs with a cash advance payday loan .

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About us – Nationwide Auto Lending #credit #union #student #loans


#nationwide loans
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About Us

Nationwide Auto Lending is your reliable auto finance company regardless of your credit score or prior credit history. Nationwideautolending.com is recognized as the leading provider of bad credit auto loans in the United States. We will help you obtain auto financing for bad credit so you can own the car you really want..

Nationwide Auto Lending is committed to helping customers that have been unable to secure loans through conventional lending sources!

Why to choose Nationwide Auto Lending?

  • Get approved for any make and any model
  • Fast auto loan approval
  • Competitive interest rate
  • Outstanding customer service
  • Free obligation loan quote
  • No obligation
  • Low down payment
  • Credit decision in hours
  • Same day financing
  • Online loan status
  • Helps you find a dealer in your area

Nationwide Auto Lending is the right place for everyone who is shopping for a new or used automobile looking for loans with competitive rates, flexible terms and more. It does not matter what your credit score is, we can serve you with the most affordable car loans deals.

We are rated #1 for bad credit auto financing in all 50 states. Once your financing is approved you simply select the new or used car you want to own. So if you need car financing for bad credit without any hassles or fees just complete our free online auto loan appllication below and get approved in a couple hours. It is just that easy so let’s get you approved today!



Wisconsin VA Loan, VA Lending Limits, VA Mortgage Rates in WI #car #loan #interest #rates


#va loan
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Wisconsin VA Loans

Secure a VA Mortgage in Wisconsin

Veterans who live in the state of Wisconsin can qualify for a Wisconsin VA loan to fund their home purchase or refinance. VA loans are backed by the Department of Veteran Affairs (VA) and offer many benefits to veterans that traditional, conventional loans don t provide.

What is the VA Loan?

The VA loan program was created by the government as a way to reward or give back to the men and women who have served this nation by helping them transition into homeownership with a stable foundation and an affordable mortgage. The VA office does not fund the loans itself, though. All VA loans are provided by conventional mortgage lenders. But the backing that the VA offers gives lenders the ability to lower mortgage rates and offer better terms to veterans, making VA loans highly attractive.

VA Loan Benefits in Wisconsin

To explore the full range of benefits offered by a VA loan, contact a lender who has specialized in this loan type before. You can get started by filling out the form above. Some of the basic advantages of a VA loan are listed below.

  • VA loans can be taken out with no down payment attached.
  • You don t need to have high cash reserves on hand to purchase a home.
  • You don t need to pay for private mortgage insurance each month. The VA backing is sufficient.
  • You can roll the closing costs of the loan into the loan itself through a seller concession.
  • Credit and income requirements are fair and easy to meet.
  • There are no prepayment penalties attached.
  • You can select the loan term length that best meets your needs.

VA Loan Requirements and Eligibility

VA loans are available only to veterans, and while most veterans are able to purchase homes through the VA program, some are not. Speak with a VA loan specialist to determine the exact eligibility requirements you ll need to meet in order to qualify. A certificate of eligibility from the VA office is required. The basic qualification guidelines, however, are outlined below.

  • You must be an American citizen and a veteran of a branch of the US Armed Services.
  • You must have served for at least 90 consecutive days of active duty.
  • You must have been discharged under conditions other than dishonorable.
  • You should have a minimum credit score of 620.

VA Refinance

You can use a Wisconsin VA Streamline (IRRRL) refinance to replace your current mortgage with a refinance loan at a better rate. Many veterans are unaware that they can save significant money by pursuing the IRRRL refinance option. If interest rates have fallen lower than they were when you first took out your home loan, you can likely save significant money on your monthly payments and in reduced interest over the term length of your loan.

The VA Cash-Out refinance is an option which enables eligible borrowers to refinance into a VA mortgage, as well as take out as much as 100% of their current home equity as cash. The funds may be spent on medical expenses, college tuition, home improvements, and more.

Wisconsin VA Mortgage Rates

As with any mortgage types, you must perform some research in order to determine the best possible mortgage rates available to you when taking out a VA loan. Mortgage rates are volatile. They differ depending on where you live, the lender you choose to work with, and the state of the mortgage market. Check with several local lenders, more than just one, to get a feel for where rates currently rest. Don t simply select the first lender you contact. Do some research. This is the only way to uncover the lowest mortgage rates.

VA Lenders in Wisconsin

The form above will put you in touch with up to four different lenders in your part of Wisconsin who are experts in the mortgage profession. This is where the rubber meets the road. It s time to actually connect with professional and find out what the VA loan can do for you. Don t forget to check up on VA loan limits in your area before you start searching for a home. If you need additional information, contact the Department of Veteran Affairs.

Wisconsin Military Information

Currently, Wisconsin maintains one active military facility. This facility is Fort McCoy, which is located east of Sparta. This military base is home to many veterans in the state of Wisconsin. If you re one of them, consider a VA loan to help you purchase your home.



Mobile Home Loans – Capital Lending, Inc. Capital Lending, Inc. #government #business #loans


#mobile home loans
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Low Down Payment!

* We finance SINGLEWIDES (14’ wide or larger), DOUBLEWIDES, and TRIPLEWIDES

* PURCHASE, REFINANCE, ALTERNATIVE INCOME, SECONDARY HOUSING, and INVESTMENT PROPERTY programs.

* CHATTEL (Home Only) or LAND HOME combination loans available

* Up to 95% LTV before fees on Owner Occupied, Full Doc loans.

* Up to 80% LTV before fees on Alternative Income, Secondary Housing, and Investment Properties.

DEBT CONSOLIDATION and HOME IMPROVEMENT programs available (based on equity and customer qualification). Alternate income is not available on Equity Loan Programs.

* Permanent foundation not required.

* No surveys or inspections required.

* CLOSING COSTS can be financed.

Fixed Rates No Pre-Payment Penalties.

* Rates typically range from 7.99 to 18% depending on credit quality, ltv, loan amount and collateral type (CHATTEL HOME )

* 600 minimum credit score is required on all three major credit bureaus. Credit scores 600 or less requires a minimum down payment of 40%.

CAPITAL LENDING, INC

“We take pride in our exceptional programs and outstanding commitment to always put the client first and navigate all parties through the process of obtaining financing”



Personal Loans & Lines of Credit, First National Bank #first #national #bank #loan, #first #national #bank #line #of #credit, #personal #loan, #loan #or #line, #lending, #personal #line #of #credit, #fixed #rate, #debt #consolidation #loan


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Personal Loans & Lines of Credit

If you need access to some extra cash – whether for a major purchase, a well-deserved vacation or just in preparation for something unexpected – a personal loan or line of credit from First National Bank may be right for you. With a variety of credit terms and repayment options, we can structure your loan or line of credit to suit your situation and needs.

  • Option of personal loan or line of credit
  • Fixed rate and terms available
  • Variety of repayment options

First National Bank is an equal opportunity employer-disability/veteran

Copyright First National Bank of Omaha. All Rights Reserved.
1620 Dodge Street, Omaha, Nebraska 68197



IDB – Structured and Corporate Finance Department – Inter-American Development Bank #structured #and #corporate #finance #department, #large #infrastructure #projects, #latin #america, #caribbean, #non-sovereign #lending


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Structured and Corporate Finance Department

Supporting medium to large scale sustainable private sector projects in Latin America and the Caribbean

The IDB Group’s Structured and Corporate Finance Department (SCF) leads all non-sovereign guaranteed operations for large infrastructure projects, financial institutions, capital markets, trade finance, companies, and state-owned enterprises in a broad range of economic sectors.

Through its syndication program, SCF plays a catalytic role, helping mobilize resources from third parties by partnering with commercial banks, institutional investors, co-guarantors, and other co-lenders for projects with high developmental impact. As an impact investor itself, SCF partners with other impact investors to provide loans and partial credit guarantees for the projects it finances.

SCF provides tailor-made medium- and long-term direct loans, guarantees and technical assistance in the form of non-reimbursable financing for large companies and eligible state-owned enterprises without a sovereign guarantee, financial institutions with assets above US$500 million as well as investment funds with operations and projects in one of the IDB’s 26 borrowing member countries in Latin America and the Caribbean .

SCF supports both project financing for greenfield and expansion projects through loans and guarantees and corporate financing for expansions and modernizations. The sectors in which SCF works include, among others: energy, transportation, water and sanitation, energy efficiency, recycling, agribusiness, sustainable natural resources, healthcare, education, and tourism.

For financial institutions and investment funds, SCF invests in high social impact sectors such as housing and micro, small, and medium-size enterprises. By incorporating environmental viability, social inclusion, transparency and accountability practices in the financial sector, SCF supports a new regional banking system that balances financial and non-financial returns on investments, expand access to credit, champions climate conscious leadership, and promotes innovative business practices.

Moreover, it has developed beyondBanking. a program with special sustainability lines for financial intermediaries in the areas of energy efficiency, renewable energy, and waste and water treatment and technical cooperation programs aimed at promoting sustainable environmental, social and corporate governance principles within financial intermediaries in the region.

Through the Trade Finance Facilitation Program. SCF supports international banks to access the Latin American and Caribbean market while allowing regional banks to onlend to other regional issuing banks. The TFFP program plays a pivotal role in stabilizing trade finance flows, opening markets to smaller players and promoting South-South trade. The TFFP program provides guarantees to cover the commercial and political risk of nonpayment by the issuing bank on trade-related instruments, and provides specialized training to trade finance banks and their clients.

SCF finances between 25 percent and 40 percent of the total cost of a project, providing up to $200 million in financing. On an exceptional basis, it can increase its financing to up to $400 million. Technical assistance usually ranges between $100,000 and $1.5 million.

In the framework of private sector projects there are some consulting opportunities at SCF for general due diligence studies related to non-sovereign guaranteed operations as well as social and environmental due diligence of projects.



How to Borrow Money – Lending Club #best #loans


#money loan
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How to Borrow Money

Get a low interest rate personal loan

To borrow money through Lending Club is to engage in an easy, safe and private transaction. You will enjoy a uniquely low interest rate because the funds come from other individuals like you or organizations, including Lending Club itself, that do not have the administrative costs of banks.

LendingMatch matches you with investors who have a connection to you. In a few quick steps, you will be on your way!

    Begin by joining Lending Club as a basic member. In this short process, you will create your login information, including a screen name that will publicly be associated with your personal loan request. Your actual identity will not be displayed. We will also ask you to verify an email address. Next, go to [Borrow > Get a Loan] to prepare your loan request. We will ask for personal and financial information to verify your identity, determine the loan terms available to you, and match you with suitable investors. All loans on Lending Club are 3-year installment loans. and your low interest rate will be based on the amount of funding you request and the information we obtain from your credit file. After your loan request is complete. it will be listed on our site for two weeks and visible to all users. Your credit grade (A, B, C, D, E, F, G) will be displayed, but your listing will not contain any personally identifying information. However, your credit data will be shown anonymously to investors for their use in evaluating your personal loan request. Investors generally spread their money over several borrowers, so chances are that your loan will get funded by several investors. Your identity will at all times remain confidential and not be disclosed to anyone. Once your loan closes. you will receive your money via the Automated Clearing House (ACH) System which will automatically deposit your loan into your bank account normally within one business day and repayment will begin a month later. We will withdraw your loan payments each month from the bank account you verified during registration. These withdrawals will take place on the same day of the month as the date of the loan origination.

Start Borrowing



JCF Lending Group – Mobile Home Loans – Manufactured Home Financing – Mobile Home Refinancing #payday #loans #for #people #on #benefits


#loan companies
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MOBILE HOME LOANS FOR HOMES IN PARKS LEASED LAND

В JCF Lending Group provides mobile home loans, for both financing and refinancing. Founded in 1994 for the sole purpose of providing mobile home loans for consumers that live in or want to purchase a manufactured home. We have limited our business to customers who reside in mobile home parks or communities or on family, leased, rented or owned land. JCF offers mobile home financing and manufactured home refinancing to customers with good to excellent credit.В

Our specialty is a Chattel Mortgage , which refers to a mobile or manufactured home loan, where only the home will be financed.В We can help with purchase or refinance, but only when the land is not invloved in the transaction.

В JCF is able to offer our manufactured home customers who wish to refinance their current loan some of the lowest mobile home loan rates in the nation. We also offer mobile home financing to qualified consumers who wish to purchase a mobile or manufactured home with as little as 5% down. Our qualified staff, with over 30 years of experience in the manufactured home industry will walk you through every step of the mobile home loan process.В

MOBILE HOME MORTGAGES WITH EXCEPTIONAL RATES TO REWARD YOUR GOOD CREDIT

All of our manufactured and mobile home loan programs come with No Pre-Payment Penalties, No Application Fees, and manufactured home loan terms from 7 to 25 years. We are also proud to offer some of the lowest mobile home rates and fee combination available. JCF will provide you with a credit decision, usually within 24 hours of your mobile home loan application, whether it is a manufactured home purchase, or mobile home refinance. В We will also offer you up to 8 different manufactured home loan scenarios to chose from.

JCF is open from 7:00 a.m. – 7:00 p.m. Pacific Standard Time, Monday through Friday, and Saturdays from 8:00 a.m. – 3:00 p.m. В You can reach us toll free at (866) 967-0143.

