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Category Archives: Borrowing and Lending

How To Borrow $5000 When Collecting SSI or SSDI

The latest applicant lives in Henderson Nevada, does not have a job due to his disability and receives SSI benefits on a monthly basis.  As a result he is under a number of restrictions with regards to how much money he can earn as well as how much he has in terms of overall assets.  […]

Understanding the Centralized Application Process

Not too many years ago an appointment with the branch manager would be needed to discuss your loan. You’d sit down and explain your situation. The manager (hopefully you want them to be an ally) would consider your request, complete a few documents and you would often have the funds in your account before you […]

Prosper Private Lending Website

Prosper.com is really the newest lending model to come along due to the Internet. What happens is borrowers login to Prosper.com and post the amount of money they need.

Informal Lending Agreements Between Friends

I have personally been involved on the lending end of informal agreements with my friends and family members, and I don’t recommend it to anyone. I’ve had to swallow my anger and resentment or face the prospect of breaking up the family over a measly $10,000. It’s best not to lend money or borrow money […]

Borrowing From Family and Friends

Nobody on God’s green earth is too old for a quick loan from a family member. Although these are the trickiest of loans, and it pays to think long and hard before you borrow money from family and friends, it is definitely an option to consider.

“Neither a Lender Nor or a Borrower Be” – Pss….Can I Pawn This Quill Pen?

Shakespeare may have had a point when he wrote “neither a lender nor or a borrower be.” His observation, however, does not fit with many contemporary Americans who live off borrowed money. Borrowing cash may in fact be the most popular and prevalent strategy used for raising money.

Be Careful Co-Signing Loans For Friends and Family Members

If you are considering being a co-signer on a friend or family member’s loan application be careful. In these time of economic turmoil it is far to easy to get your credit rating damaged when other people borrow money. Here is a good tip from Bankrate that I saw recently on their site: I am […]