## Posts Tagged ‘loans’

### money supply multiplier method?

Tuesday, November 22nd, 2011

Suppose we have an economy with the amounts "money in circulation = ,000" "money in checkable deposits = 00"
Let’s assume the balance sheet of Bank A is as follows
Assets: Reserve = 00. Loans = 00
Liabilities: Checkable Deposit = 00 Net Worth = 00

Let’s assume that consumers wanted to withdraw 0 from their Checkable Deposits so they keep this money in forms of cash in circulation.
What is M1(money supply) when we look at the effect of this action. What is the amount of cash in circulation and the amount of checkable deposits?

I’m not sure how to setup my multiplier method model and what is the rrr?
yeah I go to sbu
too lazy to go to the library now, but do you know what to do? In my notes it tells me the ratio, but I’m not sure what to do here. In the examples, it’s loans + reserves = CD but in this question its telling me the loans are 00 when the CD is 00 which leaves me confused

### Why do people choose to live week to week instead of planning for their future?

Saturday, November 5th, 2011

I’ve always taken a portion of my pay and put it in a savings account. For example when I was in my 20′s I was making about 0/week, my bills were about ,200/month. Every month I would bank about 0. After a few years I had k in the bank and a new k sports car. All my friends were broke all the time no matter how much money they made.

Also 3 women I dated (long term relationships) would buy everything on credit to the point where they were paying about 00/month in credit cards, and loans, leaving them broke (they kept borrowing money from me). All of these women were professionals, two with college degrees, also two who worked in accounting. I just don’t understand why people can’t grasp the concept of sacrifice now, and be rewarded later. I also worked with two guys who would borrow from 4 or 5 co-workers and pay them back on payday every week.

I also have two kids in their 20′s that live week to week, both make between 0-600/week but tell me they’ll pay me next month for their car insurance and cell phones. I don’t charge them rent and all I ask for is 0/month. They pay about half the time and the rest of the time they promise to pay me back next month. This has gone on for years. So frustrating, I have threatened to shut off their phones which usually gets them to pay for a month or two. I always paid my bills when I was their age plus /week board… are our kids today that spoiled?
Johnny… are you insane!
Bragging????? I was making about average salary… or about the same as most of my friends, the point is I would save about 20% or my salary while they would waste theirs, and every time we would try to plan something like a party, a trip somewhere, or a concert, everyone was broke. It doesn’t make any sense to me. If you make "x" amount of dollars a week/month, how much of it do you want to keep, it’s your money, why throw it away? Just a question. As I said my kids do it too and I can’t convince them to save their money either.

### What do you suggest?

Thursday, November 3rd, 2011

My husband and I are in a financial bind. We need at least 00 very soon to pay bills. Both of us work, but we had an emergency recently that basically took everything we had. Bills are adding up fast and we just don’t have the money to pay them. We are a young couple and don’t have any credit yet, and we keep getting denied for loans. My friend told me about a cash advance or payday loan. Do you think that it’s a good idea and how does it work.

### fha home loan question?

Wednesday, November 2nd, 2011

i was approved for a fha home loan. the realtor said keep about 00.00 in the bank to be on the safe side & dont get any new loans but i only have 0.00 in the bank at this time. i was thinking about getting a payday loan for 0.00 for two weeks just to put in the bank if i do this will they see that loan or did she mean like a new car loan?…..thx
i will have the money for closing she said they will check my bank account soon to see if i have the money
the reason im short or cash rite now is becease she told me to pay off all my credit card debt so i paid it all off t once
the loan amount is only for .000 we had the house inspected already & the seller will pay the closing cost

### Is it possible to get a loan from the bank for a house rent deposit?

Monday, October 31st, 2011

We’re planning to move to a house for rent. The deposit is 00, and there is an application fee of for each person. We don’t really have a 00 at the moment and our current lease expires next month. I am just wondering is it possible to get a small loan from the bank for a 00 or 00 for the deposit? or do banks only give big loans like 00+?

### Rescheduling my loan agreement with my bank but loan agreement says one thing & the loan officer says another?

Tuesday, October 25th, 2011

Had been paying x amount for a couple of years but as money got tighter renegotiated the amount I repay weekly, that was done informally for 1 year and now is being put on a contractual basis. However the loan agreement instead of being repayable over say x number of years is now according to the contract to be repaid at x amount for 12 months and then a big lump sum in 12 months time.

Loan officer who’s very friendly is saying to disregard that, that it just has to worded like that when in fact the 12 month agreement will simply be re-done every 12 months. Issue for me is that I’m actually signed a contract which doesn’t stipulate this, in fact it says the very opposite, that after 12 months the outstanding amount is due to be paid in one installment. Won’t be able to do that should they decide later to enforce the contract despite any verbal assurances they’ve made to me.

It’s an unsecured personal loan in my name (I’m married but the loans in my name) Don’t have any substantial assets such as a house, car etc so nothing can be seized. We’re both mature adult students. Maybe becaue the loan is unsecured nothing could be seized in any case, not sure but that’s not my main concern now anyway. What to do I wonder, sign or make sure the contract reflects what is being informally told to me? Thanks.

