Sentences with phrase «secured against any asset»

Pro: Since the loan is secured against an asset, no credit check is required and the credit agencies are not informed about the transaction.

Turning to the wider issue of the loan itself, the chancellor insisted the money had been secured against assets held by Northern Rock.

On the whole, university loans are of a traditional mortgage nature, with funds secured against assets although there have been instances of more complex arrangements including debentures and securitisation of residential income streams.

The problem with this strategy, though convincing in theory, is that there is little incentive for the heads to do so on the current model, which provides inadequate capital for the development of such arrangements, and constrains these trusts in important ways from attracting and deploying the resources necessary for sustainable school improvement, such as constraints on the pooling of General Annual Grant funding, accumulation of surpluses, borrowing (whether secured against assets or on funding agreements), deployment of capital, and acquisition and disposal of fixed assets — all inhibit chains from deploying resources where they are needed most.

Most banks won't release finances without securing it against an asset.

Loans without security do generally incur a higher rate of interest than those secured against an asset.

Personal loans are loans that a bank or other lender makes that are not secured against any asset such as your home.

The investor borrows money from a broker, with the loan being secured against the assets purchased.

This means a cash loan is not secured against any assets.

Credit card debt is an unsecured debt (unsecured means it's not secured against an asset such as a car or a house) just like a personal loan or a store card.

This is also beneficial for you as more often than not, borrowing secured against an asset, such as your home, has a lower rate of interest than unsecured loans and credit cards.

If you fall behind on your repayments and your loan is secured against an asset, such as a car or boat, your credit provider may repossess the asset and sell it to get their money back.

Some lenders may require additional assurance, either by requesting that a loan is secured against your assets, or that you arrange a co-signatory to the loan.

A secured loan is money you borrow that is secured against an asset you own.

3.1 We will undertake a comprehensive review your current financial situation, including an analysis of your income (all the money that comes into your household), your essential and priority expenditure (things like rent or mortgage, gas, electricity, food, transport to work and any repayments towards loans that secured against an asset such as your home), unsecured debts (such as credit cards, overdrafts and personal loans) and assets (things you own that have a saleable value, such as property and cars).

Lenders might also request that loans are secured against your assets; consider whether this option is appropriate to your individual circumstances, and the potential impact that repossession of assets might have.

A personal loan is a type of unsecured loan, which means the debt isn't secured against any asset.

If this is the case, your financial institution may be willing to lend you the extra cash needed for your down payment, while securing it against your assets.

Not exact matches

If nobody will lend to you, securing loan against your business assets can be a great option.

If you have some assets, you might consider borrowing against them with a secured loan to consolidate your debts.

When you are approved for secured financing, a lender will file a UCC - 1 financing statement with the secretary of state (SOS), creating a lien against the asset (s) in particular (unless the lender files a blanket lien naming all assets) that's being used by the borrower to secure the financing.

The vast majority of lenders, including the big banks, tend to secure loans against an asset.

Debt consolidation can simply be from a number of unsecured loans into another unsecured loan, but more often it involves a secured loan against an asset that serves as collateral, most commonly a house.

All funds on the platform are secured by multi-signature wallets, as well as having all cryptocurrency assets insured against potential cyberattacks.

My opinion is that nothing will change with a new manager, Silent Stan will still want to make profit to increase his wealth and as such allow him to buy more by securing loans against his assets.

The credit facility is secured against Premier League revenues firstly, and then other assets of the club.

The Government secures the repayment against the future central government funding of the council, not the actual asset that the council is acquiring (usually a large commercial property).

By Paul Nicholson March 4 — The five - year long New York court case following the sale of Liverpool Football Club to Fenway Sports Group revealed this week former owner George Gillett Jr is still paying # 125,000 a month in debt repayments for a loan secured against the club, and that the new owners felt that due to the aging playing squad the # 295 million price was in fact an overpayment for the asset.

«Against the background of repeated failures to get to grips with asset tracking and allied information systems for logistics, it is vital that the MoD sustains its programme in order to secure value for money.»

The government secured an injunction against the strike at midday, warning the POA its assets could be seized and members arrested if they did not go back to work.

Those that benefit most are tenants, who often have insufficient assets, as well as a poor credit history, working against them, making the chances of securing mortgage approval smaller.

When there is a secured debt against your asset, the equity is the value of the asset after your unpaid debt amount is deducted.

The old rule of Walter Bagehot was for the central bank to unlimitedly lend against secure assets at a penalty rate in a crisis.

When the CRA registers a lien against a home they're «securing an interest» in an asset.

This means that if the borrower defaults, they could lose their home or the value of the assets secured against the loan.

Your home is your largest asset, and you may choose borrow against it one or two ways: to secure a home equity loan in a lump sum or as a home equity line of credit (HELOC) to draw from as you need it.

Many people find this type of lending to be an easy way to borrow money without having to secure a loan against an asset like a property or a vehicle.

A secured loan is one in which you borrow against an asset you own such as a home, car, savings accounts or stocks.

The consolidation loan is generally secured against the borrower's assets such as a home or a car.

Most potential bankrupts who own a home or have a car owe money to a secured lender against those assets.

The difference here is that the «peers» are businesses rather than individuals and hence many of the loans are secured against the directors» assets.

A debt consolidation company will usually look to secure larger loans against an asset such as your home (the interest payable on an unsecured loan will be much higher), which means that it will be at risk if you do not keep up with repayments.

This can either be through secured borrowing against an asset, such as a property, or through further unsecured borrowing (which tends to be more expensive given that the lender has no security).

UCC Filing: A Uniform Commercial Code - 1 (UCC) filing is a legal form that your creditor may fill out to create a lien against assets that are being used to secure a loan.

Loans secured against personal assets, such as a 401k account retirement or other liquid asset are not considered in the debt ratio.

Because a consolidation loan involves taking out one new loan to pay off your current loans, your new consolidation loan may be secured against your home or other assets, so you may have to pay application fees, legal fees, valuation and stamp duty.

When you are approved for secured financing, a lender will file a UCC - 1 financing statement with the secretary of state (SOS), creating a lien against the asset (s) in particular (unless the lender files a blanket lien naming all assets) that's being used by the borrower to secure the financing.

It may be necessary to secure the loan against your valuable assets; if this is the case, careful consideration must be given to whether the risk is acceptable in your circumstances.

Some lenders require you to secure your loan against assets, which may include your home.

Are you looking to secure your loan against your vehicle, RV, boat, trailer or other assets?