The Federal Government is Limited to a 6 Year Statute of Limitations on Defaulted SBA Loans. When your business obtains an SBA loan, you sign a personal g...
Learn more about private student loans There are three types of student loans: federal loans, private loans and refinance loans once you leave school. Fed...
Lying on a loan application may seem harmless at first — after all, a lender may not even check your inflated income claim or current employment status. H...
Generally, the lower your LTV, the better your chances are of getting approved and getting a lower interest rate. An LTV of 80% or lower will help you avo...
“A person who, in exchange for the loan of any property, knowingly or intentionally receives or contracts to receive from another person any consideration...
Interest rates and finance charges for pawn shop loans are often high. It’s common to see interest rates between 5% and 25% a month. Another disadvantage ...
The account has been transferred or sold to another lender. Sometimes when this occurs, the original lender or creditor will report its account as being “...
Make a specific request: Start by stating the purpose of your letter (whether it’s a loan modification or a short sale), so your lender knows what you wan...
You’re expected to sign several forms, notes and instruments on your closing date. And one of the most important is the closing disclosure (CD). Therefore...
You are not eligible for new loans and grants. The government can also seize tax refunds, garnish wages without a court order, take a portion of Social Se...
