Open Question: Where is the best place for me to get a personal loan?

I’m 18 I don’t have anything against my credit and the only thing I know of is I owe 100 dollars to the old bank I used to use, but I have wells fargo now. I make 1100 a month and have rent of 535 for my apartment. I have been employed for over a year also. I’m looking to get a personal loan of 1500 to 2000 dollars. Where is the best place for me to apply?

Open Question: Question about FAFSA, EFC, and CSS Profile?

I am a high school senior who has recently completed the FAFSA (I believe March 1st is the recommended deadline) and received an EFC of 00517 with an estimated $5000 Pell Grant and $5500 Direct Stafford Loan. My main school is the University of Michigan (Ann Arbor) and, as of right now, my backup is the University of Iowa (Iowa City). I do not know how much money they will give me, but I’ll be calling them within the next week to ask some questions (unless any of you know where I stand, approximately?)

Anyway, now I have to do the CSS Profile. I’m not even sure why I’m doing it, but it was recommended. What does the CSS Profile allow me to do, if anything? All I know is that it has to deal with financial aid.

Side note: I’ll be getting a job near the end of my senior year (within a month or two) and will be keeping it through the summer so will that affect my FAFSA/CSS Profile and financial aid status? I doubt I’ll have to redo the FAFSA just for that, but I’m not sure. Plus I don’t think minimum wage will help pay for anything aside from personal expenses.

Thanks to any/all who answer!
Mary Alice, you have very pretty eyes and yet you’re so mischievous, answering my question with one of your own…

Open Question: My husbands sister and brother are moochers?

They go from one financial crisis to the next. They are both in their forties. My husband has been giving and lending them money since their mom died seven years ago (and possibly before). He feels guilty because they’re the only family he has left, and we are ok financially…it doesn’t hurt us that much to lend a few hundred here and there.
But I hate the constant discussions we have about their latest crisis and whether or not we should give or loan them money this time. I think it enables their poor decision making. Also I feel they are manipulative and I resent and dislike them. And the requests will never stop since we are their personal bank.
I fear insisting on not giving money would damage my relationship with my husband and might be ungrateful because we have a nice life and I get to be a stay at home mom.
Should we just keep giving money since it doesn’t really hurt us financially? At one point we agreed to stop but my husband only sees the best in people and is too soft hearted to stick with it. How do I get over being mad every time we have a conversation about giving them money? How do I deal with this?

Open Question: Responsibility of a lender?

I have a unique situation that has caused substantial grief to my family. We have been in business for over 15 years. Eight years ago, we opened another type of business and financed about 150,000.00 from a local lender. In January 2011, the lender requested our financials to finance the “baloon payment” which was 40k. They denied continuation of the load based on weak cash flow which we could understand; sortof. We work as much as we need to to satisfy our debt. We spend good time with our children and value this time more than anything; even wheelbarrows of money. Credit scores above 730, near perfect payment history (one over thirty payment on the note), debt to income ratio a little high but all debt is secured. The lender loaned us 200k a year and a half ago for a third business, which is also in perfect standing. My wife and I have the cash to pay off the 40k owed on the first note. But, both notes are secured with 400k of real estate. We have high moral standards and integrity but have faced a situation that has brought devistation to our successful lives. I wrote the president and CLO of the bank and explained all of this and the specific reasons for our low cash flow. “Nothing we can do; cash flow too low”. Now I have all of my properties tied up to secure the loans with this bank. No other bank wants to look at it because of this. Eleven years of solid performance means nothing to the bankers. I can’t help wondering if something happend on a personal level that I’ll never know about. Since they refused to continue our relationship, my family has been in turmoil. My wife had a car accident, slammed her hand in the rental car door and she and I, a marriage of 20 years, are separating. Not a good thing. Here’s the biggest problem. The bank hasn’t asked for financials in over five years and we’ve been diligent taking care of our debts without fail. Should the lender have given us some sort of notice that we were failing to perform? And without notice stop financing this note because of the cash flow shown on the books? There was no letter or phone calls letting us know that we were required to meet this specific expectation. Eleven years… I’m not one of those sue-happy people but I believe their neglegence has caused our previously happy lives to dissolve. We’re real strong business people. We do not fail. (or at least never before). Perhaps the mental anguish has destroyed all that we’ve ever built together…

Resolved Question: I need help on what to do credit wise. And how to correcting my credit?

