Best way to get loan? Financing for older vehicles?

I%26#039;m looking to buy a vehicle in the coming months. I really want a diesel truck, but the only models of them that I can really afford at the moment are ones that are a few years old (for example, around %26#039;97-99 or so). How can I get financing for a vehicle that old and not get totally killed on the interest rates? Plus I%26#039;ve seen a lot of places that say they won%26#039;t finance anything older than 2000.

Also, what%26#039;s the best place to get financing through? My bank has crappy interest rates for the most part, and Capitol One didn%26#039;t give me all that great of rates either (9.7% on vehicles 2000-2003). I have a 700+ credit rating.

Best way to get loan? Financing for older vehicles?auto financing

You are going to be hard pressed to find a lender that won%26#039;t charge a higher rate despite good credit and keep your term short which will in effect make your payments higher. You have 2 options. Look for a truck that is 2000 or newer with under 100k on the miles. This will be about the same payment as you would have on the older truck with more miles. If you just have to have the older truck, then if you have equity in your home, take out enough equity to pay for the truck or a 401k account that you can pay yourself back.

Hope this helps.

Best way to get loan? Financing for older vehicles?

loan

As you%26#039;ve discovered, the best rates are for new and newer used cars. About the best you can do is finance the lowest amount possible for the least amount of time. It won%26#039;t necessarily affect the interest rate, but it will reduce the amount of interest you pay.

Since your credit rating is good, you may be able to get approval from Capitol One or Lending Tree, and then use that as a negotiating tool with the dealer financing.|||Since your credit is good, you might try a personal loan from a bank or credit union. The rates won%26#039;t be cheap, though...14 or 15%. Few banks like to loan less than $7500 nowdays on a vehicle and even fewer will finance a ten year old car.

Savings account?

sarah put 1,000 dollars in my bank account at an interest rate of 5%. if the interest on her bank account is compounded annually, approximately how much will she have in her savings account after 3years??

i dont get it..

Savings account?annual credit report

Compounding interest means that the account pays interest on any interest that you earn (which is pretty much how all savings accounts work).

So at the end of year one, you would have $1000 * 1.05 = $1,050

year two: $1,050 *1.05 = $1,102.50

year three: $1,102.5 *1.05 = 1,157.63.

That%26#039;s your answer: $1.157.63

Savings account?

loan

start 1yr 2yr 3yr

1000 1050 1102.5 1157.625

In the first year, the interest applies just to the original principal amount of $1000, but in later years the interest also builds on the accrued interest.|||1000x.05=$50. so end of first year she has 1,050.

1050x.05=$52.50. so end of 2nd year she has 1102.50

1102.50x.05=$55.13. so end of 3rd year she has $1,157.63 in the account.|||huh, didnt you say she put money in YOUR bank, so y would she get anything out of HER bank.....

but the answer is $1157.63 3 years of compounded interest on $1000

Somebody please help me!!!!!?

kassie borrowed $1000 from the bank at a 12% interest rate. How much money will Kassie have to pay the bank over a six month period of time?

Somebody please help me!!!!!?mortgage rate

Assuming simple interest:

The formula is A = P(1+rt),

where P is the prinicple, r is the interest rate and t is the time (i years)

P = 1000, r = .12 and t = 1/2

A = 1000(1+(.12)(1/2))

A = 1000(1+.06)

A = 1000(1.06)

A = 1060

Somebody please help me!!!!!?

loan

12% of 1000 is 120. if interest is 120 a year, then half that would be 60|||This depends how the interest is calculated.

If the 12% is the annual interest rate, and the interest is applied monthly then 1% will be charged each month.

If the interest is compounded then in the second month 1% will be applied to $1000 + $10 from the first months interest.

So after the second month the amount owed will be 1.01*(1010) = 1.01*(1000*1.01) = 1000* 1.01^2

Hence after six moths the total amount repayable is 1000*1.01^6 = $1061.52

Note this compounding of interest has added an extra $1.52 in comparision to if 1% of $1000 = $10 was added each month.

If that was the case $1060 would be repayable.|||The interest is given by I = Prt, where P is the principal,

r is the yearly interest rate and t is the time in years.

So the interest is 1000*.12*1/2 = 60.

The total amount to repay is therefore $1060.

DOUBLE PAY query please read?

isnt it illegal not to be paid on a bank holiday? i have worked today, a bank holiday monday and my rate is normal. leave comments please. i am slightly annoyed at this!