MOBILE HOME FINANCING WITH AS LITTLE AS 5% DOWN

Need mobile home financing – Whether you are considering buying a used mobile home or buying a new manufactured Home, JCF Lending Group will find a mobile home mortgage that’s right for you. The type of mobile home financing loan received depends of several different factors, the year of the mobile home and current value is a strong factor, as is the credit of the applicant and the monthly Income. When you think of mobile home financing, think JCF.

Once the mobile home financing loan is approved, the amount of the down payment determines the interest rate offered. As an example, a 10 or 20 percent down will offer a better rate than 5 Percent Down. Our terms vary from 7 years to 25 years, depending on the loan program you choose. The best manufactured home financing rate can normally be obtained in most cases with at a 10 year term. It is important to remember that the shorter the term. the less interest you will pay in the long run.

MANUFACTURED HOME REFINANCING – LOWER RATE LOWER PAYMENT

Need manufactured home refinancing – By adjusting your current Interest Rate and the number of remaining loan payments, many things can be accomplished. Savings can be great and long term savings even better. Reduced monthly payments and thousands of dollars of savings are a few of the possible benefits of mobile home refinancing or that low rate manufactured home loan.

If the manufactured home is in good condition and there is a sufficient amount of equity in your home, additional options such as an equity cash-out and debt consolidation manufactured home mortgage can be an option. Our Staff will quickly ascertain whether manufactured home refinance will be beneficial. Our goal is to make sure each and every customer is offered the right mobile home finance option.

Q:What Credit Score is Needed for a Manufactured Home Mortgage Loan?

A: JCF Lending Group is an A paper loan provider and we require good to excellent credit. Currently, our minimum mortgage ccore for purchase financing is 660, for both purchase and a mortgage score of 680 for refinance. We will look at lesser scores on a case by case basis. In all situations, you must have a minimum of 4 years credit history.

Q: I Have Bad Credit. Can I use a Cosigner with JCF Lending Group?

A: No. Every applicant must meet our credit criteria. We would caution potential consumers looking for this solution, as most upscale mobile home parks and leased lot communities will not grant approval for residency for consumers with a poor credit history. Normally, all occupants over the age of 18 that plan to live in a mobile home park or leased lot manufactured home community, must pass both a credit and criminal background check.

Q: Does JCF Offer Land Manufactured Home Financing?

Q: My Mobile Home is in a Park and/or on leased land, Can You Help?

A: Yes. JCF specializes in this type of manufactured home financing and/or loans. In fact, this is what the name of our URL (www.chattelmortgage.net) means, a loan for a home not attached to property by way of deed or title. We offer the lowest rate fee combination Nationwide.



Lending Club and PayPal Offer Small Business Lending Programs #provident #loan


#small loans online
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Who Needs Banks? PayPal and Lending Club Want to Make Small Business Loans

Photograph by Jake Rowland/Gallery Stock

Lots of companies have tried to use technology to improve small business lending with data, collecting information about merchants from their social media profiles, online accounting software, and reviews to help lenders decide whether to make loans. Alternative companies such as OnDeck and Kabbage have succeeded at increasing loan volumes and speeding approval times. But their loans usually cost more than bank loans or credit cards—sometimes much more.

Lending Club and PayPal are now betting that the high-tech approach can also bring borrowing costs down for Main Street businesses that don’t qualify for bank loans. Lending Club, the peer-to-peer lender likely headed for an initial public offering later this year, launched a small business lending program last night. And PayPal (EBAY ) today said it would expand a program that has provided “tens of millions of dollars” in working capital to businesses that used PayPal in the last six months.

Lending Club is the 800-pound gorilla in the peer-to-peer lending world: The San Francisco company has historically operated as a marketplace where investors can fund consumer loans, and says it’s originating loans at a pace of $750 million every three months. Now it will also facilitate commercial loans for amounts ranging from $15,000 to $100,000.

Small business owners can apply online for loans ranging from one to five years, with interest rates from 5.9 percent to 29.9 percent, the company said. Lending Club Chief Executive Officer Renaud Laplanche says the average interest rate will be 12.5 percent. For now, ordinary investors can’t fund small business loan on Lending Club. The program is limited to institutional investors such as hedge funds, insurance companies, and family offices that manage wealth for the very rich, but eventually the company plans to let anyone invest. Those investors supply the capital for loans and recoup interest payments. Borrowers pay Lending Club an origination fee of from 1 to 5 percent in addition to interest payments.

Lending Club isn’t the first company to try peer-to-peer lending for small business loans. SoMoLend and Funding Community tried and failed; Funding Circle and Dealstruck are currently making a go of it. Nor are peer-to-peer lenders the only nonbank lenders trying to improve on rates offered by merchant cash-advance companies, which can carry effective APRs from 30 percent into the triple digits. Newer lenders like Fundation and existing companies such as OnDeck have also launched loan products that may be competitive with Lending Club’s rates.

Allowing hedge funds and other institutional investors to invest directly in small business loans on Lending Club doesn’t represent a big shift, says Peter Renton, a prominent blogger on the subject of peer-to-peer lending who recently launched  an investment fund. “Every small business has an institutional investor as their creditor already,” he says. (He means banks.) The bigger change will come when Lending Club opens its small business lending platform to ordinary investors, says Renton, allowing people to crowdfund loans to businesses in their local communities. “I really believe that’s how businesses who are one tier down from a bank loan will get loans,” he says. “People want to fund in their local communities.”

PayPal is offering a more specialized product. In September the company launched a pilot program to offer merchants that use its online payments system working capital loans through a Utah bank. Merchants can borrow as much as 8 percent of their total annual sales on PayPal, to be repaid in daily installments until the business has repaid the principal, plus a fixed loan fee. In an example furnished by the company, a merchant with $100,000 in annual sales borrows $8,000; PayPal collects 15 percent of the borrowers’ daily PayPal sales until she has paid back the $8,000, plus interest of $594, about 7 percent of the principal.

Brian Grech, portfolio manager for the PayPal program, says the company has enough data on its merchants to make good underwriting decisions. It also has an incentive most lenders don’t: If a PayPal merchant expands her business, she’ll probably receive more PayPal payments, generating more transaction fees for the company. Grech wouldn’t say how much money PayPal plans to lend. But he considers the program “permanent,” and says he’d like to increase the size of the loans and explore lending to merchants who don’t use PayPal as a way to attract new customers to the payments system.



Lending Money To Family And Friends #peer #to #peer #loans


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Lending money to family and friends

Lending money to family and friends

Lending money to loved ones could be a gesture of good will — or it could be disastrous to your own personal finances, depending on the circumstances.

*Ann’s co-worker was in a jam. She had car trouble, no extra money and wanted to borrow $500. “Money was tight for me, but I knew it was tighter for her,” Ann recalls. So she lent her co-worker the $500. Her friend paid her back, in full, about a year later.

But not all loans work out as well. Beth and her husband lent her stepdaughter, Jan, now 36, about $100,000 — toward credit card debt, grocery money, school supplies for her kids, college tuition, cigarettes, security deposits and more. They never saw their money again.

Just as borrowers need to proceed carefully, so do lenders.

“It is very hard to pull apart your personal feelings from that business transaction when you loan money to friends and family,” says personal finance expert and author Manisha Thakor, CFA. “The biggest downside is ruining the relationship when you don’t get paid back at all, which frequently happens.”

Learn how you can increase the odds of getting your money back while keeping the relationship on track.

*Alternative names were used in this story to protect sources’ privacy.

Consider the money a gift and repayment a bonus

Ann lent her co-worker with car trouble the money and afterward never mentioned it. “Emotionally, I was always prepared to write that $500 off as a gift,” Ann says now. “I was ready to give it to her.”

That’s exactly what Certified Financial Planner Robert Schmansky recommends.

“If you’re going to make a loan to a family member, assume that money is gone from the start,” says Schmansky of Clear Financial Advisors in Troy, Mich. “Have the mindset (that) this is money you may not get back. You’re on the hook for whatever it is. Don’t let the financial consequences of this person defaulting or not making payments interfere with your relationship. Giving a gift is a lot better, a lot cleaner.”

You may decide that giving a gift with love is better than a loan. “With family, my personal rule is, ‘Only give if you are willing to not ever get the money back,'” Thakor says. “Commit to yourself that you are aware you might not get the money back. But that is a risk you are willing to take because love is more important than money.”

Treat the loan as a business transaction

If you can’t consider the loan a gift, be just as businesslike as your bank would be.

Lisa lent her daughter, a college student, $700 to buy a computer. Each month, her daughter paid her $50 and watched as Lisa entered the payment in a ledger and updated the amount owed until the money was paid back in full.

To make sure you get paid, Schmansky and Thakor recommend getting everything in writing.

“Set up expectations,” Schmansky says. “That way, the family member isn’t coming back to you in a year saying, ‘Unfortunately, I can’t pay you back.'”

You can even set payment up as an automatic debit, Thakor says. Consider getting collateral and charging interest, she recommends.

“When you make a loan, you’re assuming risk,” Thakor says. “Interest is the mechanism to help compensate for that risk.” You can charge a higher interest than you’d get from many savings accounts and still be charging less than the interest on a credit card or bank loan, she says.

Don’t take the middle ground

Don’t compromise between a gift and a business transaction, Thakor says. “If you do anything in between those two, that’s when you’re going to get into trouble. All the horror stories you hear about people lending money to friends and family boil down to, ‘It’s kind of a gift or sort of a business transaction,'” she says.

Beth’s loans to Jan were smack in between the two. After one particular bailout, Beth and her husband created a written agreement that specified Jan would meet with them weekly to talk about budgeting. “She showed up once, then never again,” Beth says. But Beth and her husband did not insist she adhere to that or other terms, either.

So both sides of the transaction were at fault.

Make your own personal finances a priority

The first moment of truth came about three years ago, when Beth and her husband began tracking spending. “We realized we had bailed her out that year to the tune of about $12,000,” Beth says. “I’d like to say the gravy train stopped then, but it actually continued until about a month ago.”

That’s when Beth and her husband had to pay for a new roof on their own home and realized they needed their cash cushions for themselves. “No wonder my retirement account looks so crappy,” Beth says.

Beth had a frank talk with Jan and told her to figure out what was wrong with her finances and to get another job if that’s what it took to stay afloat.

Jan figured out her monthly expenses were $200 more than her monthly income. She began applying for second jobs. But she still hadn’t completely received the message, since she came to Beth saying she had forgotten her car registration was due.

“I said, ‘I’m sorry about that, and what are you going to do?'” Beth recalls. Then Jan asked her dad for a pack of cigarettes, and Beth and her husband told her that not only had routine financial assistance come to an end, but so had gifts of cigarettes and groceries.

Say ‘no’ to habitual borrowers

Tensions rise when expectations aren’t met. When you’re waiting for a loan payment that isn’t coming, for example, it burns to see your loan recipient spending money on things you consider wasteful. What you consider a want, such as organic groceries or cigarettes, your loan recipient may classify as a need, Thakor says.

Needing money to cover an emergency is one thing, Beth says. Borrowing money for everyday expenses signals a problem. “People who borrow habitually are people who have difficulty saying “no” to themselves and separating wants from needs,” she says. “You should not feel guilty saying ‘no’ to these people.”

If you’re not comfortable making the loan, don’t do it, Schmansky advises. “I can’t overemphasize the idea that this person is coming to you because they can’t get money anywhere else,” he says. “I tell my clients to use me as the bad guy and tell them, ‘My financial adviser says this is something that doesn’t work with our goals.'”

But when circumstances are right, you may want to say “yes.”

Thakor says the upside of lending money is the good feeling you get by being able to help someone else. “Some people will argue it’s good karma,” she says.

Plus, you may need such a loan yourself one day.



Norwalk Reflector: Payday lending still surges in Ohio #bank #loans #for #bad #credit


#payday
#

Payday lending still surges in Ohio

The Center for Responsible Lending recalled the moment last week in its analysis of the payday and car title loan market in the state. The Washington think tank noted Jon Husted, then the House speaker, making the case for limiting interest rates to achieve a reasonable expectation that the borrower could pay back the loan and avoid a cycle of debt.

That was then. Now? In its study, the center found payday lenders and related operations thriving here, reaping more than $500 million a year in fees from financially strapped Ohioans, or twice as much as they collected in 2005.

They still charge the equivalent of triple-digit interest rates. These loans are advertised as temporary, a short-term fix to get a borrower from paycheck to paycheck or to deal with an emergency. Yet according to the analysis, the typical borrower ends up in debt for more than 200 days, snared in the trap of the predatory lender.

These lenders are not violating the law, or somehow exploiting a loophole in what lawmakers enacted. They simply shifted their operations, conducting business under the Ohio Mortgage Act and Ohio Small Loan Act. They now make loans based on a car title. They have exposed the sloppiness of state lawmakers, the legislature failing to close such alternative paths, something the Ohio Supreme Court made plain in a ruling last year.

That hardly takes the lenders off the hook. They are preying on the vulnerable and defying the will of Ohio voters. After lawmakers enacted the 28 percent limit on the interest charged, payday lenders mounted a statewide ballot initiative to overturn the restriction. The initiative failed 64 percent of voters wanting the limit to remain.

Ideally, lawmakers would respond to the maneuvering of payday lenders with legislation reinforcing their earlier intent and the position of voters. The Republican majorities, instead, largely have looked the other way, few returning to the purpose voice by Jon Husted.

As the center analysis notes, neither have state regulators moved in any aggressive way to enforce the 28 percent interest limit and protect consumers.

