Bank loans - pay back decision?

1 Answer

Answer :

Dave Ramsey would tell you to pay one off/ down, whichever has the highest interest.

Related questions

Description : Does Bank of America offer loans to pay off lawsuit settlements?

Last Answer : Bank of America does not offer loans to pay off lawsuites. There are no bansk that offer this serivce. Bank Of Americea is like most banks these days and they are very conservative in lending money. It is unlikely they would lend money for this venture.

Description : Can you go to jail if you can't pay back loans, such as student loans?

Last Answer : No, you can’t go to jail. You may end up bankrupt, and you may be in debt for a long time. But you won’t go to jail.

Description : Is there any legal way to not pay students loans back?

Last Answer : no i am pretty sure they are due even if you declare bankruptcy. i dont think they ever die. one of the few “I.O.U.‘s” that dont even forget about you…

Description : What are my options if I'm not earning enough to pay back my student loans?

Last Answer : There are several options available for loan repayment. Usually they have you make monthly installment payments, or certain loans will let you make payment arrangements if employed using the education you received.

Description : A young man decides to buy a collector's baseball card. He pays $60 for it. After a month, the value of the card has increased to $70 and he decides to sell it. But already a few days later ... of owning the baseball card, he finally decides to sell it for $100. What is his overall profit? -Riddles

Last Answer : $30.00. Overall profit, not net profit!

Description : A man decides to buy a nice horse. He pays $600 for it, and he is very content with this strong animal. After a year, the value of the horse has increased to $700 and he decides to sell the ... horse, he finally decides to sell the horse for $900. What is the overall profit the man makes? -Riddles

Last Answer : The man makes an overall profit of $200.

Description : A man decides to buy a nice horse. He pays $60 for it, and he is very content with the strong animal. After a year, the value of the horse has increased to $70 and he decides to sell the ... owning the horse, he finally decides to sell the horse for $90. What is the overall profit the man makes?

Last Answer : Consider the trade-story as if it describes two separate trades, where: In the first trade, the man buys something for $60 and sells it again for $70, so he makes a profit of $10. In the second trade, ... and the total earnings are $70 + $90 = $160. The overall profit is therefore $160 - $140 = $20.

Description : A man decides to buy a nice horse. He pays $60 for it, and he is very content with the strong animal. After a year, the value of the horse has increased to $70 and he decides to sell the ... owning the horse, he finally decides to sell the horse for $90. What is the overall profit the man makes?

Last Answer : Consider the trade-story as if it describes two separate trades, where: In the first trade, the man buys something for $60 and sells it again for $70, so he makes a profit of $10. In the second trade, ... and the total earnings are $70 + $90 = $160. The overall profit is therefore $160 - $140 = $20.

Description : Mention one of the major reasons which prevents the poor from getting bank loans. -SST 10th

Last Answer : Absence of collateral is one of the major reason which prevents the poor from getting bank loans.

Description : Understand How MSME Certified Units can apply for Business loans from SBI, HDFC Bank, ICICI Bank, and Others?

Last Answer : In view of the economic distress caused by the COVID-19 pandemic, the Finance Ministry unveiled a Rs 20 Lakh Crore comprehensive package, known as the Emergency Credit Line Guarantee Scheme (ECLGS). ... had announced Rs 3 lakh crore emergency credit line guarantee scheme (ECLGS) for MSME under t

Description : There is a difference between Loans and Advances given by the Bank.

Last Answer : Justify the following statement: There is a difference between Loans and Advances given by the Bank.

Description : Different Types of Bank Loans?

Last Answer : Over the past few year banks have tightened their lendingpractices and have made getting loans more difficult than before.However, banks still offer a wide variety of loans to theircustomers which can be ... an unsecured personal loan. Anunsecured personal loan is a loan that a bank gives to anindi

Description : Which bank offers the best deals on personal loans in Tampa, FL?

Last Answer : Chase Bank and USAA are two large bank that have branches in the Tampa area. They both offer competitive rates on personal loans.

Description : What is the best bank for small business loans?

Last Answer : There are a number of bank options for small business loans. Chase, USAA, and Bank of America are 3 of the leading banks.

Description : Does Bank of America offer small business loans?

Last Answer : Yes Bank of America does provide secured business lines of credit. Additionally you may seek information from the Small Business Administration to determine your eligibility for their programs.

Description : Bank Auto Loans Are Now Available Online?

Last Answer : Major national and local banks are now offering loans for purchase of new and used vehicles through their online banking sites. Getting quotes for bank auto loans online saves time, and often ... only car loans available online as finance companies and even brokers offer online auto loan service.

