While taking a loan, borrowers look for easy terms of credit. What do is this mean? -SST 10th

While taking a loan, borrowers look for easy terms of credit. What do is this mean? -SST 10th
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1 Answer

Answer :

This means low interest rate, easy conditions for repayment and less collateral and documentations requirements.
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Differentiate between formal and informal sources of credit. Explain problems faced by borrowers of loan from informal sources. -SST 10th

Description : Differentiate between formal and informal sources of credit. Explain problems faced by borrowers of loan from informal sources. -SST 10th

Last Answer : The moneylenders charge very high rates of interest keep no records of transactions and harass the poor borrowers.

Credit rating _______ A. is used to rate the borrowers while giving advances B. is used to work out performance of the employees C. is used to calculate the number of excellent audit rated branches D. is not used in any bank E. is necessary before giving promotion to employees

Description : Credit rating _______ A. is used to rate the borrowers while giving advances B. is used to work out performance of the employees C. is used to calculate the number of excellent audit rated branches D. is not used in any bank E. is necessary before giving promotion to employees

Last Answer : A. is used to rate the borrowers while giving advances Explanation: Credit rating is an analysis of the credit risks associated with a financial instrument or a financial entity. An assessment of the creditworthiness of a borrower with respect to a particular debt or financial obligation.

Why do the rural borrowers depend on the informal sector for credit? -SST 10th

Description : Why do the rural borrowers depend on the informal sector for credit? -SST 10th

Last Answer : The rural borrowers depend on the informal sector for credit because : (i) Absense of collateral and documentation with rural borrowers. (ii) Flexible loans in term of timelines, interest rates, procedural ... the group is regular in savings for year or two, it can avail loan from the bank.

The target group for credit cards is _________ 1. All card Holders 2. All existing borrowers 3. Individuals, with taxable income 4. All of these 5. None of these

Description : The target group for credit cards is _________ 1. All card Holders 2. All existing borrowers 3. Individuals, with taxable income 4. All of these 5. None of these

Last Answer : All of these

Why are terms of credit required for a loan or credit? -SST 10th

Description : Why are terms of credit required for a loan or credit? -SST 10th

Last Answer : . Terms of credit are required so that the borrower knows the conditions to take the loan. . The collateral, in the form of security or guarantee, is given to the lender until the loan is repaid ... the loan, the lender has all the rights to sell the assets or collateral to obtain the payment.

How do the informal lenders take undue advantage of the borrowers helplessness? -SST 10th

Description : How do the informal lenders take undue advantage of the borrowers helplessness? -SST 10th

Last Answer : They charge high interest on loans. As a result, the cost to the borrower of informal loans is also very high.

How do the SHGs help borrowers? -SST 10th

Description : How do the SHGs help borrowers? -SST 10th

Last Answer : The SHGs help borrowers overcome the problem of lack of collateral.

Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfilment of its terms and conditions. What is this arrangement known in banking context? A. Line of Credit B. Loan to Client C. Loan on Credit D. Letter of Credit

Description : Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfilment of its terms and conditions. What is this arrangement known in banking context? A. Line of Credit B. Loan to Client C. Loan on Credit D. Letter of Credit

Last Answer : D. Letter of Credit Explanation: A letter issued by a bank to another bank (especially one in a different country) to serve as a guarantee for payments made to a specified person under specified conditions.

7. What are the reasons why the banks might not be willing to lend to certain borrowers? -Economics 10th

Description : 7. What are the reasons why the banks might not be willing to lend to certain borrowers? -Economics 10th

Last Answer : The reasons why banks might not be willing to lend money to certain borrowers are given below:Some people fail to provide the required set of documents to get a loanIrregular wages and ... loansCertain borrowers are added to the list of NPAsThere is high risk in approving loans to entrepreneurs

Should lenders be allowed to make loans they don't expect borrowers to be able to repay?

Description : Should lenders be allowed to make loans they don't expect borrowers to be able to repay?

Last Answer : answer:No, they should not. It is greed on their parts. Should people think responsibly and not take on more debt than they can? Of course. In the case of some of these outrageous mortgages, ... simplifying the process and forcing them to disclose in plain English would go a long way to helping.

An Interest Calculator Can Save Borrowers Money?

Description : An Interest Calculator Can Save Borrowers Money?

Last Answer : Figuring out accrued interest on a loan can be accomplished using a simple interest calculator tool. The total amount paid in interest charges over the life of the loan can also be figured using ... the entire loan period will be able to make an informed decision after using an interest calculator.