If state officials continue to side with predatory lenders, perhaps the federal Consumer Financial Protection Bureau will bring a measure of relief. The center relied on data collected by the bureau, finding, among other things, that 75 percent of all payday loan fees are generated by borrowers with more than 10 loans a year. The bureau currently is in the process of writing new regulations for payday lenders. These rules carry the potential for restraining abusive financial practices, requiring, for instance, that the lenders establish a borrower s capacity to repay a loan.

Closer to home, worthy local efforts have sought to develop alternatives to payday and car title lenders. The lenders are right to that extent: There is a need for such financial help. What should not be permitted is rank exploitation of the vulnerable, something Ohio once declared emphatically, only to have the call neglected and ignored.

2015 the Akron Beacon Journal (Akron, Ohio)

Visit the Akron Beacon Journal (Akron, Ohio) at www.ohio.com

Distributed by Tribune Content Agency, LLC.



Online Lending Personal Loans #bad #credit #payday #loans


#online personal loan
#

Clients can potentially utilize Online lending personal loans the finances Online lending personal loans since these financial products are unguaranteed by nature. Can not believe that? Well then, i ll demonstrate you absolutely.

If you’re owning various credit ratings troubles, it suggests that your financial condition is not actually within a good shape.

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Everything you need to do is match the Home loans suggestions being Online lending personal loans a real estate buyer. The following are one of the simple basic troubles, according to what type can decide upon the ideal new Online lending personal loans car finance.

Thus, it’s recommended to go through a proper internet homework before heading for just about any option.

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As a way to acquire financial loans if you are on benefit you ought to fulfill certain items then only you can get hold of the mandatory quantity easily. It is usually recommended that you just 1st take away free of charge Online lending personal loans duplicates of your credit score and causes it to become specified that it s totally free of errors It s also wise to anticipate to establish your credit ratings-value Online lending personal loans because of these loans by way of papers of this yearly cash flow, savings and the like.

The land is proper now on the brink of personal fold which is only surviving caused by certain challenging good reasons which wont last long.



Personal Lending Online up to $25, 000 in 7 Minutes or Less #direct #lender #payday #loans


#25000 loan
#

Get up to $25,000 Online – In Just 7 Minutes or Less

Getting The Money You Need

Fast, Convenient, Safe

Screaming fast funding

Need money now? Emergencies happen, and they don’t always respect your timetable. Apply, get a fast approval response, and get your funds as fast as tomorrow. In some instances you can take home a loan check on the same day. With an easy online application taking less than 7 minutes, what are you waiting for. Start now!

Get Matched With The Best Personal Loan Interest Rates For You

No matter what your credit rating, we can find the right personalized offer for your budget and lifestyle. Working with some of the top lenders available, we can help customize a program for your unique needs. Whether you are looking to borrow money for a short term or require long term repayment options, the right program for you may be waiting and as easy as 1-2-3. Simply fill out the form above to apply, and get approved for the financial relief you deserve.

If you need of money but you don’t want a complicated financial transaction, personal lending could be the right choice for you. Personal loans online are designed to provide money for applicants with little requirements, have very flexible repayment terms, and can offer needed financial relief in a crisis.

Takes Less Than 10 Minutes – Get Relief

Take Control of Your Finances



Wisconsin VA Loan, VA Lending Limits, VA Mortgage Rates in WI #student #loan #network


#va loan
#

Wisconsin VA Loans

Secure a VA Mortgage in Wisconsin

Veterans who live in the state of Wisconsin can qualify for a Wisconsin VA loan to fund their home purchase or refinance. VA loans are backed by the Department of Veteran Affairs (VA) and offer many benefits to veterans that traditional, conventional loans don t provide.

What is the VA Loan?

The VA loan program was created by the government as a way to reward or give back to the men and women who have served this nation by helping them transition into homeownership with a stable foundation and an affordable mortgage. The VA office does not fund the loans itself, though. All VA loans are provided by conventional mortgage lenders. But the backing that the VA offers gives lenders the ability to lower mortgage rates and offer better terms to veterans, making VA loans highly attractive.

VA Loan Benefits in Wisconsin

To explore the full range of benefits offered by a VA loan, contact a lender who has specialized in this loan type before. You can get started by filling out the form above. Some of the basic advantages of a VA loan are listed below.

  • VA loans can be taken out with no down payment attached.
  • You don t need to have high cash reserves on hand to purchase a home.
  • You don t need to pay for private mortgage insurance each month. The VA backing is sufficient.
  • You can roll the closing costs of the loan into the loan itself through a seller concession.
  • Credit and income requirements are fair and easy to meet.
  • There are no prepayment penalties attached.
  • You can select the loan term length that best meets your needs.

VA Loan Requirements and Eligibility

VA loans are available only to veterans, and while most veterans are able to purchase homes through the VA program, some are not. Speak with a VA loan specialist to determine the exact eligibility requirements you ll need to meet in order to qualify. A certificate of eligibility from the VA office is required. The basic qualification guidelines, however, are outlined below.

  • You must be an American citizen and a veteran of a branch of the US Armed Services.
  • You must have served for at least 90 consecutive days of active duty.
  • You must have been discharged under conditions other than dishonorable.
  • You should have a minimum credit score of 620.

VA Refinance

You can use a Wisconsin VA Streamline (IRRRL) refinance to replace your current mortgage with a refinance loan at a better rate. Many veterans are unaware that they can save significant money by pursuing the IRRRL refinance option. If interest rates have fallen lower than they were when you first took out your home loan, you can likely save significant money on your monthly payments and in reduced interest over the term length of your loan.

The VA Cash-Out refinance is an option which enables eligible borrowers to refinance into a VA mortgage, as well as take out as much as 100% of their current home equity as cash. The funds may be spent on medical expenses, college tuition, home improvements, and more.

Wisconsin VA Mortgage Rates

As with any mortgage types, you must perform some research in order to determine the best possible mortgage rates available to you when taking out a VA loan. Mortgage rates are volatile. They differ depending on where you live, the lender you choose to work with, and the state of the mortgage market. Check with several local lenders, more than just one, to get a feel for where rates currently rest. Don t simply select the first lender you contact. Do some research. This is the only way to uncover the lowest mortgage rates.

VA Lenders in Wisconsin

The form above will put you in touch with up to four different lenders in your part of Wisconsin who are experts in the mortgage profession. This is where the rubber meets the road. It s time to actually connect with professional and find out what the VA loan can do for you. Don t forget to check up on VA loan limits in your area before you start searching for a home. If you need additional information, contact the Department of Veteran Affairs.

Wisconsin Military Information

Currently, Wisconsin maintains one active military facility. This facility is Fort McCoy, which is located east of Sparta. This military base is home to many veterans in the state of Wisconsin. If you re one of them, consider a VA loan to help you purchase your home.



Umpqua Bank home lending – rate assumptions #no #credit #check #payday #loans


#loan rates today
#

Today’s rates

Loan Program Interest Rate/Annual Percentage Rate Assumptions for payments listed above

General Disclosures Assumptions

Loan programs are subject to credit approval.  Other terms, conditions, restrictions fees may apply. Full documentation, title property insurance required. Flood insurance required if property is located in a Special Flood Hazard Area. Mortgage loan programs offering minimal down payment options may require mortgage insurance.

The Interest Rate APRs displayed are accurate as of 11/17/2015 07:30 AM PST, and are subject to change without notice. These are posted for example purposes and do not constitute a commitment to lend.

The APRs displayed depend upon many variables based on loan programs, agency requirements, terms and underwriting guidelines. They reflect the current interest rate and may include discount points (as indicated in each specific loan program to the right, as applicable) and do not include other specific finance charges you may be required to pay. Quotes are based on a mortgage loan for residential home purchase transactions not for refinances and are based upon a 30 day rate lock period. Loan pricing can only be locked with an Umpqua Loan Officer or our Direct Lending Group.

Payments shown above do not include amounts for taxes and insurance. Actual payment obligation will be greater.

Specific Loan Program Disclosures Assumptions



Peer to Peer Lending Sites: An Exhaustive Review #used #auto #loan


#peer to peer loans
#

The entire US p2p ecosystem in a single list

Many people like peer to peer lending for its low loan rates. Others celebrate its consistent and generous ROI. But the truth is that neither of these benefits are very profound. For example, while it is crucial to get out of debt (perhaps through a p2p loan), the process isn’t all that fun. Quite the opposite; making those monthly payments can be a real chore.

This applies to investing as well. Earning a return is key to a healthy retirement, but it really isn’t all that interesting. A dull number on your screen slowly grows over a 2-4 decades until a certain retirement threshold is reached and you’ve “made it” a long time to wait for a party.

My favorite aspect is something altogether different. What captivates me about peer to peer lending is its transparency and collaboration. Certainly competition exists, but the long storied history of peer to peer lending is really one of people figuring this out together.

To illustrate this, today I’ll review every peer to peer lending website in the United States, highlighting the collaborative part they play in the overall lending ecosystem.

Two American P2P Lending Companies

Many online lending companies have launched in the United States, but only two are purely peer to peer. Only two connect everyday investors to borrowers: Lending Club and Prosper. Additional platforms will launch in the future, but for now these are the sole two.

Lending Club

You really can’t talk about peer to peer lending without starting with Lending Club. The industry leader, founded in 2007, has gone on to issue over $9 billion in loans. Their site has the best user interface and the largest 3rd-party investor ecosystem. Recently, Lending Club went public on the New York Stock Exchange, becoming the first publicly traded online lender in history.

They offer loans between $1000 to $35,000. Interest rates range from 6.6% to 29.9%. Their average loan is for $15,000 and has a 13.4% APR. Read: our Lending Club review for borrowers .

Lending Club investors: typically earn between 5% and 9%, depending on how much risk is taken on. Read: our Lending Club investor review

Prosper Marketplace

Prosper made history when they launched in 2006. They were the first ever American peer to peer lending company. Since then, the company has experienced tremendous growth and success, having recently issued an incredible $3 billion in loans. Recently, they were named by Forbes as one of the most promising companies in America.

Prosper offers loans between $2000 and $35,000. Interest rates range from 6.6% to 35.9%. The average loan at Prosper is for $13,000 and has a 13.9% interest rate. Read our loan review for Prosper .

Loans up to $35,000

Check your rate at both, go with the lower rate.

Check Your Rate

Prosper investors: typically earn between 5% and 9.5% depending how much risk is taken on. Read: our Prosper investor review

P2P Lending News and Education Sites

A wide variety of news and education sources have sprung up around these two companies.

Lend Academy

CrowdFund Insider

Orchard Platform

P2PLendingExpert

Stu Lustman is a credit professional who brings his own value to this space. Furthermore, he has a unique take with peer to peer Bitcoin lending re: his coverage of BTCJam .

LendingMemo

Launched in January 2013, this site continues to be a joy and privilege to work on. Thanks for reading 🙂

Secondary Blogs

Even though PeerCube and LendingRobot are more known for their savvy p2p tools, they operate blogs on the side that are filled with interesting and helpful information on this investment.

PeerCube Blog: PeerCube.com/blog

P2P Lending Investing and Analytics Tools

NSR Invest

Probably the main investor analytics site for years has been NSR Invest (originally Nickel Steamroller). NSR offers a fast and robust backtesting tool that allows investors to breakdown the historical loan data in pretty much any way they desire.

On top of that, they offer great charts of industry growth, the most advanced portfolio analysis in the country (including Prosper), and fund management for accounts over $10,000.

LendingRobot

LendingRobot is the biggest auto-investing tool in the space, having received a lot of positive press as of late (TechCrunch ). Their tool automates Lending Club and Prosper investments in a variety of interesting ways. Not only can you auto-invest with filters (video ), but their Estimated Return parameter invests with an algorithm, allowing you to increase your returns without needing to learn filtering at all. They have pre-set filters for conservative and aggressive investment strategies.

Lately, LendingRobot even added functionality for the Folio secondary market, allowing you to automatically place loans for sale on Folio that, for example, drop a certain amount in FICO.



Instant Cash Advance Online Seems a Preferred Method of Borrowing, says CEO of One of the Lending Companies #no #credit #auto #loans


#instant cash loan
#

Instant online cash advance from http://instantcashadvanceglubos.com/ proves to be a good option for people who need cash in a hurry as they celebrate their first anniversary with great success.

(PRWEB) August 09, 2012

No one wants to incur long-term debt, but another option for borrowing money for emergencies is the instant approval cash advance online. This is a short-term loan for up to $1,000, depending upon the borrower s ability to repay.

The first step in getting instant cash advance loans is to fill out the payday representative s loan application and return it via e-mail. The representative then finds a lender that fits the borrower s needs and forwards the borrower s loan application to them. Approval takes just seconds and no credit check is done.

After the representative receives cash advance instant approval, the potential borrower is requested to submit his or her banking information. Then the money is transferred into the borrower s checking account.

A borrower can use the online instant cash advance for anything he or she chooses, whether it is for the deposit on an apartment, the down payment on a car, for medical expenses or for a much needed get-away with the family. Instant cash advance payday loans makes it possible.

After two weeks have elapsed, the instant cash advance no credit check lender then deducts the amount of the payday loan, plus the loan fees from the borrower s checking account. The loan fee on a payday loan is usually $15 for every $100 borrowed. If this seems a little bit high, it must be remembered that there is no credit report run on a cash advance instant payday loan. It takes seconds for approval and the loan funds are deposited into the borrower s bank account within a day. A person researching various loans and loan terms would never find the traditional lending market to be so user friendly and fast.