DOUBLE PAY query please read?car financing

The employer determines the holidays and the pay for the holidays. Some employers pay double on certain holidays and time and a half on others, only if you worked on these days.

One thing is for certain, the employer must pay everybody the same across the board. He can%26#039;t pay you straight time and someone else time and a half on the holiday.

DOUBLE PAY query please read?

loan

Your employer sets the holidays for his company. It has nothing to do with bank holidays. Banks tend to have more of them than most employers.

What was in your contract when you began work for your employer?|||You need to be paid for the hours that you worked if you are an hourly employee. However, the company has no obligation to pay holiday pay at all, or to pay you both your regular rate and the holiday pay rate, unless they have a policy that specifies holiday pay.

In other words, there is no Federal %26quot;holiday pay%26quot; law (am assuming you%26#039;re a US employee here.)

Sorry.... :(|||Not really. You can be required to work Christmas with no overtime pay or anything. As long as they are paying you over minimum wage there is nothing you can do.|||This depends on where you work, their policies and whether you are in a union or not. Banks and government offices take many more holidays that some other employers, and the employees of other, regular employers do not get paid special wages. In retail, you work all the holidays, usually at regular pay.

Rather than have unvoiced expectations that you get angry about, why don%26#039;t you check your employee handbook or ask your employer about what holidays are paid for you.|||If you%26#039;re not working on a federally recognized holiday it%26#039;s pretty much a decision on the bank to pay you that rate. Only holiday%26#039;s recognized and observed by the government and states get you the pay your looking for.|||Check the terms of your contract, you%26#039;ll probably find that you don%26#039;t get double for bank holidays and this is perfectly legal if you have signed a contract.

How to calculate my investment in general investment account?

i have opened a general investment account recently. i put myr 500 for a period of 3 months. the bank stated that the profit rate for 3 months is 2.74. i%26#039;ll get 70% and the bank will get 30%.

how would i know how much i%26#039;ve made after 3 months?

thanks.

How to calculate my investment in general investment account?credit rating

The online calculator I use will not let me enter anything less than 1 year.

But, in 1 year, a $500 deposit at 2.74% with no additional deposits will only earn $14.

So even if this was for a whole year and you only got to keep 70%, you would end up with $9.80.

You would be better off putting the money in a regular savings account where you get to keep all of the interest.

I have a bad credit rating and I am in dire need of a loan?

I find myself in dispair and in need of a loan to save myself and my small business from complete ruin. I was turned down by my local bank, due to my credit rating and have no where else to turn, are there banks, or private persons willing to give loans to foreign individiuals either in there personal capacity or as a small bussiness

I have a bad credit rating and I am in dire need of a loan?rate my teacher

In other words, you want someone else to give you money you have no intentions of paying back, right?!! Sorry buddy, you%26#039;re on your own!!!

I have a bad credit rating and I am in dire need of a loan? loan

try prosper(dot)com. someone else might be willing to lend you money, but it is a real loan just like from a bank.|||You have already demonstrated that you can%26#039;t make a success out of your business. Why would you think that others are interested in your losing THEIR money too?

That is precisely why you can%26#039;t get a loan from your bank.

Bite the bullet and go to work for someone else.|||Call a lender and tell them you have so so credit and would like to purchase a home. There are lenders out there who will work to improve your credit score to get you approved. I have heard of credit scores improving up to 100 points!|||Credit ratings, personal, or business related, were designed to help lenders determine who is deserving of monies being loaned....if your personal credit is bad, and you NEED money to save your business, you need to re-evaluate your decisions with finances all together. Without a decent credit rating, personal or business, what do you have to offer to banks showing that you%26#039;d be a good payer?

Good luck.|||That sucks. Its a bad time for everyone right now. I don%26#039;t think banks are going to be going out of their way to someone with a bad credit rating. Keep trying tho! Good luck! Try looking for grants and stuff as well since you are a small buisness......|||Do you have anyone who trust you enough to be a co-signer? If so then that%26#039;s one way you could get a loan from a bank. As long as your co-signer has good credit. And you have to make sure you make all the payments when they are suppose to be made or it will ruin your co-signers credit as well.|||Bad credit is one of the worst problems to have... however there exists a solution. I will hereby talk from my personal experience. I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details, if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times,

I suggest you get as much information as possible online on this first, a good place to start in my humble opinion is astraight to the point ebook with question and answer I found : http://www.counselingcreditcarddebt.com|||Watch them.they are every where.who i am talking about?SCAMMERS.they have reck me and my family.I needed a loan of $7,000 but i end up paying up to $3,000 without getting my loan.All hope was lost until i saw an answer directing me to spring loans inc.My loan was giving to me within two days of application.If you really need a legit lender,dont listen to all those fake lenders out there who are looking for poeple rip off of their money.Please my dear,i will advice you to go striaght to spring loans.Here is their address.springloans084@yahoo.com.They will help you without stress.