The structure of the registry which will enable quick sharing of information about unstructured borrowers and help banks fight bad loans. The registry is called _______ A. CIBIL B. Fraudelent Borrowers List C. RBI wilful Defaulter List D. Central Fraud Registry E. None of the Above

Description : The structure of the registry which will enable quick sharing of information about unstructured borrowers and help banks fight bad loans. The registry is called _______ A. CIBIL B. Fraudelent Borrowers List C. RBI wilful Defaulter List D. Central Fraud Registry E. None of the Above

Last Answer : D. Central Fraud Registry Explanation: The Reserve Bank of India has operationalised a Central Fraud Registry (CFR). The registry will make available more information to banks at the time of starting a ... of an account. The CFR is a centralised searchable database which can be accessed by banks.

The National Agricultural Insurance Scheme in its first two years of operation envisaged to cover...... (A) all crops-grown by small and marginal farmers only (B) all crops-cultivated with the help of crop loans only irrespective of the size of holding of the borrowers (C) all food crops-cultivated by all types of farmers (D) only horticultural crops (E) only seven commercial crops-grown under contract farming system

Description : The National Agricultural Insurance Scheme in its first two years of operation envisaged to cover...... (A) all crops-grown by small and marginal farmers only (B) all crops-cultivated with ... of farmers (D) only horticultural crops (E) only seven commercial crops-grown under contract farming system

Last Answer : (B) all crops-cultivated with the help of crop loans only irrespective of the size of holding of the borrowers

Underwriters build up ______ confidence in the issue of securities. a. Borrowers b. Investors c. Company

Description : Underwriters build up ______ confidence in the issue of securities. a. Borrowers b. Investors c. Company

Last Answer : b. Investors

Company A sells $500 of merchandise on account to Company B with credit terms of 2/10, n/30. If Company B remits a check taking advantage of the discount offered, what is the amount of Company B's check? a. $350 b. $490 c. $450 d. $400

Description : Company A sells $500 of merchandise on account to Company B with credit terms of 2/10, n/30. If Company B remits a check taking advantage of the discount offered, what is the amount of Company B's check? a. $350 b. $490 c. $450 d. $400

Last Answer : b. $490

Company X sells $400 of merchandise on account to Company Y with credit terms of 2/10, n/30. If Company Y remits a check taking advantage of the discount offered, what is the amount of Company Y's check? a. $280 b. $392 c. $360 d. $320

Description : Company X sells $400 of merchandise on account to Company Y with credit terms of 2/10, n/30. If Company Y remits a check taking advantage of the discount offered, what is the amount of Company Y's check? a. $280 b. $392 c. $360 d. $320

Last Answer : b. $392

If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during this time. b. pay within the discount period and recognize a savings. c. pay within the credit period but don't take the trouble to invest the cash while waiting to pay the bill. d. recognize that the supplier is desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Description : If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during ... desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Last Answer : b. pay within the discount period and recognize a savings.

Where can I get an easy cash loan?

Description : Where can I get an easy cash loan?

Last Answer : Answers is the place to go to get the answers you need and to ask the questions you want

What are the conditions for taking out a baby loan?

Description : What does it take for someone to take out a baby waiting loan? It is true that you need 3 years of employment as well.

Last Answer : You can claim Baby Waiting Allowance if: you are married and both have reached the age of 21 but your wife has not yet reached the age of 41, at least one member of the couple ... the eligibility conditions of the Government Decree and are considered creditworthy based on OTP Bank's own assessment.

What factors should I consider before taking out a home construction loan?

Description : What factors should I consider before taking out a home construction loan?

Last Answer : You should consider the interest rate and the length of the loan. Making sure you can meet the payments is most important.

Taking Out A Subsidized Stafford Loan?

Description : Taking Out A Subsidized Stafford Loan?

Last Answer : Without a doubt, students should take subsidized Stafford loans when the opportunity is available. These loans are preferable over any other product because the federal government pays the interest charges while a ... too. With that in mind, this option should not be passed upon for any reason.

Longterm funds in the capital, market can be raised either by borrowing from certain institutions or through - (1) issue of note (2) taking loan from Government (3) issue of securities (4) taking loan from foreign institutions

Description : Longterm funds in the capital, market can be raised either by borrowing from certain institutions or through - (1) issue of note (2) taking loan from Government (3) issue of securities (4) taking loan from foreign institutions

Last Answer : (3) issue of securities Explanation: Capital markets provide for the buying and selling of long term debt or equity backed securities. When they work well, the capital markets channel the wealth of ... to raise long-term funds by providing a market for securities, both through debt and equity.