The requirements for getting a payday loan are few. The borrower must be at least 18 and be a U.S. citizen with a regular job for at least six months, earning at least $1,000 a month in gross income. The borrower may also be on a fixed income, such as Social Security or Workers Compensation, and receiving at least $800 per month in order to qualify for a payday loan. Once a borrower has paid off a payday loan, more loans can be taken out from the same lender in increasing dollar amounts.

Now people who need cash for an emergency or an unexpectedly high bill have a viable option for their borrowing needs with a cash advance payday loan .

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Florida Private Lenders offering hard money lending to borrowers #long #term #payday #loans


#private loan lenders
#

“Lending Made Simple”

Home

Welcome to Florida Private Lenders, the leader in FLORIDA HARD MONEY LENDING!

Looking to buy a home or other real estate in Florida?

GET PRE-APPROVED NOW  BY FILLING OUT OUR SIMPLE FORM  

OR CALL US NOW AT 1-940-LEND-TO-U! 

Why hard money lending?

Many people in Florida and around the country are having trouble finding conventional mortgages.   Because of the mortgage crisis, most large financial institutions and banks have made the mortgage application process very difficult and time consuming for potential borrowers.  Consumers can be denied conventional mortgages because they are self-employed, having poor credit or personal foreclosure history, and current mortgage delinquency.  However, you can still likely achieve your goal of purchasing a house or other types of property through obtaining a hard money loan.

What is hard money lending?

Private companies, like Florida Private Lenders, issue hard money loans to people unable to secure conventional mortgages.  The duration or length of the loan is typically shorter than a conventional mortgage, but the interest rates can be higher depending on the circumstances.  Typically, the hard money lender lends between 60-70% of the property value and the borrower makes a down payment for the remaining 20-30%.  The LTV (loan to value) is lower than conventional mortgage, which provides security for the lender in the chance of a default.

Who qualifies for our hard money lending solution?

Hard money lending is extremely beneficial and timely for people who may not qualify for traditional financing. While every situation is different, hard money borrowers typically share the following:  the borrower is unable to obtain a conventional mortgage, but is still able to make a down payment towards the purchase price of the property.

Start the hard money lending process now!

Florida Private Lenders understands our hard money lending service may not be the service for you.  But, if you are interested in learning more about hard money lending, don t hesitate to contact us by filling out filling out a pre-approval mortgage form and one of our hard money lending consultants will contact you to better understand your situation.  Or you can call us toll free at (1-940-LEND-TO-U)  and we can begin formulating a plan together right away.  If Private Money Lenders isn t right for you, we will be happy to point you in the right direction.



Commercial Loans and Lending #amortize #a #loan


#commercial loans
#

Commercial Banking

Whether successfully fueling day-to-day operations with a line of credit, or requiring a more complex financing solution to meet long-term goals, Capital One has both the comprehensive suite of credit and financing solutions and the specialized expertise to meet your business or industry specific needs.

Term Loans and Lines of Credit

Capital One offers a variety of term loans and lines of credit to meet your immediate, seasonal and ongoing working capital needs:

  • Fixed term lengths and monthly payments
  • Flexible, secured, and unsecured options
  • Revolving lines of credit
  • Check-writing ability
  • Flexible repayment terms with no prepayment penalties

Loan Syndications

We can devise a successful syndication strategy (including credit structure, terms, and pricing), regardless of the amount and transaction complexity, to help you streamline and simplify your access to capital. We facilitate many types of credit facilities, including:

  • Revolvers
  • Term Loans Secured and Unsecured
  • Letters of Credit
  • Construction Loans

These credit facilities can provide funding for general corporate purposes, including working capital, capital expenditures, acquisitions, and recapitalizations. Capital One will also manage the bank syndicate in an ongoing administration role throughout the life of the facility.



Welcome to the International Institute of St #international #institute, #st. #louis, #missouri, #refugees, #immigrants,resettlement #services, #english #classes, #counseling, #translation, #interpretation, #job #placement, #festival #of #nations, #diversity, #cultural, #economic #development, #social #work, #elderly, #human #trafficking, #domestic #violence, #immigration #assistance, #application #prep, #small #business, #financial #literacy, #peer #lending #circle, #community #development #corp, #young #friends, #volunteers


#

The International Institute is St. Louis’ welcoming center for new Americans. Our mission is to help immigrants and their families become productive Americans and champion ethnic diversity as a cultural and economic strength.

We provide essential community integration services to more than 7,500 immigrants and refugees from 80 countries each year. Our clients range from low-skilled to high-skilled and from non-literate to university-educated. Many are refugees who have fled war-torn countries around the world. We also work to build connections between foreign-born and long-time residents and produce Festival of Nations, our region’s most popular multi-cultural celebration.

Together, we can improve lives and help strengthen the St. Louis region.

Upcoming Events

July 1 – September 4; Pi Pizzeria
(all locations)
United in Goodness
Please join us to celebrate our diversity and all that unites us. On July 1st, we will introduce new menu items to support PROMO & International Institute St. Louis. Come together around pizza and new internationally inspired items from Chef Cary McDowell, and we’ll donate a % of your bill to these organizations which welcome and celebrate diversity, GOODNESS and all that unites our community. Click here for more info.

July 21 – 7pm – 10pm; Wheelhouse
50/50 Fridays
Proceeds benefit the International Institute. Click here for more info.

Sept. 15-24
Welcoming Week 2017
Proceeds benefit the International Institute. Click here for more info.

Get Involved

Value of Immigrants: Learn more about local and statewide impact. St. Louis overview ; Feb. 21 PPT briefing. Missouri detailed report.

Executive Order 13769: Learn More
New Executive Order – White House: Office of the Press Secretary – March 6, 2017

Sign up for AmeriCorps 11-month program at IISTL.

IISTL Tours
Last Wednesday Monthly at 10 am. Group tours of five or more visitors can be arranged at other times. Use this form for both requests.

Request a Speaker
Schedules, especially for the Institute’s Leadership team, are filled far in advance. Notice of 4 months or more will improve the chances of meeting your request. Use this form for requests.

Rent Event Space
Event space is available for rental by groups or individuals. First priority goes to collaborating organizations and clients. Use this form for requests.



JCF Lending Group – Mobile Home Loans – Manufactured Home Financing – Mobile Home Refinancing #loan #sharks


#loan companies
#

MOBILE HOME LOANS FOR HOMES IN PARKS LEASED LAND

В JCF Lending Group provides mobile home loans, for both financing and refinancing. Founded in 1994 for the sole purpose of providing mobile home loans for consumers that live in or want to purchase a manufactured home. We have limited our business to customers who reside in mobile home parks or communities or on family, leased, rented or owned land. JCF offers mobile home financing and manufactured home refinancing to customers with good to excellent credit.В

Our specialty is a Chattel Mortgage , which refers to a mobile or manufactured home loan, where only the home will be financed.В We can help with purchase or refinance, but only when the land is not invloved in the transaction.

В JCF is able to offer our manufactured home customers who wish to refinance their current loan some of the lowest mobile home loan rates in the nation. We also offer mobile home financing to qualified consumers who wish to purchase a mobile or manufactured home with as little as 5% down. Our qualified staff, with over 30 years of experience in the manufactured home industry will walk you through every step of the mobile home loan process.В

MOBILE HOME MORTGAGES WITH EXCEPTIONAL RATES TO REWARD YOUR GOOD CREDIT

All of our manufactured and mobile home loan programs come with No Pre-Payment Penalties, No Application Fees, and manufactured home loan terms from 7 to 25 years. We are also proud to offer some of the lowest mobile home rates and fee combination available. JCF will provide you with a credit decision, usually within 24 hours of your mobile home loan application, whether it is a manufactured home purchase, or mobile home refinance. В We will also offer you up to 8 different manufactured home loan scenarios to chose from.

JCF is open from 7:00 a.m. – 7:00 p.m. Pacific Standard Time, Monday through Friday, and Saturdays from 8:00 a.m. – 3:00 p.m. В You can reach us toll free at (866) 967-0143.

MOBILE HOME FINANCING WITH AS LITTLE AS 5% DOWN

Need mobile home financing – Whether you are considering buying a used mobile home or buying a new manufactured Home, JCF Lending Group will find a mobile home mortgage that’s right for you. The type of mobile home financing loan received depends of several different factors, the year of the mobile home and current value is a strong factor, as is the credit of the applicant and the monthly Income. When you think of mobile home financing, think JCF.

Once the mobile home financing loan is approved, the amount of the down payment determines the interest rate offered. As an example, a 10 or 20 percent down will offer a better rate than 5 Percent Down. Our terms vary from 7 years to 25 years, depending on the loan program you choose. The best manufactured home financing rate can normally be obtained in most cases with at a 10 year term. It is important to remember that the shorter the term. the less interest you will pay in the long run.

MANUFACTURED HOME REFINANCING – LOWER RATE LOWER PAYMENT

Need manufactured home refinancing – By adjusting your current Interest Rate and the number of remaining loan payments, many things can be accomplished. Savings can be great and long term savings even better. Reduced monthly payments and thousands of dollars of savings are a few of the possible benefits of mobile home refinancing or that low rate manufactured home loan.

If the manufactured home is in good condition and there is a sufficient amount of equity in your home, additional options such as an equity cash-out and debt consolidation manufactured home mortgage can be an option. Our Staff will quickly ascertain whether manufactured home refinance will be beneficial. Our goal is to make sure each and every customer is offered the right mobile home finance option.

Q:What Credit Score is Needed for a Manufactured Home Mortgage Loan?

A: JCF Lending Group is an A paper loan provider and we require good to excellent credit. Currently, our minimum mortgage ccore for purchase financing is 660, for both purchase and a mortgage score of 680 for refinance. We will look at lesser scores on a case by case basis. In all situations, you must have a minimum of 4 years credit history.

Q: I Have Bad Credit. Can I use a Cosigner with JCF Lending Group?

A: No. Every applicant must meet our credit criteria. We would caution potential consumers looking for this solution, as most upscale mobile home parks and leased lot communities will not grant approval for residency for consumers with a poor credit history. Normally, all occupants over the age of 18 that plan to live in a mobile home park or leased lot manufactured home community, must pass both a credit and criminal background check.

Q: Does JCF Offer Land Manufactured Home Financing?

Q: My Mobile Home is in a Park and/or on leased land, Can You Help?

A: Yes. JCF specializes in this type of manufactured home financing and/or loans. In fact, this is what the name of our URL (www.chattelmortgage.net) means, a loan for a home not attached to property by way of deed or title. We offer the lowest rate fee combination Nationwide.



Online Lending Personal Loans #student #aid


#online personal loan
#

Clients can potentially utilize Online lending personal loans the finances Online lending personal loans since these financial products are unguaranteed by nature. Can not believe that? Well then, i ll demonstrate you absolutely.

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Payday Lending State Statutes #personal #loans #online


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Payday Lending State Statutes

Table of Contents

Contact

PLEASE NOTE: Please note the summaries should be used for general informational purposes and not as a legal reference. NCSL is unable to provide guidance to citizens or businesses regarding payday loan laws and practices. If you have questions regarding the application of a state law to a specific payday loan, please contact the Office of the Attorney General in your state.

This page summarizes state statutes regarding payday lending or deferred presentment, which features single-payment, short-term loans based on personal checks held for future deposit or on electronic access to personal checking accounts.

Thirty-eight states have specific statutes that allow for payday lending. Eleven jurisdictions do not have specific payday lending statutory provisions and/or require lenders to comply with interest rate caps on consumer loans: Connecticut, Guam, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Puerto Rico, Vermont, Virgin Islands and West Virginia. Arizona and North Carolina allowed pre-existing payday lending statutes to sunset. Arkansas repealed its pre-existing statute in 2011.

The box allows you to conduct a full text search or use the dropdown menu option to select a state.



Payday Lending #school #loan


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Payday Lending

Please note that the Georgia Department of Banking and Finance does not regulate payday lenders. 

Payday lending in its most common form is illegal in Georgia .  Payday lending is the practice of using a post-dated check or electronic checking account information as collateral for a short-term loan.  A typical payday loan involves the taking of a check and holding it for a few days or weeks (until “payday”), then depositing it or requiring repayment of the loan of $100 to $500 plus a fee or interest.

Small loans of less than $3,000 are regulated by the Georgia Industrial Loan Act.  This Act provides that persons or companies making loans and charging interest thereon at a rate of more than 8 percent (simple interest per annum) shall be subject to the Georgia Industrial Loan Act (“GILA”) and shall be required to obtain a license from the Office of the Commissioner of Insurance unless they are exempt from such licensure.

The Georgia Department of Banking and Finance does not handle complaints relating to payday lenders.  If you are the victim of a payday lender, contact your county district attorney and notify the Office of the Commissioner of Insurance, Industrial Loan Division (404-656-2078).

If you believe that a lender has violated the Truth in Lending Act, file a complaint with the Federal Trade Commission (FTC).



OpenRoad Lending #low #interest #personal #loan


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Car Loan Refinance Application It’s Fast, Easy and Free

OpenRoad is a consumer friendly online auto finance company with a high level of customer satisfaction and favorable loan terms for customers of all credit types. OpenRoad is a trusted lender across the nation who has helped tens of thousands of customers realize their dream of owning the car they have always wanted as well as the thrill of saving money by refinancing their current auto loan.