Thanks

Lily Dave|||My name is max i resides here in Boston. I have been able to secure loan from a private lender. Mr, .Lomax milton. He is a private lender in united kingdom. Im testifying to his services that he is geunine and reliable. The loan im using now in refinancing my bussiness here i boston in states was obtained from LOMAX MILTON LOAN INVESTMENT. I do here by adviced you with all sincerity and with no doubt that you should contact the said private lender. Email:lomaxmilton_loan_investment@yahoo.... THE RELIABLE PRIVATE LENDER WITH LOW INTEREST RATE. CUSTOMER-FRIENDLY|||EASY LOANS CO-OPERATION gives out loans at low interest rate 3% to

student,individuals,bussiness men and woman with low credit all over

theglobe.Sound lending is base on the promise that the borrowers will

repay.

pls contact us via email:easyloanfirm2007@gmail.com

Mrs Faith Brown.|||Hello Dear,

I am Mrs. Kate Moore About 3 years ago i got an advice from a friend to seek for online loan from this means,behold i met a man from SOFA LOAN FIRMS in UK by name Loong Kuan who came like an angel when i felt all hope was lost. I got in contact with the company through him, an they were able to loan me the sum of $72 000.00. After i have lost $3213 to online Nigerian scammer. i was able to pay back within the period of a year andsix months.Thank God for this man he sent. So if you are in any financial disability or wish to seek for loan. pls do contact SOFA LOAN FIRMS through him address:loongkuanloanlenders@gmail.com|||I thing you nee a Business Cash Advance

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How do i calculate this? What formula do I use?

You wish to purchase your first home. The bank will only allow a bond repayment, which is no greater than 30% of your net monthly salary. Your gross salary is $8250 per month and you have deductions of 25% per month from your salary.

Q: Calculate net salary (amount after deductions)

A: $6187.5

Q: Maximum bond repayment you can afford?

A: $1856.25

Q: The bank offers a fixed bond rate of 13,5% p.a. compunded monthly, over a 20 year period. Can you afford a flat that costs $150 000?

A: ???

Please show me how to calculate this. Thanks.

How do i calculate this? What formula do I use?construction loans

The payment will be $1810.5.

You can look up bond factors, i placed a link to a bond factor calculator. Using a bond factor makes the calculation easy.

PMT= PV/1000 * bond factor. or for you 150,000/1000*12.07

You could use a financial calculator by entering the data as N=240, I=13.5/12, PV=-150,000, FV=0, and then press calulate then PMT.

How do i calculate this? What formula do I use?

loan

John K is right. You can also find the solution using Excel. a financial calculator is easiest:

N = 20 years x 12 months = 240

PV = 150,000 - the amount of the loan today

i = 13.5% / 12 months = 1.125

FV = 0

You solve for the payment. Therefore the monthly payment is $1,811.06 well within your limit.

Why finance stocks are going down......?????????

i herd that subrime... what is this......bank giving mortgage below prime rate.... why????? is there house price is high....?????????Why less buyer and more seller...????????any affect on bank earning...............

Why finance stocks are going down......?????????loans uk

sub-prime is a term which refers to high-risk debtors, ie people with bad credit, low credit, or low income/high risk.

When the housing market was booming for the past few years, interest rates were low and credit was real cheap. Institutional lenders were getting very lax with who they were lending money to, and they sold many Adujustable Rate Mortgages to subprime debtors.

Well, the introductory fixed rate was all well and good, and the housing market was robust, so prices were rising, and people continued to buy.

But interest rates began to rise and the low introductory fixed rate expired and the interest payments adjusted to reflect higher market rates, subprime debtors found out they couldnt afford to pay the mortgage..so they began selling...

and selling...

and selling....

alot of people bought houses not to live in, but to cash in on the housing boom. and as soon as they started to see a lot of selling, they wanted out, too.

So they began selling,

and selling,

and selling.

