| Subject | Date Asked | Expert |
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| Loan to future husband | 7/13/2008 | Finance Guy |
Q: I am in the process of making a 7% loan to my future husband for the purpose of paying off his ...
A: My first question is why? Why are YOU playing banker? A lot of things could happen to your ...
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| sell gas station business | 6/25/2008 | Trish Hullen |
Q: I have a SBA 504 loan for a gas station business and property. I am about to close on the sale the ...
A: John, The loan documents you signed most likely has language that makes it an event of default in ...
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| Payday Loan | 6/23/2008 | Bobbi Buehl |
Q: I live in Ohio and have defaulted on a payday loan. Collectors keep calling me and threatening ...
A: I can't give you legal advise, but I can tell you this. If you defaulted on a payday loan, go to ...
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| Sosigner on loan | 6/17/2008 | Finance Guy |
Q: I own a piece of property with my 2 sisiters. My younger sister and I cosigned a personal loan for ...
A: I am not an attorney, but know of no way that you can remove her without her permission. Keep track ...
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| Get A loan | 6/16/2008 | Finance Guy |
Q: I have a business plan. I just need a large amount to buy equipment. It is well servicing. I need ...
A: Banks, finance companies, leasing companies can all easily finance this amount. The question is ...
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| Audit danger? | 6/15/2008 | Finance Guy |
Q: I heard that the works of an auditor comes with danger including being threaten and even murdered to ...
A: Maybe if you take a job with the Mafia... Perhaps in some very extreme and rare cases, this could ...
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| Auto loan | 6/10/2008 | Finance Guy |
Q: Is it advisable to take a loan from my 401k to buy a used car worth under 10,000$? What other way ...
A: Relatives, friends, neighbors... for a low interest rate car loan. Also, try a credit union. Next ...
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| mortgage payment raise | 6/9/2008 | Bobbi Buehl |
Q: recently my mortgage payment went from roughly $1127 to $1650 after an escrow re-analyzation. the ...
A: Unfortunately, you are going to have to pay the back taxes. What I would suggest is this; take out a ...
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| What would you do? | 6/9/2008 | Finance Guy |
Q: If you were able to go back time, what would you do different, financially and career-wise, that ...
A: A complete answer would require a book... Simply, listen more to the wisdom that my parents tried ...
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| Being a Financial Analyst? | 6/8/2008 | Finance Guy |
Q: How far can a person go in this world by being proficient in financial analysis? I am not but ...
A: Dennis kozlowski, remember him? Chairman and CEO of Tyco, International, a $100 billion market cap ...
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| Interest on Bond | 6/6/2008 | Finance Guy |
Q: How can I check that I am being charged the correct amount of interst on my bond account
A: If you are Canadian, then you can easily verify that the amount deducted from your pay has been ...
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| Accounting fraud? | 6/3/2008 | Finance Guy |
Q: Is there a possibility where a corporate borrower, realizing that banks evaluate it's accounts ...
A: Sure, but it goes deeper than ratios. Corporations have inflated the value of assets, refused to ...
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| Salary woe? | 6/1/2008 | Finance Guy |
Q: Will the salary of a manager/exec involved in marketing/managing/approving loans for project ...
A: Typically, the greater degree of difficulty, the more education required, the larger the dollars ...
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| Standard Loan | 5/31/2008 | Finance Guy |
Q: I'm trying to check something out on my loan. It appears that the loan office has messed up. On ...
A: At 23.46% interest, your first payment of $100.00 should have had $20.12 applied to interest and ...
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| Banker vs Broker? | 5/29/2008 | Finance Guy |
Q: I'm not sure if you know these, but... In terms of income and career advancement, which of these 2 ...
A: Wow... I take it you wouldn't settle for an "it depends" answer, right? First, if you make a ...
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| Rescheduling & Provisioning | 5/28/2008 | Finance Guy |
Q: 1. What's the meaning of rescheduling credit facilities? Can you give me a real-life example? 2. ...
A: "Rescheduling" is simply the alteration of the terms and conditions of a loan agreement by either ...
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| add on interest | 5/26/2008 | Finance Guy |
Q: what is the diffence between the interest mechanics of add on interest and rule 78?
A: Rule of 78ths, is a method of calculating interest that "earns" most of the interest for the lender ...
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| Auto Lease Disposition Fee | 5/21/2008 | Finance Guy |
Q: Are companies permitted to charge sales tax on auto lease disposition fees? If so, any idea where I ...