Long-term funds in the capital market can be raised either by borrowing from certain institutions or through (1) issue of note (2) taking loan from Government (3) issue of securities (4) taking loan from foreign institutions

Description : Long-term funds in the capital market can be raised either by borrowing from certain institutions or through (1) issue of note (2) taking loan from Government (3) issue of securities (4) taking loan from foreign institutions

Last Answer :  issue of securities

What does credit mean? What are the terms of the credit? -SST 10th

Description : What does credit mean? What are the terms of the credit? -SST 10th

Last Answer : Credit refers to an agreement in which lender supplies the borrowers with money,goods and services in return for the promise of future payments. Terms of credit includes the following: (i) ... of the principal. In addition to this lenders may demand collateral (security) against the loans.

What are the terms of student loan forgiveness?

Description : What are the terms of student loan forgiveness?

Last Answer : There are multiple ways to qualify for student loan forgiveness depending on the type of loan one has received. Some of the ways to qualify are military service, volunteer work, teaching in ... Loan forgiveness varies for each individual and should be researched based on the type of loan received.

Which of the following will impair the independence of a CPA in public practice? a. He has his name and address listed on a one-page section of the telephone book. b. He obtained a loan from a bank under the normal lending procedures, terms and requirements of that bank. c. He holds one share of the client's capital stock. d. He failed to disclose a client's departure from GAAP.

Description : Which of the following will impair the independence of a CPA in public practice? a. He has his name and address listed on a one-page section of the telephone book. b. He obtained a loan from a bank ... one share of the client's capital stock. d. He failed to disclose a client's departure from GAAP.

Last Answer : He holds one share of the client's capital stock.

Where can I get a loan or credit card?

Description : Where can I get a loan or credit card?

Last Answer : If you have a good credit history,you should be able to qualify for a personal loan at your bank.

Should I take out a student loan from a bank or credit union?

Description : Should I take out a student loan from a bank or credit union?

Last Answer : Check with your school for a federally insured student loan. Then you’ll know.

Will the USDA report to the credit companies that my home loan was paid?

Description : Will the USDA report to the credit companies that my home loan was paid?

Last Answer : answer:@Dutchess_III If you reported under chapter 7/13, reporting regulations change when debt is discharged via bankruptcy. The fact that you paid off the loan will unfortunately not reflect on your credit rating moving forward. Here is a quick link with more info.

Will I get an auto loan with a credit score of 662?

Description : Will I get an auto loan with a credit score of 662?

Last Answer : answer:Yes, you will. But a 662 will probably get you a less attractive rate than if you had a 750, because you will be perceived (right or wrong) as more of a credit risk. The amount they give you will ... income, and the age and condition of the car. There's no way for us to know either of those.

How can I get a student loan, in Alberta, with a 725 credit score?

Description : How can I get a student loan, in Alberta, with a 725 credit score?

Last Answer : Contact a branch of ATB Financial and ask a credit officer.

If your student loan has been placed on a conditional discharge can it be removed from a credit report?

Description : If your student loan has been placed on a conditional discharge can it be removed from a credit report?

Last Answer : I would not think so. I believe you would need the discharge documents to submit to the bureaus.

If you have a loan or credit card balance, and you pay over the minimum due, whatever you pay over goes directly to the principal, right?

Description : If you have a loan or credit card balance, and you pay over the minimum due, whatever you pay over goes directly to the principal, right?

Last Answer : answer:The longer you have the debt the more interest you pay as each month more interest is added. If you only pay the minimum you will have the debt for much longer and you will pay more interest. The ... . Even I you pay the loan of early you will stay pay the interest for the full loan period.

When I compare my school loan statements and my credit card statement and my car loan it appears to me that school loans operate like credit card debt?

Description : When I compare my school loan statements and my credit card statement and my car loan it appears to me that school loans operate like credit card debt?

Last Answer : My loans were like a car payment, if I remember correctly. But have you ever deferred any of your loans or ever had them in forbearance? Depending on the type of loans you have, that would effect the total amount ... to pay them off. Ugh! Can't tell you how glad I am that that's over and done with.

A student loan without a cosigner or credit?

Description : A student loan without a cosigner or credit?

Last Answer : answer:Doubtful in the current economic climate, and even if they would you don't want it at a high interest rate (your education is no good if you're paying an extra few hundred thousand dollars ... ask?). Government loans are likely the only type you'll be capable of getting without a cosigner.

How do I legally get out from under an upside down car loan without wrecking my credit?

Description : How do I legally get out from under an upside down car loan without wrecking my credit?

Last Answer : One way I have heard of is to get the dealer to take the car in trade in and add the current loan on the back of a new loan. Longer payments, but lower amounts and most likely lower interest.

