Loan

[zinta]

Hai,

I am Zinta.

A loan is a type of debt. All material things can be lent but this article focuses exclusively on monetary loans. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.

The borrower initially receives an amount of money from the lender, which they pay back, usually but not always in regular installments, to the lender. This service is generally provided at a cost, referred to as interest on the debt. A borrower may be subject to certain restrictions known as loan covenants under the terms of the loan.

Acting as a provider of loans is one of the principal tasks for financial institutions. For other institutions, issuing of debt contracts such as bonds is a typical source of funding. Bank loans and credit are one way to increase the money supply.

Legally, a loan is a contractual promise of a debtor to repay a sum of money in exchange for the promise of a creditor to give another sum of money.

Types:

* Secured
* Unsecured
* Abuses
* Finance, Personal finance, Settlement (finance)
* Debt, Consumer debt, Debt consolidation, Government debt
* Bank, Fractional-reserve banking, Building society
* FAFSA
* George D. Sax and the Exchange National Bank of Chicago - Innovation of instant loans
* Annual percentage rate (a.k.a. Effective annual rate)
* Interest-only loan
* Student loan
* Payday loan
* Refund Anticipation Loan
* Federal student loan consolidation
* Federal Perkins Loan
* Stafford loan
* Title loan
* Syndicated loan

[lopez]

Hai,

I am Lopez.

Personal debt consolidation loan
A debt consolidation loan will pay off your existing debts and transfer the monies owed into one loan with manageable monthly repyment.Even though you have to again pay the monies owed, you can pay a lower interest rate or reduce your monthly outgoings or spread the costs out over a longer time period.

To be eligible for the loan they are giving, the lenders will look at your past debt and your credit risk.if you have a bad credit or large debts, the lender may consider giving only a secured loan.For this type of loan, the lender will require you to use your property as security against the loan,reducing the lender's risk.your house may be at risk if you are not able to repay loan amount in a proper manner.

The Benefits Of a Debt Consolidation Loans :
By spreading out the term of the debt,you will be able to reduce your monthly repayments to a manageable level. If you are able to pay off the loan and accrue no further debt,You can save money which can either be used towards decreasing your debt by making extra payments or can help you pay cash for items that you would have paid fro with credit in the past.

There are some experienced debt consolidation lenders who will offer you advice on choosing the right debt consolidation loan which will help you in reducing your existing, outstanding debt.Even if you have bad credit,such organizations can assist you in clearing your bad credit history and provide you with a new sense of financial freedom.

[andrew39]

Hello,


Nice link and suggestion given by you.

Thanks for sharing your information.


Good Bye

[andylewis]

Hi,

Financial burden is something which is very difficult to handle. This often takes place when you are facing some unexpected expenses which you thought would never occur. You can only hope for the next payday to arrive which is far away. In these kinds of situations, you can opt for which assist you to manage the finances. You are not at all required to take a bigger loan; moreover you can repay the borrowed amount when you get hold of your salary.
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[jackpot007]

hello everyone! thanks for the info and also for the links. they are very informative. :)

[Nicholas_B]

This is great although i think that you should also mention that payday loans can be really dangerous so just let people know what it entails as all i do know id that the interest rate can be ridiculously high!

[bigdeal]

Hi,

Payday loans helps you avoid almost any financial trouble between your consecutive paydays. As it is offered on short-run basis, there is no need for pledging any collateral.

Thanks