OpenRoad is a consumer friendly online auto finance company with a high level of customer satisfaction and favorable loan terms for customers of all credit types. OpenRoad is a trusted lender across the nation who has helped tens of thousands of customers realize their dream of owning the car they have always wanted as well as the thrill of saving money by refinancing their current auto loan.

Apply online from anywhere in minutes with no obligation. Get an answer back in as fast as 1 hour and save hundreds or even thousands on your auto loan!



JCF Lending Group – Mobile Home Loans – Manufactured Home Financing – Mobile Home Refinancing #cash #advance #loans


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MOBILE HOME LOANS FOR HOMES IN PARKS LEASED LAND

В JCF Lending Group provides mobile home loans, for both financing and refinancing. Founded in 1994 for the sole purpose of providing mobile home loans for consumers that live in or want to purchase a manufactured home. We have limited our business to customers who reside in mobile home parks or communities or on family, leased, rented or owned land. JCF offers mobile home financing and manufactured home refinancing to customers with good to excellent credit.В

Our specialty is a Chattel Mortgage , which refers to a mobile or manufactured home loan, where only the home will be financed.В We can help with purchase or refinance, but only when the land is not invloved in the transaction.

В JCF is able to offer our manufactured home customers who wish to refinance their current loan some of the lowest mobile home loan rates in the nation. We also offer mobile home financing to qualified consumers who wish to purchase a mobile or manufactured home with as little as 5% down. Our qualified staff, with over 30 years of experience in the manufactured home industry will walk you through every step of the mobile home loan process.В

MOBILE HOME MORTGAGES WITH EXCEPTIONAL RATES TO REWARD YOUR GOOD CREDIT

All of our manufactured and mobile home loan programs come with No Pre-Payment Penalties, No Application Fees, and manufactured home loan terms from 7 to 25 years. We are also proud to offer some of the lowest mobile home rates and fee combination available. JCF will provide you with a credit decision, usually within 24 hours of your mobile home loan application, whether it is a manufactured home purchase, or mobile home refinance. В We will also offer you up to 8 different manufactured home loan scenarios to chose from.

JCF is open from 7:00 a.m. – 7:00 p.m. Pacific Standard Time, Monday through Friday, and Saturdays from 8:00 a.m. – 3:00 p.m. В You can reach us toll free at (866) 967-0143.

MOBILE HOME FINANCING WITH AS LITTLE AS 5% DOWN

Need mobile home financing – Whether you are considering buying a used mobile home or buying a new manufactured Home, JCF Lending Group will find a mobile home mortgage that’s right for you. The type of mobile home financing loan received depends of several different factors, the year of the mobile home and current value is a strong factor, as is the credit of the applicant and the monthly Income. When you think of mobile home financing, think JCF.

Once the mobile home financing loan is approved, the amount of the down payment determines the interest rate offered. As an example, a 10 or 20 percent down will offer a better rate than 5 Percent Down. Our terms vary from 7 years to 25 years, depending on the loan program you choose. The best manufactured home financing rate can normally be obtained in most cases with at a 10 year term. It is important to remember that the shorter the term. the less interest you will pay in the long run.

MANUFACTURED HOME REFINANCING – LOWER RATE LOWER PAYMENT

Need manufactured home refinancing – By adjusting your current Interest Rate and the number of remaining loan payments, many things can be accomplished. Savings can be great and long term savings even better. Reduced monthly payments and thousands of dollars of savings are a few of the possible benefits of mobile home refinancing or that low rate manufactured home loan.

If the manufactured home is in good condition and there is a sufficient amount of equity in your home, additional options such as an equity cash-out and debt consolidation manufactured home mortgage can be an option. Our Staff will quickly ascertain whether manufactured home refinance will be beneficial. Our goal is to make sure each and every customer is offered the right mobile home finance option.

Q:What Credit Score is Needed for a Manufactured Home Mortgage Loan?

A: JCF Lending Group is an A paper loan provider and we require good to excellent credit. Currently, our minimum mortgage ccore for purchase financing is 660, for both purchase and a mortgage score of 680 for refinance. We will look at lesser scores on a case by case basis. In all situations, you must have a minimum of 4 years credit history.

Q: I Have Bad Credit. Can I use a Cosigner with JCF Lending Group?

A: No. Every applicant must meet our credit criteria. We would caution potential consumers looking for this solution, as most upscale mobile home parks and leased lot communities will not grant approval for residency for consumers with a poor credit history. Normally, all occupants over the age of 18 that plan to live in a mobile home park or leased lot manufactured home community, must pass both a credit and criminal background check.

Q: Does JCF Offer Land Manufactured Home Financing?

Q: My Mobile Home is in a Park and/or on leased land, Can You Help?

A: Yes. JCF specializes in this type of manufactured home financing and/or loans. In fact, this is what the name of our URL (www.chattelmortgage.net) means, a loan for a home not attached to property by way of deed or title. We offer the lowest rate fee combination Nationwide.



Campbell: City considering new rules for payday lending and check cashing businesses in city – San Jose Mercury News #mortgage #rates #today


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Campbell: City considering new rules for payday lending and check cashing businesses in city

Photograph by George Sakkestad Campbellâ s Planning Commission forwarded a recommendation to the city council revamping a city ordinance to regulate the location of payday lenders and check cashing businesses. The goal is to restrict the businesses to certain areas of the city away from low-income neighborhoods and liquor stores. Pictured is the Check n Go and liquor store that are located right next to each other near the corner of Hamilton Ave and Winchester Blvd,

%img src=”http://extras.mnginteractive.com/live/media/site568/2015/1111/20151111__scam1113payday%3C/p%3E%0D%0A%3Cp%3E1_VIEWER.JPG” /%

Campbell officials are looking to clamp down on check cashing and payday lending businesses in the city.

The planning commission on Oct. 27 unanimously voted to recommend to the city council a proposal that would change city zoning to limit where in the city the businesses could be located as well as various new rules for storefront aesthetics and operating hours.

The city council is set to review the recommendation on Nov. 17.

The revamped ordinance could restrict check cashing and payday lending services within five specified “general commercial” zoned areas within the city. The commission is recommending that the businesses be permitted to operate only in general commercial areas and away from low-income neighborhoods.

“In creating the proposed ordinance, the staff’s approach was to still allow payday lending and check cashing businesses, but in certain location under certain conditions,” said Naz Pouya, a city project planner.

In addition, the commission is recommending the council require such businesses to be located at least 500 feet from liquor stores. One of the six existing businesses is located within a liquor store.

There are currently six check cashing and payday loan businesses in Campbell. Five of the six businesses offer check cashing, with three businesses also providing payday lending services. Two establishments offer just check cashing, and one provides just payday loans.

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The commissioned recommended that only three establishments should operate in the city within the proposed areas. Those areas include: West Hamilton Avenue west of the San Tomas Expressway; East Hamilton Avenue east of South Winchester Boulevard; South Bascom Avenue north of Dry Creek Road; Camden and South Bascom avenues south of Camden Avenue; and South Winchester Boulevard south of Sunnyoaks Avenue.

According to the Oct. 27 city staff report, the area between San Tomas Expressway and South Winchester Boulevard is recognized as a predominantly low-income neighborhood even though the city as a whole is considered a high-income community.

If the council approves the recommendation, establishments would also have to adhere to operation hours of 7 a.m. to 7 p.m. The same hours are required in the cities of Sunnyvale and East Palo Alto. Signage promoting check cashing and payday lending would also be limited to no more than 10 percent of storefront doors and windows. The decrease in signage would allow police officers a better view inside the businesses when on patrol and reduce the possibility of luring additional customers.

Security bars on doors and windows would also be prohibited as the additions are “found to negatively impact the aesthetics of storefronts and buildings, as well as the surrounding neighborhood,” according to the staff report.

The city is considering amending its current ordinance to address what the city is saying are “social and safety concerns” associated with such businesses. Earlier in the year the city council made payday lending issues a priority in an effort to prevent the city’s most financially vulnerable residents from an endless cycle of loans.

Payday loans usually have 14-day terms; the borrower provides a post-dated check for the amount of the loan plus the lender’s fees. The borrower immediately receives cash, and the check is cashed on the borrower’s next payday unless the loan is paid back. Under state law, $300 is the maximum loan amount with a maximum fee of 15 percent of the loan for a maximum of 31 days. The fees work out to a higher interest rate than most credit cards, according to city staff.

Payday lenders tend to operate in low-income neighborhoods, promoting a borrowing cycle for those who have a chronic income shortage, according to Kyra Kazantzis, who spoke at the Oct. 27 meeting as a representative for the Law Foundation of Silicon Valley. The foundation is also part of the Coalition Against Payday Predators.

These businesses are “designed so people have to take loan after loan,” Kazantzis told the planning commission.

Campbell police representatives told the commission that the supply of cash at these businesses make them targets for crime, although there hasn’t been a robbery at a payday lender or check cashing business in the city in the last two years. Campbell police also noted that alarm activations and theft-related incidents are more common at these types of businesses.

If approved by council, the zoning changes would go into effect in two years. The six existing businesses must then apply for a conditional use permit with the city and relocate if they are not already in one of the designated five areas in the city.

“I couldn’t close down my business and relocate within two years without severe economic loss,” said Paul Soter, who spoke to the commission Oct. 27 on behalf of one of the current businesses.

Business owners could be granted an extension to continue operating while seeking a new location, according to city staff.

Planning Commissioner Yvonne Kendall said she would like to see payday lending business prohibited in the city in the future. She added that the 39 businesses located in San Jose were enough for Campbell residents to use.



Unsecured Loan Agreement – Easy To Edit Template For Lending #sba #loan #rates


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Unsecured loan agreement: person to person; private or business

About this unsecured loan agreement

A verbal agreement may be enough to lend small sums to people you trust, but even among family and friends, a formal record of terms will prevent a disagreement later. Where the risk of default is higher, or the arrangement is more complicated, it is essential to record the arrangement in a document like this one.

This unsecured loan agreement is intended for use in a family situation or between two people who know each other well, or to a director by his own company, where security is not required. It may be used for a loan by or to a limited company. If you are the borrower, you have the opportunity to edit any point you would prefer not to include.

An unsecured loan is money lent from one party to another without any collateral to secure its repayment. In most cases, these types of loans are considered somewhat high-risk, since the lender does not usually have any way of forcing the borrower to comply with the terms or make payments on time short of legal action. For this reason, most unsecured loans carry relatively high interest rates and are often only available to those with strong credit scores.

Reasons for Pursuing an Unsecured Loan

Unsecured loans are used primarily for small, short-term expenses, such as medical crises or wedding or funeral costs. The purpose of the loan does not affect the terms. The loan is usually intended to be repaid within about a year, though the terms can vary depending on the amount at issue and the relationship between the lender and the borrower. When a borrower does not have property worth charging, taking an unsecured loan may be his only way of obtaining a loan.

Simplicity is another reason to seek an unsecured loan. When only small amounts of money are at issue, it is not usually worth the hassle of transferring property titles and establishing a collateral relationship. A simple contract can often be the best way to proceed, even if there are negative trade-offs.

There is no limit in law on the interest that the lender charges. We have provided for a greater rate of interest if the borrower falls behind with repayments.

The agreement could be whatever you want to put in it, but we have provided a sound and comprehensive proposal containing options. It is supported by drafting notes so that you will know whether you can safely delete some provision. It is most unlikely that you will want to add new provisions, but if you do, it is easy. Our layout and use of plain English also make it very easy to edit by deletion.

When to use this unsecured loan agreement

  • The lender and the borrower may be a business or an individual
  • Suitable where a company lends to a director or employee
  • Suitable for personal loans to family and friends
  • Either or both parties may be in the Republic of India or abroad
  • Flexible for loans of any size and repayment terms of any complexity

The law in this unsecured loan agreement

There is little statutory regulation relating to an agreement of this nature, so you can make, more or less, the deal you choose.

Drawn outside the consumer credit legislation. this agreement is not suitable for companies in the business of lending or providing credit to consumers.

Alternatives to this unsecured loan agreement

Net Lawman offers three documents in this set. Each is available in two versions: one for a company borrower and the other set for a human individual or partnership borrower. All can be for any purpose.



Internet Loan Sharks: Person-to-Person Lending Online #boat #loan #calculator


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Internet Loan Sharks: Person-to-Person Lending Online

Posted January 19th, 2010

by PersonalLoans.org Staff (no comments)

For thousands of years, if you needed to borrow money from someone you tracked down a friend or relative and asked them for some cash. If you didn’t have a friend or relative that had money (most didn’t) you might go to a moneylender. A moneylender was very often considered the scum of the earth, and names like “usurer ” and “loan shark ” began to creep up. If there was any possible way to do it, you were better off borrowing from regular folks than you were borrowing from a moneylender.

Things are different today. Banks and loan companies aren’t nearly as predatory as they were four or five hundred years ago. Still, there are some compelling reasons to try to find a person to borrow money from rather than from an institution, not the least of which is that many people just don’t qualify under the lender’s rules.

Enter the Internet. Today, there is a solid and growing marketplace for person-to-person lending online. The basic concept is simple, really. You need a personal loan. and rather than going to a bank or traditional lender you go to an online marketplace that connects personal lenders with those that need to borrow money.

