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Why do you take loans?

Anonymous

∙ 9y ago

Updated: 9/11/2023

Personal loans are for short-term (debt/bills) and long-term (mortage) solutions for financial difficulties. A business loan is essential for funding and helps with the cash flow--you don't want to risk your personal assets when running your business.

Wiki User

∙ 9y ago

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Continue Learning about Finance

Can you take loans from an IRA?

No, you cannot take loans from an IRA.

Can you take loans from an IRA account?

No, you cannot take loans from an IRA account.

How many student loans can you take out?

You can take out varying amount of loans and amounts. The factors this is based on are undergraduate or graduate, independent or dependent. For an undergraduate, federal loans totaling 23,000 is the limit. You can take out private loans as well.

Can you take out multiple loans?

you can but at your own debt.my versionYes it is legal and possible to take out multiple loans. The thing is that you need to report all your loans each time you take another or it is fraud and illegal.

What types of loans does Newbridge Loans offer?

New bridge offer several types of home loans and also several kinds of personal lending like simple interest loans, lot loans and auto loans. One can also take a personal loan to buy a boat or take a vacation or plan for education.

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Related Questions

Can you take loans from an IRA?

No, you cannot take loans from an IRA.

Can you take loans from an IRA account?

No, you cannot take loans from an IRA account.

How many student loans can you take out?

You can take out varying amount of loans and amounts. The factors this is based on are undergraduate or graduate, independent or dependent. For an undergraduate, federal loans totaling 23,000 is the limit. You can take out private loans as well.

Can you take out multiple loans?

you can but at your own debt.my versionYes it is legal and possible to take out multiple loans. The thing is that you need to report all your loans each time you take another or it is fraud and illegal.

What types of loans does Newbridge Loans offer?

New bridge offer several types of home loans and also several kinds of personal lending like simple interest loans, lot loans and auto loans. One can also take a personal loan to buy a boat or take a vacation or plan for education.

I owe about 7000 in student loans which I am paying on can I go back to school and get more student loans?

Yes, you can take out additional loans as long as you are not in Default on the current loans.

Why do people take loans and where do they get loans?

People take out loans for several different reasons but the main thing is that they need money to pay for things. You can get loans from several places. For example, banks, credit unions and other financial institutions like that offer loans. Also, if you are in the military you have many other options. Omni Financial offers loans strictly to military personnel. You can find more about these loans and other loans from the internet.

What is a bank loan officer?

an officer who watches how much you take out in loans and what you still owe in loans.

Is a wife responsible for a husband's student loans in a divorce in PA?

no she cant be because she did not take out the loans out

What does it take to get a consolidation of a person's loans?

Consolidation of loans is an easy way to reduce payments into a more manageable size. There are agencies available that can arrange for these loans to be taken out.

Take Out Subsidized Federal Student Loans?

When taking out federal student loans, try to take out the maximum amount of subsidized loans possible. Subsidized loans carry a lower interest rate than non-subsidized loans. You can end up saving a lot of money in interest fees by taking out subsidized loans. You should always try to qualify for as much subsidized loan money as possible.

Who is responsible for a deceased parent's bank loans?

The parent's estate is responsible for the loans. If there are no cash assets to pay the loans the lenders will take the property such as real estate or a vehicle.

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