### Rescheduling my loan agreement with my bank but loan agreement says one thing & the loan officer says another?

Monday, October 24th, 2011

Had been paying x amount for a couple of years but as money got tighter renegotiated the amount I repay weekly, that was done informally for 1 year and now is being put on a contractual basis. However the loan agreement instead of being repayable over say x number of years is now according to the contract to be repaid at x amount for 12 months and then a big lump sum in 12 months time.

Loan officer who’s very friendly is saying to disregard that, that it just has to worded like that when in fact the 12 month agreement will simply be re-done every 12 months. Issue for me is that I’m actually signed a contract which doesn’t stipulate this, in fact it says the very opposite, that after 12 months the outstanding amount is due to be paid in one installment. Won’t be able to do that should they decide later to enforce the contract despite any verbal assurances they’ve made to me.

It’s an unsecured personal loan in my name (I’m married but the loans in my name) Don’t have any substantial assets such as a house, car etc so nothing can be seized. We’re both mature adult students. Maybe becaue the loan is unsecured nothing could be seized in any case, not sure but that’s not my main concern now anyway. What to do I wonder, sign or make sure the contract reflects what is being informally told to me? Thanks.
Feels like I’m being bounced into signing but don’t think I will unless the contract reflects what I am being told verbally.

### Unsecured loan, interest rate question?

Saturday, October 15th, 2011

I need some clarification of a consumer loan agreement that was offered by my bank to sign. It states that it is 18% per annum in certain sections, but under the truth in lending disclosure section it says the cost the credit will cost me at a yearly rate is 26.345%….Why are these different? As I read through the agreement it stated the 18% was fixed. I see nothing explaining the 26.345%. It is not a big deal since I signed it already and it is only for 500 dollars, but any clarification on this for the future would be helpful as to why there are two different interest rates. Other loans I have taken out have always just mentioned one interest rate in the consuer loan agreement.
i was doing some more research and there was a processing fee for this loan. Would the reason the interest rate under the truth of lending section is higher is because they have to classify and include this in that? So, what I mean is, is the interest rate actually 18 percent, but when you tack on the processing fee the true cost over the life of the loan would actually be 26.345 percent and that why its under the truth in lending section. Do I understand this correctly?

### Has anyone who's gotten Loans for college ever did this?

Monday, October 3rd, 2011

So Im getting grants and loans for school and this is the end of 3rd simester for and my financial aid adviser told me I had 00 left over. She asked if I wanted it sent to me or to give it back to the lender and I choose to give it back to the lend, so I really need the money now because my bills are piling up and my question is it too late to take the 00 back in an emergency case?? Has anyone ever done that?? Help

### i have a credit score of under 550 and i need a short term laon for about 10weeks can anyone tell where to go?

Friday, September 23rd, 2011

i was scammed out of 00 and now we are going to lose our apartment and our car. can anyone tell me where i could get a short term loan that is legit because i out of options. i was denied loans from my bank.cash call,american general and everyone else. please someone give some good advice

### Where can I get financing for my business?

Tuesday, September 13th, 2011

I run a home improvement company out of northeastern PA. It is becoming increasingly harder to make a profit due to the tightening up of GE Money Bank. I cannot get my clients approved for enough money. Does anyone know any other banks offering unsecured/NIV loans?

### How good does your credit score have to be…?

Sunday, September 11th, 2011

to get a ,000 unsecured credit cosolidation loan with a decent interest rate? I dont want to start applying for loans if I dont have a chance.

### With secured creditors being denied preference to unsecured unions how hard will it be for businesses to get ?

Sunday, September 11th, 2011

loans now and who will buy bonds in companies knowing you could be put last in bankruptcy.

### Has anyone done business with 5050 Loan.Com?

Saturday, September 10th, 2011

This company (5050 Loan.Com) sounds too good to be true, but I can not find any "positive" or "negative" feedback on it after doing several Google searches. So I was wondering if anyone has done business with this company? If so, how was your experience?

5050 Loan.Com claims:

No Credit Check – No Collateral Required – No Co-Signer Required

No Bank or Checking Account Required – Garnishment Ok

No Job OK – Stated Income Ok – No W2 or Tax Returns Required

Bad Credit Ok – Repossession Ok – Charge Offs Ok – Bankruptcy Ok

Foreclosure OK – No Credit Ok

Loans up to ,000 – No Upfront Fees

UP to ,000 Unsecured Personal Loan

No Credit Check – Patented Identity Verification Check
Since I am limited to my additional comments here, I have asked a separate set of questions to those of you that have done business with this company, and replied to my original question.

"Part 2: Have you done business with 5050 Loan.Com?"

Thank you very much for those of you that answered to my original posting. I appreciate it very much.

### Has anyone heard of Approval Source lending Group?

Monday, September 5th, 2011

it’s a suppose to get people loans who don’t have not so perfect credit. The catch is that, it’s a secured loan and required a 00.00 down payment first.