There are a couple of different person-to-person lending models online. One model uses an auction of sorts to connect lenders with the lowest interest rates with a specific borrower. The lenders compete with one another for the borrowers business. This process often involves middlemen who package the loans and resell them.

Another model bypasses the auction type setup. It concentrates on situations where the borrower and lender already have a connection. Maybe they’re friends, or maybe they work together. This type of model serves to formalize the loan between two people. This helps to create an environment in which the money factor is taken out of the relationship.

The point of Internet personal loans is to reintroduce some of that social element that’s gone from today’s centralized banking situation. It allows individuals to control their borrowing or investing. and it does so in a way that avoids much of the infrastructure overhead costs associated with traditional lending.

This phenomenon is growing, and rapidly. In the year 2005, there were around $118 million of these types of loans. That number more than doubled to $269 million in 2006, and more than doubled again in 2007 to $647 million. Some experts project a total of $5.8 billion in personal loans between individuals in 2010.



Loan Shark: get the facts on private lending #secured #loans #for #people #with #bad #credit


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Loan Shark: get the facts on private lending

All private lenders are loan sharks! I ve heard this statement many times from both borrowers and brokers who have not had such a positive experience with a private lender. I recently wrote and article in the Colorado Real Estate Journal focusing on this very statement. Below is an excerpt of the published article.

Before discussing the myths and realities about private lending and addressing the statement private lenders are loan sharks , it is important to define what exactly is private lending. If one were to ask five different people to define private lending, one would likely get five very different answers. Private lending is a niche product that many people are not fully familiar with.

Private Lending/Hard Money lending in its simplest form is a lender that makes a loan on a hard asset as collateral (this is where the term hard money lending comes from). A traditional lender when making loan decisions puts considerable weight on a borrower/properties debt to income ratio (debt service coverage ratio), current financials, tax returns, business plan, credit score, etc… In many cases, ratios must meet certain thresholds in order for a loan to get funded. With the recent credit crisis, the underwriting standards have become even more challenging for many borrowers therefore prohibiting them from obtaining conventional financing.

Private lending is radically different than traditional bank lending. A private lender loans up to 60% (typically but varies based on the lender) on the value of the property (residential or commercial real estate) without having to satisfy all the aforementioned metrics that a bank requires. As a result, private lenders are able to fund loans that do not fit traditional lending guidelines. They are also able to close loans very quickly (we have closed and funded loans in as quick as three days). How can a private lender not follow traditional guidelines and fund so quickly? The simple answer is that a private lender funds in cash and is not a bank and therefore not bound by various regulators.

At the beginning of the article I started with the statement: “private lenders are loan sharks”. This is the most common misconception about private lending because many people do not fully understand private lending and when it is best utilized. Private lenders like myself are in the business of providing financing when traditional sources don’t work for whatever reason. Although the rates are moderately higher than a traditional lender, the loan ultimately saves the borrower substantial money. In the two cases above (see article below for the details on the savings to borrowers). both borrowers were destined to lose substantial money if they did not complete their financing quickly, the borrower in Frisco was facing a default rate of 38% along with further dings to his credit and the Denver attorney was facing a loss of over 150k in equity that was put into the property. The private loan saved each of these borrowers thousands of dollars. Although private lending is not used in every situation, private lending is an important tool for any real estate professional when conventional financing is not an option.

If you have any questions on private lending or hard money lending; feel free to post the question here and I will respond.

See the Original Article published in the Colorado Real Estate Journal:



Personal Lending #best #payday #loan


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Borrow

Buying a new car, need a bigger home or require short-term coverage for personal expenses 1. Get the home team advantage with Nevada State Bank’s local banking expertise and commitment to local economic development- not to mention our competitive rates and flexible terms.

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We have all the financial tools and services for your residential mortgage needs, including:

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Enjoy credit at your fingertips for a variety of purposes:

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Put yourself in the driver’s seat with auto and vehicle financing from Nevada State Bank. We offer sound advice, fast service and easy terms so you can focus on the road ahead.

Need some help covering personal expenses? We offer both secured and unsecured signature loans. We’ll also help you find the best option for your needs. Apply now for:

Questions? Call us today at 800-727-4743. or contact your local Nevada State Bank branch Relationship Manager to find out how our Personal Banking Services can benefit you.

1. Loans subject to credit approval. Terms and conditions apply. See bank for details.



Personal Lending Online up to $25, 000 in 7 Minutes or Less #unemployment #loans


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No matter what your credit rating, we can find the right personalized offer for your budget and lifestyle. Working with some of the top lenders available, we can help customize a program for your unique needs. Whether you are looking to borrow money for a short term or require long term repayment options, the right program for you may be waiting and as easy as 1-2-3. Simply fill out the form above to apply, and get approved for the financial relief you deserve.

If you need of money but you don’t want a complicated financial transaction, personal lending could be the right choice for you. Personal loans online are designed to provide money for applicants with little requirements, have very flexible repayment terms, and can offer needed financial relief in a crisis.

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10 Traps to Avoid When Taking out a Personal Unsecured Loan – Lending Club Blog #bad #credit #loans #online


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10 Traps to Avoid When Taking out a Personal Unsecured Loan

The following is a guest post by Neil Faulkner, freelance journalist.  This article was originally posted on and adapted for US audiences with permission from lovemoney.com. a popular money management online publication in the UK.

Taking out a new loan can be a dangerous endeavor. Here are the ten costliest traps to watch out for when taking out an unsecured personal loan.

Unsecured personal loans are the simplest products there is, but the finance industry still manages to squeeze in a good number of extra ways to make money from you. I ve counted many traps so, before you buy, read here for what I think are the biggest ten:

1. Small and fleeting

The temptation with loans, particularly if they re being actively sold to you, is to go for an even bigger sum than you first thought. What s more, the lender will often convince you to drag out the loan for longer to reduce the monthly repayments. They re not being helpful; they re trying to earn more money over a longer time frame. When you pay debt interest, you ll never get it back, so you want to make the loan as short and small as possible to keep down those costs.

2. Fix it

Most personal loans have fixed interest rates, but you do have to watch out for the occasional variable rate loan. Look for the word fixed .

3. Compare the TAR, not the APR.

The annual percentage rate or APR (e.g. 16% APR ) is meant to be a standard way of comparing the cost of a loan over a year. However, the APR can be manipulated by the lender, so the best way to compare the cost of a loan is to look at the total amount repayable or TAR. This is the total cost including interest and charges that you will pay from your first payment to your last. You should also ensure that you can afford the monthly payment.

4. It s not all about cost

It s the total cost – the TAR – that is the most important figure. However, you also want to know if this includes charges other than interest, such as an origination fee.  When comparing loans, make sure you include the origination fees charged by all options you are considering.

6. Consider alternatives

You should compare an unsecured loan with your most likely alternatives. The first and best, if possible, is saving up to buy later, but otherwise you can use credit cards to get a short term low interest rate.  If you have good credit scores, you can also score lower rates going to peer-to-peer lending sites like LendingClub.com in the US or Zopa.com in the UK.

If you use a personal loan to pay off other debts, ensure you cut up any existing credit cards and close the accounts. Avoid the temptation of using your debt-free credit cards and rack up more debts on them.  You will regret it.



Short Term Payday Loans by Lending Stream – Apply Online #loans #canada


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1272.0% APR

Responsible Lending: Carefully consider whether a loan is right for your individual financial situation. Borrowing of this type is an expensive form of credit that may be appropriate for short term financial needs but which is not appropriate for longer term borrowing or if you are in financial difficulty. All loan applications are subject to status checks, terms and conditions and to satisfactory passage of checks on credit worthiness and affordability.

Who we are

Since 2008, Lending Stream has been providing short term-loans.

Stepping Stones Blog

* Subject to loan approval, you will receive cash through our Express Cash Transfer option for free if supported by your bank. We can initiate the transfer of funds into your account within 4 minutes after final approval of your loan subject to an assessment of affordability and credit worthiness. The time that it takes for cash to appear in your account will depend on your bank’s policies and procedures.



Pennsylvania VA Loan, VA Lending Limits, VA Mortgage Rates in PA #student #loan #interest #calculator


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Get a Quote

Secure a VA Mortgage in Pennsylvania

Veterans in Pennsylvania can qualify for a Pennsylvania VA loan to fund either a home purchase or a refinance on an existing mortgage. These mortgages are incredibly beneficial and financially attractive for veterans who qualify. All VA loans are backed by the Department of Veteran Affairs (VA).

What is the VA Loan?

VA loans are unique, exclusive loans that are offered only to veterans, to the brave men and women who have served this nation. They are funded by the same lenders that fund all other loans, but the VA guarantees them, which removes some of the lending risk. This allows lenders to provide specialized mortgage terms and lower rates to veterans.

VA Loan Benefits in Pennsylvania

Some of the primary benefits of the VA loan program are listed below. Check out these advantageous.

  • No down payment necessary.
  • Low credit requirements and debt-to-income ratio requirements.
  • No PMI necessary.
  • No penalties levied for early repayment of the loan.
  • Multiple loan term lengths to choose from.

VA Loan Requirements and Eligibility

Once you re a veteran, you don t have to do much to qualify for a VA loan. Eligibility is established primarily by your veteran status. If you ve served in the US military for at least 90 consecutive days, you re eligible. A dishonorable discharge will disqualify you, however.

If you don t have a minimum qualifying credit score of 620, consider working on improving it before you apply for a VA mortgage.

You can obtain a certificate of eligibility (COE) from the VA. This document proves your eligibility to the lenders you contact. When you meet with a VA loan specialist, this document will establish your qualifications for a VA loan.

VA Refinance

You can refinance your existing mortgage through a Pennsylvania VA Streamline refinance. This refinance type, backed by the government through the VA, is one of the best refinance options available. It allows you to save both money and time during the refinance process, and the refinance itself will likely save you a lot of money if you can lock in a lower rate.

Also available is the VA Cash-Out refinance, which allows borrowers to access up to 100% of their home equity as cash which can be used for college dues, home improvements and more. Veterans who currently have another home loan can refinance into a VA mortgage using a Cash-Out refinance.

Pennsylvania VA Mortgage Rates

Mortgage rates vary depending on the area where you live and how the overall mortgage marketplace is currently faring. This makes research and careful planning essential. It s important to compare mortgage rates offered by multiple lenders before you decide who to work with.

VA Lenders in Pennsylvania

Not sure where to start comparing lenders? Get in touch with up to four lenders in your part of Pennsylvania by filling out the form at the top of the page. These four lenders can help you fund your VA loan and provide you information about mortgage rates and VA loan limits. For additional information, contact the Department of Veteran Affairs.

Pennsylvania Military Information

Pennsylvania is a state with a major military presence. Its significance in the US military network is well known, and many veterans and VA home loan applicants spend their military careers here. The state has three primary military facilities. These facilities are Carlisle Barracks, Letterkenny Depot, and Tobyhanna Army Depot.



Peer-to-Peer Lending for Bad Credit #personal #loans #interest #rates


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#

Peer-to-Peer Lending for Bad Credit

Peer-to-peer lending may be defined as one convenient option to borrow a sum from a known entity. The roots of this system are old; they are recently launched, sophisticated reminders of the good-old barter days, when trading goods for goods was the norm. However, the goods-for-goods rule gradually converted itself to the goods-for-money rule. The relaunch of this system proves advantageous, for the borrower approaches an individual he is fairly acquainted with and not a financial institution. Thus, instead of a bank, you would borrow the required sum from an individual.

In P2P lending as it is popularly known, you drop the component termed Bank from the plot. Peer-to-peer lending does not necessarily mean lending money to, and borrowing money from people, who are personally known to you. It, certainly, is a plus, if you are well aware of the person and his status quo with regard to financial matters and creditworthiness. However, it is possible that the transaction may involve a lender, who is unknown to you.

Growth of P2P Lending Services

A poor credit rating is a deterrent to availing loans at a reasonable rate of interest.

The most common reason for the difficulty experienced in borrowing can be attributed to the lack of creditworthiness on the part of the consumer. Sometimes, consumers would like to borrow small sums of money to meet ongoing expenses. The problem with traditional lenders is, they do not lend sums less than $3000 or so, even if the borrower does not have any collateral to offer. However, borrowing without a collateral at a favorable rate of interest is possible, only if the consumer has good credit scores and credit history. Hence, this mode of lending for customers with a bad credit report assumes a great deal of significance.

Some of these issues gave rise to peer-to-peer lending. Prior to the sub-prime crisis, people were able to borrow money by using their built-up home equity as collateral. The fall in the price of real property left most consumers with negative home equity. Thus, home equity loans and home equity lines of credit were no longer feasible. The consumer had to start relying heavily on other secured and unsecured loans. Secured loans required a collateral that most consumers did not possess, while unsecured loans were disbursed on the basis of the credit worthiness of the consumer. With bad credit no longer being a deterrent to availing small loans, consumers started flocking to the lenders (P2P) for the same.

How Does P2P Lending Work?