So now everyone is defaulting on banks who offered subprime loans. And many of these banks borrow money to offer loans with. So what you have is everyone borrowing money from each other. Now everyone is asking for their money back, but because no one has the money to pay off their loans, there%26#039;s a liquidity crisis.

So basically its all a wicked chain reaction. And that%26#039;s whats causing the stock market to slump.

Why finance stocks are going down......?????????

loan

sub-prime does not mean giving mortgages below the prime rate even thought it certainly sounds that way. What that refers to is mortgages given to people who are not prime candidates for mortgages, ie lousy credit risks.

The reason financial stocks are dropping is because no one know what effect the mortgage fallout will have on these companies. The whole thing could cause a chain reaction with one thing leading to another and a nuclear melt down of the financial community could result. That is the fear and people are dumping any and every stock that is involved in finance.

Depending on whether you are an optomist or a pessamist, it is either a good time to buy financial stocks or a good time to sell them. It appears that currently there are more of the latter in the woods.

Being somewhat of a bargain hunter myself, I have been selectively nibbling on them. Hope I do not regret that.|||Makes no difference whether it%26#039;s finance stocks, high tech stocks, bio tech stocks, the Dow Jones 30 or that secret tip you happen to over-hear at the club, invest with the following advice, the good ones go bad and the bad ones get good. Life works on a sine wave and any and all of those stocks are subject to and succumb to that sine wave. Some stocks may seem hotter that the others but only because %26quot;someone%26quot; in the know may be talking louder than %26quot;someone%26quot; else. Chances are they are minimally involved with the stock or stock sector any way. It%26#039;s not your father%26#039;s stock market anymore. Investing in seasonal stocks are probably the safest.

How do I calculate this bond repayment sum?

You wish to purchase your first home. The bank will only allow a bond repayment, which is no greater than 30% of your net monthly salary. Your gross salary is $8250 per month and you have deductions of 25% per month from your salary.

Q: Calculate net salary (amount after deductions)

A: $6187.5

Q: Maximum bond repayment you can afford?

A: $1856.25

Q: The bank offers a fixed bond rate of 13,5% p.a. compunded monthly, over a 20 year period. Can you afford a flat that costs $150 000?

A: ???

Please show me how to calculate this. Thanks.

How do I calculate this bond repayment sum?yes loans

Required EMI = 150,000/ AF(13.5/12% , 20*12)

where AF is annuity factor, 13.5/12% is the monthly rate and 20*12 is number of months.

where AF (r,n)= annuity factor with rate r and number of periods n

= 1/(1+r) + 1/(1+r)^2 + .... (1/(1+r)^n

= 1/r - 1/(r(1+r)^n)

Alternatively use PMT function on Excel.

So, EMI = $1181

Thus you can afford the loan.

Borrow money from people?

how you can borrow monen from people as a bank or goverment like prime rate how you can offer cd like bank or brokrage company do.

Borrow money from people?education loans

You can lend and borrow money at prosper.com

Borrow money from people? loan

you can borrow money but you have to pay the person back as for trying to be like a bank will i don%26#039;t think it would work...

Question listed below?

Kassie borrowed $1000 from the bank at a 12% interest rate. How much money will kassie have to pay the bank over a six month period of time?

Question listed below?interest only loan

If she pays it all back after 6 months, she will have to pay the $1000 principle plus 12%/2=6% interest, which, on $1000 is $60 for a total of $1060.

Question listed below? loan

1,120.00|||It depends on whether the loan is based on simple interest or compound interest. It also depends on the length of the loan, how often payments are made and whether the payments are the same each time (such as on a mortgage).

But assuming the question means to ask how much interest is due on the loan after six months, assuming nothing has been paid to date:

For simple interest at a 12% annual interest rate, 6% of the balance will be due as interest after a half year. That is $60.

If it is compound interest and the interest is compounding continuously rather than daily or some other period, the interest accumulated is : $1000*(1.12)^(0.5) - $1000 = $58.30

Note: this may seem like a better deal in the short term, but if this interest is not paid off, six months later the interest is due on the unpaid interest as well and an additional $61.70 is due.

Credit cards are based on compound interest, so anytime you pay less than the amount of interest that has been charged in the last payment period, you will have even more additional interest due the next period.

How dumb is it to deport illegal immigrants?

