For starters, a mortgage broker
acts as your personal loan concierge and does all the work for you.
It is a 2 - in - 1 package which
acts as a personal loan and also as a regular credit card.
Not exact matches
Remember, the Fair Debt Collection Practices
Act protects your rights
as a consumer for debts related to
personal loans, household and credit card debt, auto
loans and Mortgage debt.
These
loans will generally
act in the same way
as a
personal loan — you will make fixed monthly payments over the course of several years.
Another unique feature we saw is that PenFed allows borrowers to buy Debt Protection on qualifying PenFed installment
loans — including
personal loans and
personal lines of credit — which effectively
acts as insurance for the borrower.
Default notices only apply to debts which are regulated by the Consumer Credit
Act, such
as credit and store cards, payday
loans,
personal loans and hire purchase.
Because of this, credit builder
loans act as sound
personal investments that burnish your credit score in the bargain.
Prior to the tax reform
act of 1986, all interest payments were tax deductible including credit cards, car
loans,
personal loans as well
as mortgage
loans.
It should, however, be noted that the principal amount repaid on the
personal loan can not be claimed
as deduction under Section 80C of Income - Tax
Act, unless the
loan was taken from a bank or other prescribed lenders.
Another income tax statute in 1894 was overturned in Pollock v. Farmers»
Loan & Trust Co. in 1895, where the Supreme Court held that income taxes on income from property, such
as rent income, interest income, and dividend income (however excepting income taxes on income from «occupations and labor» if only for the reason of not having been challenged in the case, «We have considered the
act only in respect of the tax on income derived from real estate, and from invested
personal property») were to be treated
as direct taxes.
If your business must get a
personal or small business
loan, banks will often require a life insurance policy to be in place to
act as collateral for the business
loan.
Also, it
acts as a protection against
loan / liabilities for the desired
loan tenure, which is ideal in case you have home or vehicle or
personal loans.
You will have a dedicated account executive to
act as your
personal guide through the
loan process.