Archive for October 2008

KZ asked: what they are charging is not what they appraised.
banking authority is unable to help.
i might be able to call the state banking authority. it’s my mom actually. I am trying to help her. any other suggestions?
she signed the cotnract and then 6 months ago they bumped up the charges contrary to the contract.

Jane A. Smith asked: The “prime” rate is the rate charged by all banks in the country. The prime rate doesn’t change regularly or often, only when 75% of the country’s top 30 banks decide they need to change it. People who have a decent credit rating are usually given mortgage and other loans at [...]

Garry C asked: Does the person pay the mortgage balance to the bankruptcy court? Does the person have to find another lending company to take up the mortgage balance?

Kris Koonar asked: Asset based lending is a type of loan offered by the finance companies to the businesses, big or small against their assets like accounts receivable, inventory etc as collateral. In other words the lending companies will provide finance to the small businesses that lack sufficient cash flow for various operations. However, they [...]

Rick Churchill asked: If you are looking to borrow money there are numerous sources available. Unless you have bad credit! If you have money that you are looking to invest, there are also many sources but which to you choose? The Prosper lending association claims to help both types of people. It is the purpose [...]

Jane A. Smith asked: There’s a lot of talk in the media these days about subprime lending. Do you really know what it is? Essentially, subprime lending means loaning money at a rate of interest that is usually much higher than the “prime” rate. In the United States, the most frequently used prime rate is [...]

nazzz asked: What implications does the subprime lending have on the corporate, banking and insurance sector?

sammywoo asked: New law passed in Ohio that will eliminate payday lending industry. Will put over 6,000 out of work and eliminate short term loans for people that don’t have good enough credit to go to a bank and get a short term loan. I would just like to get some people’s opinon [...]

skahhh asked: Do you think the banking industry that has borrowed this money will buy stocks and options and ratchet the market up and down while they bilk millions from the baby boomer’s retirement funds?

John P asked: I saw previous question regarding American Community Lending. There were a few people that said either themselves or co-workers were waiting on money. Did anyone actually receive any money? I’ve had recent dealings with them, but the thought of wiring/sending money to Canada for “insurance” was just too risky for me, so [...]