A study by the Rand Corporation, conducted by Kevin McCarthy and Georges Vernez, came to the conclusion that immigrants do not have a negative effect on the earnings and the employment opportunities of native-born Americans.[2]

An increasing number of banks contend that providing undocumented residents with mortgages helps revitalize local communities, as they buy and rebuild run-down properties. According to the executive vice president of Banco Popular, the bank has found no higher rate of default in home loans to illegal immigrants than any other market the company serves.[3]

Taxation Professor of Law Francine Lipman writes in a 2006 paper in the peer-reviewed journal Tax Lawyer of the American Bar Association Section of Taxation that the belief that undocumented migrants are exploiting the US economy and cost more in services than they contribute to the economy is %26quot;undeniably false%26quot;.

How dumb is it to deport illegal immigrants?boat loans

Thanks for the info. Where did you copy and paste all this information from?

How dumb is it to deport illegal immigrants? loan

If we let criminal aliens do as they please why bother enforcing any other laws that actual citizens break?|||Yes, the three illegal aliens plotting to blow up Fort Dix were an economic asset indeed.

Secure the border first, then we can discuss %26quot;amnesty%26quot; or %26quot;immigration reform%26quot;|||It is not dumb at all! They broke the law. America is a nation of laws. If you give them a pass, you should give all criminals a pass!|||Not as dumb as letting them stay, showing them amnesty and mooching off of us.|||I have no problem with illegal immigrants. It%26#039;s not they%26#039;re fault their country is so corrupt that it can%26#039;t generate any wealth. If you believe you can succeed through hard work, you are a contribution to this country. Mexicans know more about the american dream than we do.

But you do not come here to be a parasite on productive society. Nobody should be able to demand money from their fellow Americans so they can sit on their *** and pretend to be looking for a job.|||Why do you only quote liberal sources. Why not look at what is actually going on. They cost us billions in health care each year. The gobble up welfair moneys like it was candy. The tax benifit of the few that do pay taxes doesnt amount to enough money to support even half of them. As far a jobs that can not be proven as our people are not given the chance to work them. Besides less than 2% of the illegal immigrants work for less than minum wage.|||they%26#039;ve broken our laws and that%26#039;s why they%26#039;re being deported!|||My favorite number you sited was the 1.4 million immigrants with ITN- 1/2 of those being illegal aliens.

Considering there are 12 million illegal aliens in the United States of America and approx 700,000.0 filed taxes that just leaves 11 million 300,000 more to apply for ITN and file their taxes.|||THAT%26#039;S THE SMARTEST IDEA EVER! LETS ARREST, DEPORT, AND BUILD THE WALL!|||I think this non-issue is going to propel some real caveman into office in 2008. The GOP strategists are brilliant. People are really dumb and uninformed.

There wouldn%26#039;t be a problem with any immigration if American business was undermining our economy by cutting jobs, destroying employees pensions and benefits and outsourcing. But because that%26#039;s the real agenda the GOP need to blame someone, because they can%26#039;t face the complicity of Business (including their own president and his cronies) in destroying the earning potential of all Americans.

No, they shouldn%26#039;t be allowed to come in illegally. But who are you going to punish? Them, or the businesses that thrive on their presence?

How about a real answer to this, oh nativists?|||It%26#039;s a mucked up situation - I have no love for law breakers but I think the hatred the right has for them is misguided. We need rational solutions not emotional ones.|||So.. you have 1 study that says they don%26#039;t. While the other 90000 say they do?

Sure.. let%26#039;s go with the 1.|||Well first did it occur to you that the Rand corporation is in the

business community%26#039;s back pocket?, and they put out these statistics to do precisely what you%26#039;re doing here. I know what these people are costing the health care system, I have family in health care and more and more hospitals are closing, (California is almost in crisis mode) from providing health care for the waves of these people, and their 3-4-5-6 whatever kids. Not to mention the costs to the legal system, and other services, and the depression of wages their being here has brought. So the Rand corp. can say whatever it wants but I know first hand it%26#039;s a bunch of BS|||Do you people even know what you%26#039;re talking about?

Where do you get your information to be able to say that illegals come here to mooch off of us? How you can you base your opinion on heresay and rumors?

Do you actually personally KNOW any illegals??

Have you ever been in one of those countries to see face to face how they live? It%26#039;s always the folks that do not possess enough valid information or actual have had one one experience with an illegal that have the harshest things to say.

You need to learn alot more about them before you can make statements such as they are %26#039;moochers!%26#039; That%26#039;s one of the stupidest things I%26#039;ve heard as an argument against them.

