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Can I use this to pay a private seller?Ĭredit union auto loan for private seller?
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I was approved but everything on the website was talking about it being used at a dealership. I recently applied for a auto loan through my credit union. Any suggestions whether it be Citi or another bank?Ĭan I use a auto loan for a private seller? I need one high limit credit card because my highest limit right now is 1300. Is a Citibank credit card a good card to have? If so are there any good college cards with a high limit? I have 720+ across the 3 bureaus and never missed a payment as well as low balances. Which commercial aired first for the singing group? If I stop paying him, can I be taken to court? I never signed anything and I never even talked to the guy, EVER."
Personal loan forgiven journaly entry full#
Now this guy wants me to give him $400 every two weeks (for absolutely no reason) which I can't afford and he says now my full pqyment will be $2100. $60 were added every time I missed a payment. And that I would pay back $1800, $300 was the price for the loan.
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The terms which my uncle explained to me on behalf of his loan shark were that I would pay hime $200 every two weeks (friday). I have an uncle who knows a loan shark, once I turned 18 I asked my uncle to ask his loan shark if he can loan me $1500 to have enough for a down payment on a car. I just got a credit card in november 2007 paid on time since just got auto loan in december 2007 paid on time i know it haven't been long since but wondering when to expect change in my current score trying to build credit up one is 639 the other too is zero i'm just learning about credit and i take it very seriously wish i would have knew then what i know now about it it's your life.Ĭan a loan shark take me to court for not paying? How long does it take for your credit score to change after getting a auto loan and paying on time? Repayment of loan from a business partner after April 5th? Would it count as two or three months? Thank you in advance!ĪNSWER: For Credit and finance solutions I recommend this site where you can find all the solutions. Also, this is an entry on Dec 31, so its technically one day before three months. If it says a 10% interest rate and does not specify the period does that mean that it is a yearly rate? Since the note is for six months, do I have to half the amount? I got the number from: $22,000 x 10% x 0.5 x (3/5) = 660. Would the entry be DR Interest expense 660 CR Interest payable 660 I know the accounts are correct, but I'm not sure at all about the amounts. The bank loan is $22000, and this is an adjusting entry for the interest on December 31, 2008. The interest rate on the loan is 10%, but the interest is not due to be paid until the note is repaid on March 1, 2009. The bank loan was a six-month loan taken out on October 1, 2008. Accounting - Bank loan interest journal entry?