When I was 16 going on 17 my parents had lost their job and things were pretty hard. I didn’t know what to do I wasn’t making a lot from my job so I had decided to do one of the most craziest things and applied for credit card and personal loans using my SSN by pushing my age up by one year. I was able to keep the bills up but it cost me severely. I checked my credit today and at the age of 18 I am already $9,000 in debt. I plan on going to a company here in Indiana called CCC were they talk about bankruptcy or consolidation. How long will it take to get out of debt and start rebuilding credit? What is the difference between bankruptcy and consolidation and which one is better? Please don’t lecture me I know what I did was wrong and I am already paying for it right now and don’t need criticized for it by people online. Just answer the question, thank you.

Open Question: Can my loan repayment end quicker?

Hi i took out a loan of £150 with Provident Personal Credit and i am wondering if i were able to have payed the amount i borrowed back in full before the deadline (20 weeks remain) would they allow me to not have to pay the excess interest that would be left.

STATISTICS OF THE LOAN

Amount Borrowed = £150
Interest Rate = 82.0%
Whole Amount to pay = £232.50
Loan Duration = 31 weeks
Weekly repayment = £7.50 (although i have been paying £10 weekly)

Note: i am currently 11 weeks into the payment with only £52.50 left to pay to reach the amount borrowed. (£135 if including interest payments but looking for information on perhaps not having to pay the interest)

Any helpful information would be great

Open Question: How long till my credit scores go up?

About a year ago my husband and I were really struggling financially, and were behind on all our credit cards. We ended up taking a personal loan from my parents and settling with the credit companies. I know our credit has been damaged from the delinquencies then settling, but since then we’ve used the remaining credit we have responsibly and not taken out any new lines of credit.

I just checked my scores today and one is at 600 and one at 663. How long till I see any substantial improvement in my scores, and how quickly will it rise?

Open Question: Examples of a surveillance society? Are you for it or against it?

-The mobile phone awakening you from your slumber transmits a signal identifying your current location;
-the roadside cameras monitor your speed, while also scanning your number plate against a database of suspicious vehicles.
-On reaching work, you swipe your ID card to gain access and log in to your computer which subtly records arrival time, the various websites you visit and emails you receive/send, while simultaneously counting the keystrokes you make during the course of a day.
-A lunchtime trip to acquire a bank loan involves the clerk checking and exchanging your personal information with a plethora of organisations to ensure that you are who you say you are and that your credit history is risk averse.
-As you leave, a photograph of you embracing an old friend is captured by the camera of a tourist, soon to appear on a publicly accessible website.
-On returning home from work, you are caught on the high street, gym, petrol station and then supermarket CCTV systems, your every purchase in the latter space being logged for marketing imperatives on your company-engineered “loyalty card”.
-Even when you get into the commonly perceived “privacy” of your own home, each website you visit assigns you a unique code which helps monitor your web browsing activities.

Open Question: Examples of a surveillance society?

- The mobile phone awakening you from your slumber transmits a signal identifying your current location;
- the roadside cameras monitor your speed, while also scanning your number plate against a database of suspicious vehicles.
-On reaching work, you swipe your ID card to gain access and log in to your computer which subtly records arrival time, the various websites you visit and emails you receive/send, while simultaneously counting the keystrokes you make during the course of a day.
- A lunchtime trip to acquire a bank loan involves the clerk checking and exchanging your personal information with a plethora of organisations to ensure that you are who you say you are and that your credit history is risk averse.
- As you leave, a photograph of you embracing an old friend is captured by the camera of a tourist, soon to appear on a publicly accessible website.
- On returning home from work, you are caught on the high street, gym, petrol station and then supermarket CCTV systems, your every purchase in the latter space being logged for marketing imperatives on your company-engineered “loyalty card”.
- Even when you get into the commonly perceived “privacy” of your own home, each website you visit assigns you a unique code which helps monitor your web browsing activities.