Peer-to-peer lending services work by bringing together lenders and borrowers. The lender is expected to set up an online account and deposit funds via ACH (Automated Clearing House), wire, check, or PayPal. A borrower, who is interested in availing loans, is expected to apply online, and post his/her requirements, viz. loan amount, the reason for the loan, the credit scores, the existing level of debt, and other relevant information. Although the borrower’s credit score is taken into consideration, the lenders tend to diversify their risk by lending small amounts to a large number of borrowers. Lenders can lend as little as $50 to the applicants. Even if a few bad-credit consumers do default, the chances of the lender recovering the principal and the interest on other loans is a distinct possibility. The lenders stand to gain in the form of interest and principal on the money that is lent. Moreover, they are not charged an account-maintenance fee.

The borrower has the opportunity to avail loans at a reasonable rate of interest, since lenders are allowed to bid on loans of their choice. Since the loan is sanctioned by the lowest bidder. the auction process has the effect of bringing down the rate of interest on the amount that is lent. The borrower is also given the opportunity to state his/her case, and try to convince the potential lender of the prudence of sanctioning a loan to the former. The application process is free, and this provides a small measure of comfort to the cash-strapped borrower.

In addition to providing a platform for the borrowers and the lenders, peer-to-peer lending services are responsible for verifying the authenticity of the information supplied by the consumers and complying with the regulatory requirements. Lending services also deduct the amount of interest and/or principal from the bank account of the borrowers and dispatch the same to the lenders. The lending services make money by levying a fee, on the borrowers and the lenders, for servicing the loan. Finally, person-to-person lending can help people with poor credit build their credit scores and credit history, since these lending services communicate the account information to the credit bureaus.



Payday Lending State Statutes #12 #month #loans


#pay day loan
#

Payday Lending State Statutes

Table of Contents

Contact

PLEASE NOTE: Please note the summaries should be used for general informational purposes and not as a legal reference. NCSL is unable to provide guidance to citizens or businesses regarding payday loan laws and practices. If you have questions regarding the application of a state law to a specific payday loan, please contact the Office of the Attorney General in your state.

This page summarizes state statutes regarding payday lending or deferred presentment, which features single-payment, short-term loans based on personal checks held for future deposit or on electronic access to personal checking accounts.

Thirty-eight states have specific statutes that allow for payday lending. Eleven jurisdictions do not have specific payday lending statutory provisions and/or require lenders to comply with interest rate caps on consumer loans: Connecticut, Guam, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Puerto Rico, Vermont, Virgin Islands and West Virginia. Arizona and North Carolina allowed pre-existing payday lending statutes to sunset. Arkansas repealed its pre-existing statute in 2011.

The box allows you to conduct a full text search or use the dropdown menu option to select a state.



OpenRoad Lending #co #op #loans


#apply for loan online
#

Car Loan Refinance Application It’s Fast, Easy and Free

OpenRoad is a consumer friendly online auto finance company with a high level of customer satisfaction and favorable loan terms for customers of all credit types. OpenRoad is a trusted lender across the nation who has helped tens of thousands of customers realize their dream of owning the car they have always wanted as well as the thrill of saving money by refinancing their current auto loan.

OpenRoad is a consumer friendly online auto finance company with a high level of customer satisfaction and favorable loan terms for customers of all credit types. OpenRoad is a trusted lender across the nation who has helped tens of thousands of customers realize their dream of owning the car they have always wanted as well as the thrill of saving money by refinancing their current auto loan.

Apply online from anywhere in minutes with no obligation. Get an answer back in as fast as 1 hour and save hundreds or even thousands on your auto loan!



Always Lending #apply #for #personal #loan


#money loans online
#

Income Information

You’re moments away from getting your loan offers!

LEGAL DISCLAIMER: We are an online marketing company. We do not make or provide any loans to consumers. We will share the information that you provide with various third-party financial institutions with which we have a business relationship, so that they can review your information and consider whether they want to reach out to you for further discussion regarding a personal loan. Our sole role is to provide your information to third-party financial institutions and we may receive a referral fee for that role, but we are not responsible for the products and services offered by third-party financial institutions.

No Guarantees of Loan or Rates: All personal loans are offered by third-party financial institutions, rather than our online marketing company. The decision to contact you is completely at the discretion of the financial institution and, if they contact you, the contact will be made by the personnel of the third-party financial institution. We do not guarantee that the loan, service terms, rates, etc. that are mentioned on our website will actually be the terms that may be offered to you if you pursue the offer, or, that they are the best terms or lowest rates available in the marketplace. The decision to offer you a personal loan and its terms (e.g. interest rate charged, length of loan, etc.) is completely at the discretion of the third-party financial institutions, is generally dependent on the credit-worthiness of the borrower and other considerations, and we have absolutely no say or control over that decision (and we don’t even know what that decision is, so please do not contact us with questions about the decisions of the third parties).



3000 Dollar Payday Cash Advance Lending – Small Personal Loans – Payday Cash Advances #fast #personal #loans


#payday cash loans
#

Getting Approved for a Loan of $3000 From a Conventional Lender Normal Banks

There is another way to borrow 3000 dollars too, and this is from conventional lenders. In years past, long before the coming of payday loan and cash advance providers, consumers could only take out small personal loans from regular (conventional normal) banks. Generally speaking, banks don t lend out less than $5000 at one time, because the APR they charge on their loans in less, and they have to lend out at least that much to make it worth their while.

Normal banks always need some form of security or collateral before they will approve a small cash loan too. They demand that the borrower has a fairly good credit rating as well. With these two factors in play, it could be (can be) very difficult for applicants who don t have good credit ratings and scores to get approved. If you don t have collateral in the form of a good vehicle, boat, or home equity, you won t be approved.

This is why the whole cash advance industry took off. Cash advance lenders take full advantage of borrowers who don t have security to offer on the note. Unsecured, small, personal loans carry with them high fees and interest because they are considered to be high risk loan.

Below is a typical advertisement that a conventional bank would use.

Breaking Down a $3000 Dollar Cash Advance Payday Loan Different Fees and APR

Not all cash advance payday loan stores, and shops, charge the same APR. The interest rates on these high risk, unsecured loan products vary depending on what State and Country you are borrowing in, and the fee structures vary depending on the venue and medium of lending you choose.

$3000 Cash Advance Payday Loans APR With Storefront Cash Advance Providers

If you take out a cash advance at your local check cashing store, or pawn shop, you are walking in off the street and they provide their service to you while seeing you in the flesh. They see a real live person, they know where you live, where you work, and can track you down if need be for repayment.

They get your personal information, and see first had your paper check, your latest paycheck stub, your street address of residence, and the street address of your employer. They know where job is and they have phone numbers for you everywhere. They feel that lending to you is not quite as risky as lending to a seemingly anonymous applicant/borrower/customer/client procured via the Internet.

Because of all these above mentioned, these storefront based, walk-in cash advance providers generally charge less of an APR on your loan than what an online borrower would be charge. Keep in mind though it s still a very expensive lending product regardless just not AS expensive as borrowing online.

Below is a typical Internet cash advance ad.

Check Cashing $3000 Dollar Payday Advance Lenders Online AND Storefront

Then there are the middle of road PDL companies. These are the cash advance outfits that provide lending online, and with a storefront street address location. This is usually the most common kind of PDL corporation.

They have the typical storefront locations all over the country if they are a Nationwide lender, or they re a locally owned company they will have one loan shop or a hand full of loan shops located strategically throughout the city, but they also have vibrant web sites that get local or national Internet traffic. This is when it can get interesting!

In some cases, these dual lending type lenders will charge different interest rates and fees on their small personal loans depending of the method of lending used. They ll charge a higher APR for loans procured from their Internet application forms, and they will charge a lesser rate for loans approved from their storefront.

This can be for two different reasons.

One is that the payday lending laws in their State stipulates what they can charge online, and what they can charge street level . Two is that the different rates are self imposed to mitigate risk. Like I said above, they consider online borrowers to be riskier than street level borrowers.

100% Online Internet Based $3000 Cash Advance Payday Loans

Then we have the Wild Wild West lenders who ONLY except loan applications, approve apps, process apps, and administer funds via their web sites. This is the highest risk lending you can get in the cash advance payday loan industry. The rates are astronomical, and the high risk is endured on both ends of the business risky for the borrowers because of the penalty fees, APR, opening and closing fees, and roll over costs. Risky for the lenders because of  loan skipping (an illegal practice by dishonest people who borrow money online and leave the town, State some of these criminals set up phony addresses, names, and jobs in an effort to dupe lenders out of their money).

A higher percentage of borrowers rip off online lenders than storefront, street level lenders.

What a $3000 Cash Advance Loan Will Cost You Direct Lending

OK we re not quite done yet. We need to explain how much these different types of lending venues normally cost you when you borrow some quick cash. You are paying a price to get your loan fast (just in case you didn t fully get that yet).

Cost of Borrowing With Storefront Street Level Cash Advance Proprietor

When you borrow 3000 dollars from a local Mom and Pop cash advance lender, you will (depending your State of residence) likely be paying a lower APR and fee on the advance. I will break down the APR cost of a $3000 advance at an average national rate. You might want to pay special attention to numbers you are about to read. Make a mental note of these fees and APR so that you may think twice before taking out a cash advance with one of these lenders.

Storefront Cash Advance for $3000 $10 Fee Per $100 Borrowed

So your a paying 100 dollars for very $1000 borrowed, so your total cost for a 3 thousand dollar cash advance would be $300. Outrageous, but it gets worse than that. Wait for it.

Online Cash Advance for $3000 $30 Fee Per $100 Borrowed

Now you are deep, deep, deep, down in loan shark waters. You are paying 30 dollars for every $100 borrowed over a period of 1 week, 2 weeks, 3 weeks, or a month. The fee you pay on a $3000 advance is will be 30/100, 300/1000, and 900/3000. Yep you got it $900 dollars for a short loan like this. This results in you paying back the lender $3900 and you had better never give them a check goes NSF (defaults). God forbid if you let a loan like this roll over .

Cash Advance Payday Loan Alernative Consider a Personal Line of Credit

So depending on the State you live in, these numbers will vary, but if you are a borrower who has an unfortunate credit rating, then you should try to get a different form of credit. Some banks (maybe the one you have accounts with now) will approve you for a small line of credit for $3000. Some banks will consider and/or qualify you for an LOC of this size. The interest is MUCH less. Your risk is much less.

I hope this helps you understand the costs associated with borrowing $3000 the hard way , as apposed to protecting your credit rating and being able to borrow from a conventional bank, private lender, or credit union.

Footnote: Borrowing $3000 dollars is a tough thing to do with a bad credit rating. You likely can t get a normal bank to lend you the cash, and most high fee cash advance payday lenders don t lend $3000 in a lump sum. They are usually limited by State Law on the max they can lend at one time. Check out this blog post showing some of the different payday laws State by State. (if I don t get the TB the link is gone ;-))

Disclaimer . The views expressed by this author don’t necessarily reflect the opinions of Lazerloan.com, it’s owners, or it’s affliates.

For site navigation purposes, you are here: Home Payday Loans 3000 Dollar Payday Cash Advance Lending Small Personal Loans



Construction Loans – Capital Lending, Inc. Capital Lending, Inc. #bridging #loan #calculator


#construction loans
#

    Up to $1.7 million

The Capital Advantage

  • *   Loan amounts up to $1,750,000
  • *   Loan amounts up to 90%* of the appraised value on single family, owner occupied, full income documentation, conforming loans. 
  • *   Land purchase may be included in the construction loan, up to 75% of the lot purchase price 
  • *   Fast pre-qualification, typically within 3 to 5 business days
  • *   Loans are available to Borrowers with excellent to less than perfect credit.
  • *   1 to 4 family homes preferred, see Multi-Family for more than 4 units
  • *   12 month construction term (longer terms considered on an exception basis)
  • *   Interest only payments based on funds advanced
  • *   Well Qualified buyer can enjoy More Home. More Upgrades, Lower Down Payment, and Lower Monthly Payment.

Express Approvals needs:

*Two year Tax return  *Two year W2’s, 1099, ect. *Two Months Bank Statement

    “We take pride in our exceptional programs and outstanding commitment to always put the client first and navigate all parties through the process of obtaining financing”

CAPITAL LENDING, INC

Michigan and Florida Premier Lender for Low Rates, Home Purchase, Refinancing, Manufactured Home, and Modular

“We take pride in our exceptional programs and outstanding commitment to always put the client first and navigate all parties through the process of obtaining financing”



Lending Money to Your Corporation #personal #loans #with #bad #credit


#loan money
#

Lending Money to Your Corporation

By Alan L. Olsen. CPA, MBA (tax)

Managing Partner

Greenstein, Rogoff, Olsen Co. LLP

Starting a business takes a substantial amount of money and effort. There is a correct process to go through if you want to lend money to a corporation. First, you must properly document the transaction. If you give money to your business to purchase inventory and the company defaults on the loan, you may qualify to write off the loan as a business bad debt versus an investment loss. A business bad debt can be offset against other ordinary income such as W-2 income, interest and dividend income. This type of debt can also result in creating a net operating loss on your individual return when you don’t have enough income to offset the business loss.

A non-business bad debt is treated as a capital loss. A capital loss will only offset capital gains. If you realize net capital loss, you can then use the loss to offset up to $3,000 in ordinary income.

When you lend money to your corporation, the interest that you will be paid back with will be deductible to the business, but taxable to you.

If you are considering lending money to your corporation, there are four requirements that you must meet to qualify your debt for a loan instead of equity:

  1. Your debt should be documented as a written obligation that needs to be paid back by a specific date or a certain amount must be paid on demand.
  2. The debt cannot be converted into stocks for the corporation or any other equity interest.
  3. The corporation must determine interest rates and payment deadlines based upon corporation profits, decision making, and other factors.
  4. The lender must be an eligible shareholder of the corporation, individual, estate, trust or tax-exempt entity.