Description : Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Last Answer : (2) Central bank gives loans to Commercial banks Explanation: Bank rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are very short in duration.

Description : According to a report by Reserve Bank of India, country‟s gross bad loans are expected to grow from 7.6% to ________ by March 2017. A) 9.2% B) 8.2% C) 8.5% D) 8.0% E) None of these

Last Answer : C) 8.5% Explanation: Gross bad loans at banks may rise to 8.5 percent of total assets by March 2017 from 7.6 percent in March 2016 if the central bank orders them to conduct a second round of ... Meanwhile, under a -severe stress situation, total bad loans could rise to 9.3 percent in March 2017.

Description : The China-led Asian Infrastructure Investment Bank (AIIB) approved its first set of loans amounting to $ 509 million to four countries. Which of the following Is not among these 4 countries? A) Bangladesh B) Indonesia C) Pakistan D) Nepal E) Tajikistan

Last Answer : D) Nepal Explanation: AIIB headquartered in Beijing, China, has given loan to finance projects in four countries viz. Bangladesh, Pakistan, Indonesia and Tajikistan.

Description : The ratio of deposits to loans of a bank is known as _______ A. NPA coverage Ratio B. Return on asset ratio C. Asset Coverage ratio D. CD Ratio E. Other than those given as options

Last Answer : E. Other than those given as options Explanation: The loan to deposit ratio is used to calculate a lending institution‘s ability to cover withdrawals made by its customers.

Description : Loans granted by a bank to an exporter popularly known as „Export credit‟ is guaranteed, in case of default,by which of the following A. EXIM Bank B. Ministry of International Trade, GOA C. ECGC D. DICGC E. Other than those given as options

Last Answer : C. ECGC Explanation: ECGC Limited (Formerly Export Credit Guarantee Corporation of India Ltd) is a company wholly owned by the Government of India based in Mumbai, Maharashtra. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce.

Description : The “Stand Up India” is aimed at promoting entrepreneurship among women and scheduled castes and tribes. The bank loans under the scheme shall be referenced to _______ A. SIDBI B. NABARD C. RBI D. MUDRA E. DRDA

Last Answer : A. SIDBI Explanation: The ―Stand up India Scheme‖ is being launched now to promote entrepreneurship among Scheduled Caste/Schedule Tribe and Women for loans in the range of Rs. 10 Lakhs to Rs. 100 Lakhs. The bank loans under the scheme shall be referenced to SIDBI.

Description : The International Bank for Reconstruction and Development(IBRD) is an international financial institutions that offer loans to _____ A. Multinational Banks B. Multinational Financial Institutions C. Middle Income Developing Countries D. Non Government Organizations E. None of the Above

Last Answer : C. Middle Income Developing Countries Explanation: The International Bank for Reconstruction and Development (IBRD) is an international financial institution that offers loans to middle-income developing countries.

Description : Which fundamental principle is seriously threatened by an engagement that is compensated based on the net proceeds on loans received by the client from a commercial bank? a. Integrity b. Objectivity c. Professional behavior d. Confidentiality

Last Answer : Objectivity

Description : Which sister organization of the World Bank provides long term loans at zero interest to the poor and developing countries ? 1. Asian Development Bank 2. IMF 3. International Development Association 4. International Finance Corporation 5. None of these

Last Answer : International Development Association

Description : Which sister organization of the World Bank helps private activity in developing countries by financing projects with long-term capital in the form of equity and loans ? 1. Asian ... . IMF 3. International Development Association 4. International Finance Corporation 5. None of these

Last Answer : International Finance Corporation

Description : Bank assurance means ? 1. Assurance given by banks to loaners 2. Assurance to bank with one bank 3. Assurance to repay loans 4. Assurance to give good service 5. Selling insurance product through bank

Last Answer : Selling insurance product through bank

Description : Asian Infrastructure Investment Bank (AIIB) approves $1.5bn in loans for infrastructure projects to ______ country: (a) Pakistan (b) India (c) Bangladesh (d) None of These

Last Answer : (b) India

Description : Which of the following is not the function of commercial bank? (a) Acceptance of deposits. (b) Advancing loans. © Issue of paper notes. (d) Credit control.

Last Answer : © Issue of paper notes.

Description : From which of the following banks did Madan Mohan Malaviya take loans for financing "The Hindustan Times"? (SSC CGL 1st Sit. 2013) (a) State Bank of India (b) Punjab National Bank (c) Bank of Maharashtra (d) Bank of Baroda

Last Answer : (b) Punjab National Bank

Description : The minimum amount of------------------,irrespective of such private participation,could be specified at a minimum 17.5 per cent of project costs by lending institutions. A. bank loans B. promotors contribution C. fixed capital D. working capital

Last Answer : B. promotors contribution

Description : Do I need to pay off both student loans before I can receive FASFA agian?

