Archive for the ‘Personal Finance’ Category

How can I get a personal loan or someone to invest in my start-up business overseas?

seane.beard asked: I am currently in the military and I get out in the middle of December. I am currently in the middle of starting up a Day Spa (Beauty Spa) for females (in Bahrain) and I have already invested about 85K in loans into the business. I have nearly excellent credit (which [...]

Getting a bank loan for final expenses?

Jaide112 asked: My mother is in the final stage of life, and I was thinking of getting a bank loan to cover the cost of her funeral. Should I tell the bank what the loan will be used for or tell them something else? Will using the money for a funeral hurt my [...]

Where Can I go online to apply for a unsecured business loan with out leaving my office?

freddie f asked: Where Can I go online to apply for a unsecured business loan or personal loan with out leaving my office or home.

can u get a small business loan if you claimed bankruptcy before?

RisingStar asked: i want to try to get a small business loan soon but i have declared bankruptcy (chapter 13) a couple of weeks ago. i make a monthly payment, pay on time, and now i need a business loan to start a new business. would i get rejection because of the bankruptcy?
if so, where [...]

How to write a job confirmation letter to bank loan department?

ichidi asked: Need to confirm the position before get loan to buy a car.

Is there laws capping bank loan intrest rates?

gapeachstucknbamaland asked: I was approved for a personal unsecured loan with my bank for $5000 for 60 mths at 162.00 a month. After doing the math I would be paying $4900.00 extra for interest. Which is like 32% interest. Is that illegal if not it should be.
No, I called that bank back to ask the [...]

Can I pay off a home equity loan with my credit card ( lower interest rates!)+ how do I do it?

C J asked: I have an offer from a credit card co with a low interest rate, 2% lower than my home equity loan interest. I would love to get rid of the horrible 8.75% home loan interest on $12,000. What to do?

How long do you have to wait for a home equity loan?

*Rock*Girl* asked: How long after purchasing a home do you have to wait to take out a home equity loan? Do you have to re-close? Are there loan you can take out beside equity if you own a home?

When getting a home equity loan does the bank or credit union do an appraisal on your property?

z400wood asked: When getting a home equity loan does the bank or credit union do an appraisal on your property?

September 28, 2008 • Tags:  • Posted in: Personal Finance • 6 Comments

My parents are taking out a home equity loan to lend me money to start a business, does anyone get taxed?

Felt B. asked: I’m looking to open a shop and my parents offered to lend me some money to help out. They are taking out a home equity loan to lend me about $35,000 to $55,000. I agreed to pay them back. Because they are taking out a loan do they have [...]