Home Equity Line Of Credit

Q: What is the meaning of HELOC(Home Equity Line Of Credit)? What are its pros and cons?

A: Some banks and financial institutions give you loan based on market value of home and other residential properties(mortgage) own by you. The benefit is usually the interest rate is less than the personal loans. The negative factor can be you can lose the property(home) if you failed to pay the principal and the credit in time. Some people use it to pay their credit cards bills and other loans which are taken at high interest rates. But be careful to read the fine print and all other conditions.


Q: Am i able to get a home equity loan when if have bad line of credit or say FICO score?

A: As you have bad Fico score, then the amount of your loan can be varied. Talk to the loan officer about the matter. The HELOC also depends upon the area or state of your residence.


Q: What is the rate of interest followed by the heloc?

A: The HELOC has its interest rates varied depending upon the credit score and some other factors. It usually varies from one to three percent more than the latest fixed rates.

University of Florida - FAQ

Q: How to get the brochure or prospectus of University of Florida?
A: Visit the university website and download it from there. Or Write to university Administration office and get the brochure by post or collect it directly from the university.

Q: How you will rate FIU(Florida international university), Miami, Florida, USA?
A: It's a great university especially if you are looking to go for research.

Q: Where are the campus locations of University of Florida?
A: University of Florida has a huge campus of about 2000 acres of land. This campus has above 800 buildings including classrooms and laboratories. For getting more information about the campus of UF visit the university website and see the location on the map.

Q: Can someone tell me about the pharmacy program in the University of Florida?
A: The UF has the best pharmacy program for the students future. UF also has the rights of hospital in the campus. The admission in the pharmacy program has only limited number of seats.

Payday Cash Loan

1)How to get an emergency payday cash loan?

For applying for the cash loan you must have at least 3 months of employment stability and a bank account for direct deposit. Remember these payday or cash loan companies charge much higher interest rates and are useful for only the short term i.e. just for two or three weeks. So, try for the one reputed company and ask them to deal with. Remember to read the fine print carefully at first. Better will be lend some money from your family member or a friend.

2)How to find a good website for applying for the cash loan online?

Search on the web. There will be a list of such sites that offer payday cash loans. Read their terms and conditions carefully and then apply for the loan.

3)Can i apply for the cash loan with bad credit?

Yuh, but it will charge you much more interest rates. Better will be build up your credit at first and apply for the loan from your bank in which you have your checking account.

4)What is the meaning of no faxing payday loans?

Some payday loan companies offers loans to their customers without the need of any documents, or faxing, or say waiting in queues. This process of getting loan without any paperwork is known as no faxing payday loan.

Payday Advance

1)What is the main difference between the loan and the payday advance loan?

Normally loans are for long duration and are given against any mortgage and can be paid back in a long interval of time and are cheaper. But the payday advance are for the short duration until your next salary is due. And for long interval they will charge high interest rates.

2)What happens when someone got unable in paying the payday advance loan?

The payday loan company gives the loan against a post dated check. When the check will bounce and they came to know that there is not enough money in the account then they will claim you in the case of fraud. And you will have to pay more and more or you had to go to imprisonment.

3)Is it necessary to pay back all the payment at once after getting a payday advance loan?

Nop, it's not necessary. But better will be to pay it back until your next payday else you will have to pay more and more interest each time and it will prove hard to you.

4)Is it possible to get a payday advance loan in case you have no bank account?

The payday advance loan companies give you cash against a check you had given to them. You have to submit your address proof and employment details. But these companies will charge you high interest rates for this. So, better will be open the bank savings or checking account at first and then go for it.

About Payday Loan

1)What is the meaning of payday loan?

Payday loan is a short term loan that lend money to the borrower until the next payday. This loan is also known as payday advance or paycheck advance. These payday loan companies gives you only two weeks for payback time for the small amount of money within range $100- $1000. But for the higher amount they will give you up to a year with high interest rate of about 350% to 900% annually. payday loans also offer cash advance that means the cash provided to you against your line of credit or say credit card.

2)What do i do when i lost my all the checks and the information of the payday loan company and i have to close the old account and open the new one? Will they contact me or not?

You must contact your old bank and try to know about which company and place you had done the payments before. Save all the copies that you had send and received to show to the lender. The payday loan company will only contact you after your due date of payment has passed and they will charge you late fee.

3)If i open a joint checking account in the bank and apply for the loan in the name of my partner and pay the check for the loan in my name then will i be responsible for all the transactions that i had made for the payday loan?

In whoever name the loan paper was signed the responsibility lies with him. But to be sure call customer care or help desk of your bank and confirm the payday loan details.

4)I had taken a payday loan but i had no contact information of them. They are withdrawing from my bank account even after my loan payment has paid? What do i do?

Contact your bank and ask them to stop all the transactions made by that payday loan company. Call the loan company after getting their contact number from their website.

Payday Loan Online

1) How can i qualify for payday loan online?

Payday loan online has very high interest rates. I suggest you not to deal with it until you know what you are doing. Try the personal bank loans or the refinance car loans.

2)How safe is it to apply for the payday loans online?

To apply for the payday loan online you have to give your social security number(SSN), checking account number, copy of your bank statement, and some other paperwork. Then the loan payment is automatically deposited to your bank account and the loan payment and other charges will be withdrawn from your account at the next payday. Apply for this payday loan only if you are sure that you will pay for it in full until your next payday.

3)From where i can get online payday loan?

There are lots of companies offering you online payday loans. Be sure that they have high interest rates up to 20% to 30% per hundred. But the local retailers will charge you only 15% per hundred. Firstly compare the interest rates of various online payday companies. Deal with these online payday companies only if you have an emergency else it will pay hard to you.

4)After getting an online payday loan, how long i have to pay back for it?

Most of the online payday loan companies gives you only two weeks for the payback payment of small money with high interest rates. But for large amounts they will give you 6 months or an year with 300+% annual interest. Better option is to pay back all the amount of money until next payday.