What is a good interest rate for a personal loan?
I took out a $4,000 personal loan from a credit union. It’s a five year loan and the interest rate is 9.9%. Is this a good deal? I have excellent credit, I have never been late on any payments and I have already paid one student loan bill in full.
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Will applying for a personal loan affect qualifying for a mortgage?
We payed off almost all of our credit card debt but now we need a personal loan to pay off student loans and do some repairs on our house. We would like to buy another home soon so we will be applying for a mortgage. Will getting this personal loan affect our ability to qualify for a mortgage for our new home? Our credit scores are excellent right now. We need professional advice. Thanks.
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Is the interest on a personal loan tax deductible if it is used to buy property?
When you get a conventional mortgage, the interest is tax deductible, right? So if I get a personal loan to buy my primary residence, would I be able to deduct the interest on that loan when I file my taxes?
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Getting a personal loan with no credit
I am 18, just getting prepared to go to college, and I have no credit at all. I don’t need a student loan because my dad is paying for my school. However, my boyfriend and I live together and we just bought $1500 worth of furniture from his brother. We were supposed to stick to a payment plan since we don’t have a huge income, but his brother wants the money now. My boyfriend is just going through bankruptcy so he can’t get a loan. How can I go about getting a personal loan to pay them off? We are both employed so I am not worried about making payments, but I am clueless about how to even get a loan.
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Is a loss from a personal loan the same as investment losses for tax purposes?
I made a personal loan to a friend to help him start a business, but the business failed and I was never repaid for the loan. I also had losses in the stock market that same year. I have heard that I can deduct $3000 in investment losses for each year. Is the loss from the personal loan in the same category as the other investment losses? In other words, would it count as part of that $3000 limit? If not, is there a way that I can claim that loss separately?
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Obtaining a personal loan.
I need a personal loan to pay off my bills and basically just get caught up financially, so I am considering going to a bank and asking for a personal loan for the first time. Other than student loans, car loans, and check-n-go stores, I’ve never went into a bank to ask for money because I didn’t think I would qualify. Now I need to know what the whole loan process would require from me.
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How does a personal loan from a bank work?
I just received an offer to apply for a personal loan for up to $35,000 with Bank of America and for up to $5,000 with citibank. I actually need no more than $7,500. The interest rate is between 9.97 and 27.88 based on credit worthiness. I would like to know how it works. I’m trying to decide between that and applying for a credit card. My credit score is fair (650). A friend advised me to go for the loan because it’s a guaranteed fixed interest, but since I’ve never done it before, I would like some more advice.
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How or where can I get a loan with bad credit?
I am looking for a personal loan, but my credit is not good. I don’t want a payday loan but that is all I find on the internet when I type in personal loans for people with bad credit. Do you know any lender who will give loans to people with bad credit? I don’t really care to much about the interest rate. I just would like the loan to pay off some stuff and get some new things I need around my house. I don’t own a home, so I can’t get a home loan.
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If I pay off my student loan with a personal loan would the interest still be exempt from taxes?
I had a federal student loan which I consolidated about 8 years ago with a company that eventually sold the loan to Citibank. The interest rate is 8.35% . I am considering paying off that student loan with a personal loan with a better interest rate. If I do this will I still be able to write off the interest I pay on my taxes?
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How can you go about getting a personal loan from a bank? What collateral do you usually need?
I will probably need to replace my car soon, but I don’t know that I want a traditional car loan because it would require having more insurance, and thus be rather expensive for me. (It’d be about double for me, as I don’t have a spotless driving record). I was wondering if instead I could get a personal loan from the bank, say in the neighborhood of -5K and use that for a car thus saving me a bunch of money by not needing collision coverage if I could pay for the car in cash.
Now the questions … is this possible, or is there usually some stipulation that you can’t use a personal loan for a car? What sort of collateral do you usually need for a personal loan? If you have good credit, can you get one w/out collateral? Any info would be greatly appreciated! Thanks!
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Can I refinance my mortgage if i start a home business with no employees and still work my regular job?
I want to refinance my mortgage and I want to start a home business before doing so. It would have no employees and I would still keep my current job. My home business will not require any due balances or credit lines to increase my debt. Would mortgage companies see the worry that I would quit my regular job or would they trust that I would maturely handle the mortgage payments? In other words, would I have no problems getting refinanced under these conditions. My credit score is about 650 and I’ve been at my current job for 1 1/2 years but have had steady employment for a long time. I have also paid my mortgage on time for 12 months.
The reason I am asking is because what I will be doing requires a vendor license. Therefore, in my ssn, it would show the business based at my home address.
I am actually looking for a new mortgage loan, not a home equity loan or personal loan and I don’t need to borrow to pay debts.
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I have a low credit score. How can I get a personal loan?
I am trying to get a personal loan through my credit union. I have bad credit due to immature decisions when I was younger. I now pay my bills on time and am capable of paying back a loan. Do you think I have a better chance of getting the loan if I have collateral and a co-signer?
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Can you get a personal loan to use as your personal contribution on a business loan?
I want to get a personal loan as my 20-40% contribution on a business loan. Can I do that?
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What can I do to consolidate all of my debts?
I recently purchased a home (3 months ago) and financed 100% of the home. At this point I do not have any equity in the home. I am currently looking for a way to consolidate some of my debt to lower my rate, lower my payment, and ultimately pay off the debt sooner. I have 1 car loan, 1 personal loan, and 5 credit/store cards that I would like to consolidate. My FICO score is currently 686, and I am on time every month with all of my bills. I have paid all bills on time (most of the time more than the minimum) for more than 3 years straight. My problem is that my Debt to Income ratio is probably too high for most lenders to consider me for a consolidation loan. What can I do to consolidate ALL of my debt? Any feedback would be appreciated.
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How can I get a personal loan?
I desperately need to get a personal loan to cover debts and other things. My earning to expense ratio is not great and I’m having trouble getting a loan with the bank. Any suggestions?
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Should I get a Personal Loan to Consolidate Debts?
I’m looking for a personal loan (Australian resident). Looking to consolidate debts, and am prepared to make weekly payments. Any advice or offers appreciated. Not looking for small loans…
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