How can there be enough money to pay for credit default insurance if the general rate of interest is too low to cover the risk of the loan?

Description : How can there be enough money to pay for credit default insurance if the general rate of interest is too low to cover the risk of the loan?

Last Answer : It has to do with fractional reserve banking and the extensive money (whatever that is) which is created by selling debt. Debt multiplies money held in reserves. The actual worthless paper dollars ... but I imagine their debt is insured by the same companies as the bank. Companies like AIG.

Where can I get a loan to purchase a business, even though I have bad credit at the moment?

Description : Where can I get a loan to purchase a business, even though I have bad credit at the moment?

Last Answer : Even small businesses with great credit and history of success are finding it hard to get a loan right now. I would be surprised if you can get the loan. And if the seller has any sense, s/he will put ... down payment cannot be borrowed. I hate to be so negative, but that's the facts as I see them.

If you have bad credit what are ways to get a loan?

Description : If you have bad credit what are ways to get a loan?

Last Answer : Prosper peer-to-peer lending is a great way to get a loan if you can’t get one from a bank (or even if you can).

If I consolidated all my debt, would I have a good chance of getting a credit card or loan with a decent cedit line? How long does it take to consolidate debt?

Description : If I consolidated all my debt, would I have a good chance of getting a credit card or loan with a decent cedit line? How long does it take to consolidate debt?

Last Answer : answer:Your eligibility for a credit card or loan with a decent amount of credit would depend on your credit report and credit history. Lots of open credit accounts, late payments, and number ... the lender you are looking to consolidate with. Both will look into your credit report for information.

How can you refinace your car loan, which is at 10%. When you have a credit score under 690, and your bank already told you no?

Description : How can you refinace your car loan, which is at 10%. When you have a credit score under 690, and your bank already told you no?

Last Answer : Do you have a credit union? If you have automatic payroll withdrawal, maybe. For a bad credit score, 10% is not a bad rate.

Jocelyn takes home 2600 per month from her job as a paralegal if you’re only debt obligation or a car loan payment of 480 and a credit card payment of 80 every month is she in danger of credit overload?

Description : Jocelyn takes home 2600 per month from her job as a paralegal if you’re only debt obligation or a car loan payment of 480 and a credit card payment of 80 every month is she in danger of credit overload?

Last Answer : Yes, because the sum of $480 and $80 is greater than $520.2600x20%= 520

where to get loan even with bad credit?

Description : where to get loan even with bad credit?

Last Answer : go to yazing. com/deals/badcreditloans/gman22912 for your best loans and offers (remove the space in between . and c )

Does a bounced cheque affect your credit score, even if no loan payment is involved?

Description : Does a bounced cheque affect your credit score, even if no loan payment is involved?

Last Answer : Bounced cheque doesn't affect the credit score until the payment is related to a loan transaction.Banks doesn't report transactions to credit bureaus. but remember that when you take a loan in ... transactions.but if the same problem persists then bank could deny the loan. hope this helps

Can you get a personal loan for $,2000 with bad credit?

Description : Can you get a personal loan for $,2000 with bad credit?

Last Answer : It depends on few things: - how bad? - when did this bad happen? - do you have income? - is your income steady? If you have a low income or dont have a permanent job You wont ... Amazon or promoting some stores at facebook or instagram. I`ve read it is very profitable nowadays There some chances

Can I apply for a car loan with a credit score of 593?

Description : Can I apply for a car loan with a credit score of 593?

Last Answer : This is a very poor credit score. You can apply but it isunlikely you will get a loan without a cosigner. If you are able toget a loan without a cosigner your interest rate will be very highas compare to someone with a good credit score of over 700.

How might your credit score impact your loan intrest?

Description : How might your credit score impact your loan intrest?

Last Answer : What is the answer ?

Loan & Credit Line Payments?

Description : Loan & Credit Line Payments?

Last Answer : Loan & Credit Line PaymentsThis calculator helps determine your loan or line payment. For aloan payment, select fixed-term loan. For a credit line payment,you can choose 2%, 1.5% or 1.0% of the outstanding balance orinterest only.

I need to get my first loan, what can I do to to help build credit history?

Description : I need to get my first loan, what can I do to to help build credit history?

Last Answer : Building a credit history requires taking out credit to get a history going. Open a no-annual-fee credit card and make sure to charge to it every month. Also, make sure to pay it off in full each month to build a positive credit history.

What type of a credit rating will I need to get a standard bank loan?

Description : What type of a credit rating will I need to get a standard bank loan?

Last Answer : You need to have a score over 700 to get a standard loan like for a car or house. You might ned less for a small personal loan.