What Happens With Home Equity Loans And Lines Of Credit After Your House Is Foreclosed On?

Home equity loans or lines of credit, are basically second mortgages that give you a line of credit based upon equity you carry in your home. After foreclosure, the equity in your property disappears as does your ability to make new purchases using your line of credit. Furthermore, you're still responsible to repay any amount you previously charged using your equity loan or line of credit.  

 
Now,…

Where Can I Get A Standby Letter Of Credit?

A Standby Letter of Credit (called“SLC or “LC” ) are written obligations of an issuing bank to pay a sum of money to a beneficiary on behalf of their customer in the event that the customer does not pay the beneficiary.  It is important to note that standby letters of credit apply only whenever the issuing bank's commitment to pay is not contingent on the existence, validity and enforceability of…

What is The Difference Between a Personal Line of Credit and a Credit Card?

A line of credit allows you to make buys, usually through your bank account and then you will have to pay it back. A credit cards allows you to make buys with a credit limit.
 
A line of credit is an account set up with a limit established and you can write checks against it , up to the credit limit. You pay interest on any money used until it is paid back, there is no…

How is a Credit Score For a Small Business Established?

Typically three types of information regarding your business in considered:
 
1) Credit obligation information from your suppliers and lenders
2) Legal filings from local, county and state courts
3)Company background information from independent sources, including state filing offices, public records, credit card companies, collection agencies, corporate…

How Does AFS Decide Whether to Finance a Business?

We take time to understand where your business is going and what lessons you have learned. We focus more on the present and future than on the past. We look for creative ways to lessen factors that other lenders might see as risk. One way we do this is by referring the business owner with a performance coach.
 
Even if we can’t approve your loan request, we will refer you…

A Solid Direct Cash Advance Site Offering Small Loans

Small Loans are the best solution available when you are short on cash. With different types of loans on offer, what makes a quick small loan the best option in such situations? Here are some of the pros of these quick-fix cash loans... 

 
Fast availability. Whenever there is a financial crisis and quick money is needed, small loans are a great solution, as…

What types of funding do entrepreneurs and small business use to finance their ventures?

Financing falls into two categories: debt and equity. In addition, when a small business obtains a government procurement contract, it can play a similar role as traditional financing, providing the spark and fuel that are needed for the firm to grow.  
 
Advantages to equity financing:
It's less risky than a loan because you don't have to pay…

What share of small businesses use financing?

The answer to this question depends on whom you ask. According to the Kauffman Firm Survey, one-third of young firms do not use capital injections. Instead they rely on owner investment or nonbank sources of funds. A Census Bureau dataset finds that over half of existing firms do not need expansion financing. This reflects the fact that many businesses are not growth businesses; they reach an optimal…

How are women-owned ventures financed?

Women are more likely than males to start businesses without seeking financing. Women-owned businesses (just like their male counterparts) largely depend on personal finances; they are more likely to use credit cards to fund their businesses. And women are almost half as likely as male-owned businesses to obtain business loans from banks. This puts women-owned
businesses…

Are Bankruptcy Personal Loans Possible?

This is more complicated than a yes or no answer - though the answer is yes. Bankruptcy personal loans are possible but they won't be easy to get and you may be limited to the same type of bad credit personal loan that other borrowers are able to find. There are many factors which contribute to having bad credit, and a bankruptcy is just one type of event that can lower your credit score.
 
Why…

  • 1
  • 2
  • >>
  • Last
  •