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Recent Personal Loan questions

How can I get a loan without my husband approval, i need a

How can I get a loan without my husband approval, i need a personal loanJA: What state are you in? It matters because laws vary by location.Customer: WinsconsinJA: Has anything been filed or reported?Customer: In terms of what ?JA: Anything else you want the lawyer to know before I connect you?Customer: I need a personal loan without my husband's approval, the loan should be on my own credit/ my name

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Matthew Breecher

President

MBA (Graduate Legal Studies)

324 satisfied customers
Be it a bridge loan or a home equity line... A buyer for the

Be it a bridge loan or a home equity line . . .A buyer for the house will turn up by weekend. Might Ron be given a new line of credit for $ 25,000 or less by one of the 2 banks that holds his credit lines on the house simply on the basis of escrow security of those funds (when escrow opens) even though he's a month behind in each of the credit line payments?We're told that federal guidelines prohibit a home loan (or any loan?) from being offered by a financial institution if the payer is one month behind. So the type of loan we need cannot be provided as a result of this rule. However it seems illogical that what is in essence a bridge loan secured by ample escrow funds, and the same loan which would insure the paying bank that they get their 10 X larger line of credit back, would be provided by them.Please advise.Susan

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

11,130 satisfied customers
I have a question regarding on how to take a personal loan

I have a question regarding on how to take a personal loan from a friend.JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: I want to take a personal loan of $600.00 from an individidual.JA: Is there anything else the Accountant should be aware of?Customer: YesJA: What else should I tell the Accountant?Customer: I want to take a personal loan from an individual.The amount is $600.00I would like it to be written in the long term and at the lowest Interest Rate allowed at any given time.For sake of compliancy the individual is open to the lowest rate and long term producing a very low monthly payment.I am also backing the pricipal and term interest with my life insurance policyI want to make sure that I do not borrow in a way that is seen as income.Can you help me here?

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

11,130 satisfied customers
We have a business mortgage loan which had a 5-year fixed

Hello,We have a business mortgage loan which had a 5-year fixed interest rate of 5% and then changes to 3% above the bank's cost of funds thereafter. This rate has changed January 31st. Is the 'bank's cost of funds' regulated or entirely discretionary bank by bank? Is there a method to check this rate out to insure we are receiving the appropriate rate?Thank you

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Lev

Retired

Bachelor's Degree Equivalent

25,422 satisfied customers
Im trying to get qualified for a personal loan; I am not a

Im trying to get qualified for a personal loan; I am not a W2 employee. I transfer money from my corporation to my personal bank account every week, The amount varies depending on how the business did that week. Will the bank deny me if I provide a K-1 statement as income verification? Will it be better if I get a 1099 instead? Does it make a difference? I have already provided my personsal bank statements but they want additional proof of income. Im just not sure what looks better in underwriter's point of view.

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

11,130 satisfied customers
I have a client who had a large amount of money get

I have a client who had a large amount of money get deposited into his business account and immidiately get withdrawn. I was for personal use. I have the withdrawal of the money catagorized as a "pass though" other liability trust account so it doesn't show on his profit and loss but how do I catagorize the income of it?

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Mark Taylor

Certified Public Accountant

Masters

3,376 satisfied customers
Much credit card debt having trouble paying all the bills

much credit card debt having trouble paying all the bills every month would a personal loan be best? We have over 40,000 in credit card debt. Don't really wanna file bankruptcy.

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Rakhi Vasavada

Financial / Legal Advisor

Bachelor's Degree

4,200 satisfied customers
I want to open up a restaurant that's already operating. I

I want to open up a restaurant that's already operating. I want to go for a $25,000 dollar personal loan to put towards a down payment for the already operating restaurant that will roughly be $300,000. I will be putting money down to receive the original $25,000. The original $25,000 should that be a personal or business loan because what will my second loan be classified as?

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

11,130 satisfied customers
I have a question regarding personal vs business loan, If a

I have a question regarding personal vs business loanJA: The accountant will know how to help. Please tell me more, so we can help you best.Customer: If a person takes out a loan to start a business, is that considered a personal loan or a business loan?JA: Is there anything else the accountant should be aware of?Customer: I'm not sure.

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Mark Taylor

Certified Public Accountant

Masters

3,376 satisfied customers
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