Any others to add??

Open Question: Increasing Credit Score/ Mortgage Loan probability, need advice?

Before reading this, please be aware that i have done research on all of the topics i am inquiring about, i am asking that you only share your answers to these questions if you have had real experience with these situations or if you are a professional in this field. I can get the “facts” from the internet about how much you should put down for a home, how to increase your credit, etc. i know where the information is, i am asking for advice from people who are experienced (have gone through this situation) or are professionals in the field/related field. Thanks.

Here we go…

Im currenty putting money aside to try to get into getting approved for a mortagage. I know what everyone else “knows” about mortgages, credit scores and loans from doing research on the internet and these “Answers”. Im looking to get a few questions answered:

1. Is it a good time for me to do this? (im not asking if its a good time to buy a home in general, we all know the answer to this, im asking based on my situation after you read this)
2. Am i likely to be considered for approval of a mortgage? Why (not)?
3. Is My credit score considered “Reasonable” and if not, what can be done to get to that point?

Here is detailed information you should read before giving me a standard answer that i have already found online through research:

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Begin Credit Information
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My current Credit score is 660. I have had a Capital One card for over 6-7 yrs that has not been used, i now have begun to use it in late 2010 to try to increase my credit score. I have had five credit Inqueries reported, four of which all range from 3/30/2009 to 12/7/2009. I have Two Sallie Mae student Loans which i have consolidated and have never been late. I have one negative listing from an Old Navy card from 11/1/2004 which says “Paid, was past due 90 days” in the status. So currently my only Open items are my Student Loan which i owe $2300 on, and my Credit Card which i only use now to try to build up my score, my limit is $500 of which i use about $200 or less a month and pay enough so that i only owe about $60 of my balance (i keep hearing “never owe more than 30%, 20%, 9%” — who’s to know which of these is correct?)

A few Questions on Credit:
1. Once The Credit Inquiries are removed from my credit history (which i hear that they disappear after two years) will this increase my score, if so, what percentage of my score is based on this section.
2. After the negative entry from Old Navy disappears which i hear takes seven year, will this increase my score, if so, any ideas how it may impact the score
3. What do i do about further improving my credit score?
4. I can pay off my student loan, i have just chosen to pay $100/mo out of the required $65/mo. If i pay it withing the next 4-5 months, does this help me?

I have a friend who recently purchased a home with his Wife and he told me he increased his credit in a matter of 9 months by getting a secured loan and paying it off right away and writing letters to get negative items removed from his credit history (his case was a bit different since he went through identity theft). Does a Secure Loan really help?
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End Credit Information
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Personal Info, Mortgage Questions
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I currently live with my Mother. She has her job making just shy of $27K/yr (for over 12 yrs) and has a really great credit history and score of 860+. I run a small business (Est. 10/2009) and in 2011 put myself on W2 at 41K/yr, i am going to speak to increase it to $50K-55K to see if it helps. I am interested in, and have been digging for information wherever possible about trying to become a home owner by end of 2011 Q1 of 2012. I have been getting a lot of mixed feedback from friends, home owners and people with legal experience (this just causes headaches–>but still focused on the goal)

I will be looking to put down $30K if this works out and somehow using my mother to get approved for the mortgage.

1. Should i request the Loan and use my mother as a co-signer, or vice-versa, please share your expert/experienced opinion
2. What do you think about the whole idea of trying to do this by end of 2011/start of 2012 with the information i have provided?
3. ANy suggestions or ideas?

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