Last Answer : Did you look at the FAFSA website?

Description : I'm a freelancer. How can I get US$ 4000 in two months to pay my tuition fees? (No student loans are available in my country and crowdfunding isn't an option)

Last Answer : Sell things. Ask family for money. Get a few more jobs. Sell your plasma. You dont specify your languages or skills, or your country. You coming here to study? Too many unknown factors.

Description : Who provided the money to pay off the loans Ted Cruz got from Citibank and Goldman Sachs?

Last Answer : You can get campaign contribution and expenditure reports at the FEC web site.

Description : How long would you stay in an agony booth (from Star Trek reverse dimension) in order to pay a portion of your student loans? (Details inside )

Last Answer : answer:I don't think the Agony Booth electrocutes people. It uses nerve induction to directly stimulate the pain receptors of the brain without causing physical damage. There's a limited amout of pain ... achieving a deeper and deeper level of meditation. Getting paid for this would just be a bonus.

Description : Is there a pay day loan company that gives loans to people who receive social security?

Last Answer : answer:My Mother In Law was able to get loans on her Social Security Disability, so I suspect that you could. I believe she also used her car as collateral. She now has a certified payee who manages her money for her, so she doesn’t run out.

Description : Which loans to pay off first...

Last Answer : answer:If you are paying 8% interest on even one of your student loans, you are paying too much. Consider consolidating. I say pay the car loan first; it will raise your credit score by a larger amount than the student loans.

Description : Do most parents pay for their kids college tuition, or do more kids take out loans to pay for college themselves?

Last Answer : In my country parents pay for their kids tution fees mostly. In very rare cases only kids pays their bill own. Parents consider it as their responsibility to make our child study well. So they take all responsibilities.

Description : Do you pay more interest on unsecured loans than on secured ones?

Last Answer : Interest rates are typically higher on unsecured loans rather than on secured loans. This is because there is no collateral backing the loan.

Description : How much interest will I save if I pay off my loans sooner?

Last Answer : If it is simple loan then you will have to pay interest only for the days for which you have used the funds. This will result in saving interest on remaining duration of loan period. There are ... state the extra money that you have to pay in case of early repayment. Please check loan agreement.

Description : Is there assistance to pay off existing student loans?

Last Answer : Yes there is some of assistance to pay off student loans; I would recommend going to Washington's higher education website for information on student loan repayment; Visit http://www.hecb.wa.gov/ for more information.

Description : Do loans pay for part of her tuition?

Last Answer : If I am not eligible to apply to SAAS for support, where can I get support for my course? If you are ... eligible students are entitled to apply for help with their tuition fees and ... You can apply to ... tuition fees and ... You can apply to us for a student loan to pay part or all of your fees

Description : What is the fastest way to pay off payday loans before they gain too much interest?

Last Answer : The fastest way to pay off a payday loan so the loan does not gain too much interest is to pay the loan in full before the due date. If you wait till the due date youll pay for every day it takes to pay the loan back youll pay intrest on that day.

Description : You find yourself totally out of debt, no rent, no house payment, no car payment, no loans what so ever, what would it take for you to go back into debt?

Last Answer : If my children really needed help.

Description : Can people claim bankruptcy to get out of paying student loans back?

Last Answer : The short answer is maybe. It will depend on what kind of bankruptcy you claim. New bankruptcy laws make it harder to get rid of the principle loan but will forgive the interest, late payments, and so on. Chapter 7 or 13 or 11? It can get very confusing.

Description : Is there any way to get out of paying back school loans?

Last Answer : No, there is no way to get out of paying back school loans. You can read more at www.soyouwanna.com/site/syws/loans/loans.html

Description : Which of the following international institutions has a more democratic way of decision -making on matters of global importance? (1) General Assembly of the united Nations (2) International Monetary Fund (3) Security Council of the United Nations (4) World Bank

Last Answer : (1) General Assembly of the united Nations Explanation: The General Assembly of the United Nations has a more democratic way of decision-making on the matters of global importance.

Description :  In free economy the decision about investment, saving and consumption are decided by (a) Price mechanism ; (b) Central bank ;(c) Planning Commission ;(d) Finance budget 

Last Answer : (a) Price mechanism

Description : If your neighbour knows about your blood group, all of a sudden his child fell down to a road accident, and he request you to donate blood to save his child's life, what decision would you ... will immediately agree to donate your blood D) You will suggest him to arrange blood from a Blood-bank

Last Answer : C) You will immediately agree to donate your blood