If a bank or individual will not make a loan directly your corporation, you can use a “back-to-back” loan. Back-to-back loans are an option for lenders of corporations if the lender wants personal guarantees in loaning money. In a back-to-back loan, the lender will make a loan to the shareholders who will then make a loan to the corporation. When a back-to-back loan is used, tax results are far better than if a corporate loan is made.



Online Lending Personal Loans #fast #personal #loans


#online personal loan
#

Clients can potentially utilize Online lending personal loans the finances Online lending personal loans since these financial products are unguaranteed by nature. Can not believe that? Well then, i ll demonstrate you absolutely.

If you’re owning various credit ratings troubles, it suggests that your financial condition is not actually within a good shape.

best finance rates for 2015 jeep

Everything you need to do is match the Home loans suggestions being Online lending personal loans a real estate buyer. The following are one of the simple basic troubles, according to what type can decide upon the ideal new Online lending personal loans car finance.

Thus, it’s recommended to go through a proper internet homework before heading for just about any option.

best finance rates for 2015 jeep

As a way to acquire financial loans if you are on benefit you ought to fulfill certain items then only you can get hold of the mandatory quantity easily. It is usually recommended that you just 1st take away free of charge Online lending personal loans duplicates of your credit score and causes it to become specified that it s totally free of errors It s also wise to anticipate to establish your credit ratings-value Online lending personal loans because of these loans by way of papers of this yearly cash flow, savings and the like.

The land is proper now on the brink of personal fold which is only surviving caused by certain challenging good reasons which wont last long.



Wisconsin VA Loan, VA Lending Limits, VA Mortgage Rates in WI #personal #loan #rates


#va loan
#

Wisconsin VA Loans

Secure a VA Mortgage in Wisconsin

Veterans who live in the state of Wisconsin can qualify for a Wisconsin VA loan to fund their home purchase or refinance. VA loans are backed by the Department of Veteran Affairs (VA) and offer many benefits to veterans that traditional, conventional loans don t provide.

What is the VA Loan?

The VA loan program was created by the government as a way to reward or give back to the men and women who have served this nation by helping them transition into homeownership with a stable foundation and an affordable mortgage. The VA office does not fund the loans itself, though. All VA loans are provided by conventional mortgage lenders. But the backing that the VA offers gives lenders the ability to lower mortgage rates and offer better terms to veterans, making VA loans highly attractive.

VA Loan Benefits in Wisconsin

To explore the full range of benefits offered by a VA loan, contact a lender who has specialized in this loan type before. You can get started by filling out the form above. Some of the basic advantages of a VA loan are listed below.

  • VA loans can be taken out with no down payment attached.
  • You don t need to have high cash reserves on hand to purchase a home.
  • You don t need to pay for private mortgage insurance each month. The VA backing is sufficient.
  • You can roll the closing costs of the loan into the loan itself through a seller concession.
  • Credit and income requirements are fair and easy to meet.
  • There are no prepayment penalties attached.
  • You can select the loan term length that best meets your needs.

VA Loan Requirements and Eligibility

VA loans are available only to veterans, and while most veterans are able to purchase homes through the VA program, some are not. Speak with a VA loan specialist to determine the exact eligibility requirements you ll need to meet in order to qualify. A certificate of eligibility from the VA office is required. The basic qualification guidelines, however, are outlined below.

  • You must be an American citizen and a veteran of a branch of the US Armed Services.
  • You must have served for at least 90 consecutive days of active duty.
  • You must have been discharged under conditions other than dishonorable.
  • You should have a minimum credit score of 620.

VA Refinance

You can use a Wisconsin VA Streamline (IRRRL) refinance to replace your current mortgage with a refinance loan at a better rate. Many veterans are unaware that they can save significant money by pursuing the IRRRL refinance option. If interest rates have fallen lower than they were when you first took out your home loan, you can likely save significant money on your monthly payments and in reduced interest over the term length of your loan.

The VA Cash-Out refinance is an option which enables eligible borrowers to refinance into a VA mortgage, as well as take out as much as 100% of their current home equity as cash. The funds may be spent on medical expenses, college tuition, home improvements, and more.

Wisconsin VA Mortgage Rates

As with any mortgage types, you must perform some research in order to determine the best possible mortgage rates available to you when taking out a VA loan. Mortgage rates are volatile. They differ depending on where you live, the lender you choose to work with, and the state of the mortgage market. Check with several local lenders, more than just one, to get a feel for where rates currently rest. Don t simply select the first lender you contact. Do some research. This is the only way to uncover the lowest mortgage rates.

VA Lenders in Wisconsin

The form above will put you in touch with up to four different lenders in your part of Wisconsin who are experts in the mortgage profession. This is where the rubber meets the road. It s time to actually connect with professional and find out what the VA loan can do for you. Don t forget to check up on VA loan limits in your area before you start searching for a home. If you need additional information, contact the Department of Veteran Affairs.

Wisconsin Military Information

Currently, Wisconsin maintains one active military facility. This facility is Fort McCoy, which is located east of Sparta. This military base is home to many veterans in the state of Wisconsin. If you re one of them, consider a VA loan to help you purchase your home.



Umpqua Bank home lending – rate assumptions #low #interest #personal #loan


#loan rates today
#

Today’s rates

Loan Program Interest Rate/Annual Percentage Rate Assumptions for payments listed above

General Disclosures Assumptions

Loan programs are subject to credit approval.  Other terms, conditions, restrictions fees may apply. Full documentation, title property insurance required. Flood insurance required if property is located in a Special Flood Hazard Area. Mortgage loan programs offering minimal down payment options may require mortgage insurance.

The Interest Rate APRs displayed are accurate as of 11/17/2015 07:30 AM PST, and are subject to change without notice. These are posted for example purposes and do not constitute a commitment to lend.

The APRs displayed depend upon many variables based on loan programs, agency requirements, terms and underwriting guidelines. They reflect the current interest rate and may include discount points (as indicated in each specific loan program to the right, as applicable) and do not include other specific finance charges you may be required to pay. Quotes are based on a mortgage loan for residential home purchase transactions not for refinances and are based upon a 30 day rate lock period. Loan pricing can only be locked with an Umpqua Loan Officer or our Direct Lending Group.

Payments shown above do not include amounts for taxes and insurance. Actual payment obligation will be greater.

Specific Loan Program Disclosures Assumptions



Peer-to-Peer Lending for Bad Credit #private #loans #for #school


#peer to peer loans
#

Peer-to-Peer Lending for Bad Credit

Peer-to-peer lending may be defined as one convenient option to borrow a sum from a known entity. The roots of this system are old; they are recently launched, sophisticated reminders of the good-old barter days, when trading goods for goods was the norm. However, the goods-for-goods rule gradually converted itself to the goods-for-money rule. The relaunch of this system proves advantageous, for the borrower approaches an individual he is fairly acquainted with and not a financial institution. Thus, instead of a bank, you would borrow the required sum from an individual.

In P2P lending as it is popularly known, you drop the component termed Bank from the plot. Peer-to-peer lending does not necessarily mean lending money to, and borrowing money from people, who are personally known to you. It, certainly, is a plus, if you are well aware of the person and his status quo with regard to financial matters and creditworthiness. However, it is possible that the transaction may involve a lender, who is unknown to you.

Growth of P2P Lending Services

A poor credit rating is a deterrent to availing loans at a reasonable rate of interest.

The most common reason for the difficulty experienced in borrowing can be attributed to the lack of creditworthiness on the part of the consumer. Sometimes, consumers would like to borrow small sums of money to meet ongoing expenses. The problem with traditional lenders is, they do not lend sums less than $3000 or so, even if the borrower does not have any collateral to offer. However, borrowing without a collateral at a favorable rate of interest is possible, only if the consumer has good credit scores and credit history. Hence, this mode of lending for customers with a bad credit report assumes a great deal of significance.

Some of these issues gave rise to peer-to-peer lending. Prior to the sub-prime crisis, people were able to borrow money by using their built-up home equity as collateral. The fall in the price of real property left most consumers with negative home equity. Thus, home equity loans and home equity lines of credit were no longer feasible. The consumer had to start relying heavily on other secured and unsecured loans. Secured loans required a collateral that most consumers did not possess, while unsecured loans were disbursed on the basis of the credit worthiness of the consumer. With bad credit no longer being a deterrent to availing small loans, consumers started flocking to the lenders (P2P) for the same.

How Does P2P Lending Work?

Peer-to-peer lending services work by bringing together lenders and borrowers. The lender is expected to set up an online account and deposit funds via ACH (Automated Clearing House), wire, check, or PayPal. A borrower, who is interested in availing loans, is expected to apply online, and post his/her requirements, viz. loan amount, the reason for the loan, the credit scores, the existing level of debt, and other relevant information. Although the borrower’s credit score is taken into consideration, the lenders tend to diversify their risk by lending small amounts to a large number of borrowers. Lenders can lend as little as $50 to the applicants. Even if a few bad-credit consumers do default, the chances of the lender recovering the principal and the interest on other loans is a distinct possibility. The lenders stand to gain in the form of interest and principal on the money that is lent. Moreover, they are not charged an account-maintenance fee.

The borrower has the opportunity to avail loans at a reasonable rate of interest, since lenders are allowed to bid on loans of their choice. Since the loan is sanctioned by the lowest bidder. the auction process has the effect of bringing down the rate of interest on the amount that is lent. The borrower is also given the opportunity to state his/her case, and try to convince the potential lender of the prudence of sanctioning a loan to the former. The application process is free, and this provides a small measure of comfort to the cash-strapped borrower.

In addition to providing a platform for the borrowers and the lenders, peer-to-peer lending services are responsible for verifying the authenticity of the information supplied by the consumers and complying with the regulatory requirements. Lending services also deduct the amount of interest and/or principal from the bank account of the borrowers and dispatch the same to the lenders. The lending services make money by levying a fee, on the borrowers and the lenders, for servicing the loan. Finally, person-to-person lending can help people with poor credit build their credit scores and credit history, since these lending services communicate the account information to the credit bureaus.



No Credit Check Loans Up to $3500 from Established Lending Network #fast #student #loans


#loan no credit check
#

No Credit Check Loans Up to $3500 from Established Lending Network

A new offer of loans with no credit check for up to $3500 was announced by company to help its growing customer base of bad credit borrowers to get back their financial health.

FOR IMMEDIATE RELEASE

CLINTON, Md.Nov. 16, 2013PRLog — In the current economic situation it is not uncommon for even the most cautious individuals to fall into a financial crisis or a bad debt situation. Many individuals have found reasons outside their control, destroying their credit history which they had taken years to build. However, even after they manage to regain their income stability, they find it extremely difficult to get no credit check loans approval and hence the process of rebuilding their credit seems almost impossible for such bad credit borrowers.

To help such customers, at official site of Guaranteedcreditloans.com offers a platform that allows them to find genuine lenders who are willing to lend loans to individuals with a poor credit score.

Though there is a growing number of a reliable bad credit lender in the market, who is willing to help the bad credit customers meet their financial need as well as build their credit history, there are quite a few fraudsters available in the market too. However, the credit market is regulated and governed by many national and state level laws, and it is important to be able to recognize the genuine offers from the scams. This is one of the key reasons why more and more bad credit borrowers prefer to turn to guaranteedcreditloans.com. one of the leading online credit matching service website that lets its customers access a wide network of only genuine and registered no credit check loans lenders from across the country.

So, for all customers including those with a poor credit score, getting a loan online at our website may be only a few minutes’ efforts. As all they need to do is fill up simple personal information like name, address, employment and salary related information in a short form and this will take a minute if the information is readily available. The sophisticated technology that the site uses is geared to process a large number of applications simultaneously and match the needs to the personal loans with no credit check best offers available from the lenders and present the same to the borrower after prioritization.

All this can be done in within an hour’s time and at times the money hits the account within the same day, making these online no credit check loans as very easy, fast and convenient ways to access funds. This is most helpful especially when there is an urgent financial need and the borrower has a less than perfect credit scores. The major focus of guaranteedcreditloans.com is to help such customers get the funds they require at the earliest and with the least amount of efforts and hence the company is constantly upgrading its software and investing in simplifying its processing and expanding its lender-network .

The company wants to make sure that all its customers get approvals for their loans with no credit check applications as long as they fulfill some basic criteria like being an American citizen above 18, with a stable job regular income and a valid checking account. Therefore a large network of genuine bad credit lenders allows loan approvals irrespective of how bad their credit scores may be they will find lenders willing to lend to them, at the rates they find acceptable. Therefore, people are able to access the funds they need without having to run around looking for and comparing offers, or completes complicated formalities and pay upfront charges to apply for the loans. All this comes without any obligation and people do not pay anything at all if they do not like an offer and reject the same.

Hence, anyone with bad credit score looking for no credit check loans can avail all the benefits simply by logging on to the site: www.guaranteedcreditloans.com

About guaranteedcreditloans.com

This is a premier online credit matching Services Company founded in 2011 to help borrowers’ access easy credit as per their needs. They have a wide network of reputable lenders to provide a huge variety of no credit check loan products to suit almost all customers’ requirements.

Contact

Guaranteedcreditloans.com