They WANT to work!

I knew illegals( now legal permanent residents or U.S. citizens) who were paying income taxes b/c they had a working permit with a SS# given to them by the IRS.

They came here to work (and are DAMN hard workers) and paid their way in every aspect of the word-NEVER went on public assistance for ANYTHING.

If you were ever actually in one of those countries and saw how hard it is to make a living, if you ever actually befriended an illegal, you wouldn%26#039;t be saying those harsh things.

You would actually be educated on the economy and welfare of those countries.

Work is hard to come by, in most cases you must have a H.S. diploma in order to even get a job, then you%26#039;ll end up earning $3 a DAY, and when you go shopping for necessities you can hardly afford to buy a $6 can of coffee or a $5 bottle of Suave shampoo. Most people use public buses for transportation since they can%26#039;t afford a car(cars are even more expensive there!)

Not only do they earn so little, but to purchase even the basic necessities is outrageous!

I know this information from people I know who live in El Salvador. And yes, I%26#039;ve been there also so I have two accurate sources of information-from my own experience and from actually KNOWING people residing in one of those countries.

They help this country more than many of you realize.

Deporting all 12 million of them is not only one of the worst decisions, but is also highly impossible! Who is going to be able to FIND them all?

But if those of you that are pushing for deportation as some %26quot;miracle%26quot; actually get your wish, then and only then will you realize what an asset they were/are to this country and then you%26#039;ll be on here crying about what a mistake that was.

Refinance - Web Closing?

I am about to refinance my mortgage with one of the biggest banks in the country. Interest rate is great. Closing fee is very minimal. They told me, I can do web closing or go to any of the branches. For web closing, I will have to give the closing company (an affiliate of the bank), the Power of Attorney and some body from the closing company will sign on my behalf. I will have to login at a scheduled time and some one from the closing company will walk me thru each of the document.

I have never heard about this. Has anyone heard anything like this?

Refinance - Web Closing?loan forgiveness

Go in person! Having done over 1000 closing, I know that there is usually at least one change, etc. Go in person!

Refinance - Web Closing? loan

Nope. I personally would want to close in person and read and receive the hardcopy documents.|||I have heard of this forthcoming...In fact, the bank I work for will be doing it in 2008. My biggest concerns would be:

1) Internet security. make certain that your information is safe. Look for the lock symbol.

2) Make certain that the Power of Attorney is a Specific POA, not a general. I would assume that the POA will be a Specific, just make certain. A general POA gives too much %26quot;Power%26quot;

Take care and welcome to the next new technology. Pretty soon we will never even have to leave home. Except of course to move.|||No, I don%26#039;t know anything about that, but you can check www.PrimericaSecure.com or call 1(877)8558111 and Representative can you help with that. Just give this information for a free consultation: Rep. Last name is VALENCIA, PIN# MAAR9. Good Look . God Bless YOU. AND HAPPY THANKS GIVEN DAY. P/DYou have to be carefully with that kind of transaction because you can lose your money and your time.|||I hope it not countrywide.....|||Always go in person, if they change something, how would you know? Next thing you know your in a 1 yr adjustable instead of a 30 yr fixed. just go.

Waste of time?!Confused!?

We applied for a car loan yesterday, the deal called us back and said there was a bank who needed more information (last years taxes) so we faxed them. Now, does this mean we got the loan? the bank also gave the interest rate,but never said what the down payment would be.

we are suppose to find out later whats going on but I cant stand waiting lol

Thanks for your help

Waste of time?!Confused!?bridge loan

Just be patient .. they are working on it and probably negotiating your rate, etc ..

Good Luck!

Waste of time?!Confused!?

loan

call the bank or the dealership|||Most likely you have informed them of how much money you make already. As long as the tax returns support the information that you have provided them, you should be fine and hopefully you should hear back within the next couple of hours the final end result. Good luck:)|||If they have calculated the interest rate for the car you want, they%26#039;ve already taken into account your down payment. You should have indicated how much you have to put down on the loan application.

