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Archive for the ‘Loans’ Category

How do I sell my boat when I’m upside down on the loan?

KC asks:
I would like to sell my boat, but I owe more than what it’s worth. Can I still sell the boat? Will my bank let me sell the boat? How do I go about selling the boat? I don’t have to sell it, but it would just be one less payment I have to worry about.... read more

Boat Loan & Chapter 13 bankruptcy?

WT asks:
Can a boat loan be ‘crammed’ down in a chapter 13 bankruptcy? Boat was purchased back in 2005.... read more

What percentage of a home loan do you need as a deposit?

A web user asks, I am aware that some banks offer 100% loans, Im just wondering what percentage of the total amount do most banks require as a deposit?... read more

Q&A: I purchased a boat with boyfriend who agreed to pay loan.?

nancy asks:
The boat is paid for because I took a personal loan. We have not picked up boat because it was too cold to take out and test on lake… now things are not working with us… and my question is can I cancel the boat even if it’s paid for and get a refund?? We have not tested it, but paid for a couple of months ago. Any information is greatly appreciated.
The boat was purchased thru a boat dealer and it’s under both names.... read more

Is it better to get investors or just a bussiness bank loan to start a small retail bussiness?

kitiok9431 asks:
This is a small retail juniors/womens trendy fashion store. Something like forever 21. I need to know if a bank will loan me 100-200 thousand to start, or is it better to get an investor and pay them back and give them some of the profit as well?... read more