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What is RC loan?

Updated: 9/17/2023

Wiki User

∙ 9y ago

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RC loan refers to Revolving Credit Loan. Revolving Credit is a line of credit, which maybe used whenever a company needs funds. Usually, such credit doesn't have fixed number of payments.

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∙ 9y ago

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What is uncollateralized loan?

a loan not backed by a co-signer who agrees to cover the amount of the loan a person loan without assets to cover the loan amount a home equity loan a loan tkaen on a life insurance policy

Does a spouse need to sign a loan modification if separated in GA?

If responsible for the loan- yes.If responsible for the loan- yes.If responsible for the loan- yes.If responsible for the loan- yes.

Is a home improvement loan a recourse loan?

no. why would it be a recourse loan

What is loan default?

If you don't pay a loan when due, you default on the loan.

What is a fully disbursed loan?

Disbursed loan mean unsettled loan...........

Related questions

What is the different between a parent loan and a student loan?

Parent Loan: A parent is getting the loan Student loan: A student is getting the loan

How long after the borrowers death is the co signer liable on a loan?

Until the loan is paid.Until the loan is paid.Until the loan is paid.Until the loan is paid.

What Is The Part Of Speech For Loan?

A loan is a noun ex: The loan from the bank was helpful. To loan is a verb: I had to loan my phone charger to a friend.

What is uncollateralized loan?

a loan not backed by a co-signer who agrees to cover the amount of the loan a person loan without assets to cover the loan amount a home equity loan a loan tkaen on a life insurance policy

Can you change your loan from a hard money loan back to a convetional loan?

refinance the hard money loan back to a conventional bank loan

When a auto loan personal loan and credit card loan are combined what is it called?

That is called a ACP Loan

Does a spouse need to sign a loan modification if separated in GA?

If responsible for the loan- yes.If responsible for the loan- yes.If responsible for the loan- yes.If responsible for the loan- yes.

How does the auto loan calculator work?

An auto loan calculator factors in the interest rate of the loan, the loan amount, and length of time for the auto loan. This information givens you the monthly payment as well as loan balance for that particular loan plus the total you will pay over the life of that loan.

Is a home improvement loan a recourse loan?

no. why would it be a recourse loan

What is loan default?

If you don't pay a loan when due, you default on the loan.

Which loan is better Personal or Home loan?

home loan

What is a fully disbursed loan?

Disbursed loan mean unsettled loan...........

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