It sounds like you%26#039;ve been approved, but they are trying to figure out the most interest they can charge you. Reject the first offer and get it low!|||This DOES NOT MEAN you got the loan...it means they are trying other financial institutions to TRY and get you financed...be patient..they may find one for you

Professionals only, please: I am a professional and I send monthly statements for services rendered

prior to receiving one, each client has signed an agreement specifying interest rate of 18% if not paid within 15 days. Statements also make this clear. Despite, this, the majority of my statements are not paid on time. Because I don%26#039;t want to be a bank, I charge a high rate of interest. Clients don;t seem to care - they either ignore and pay the orig balance eventually, or sometimes just go ahead and pay with int. But hate having to chase them down and the interest can lead to disputes / hard feelings. Lately, instead of just throwing in stuff for free, I itemize it, list price, then indicate on bill it%26#039;s free if statement is paid on time; if not, it%26#039;s going to be on next statement. This is also made clear in plain English on statement - it too fails to motivate timely payment from most clients. Any recommendations? Maybe 15 days is too quick, but I fail to see how a 30 day deadline is going to make anyone pay any quicker!? The credit cards and others don%26#039;t allow 30 days.

Professionals only, please: I am a professional and I send monthly statements for services rendered -?no fax loan

It%26#039;s a problem that all businesses and all professionals face -- some percentage of clients won%26#039;t pay, and some will pay late.

30 days is more common in many industries, and might help your situation because many people operate on a monthly budget cycle -- especially if you notice that the people paying late tend to pay within the 30 day window if not the 15 day mark.

I like your idea about the %26quot;free if paid on time%26quot; parts -- that%26#039;s creative and a good way to incentivize people. Other than that, it just part of doing business.

Professionals only, please: I am a professional and I send monthly statements for services rendered -?

loan

Most businesses I have dealt with offer their sevices %26quot;interest free%26quot; if paid within a certain time frame. Usually 15% charge after 15 days past due. You are a little higher interest wise but are not alone in your billing practices.|||Rather than focus on the slow-pays, why dont you consider giving a discount for clients who pay within a prescribed time frame. For example, a business might give a 3 percent discount if the invoice is paid within 10 days, a 2 percent within 15 days, and a 1 percent if paid within 30 days.

Many busineses are very loathe to pay interest to other businesses. I think it%26#039;s probably not worth your time to chase this down for people who pay within 45 days, but take a hard stance against clients who are chronically slow-pays even after 45 days.

I have an idea about how to pay off my student loans. What's your opinions? See below.?

All numbers are rough numbers, so the idea comes through better:

I borrowed 20,000 from the government, which I am set up to pay back at 5% interest over the next 10 years.

If I were to lend 20,000 to a bank at a higher interest rate, over the same time frame, wouldn%26#039;t I be able to use the interest income I earned from the 20,000 I lent to pay off the interest expense incurred on the 20,000 I borrowed?

Of course I would, if I lent at a higher rate than I borrowed. My question to you is: Is this arbitrage possible in the real world?

I have an idea about how to pay off my student loans. What%26#039;s your opinions? See below.?finance

It%26#039;s possible, but would only make sense if you only owed the interest. Since you have to pay back principal and interest, the interest you earn by lending your $20k would have to be substantially higher in order to repay the principal balance and the interest. If you want to save some money, take your $20k and pay off your debt now. Although 5% is a pretty low rate and you might get some tax benefit for paying it, you shouldkeep your debt at a manageable level until you get finacially established.

I have an idea about how to pay off my student loans. What%26#039;s your opinions? See below.? loan

its done all the time|||yes with a capital YES|||u know what my boy i think u should prove your inteligency in exam rather than on net,tell u what u not gonna finish that dgre and when u drop out and work in construction u wont even afford to payback the debt, the taxman will knock on your door, ur 3 seconds to credit bureu, pls study hard and forget conning the goverment|||The interest you earn, which by the way, won%26#039;t come near that 5%, will be taxed, whereby you will lose in the long run. If you loan it out to an individual and it is not secured, and he doesn%26#039;t pay you back, you lose again. You got a good loan deal with 5%, pay it off and save you credibility.

Math help?????

If XYZ Bank pays a monthly interest rate of 0.5%, how much is the yearly rate? Please show your equation.

Math help?????military loans

12*5/100

Math help????? loan

12 X 0.5%|||12.0

x0.5

===

60

Opening a savings account in another country?

interest rates are really bad right now in US so i was wondering if i can open a savings account in another country i was looking at NAB i believe its an australian bank. do i have to be a citizen? anyone know other banks with high interest rates?

Opening a savings account in another country?horses for loan

I would check with one of the US banks, i.e., JP Morgan Chase. They are there to help. The US dollar is not worth much outside of the US. The Euro dollar is worth twice, a big consideration in moving funds at this time. Even if there interest rates are better the exchange rate would defeat the purpose.

Opening a savings account in another country? loan

I hold bank accounts in the UK and I%26#039;m not British.....my husband has bank accounts in the US and he%26#039;s not American.

We do though hold them as joint accounts and one of us being the right citizen for each country helps I think.

Another issue you may have missed though is even if you get to open the accounts, when you transfer your money into them it will be converted to the local currency from US dollars at the current exchange rate.

And since the dollar is weak at the moment you lose an awful lot of it%26#039;s value in the exchange.

Interest rates may be higher in some countries but it%26#039;s debatable if the cost is worth it.|||Depends on the country. I have bank accounts in four countries that I am not a citizen of. Some countries require nothing and anyone can open a bank account. Some countries require that you have a local address, some require that you be a resident, a select few require that you actually be a citizen.

Some countries will pay extra interest for foreigners although I haven%26#039;t seen that recently.

I really don%26#039;t understand what you are trying to do. Odds are you do not have enough money to make this worth while. The difference in interest will never be greater than the transaction costs. If you do have enough money to make it worth while why is it in a bank account? That has to be one of the worst possible places to keep large sums of money. Any funds that are needed for the sake of liquidity should not be in a bank account.

Something else that you needs to be considered is that in a US bank you money to a specific amount is insured should the bank fail. This is not true of all countries and further even of the countries it is true for some do not provide that protection to foreigners.|||THE BEST BET NOW IS ONLINE SAVINGS ACCOUNTS.

THEY ARE THE HIGHEST AMONG THE ACCOUNTS AVAILABLE IN THE U.S. I HAVE ONE WITH HSBC AND IT IS GETTING ME 3.05% FOR NOW. IT WAS 5% JUST BEFORE THE FED CUT THE RATES.

IF YOU HAVE SAVINGS ACCOUNTS IN OTHER COUNTRIES, YOU RUN THE RISK OF WHAT THEIR RULES ARE. AND SINCE YOU ARE NOT A CITIZEN, YOU MAY BE AT A DISADVANTAGE.

Math help????

If XYZ Bank pays a monthly interest rate of 0.5%, how much is the yearly rate? Please show your equation.

Math help????credit cards

.05 to the twelth power, you can work it out from here

Math help???? loan

Whaaaaaa???! :0|||I may be wrong but I would assume that it would be 6% being 0.5% x 12 months.|||compounded?? search wikipedia for %26quot;interest formulas%26quot; --%26gt; its always better to do your own homework..|||12 months * .05% per month = 6% per annum|||0.5% x 12 months = 6%|||compund interest problem!!

suppose u have n dollars in the bank.

at the end of 1st month u%26#039;ll have $[n + (0.005 x n)] = (1.005 x n)

at the end of 2nd month u%26#039;ll have $(1.005 x 1.005 x n) = $(1.005^2 x n)

so at the end of 12th month u%26#039;ll have $([1.005^12] x n)

that is $1.06n.

so the interest rate is (0.06 x 100) = 6%.|||0.5% x 12 months in a year = 6.00

Lending via Zopa?

Has anybody any experience of ledning through Zopa?

It looks likely that banks will cut interest rates to stimulate the ecconomy over the next year however due to the credit crunch there still may be limited credit supply. This should mean a higher differential between saving and borrowing rates thus making lending (and borrowing) more attractive through a site like Zopa.

I%26#039;ve got a few grand in the bank and was wondering how much bother it would be to try to increase my returns by lending it out through Zopa. I wanted to know what the pitfalls/tax implications are.

Lending via Zopa?exchange rate

The returns at Zopa are likely to be around 6%-7% with significant risk (ie the credit crunch is related to excessive defaults which Zopa will not be immune to).

I did some lending at Prosper last year. The main difference is that Zopa picks your loans for you (after you decide what types of borrowers you want), while at Prosper you pick the specific loans you want to be involved in. They both have low returns given the amount of risk involved.

Here is an independant forum where both sites are discussed (Prosper much more than Zopa):

http://www.prospers.org/forum/

If you do decide to lend money, learn as much as you can first. Learning will save you loads of $$ in mistakes.

The tax consequences are also bad with lending. The interest is all taxable immediately. I would recommend a tax concious mutual fund. Even better is a tax advantaged account (IRA, ROTH, 401k) if you have not maxed those out already.

Best of luck in your investments!