A: for more see: http://www.leaseguide.com/lease09.htm Lease Fees and Taxes In car leasing, as in ...
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| pay off co-owners of land | 5/16/2008 | Finance Guy |
Q: I am a co-owner of 1 acre of land with two siblings. They want to sell now, I don't. I want to own ...
A: 1 acre for $90K? Sounds high in this kind of market. How much money do you have to put down? ...
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| bank on yourself-? | 5/15/2008 | Finance Guy |
Q: Recently I've heard alot about a strategy known as "banking on yourself", and in doing a brief ...
A: Bank On Yourself OK, what is up with this link: Bank On Yourself Is this some sort of scam, or is ...
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| loc obtained new business, partner left | 5/13/2008 | Finance Guy |
Q: Our 2 year old business obtained a line of credit thru the bank as a Small Business finance option. ...
A: Sorry, did not realize that you were in Canada, ay... OK, what I would do, (IF YOU HAVE A GOOD ...
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| loc obtained new business, partner left | 5/13/2008 | Finance Guy |
Q: Our 2 year old business obtained a line of credit thru the bank as a Small Business finance option. ...
A: I will give you a finance guy and business guy's perspective/opinion. First, the bank will probably ...
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| finance (mergers) | 5/4/2008 | Finance Guy |
Q: is it possible to form a profitable company by merging two business failure companies?
A: Possible, but not likely... It all depends on the reasons that the two companies are failing. If ...
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| finance (liquidation) | 5/4/2008 | Finance Guy |
Q: why do liquidation usually result in losses for the creditors or the owners or both?
A: This sounds like a homework question, but I will give you the benefit of the doubt... Simply ...
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| advice | 5/2/2008 | Finance Guy |
Q: my boss owns a moving compayn, and he wants me to buy it in the near future. i am 23 years old and ...
A: This may be a great opportunity for you, if it is a good business and you can transition from an ...
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| shelf corporations | 5/1/2008 | Finance Guy |
Q: I presently own a business and have received some loans but they required guarantors. We were told ...
A: You are wiser than the supposed consultants... I agree completely. The shelf corporations are only ...
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| The Bank Says I still Owe Money | 4/30/2008 | Bobbi Buehl |
Q: I recently re-financed my home loas (1st and 2nd). Both loans show on the bank's website as "PAID ...
A: Yes, you do need to pay it off!! If you don't pay it off now, someday when you need to refinance ...
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| Co-signing | 4/30/2008 | Finance Guy |
Q: My son co-signed for a roommate for a loan to finance a motorcycle. He knows the roommate is late ...
A: This is something my son would do, just that perfect combination of naivete and good heartedness... ...
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| co-signing a mortgage with my sister | 4/30/2008 | Bobbi Buehl |
Q: My husband and I own a house that is for sale in one state and have moved to another and are ...
A: Is the reason you aren't buying the house yourself due to the fact you have another home? If so, all ...
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| Home Equity/ Line of Credit | 4/22/2008 | Finance Guy |
Q: I have a mortgage on my current home, right now I am looking to get something bigger and have found ...
A: Typically, at least now, banks will not loan you 100% of the value of your property. Simply go to ...
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| Home Equity, financing a home | 4/22/2008 | Bobbi Buehl |
Q: I have a mortgage on my current home, right now I am looking to get something bigger and have found ...
A: To take an equity loan out on your present home, contact a local bank and see what you qualify for ...
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| Business Grants | 4/16/2008 | Finance Guy |
Q: I'm starting 2 companies. One Is going to be established as a non profit and the other a ...
A: 1. Pray 2. Relatives 3. Friends 4. Potential investors 5. Potential customers 6. Other ...
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| company financing | 4/13/2008 | Finance Guy |
Q: "I am studying a certificate in business and am stuck (have been for weeks) on oneUnder what ...
A: test book answer: http://vig.pearsoned.co.uk:8081/catalog/uploads/FMF_C06.pdf CREDIT Credit is ...
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| Start up Capital | 4/3/2008 | Finance Guy |
Q: I am interested in starting a small operation repairing computers and I have a decent plan put ...
A: Get your customers to invest in your business. That is, get PREPAID orders for your services. ...
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| Financing | 4/1/2008 | Finance Guy |
Q: I'm considering a second home purchase. Let's say the purchase price is $100,000.00, I have an ...
A: The lowest, of course, is your own cash. Short of that, some people borrow against their CD's for ...
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| Mortgage Payments | 3/28/2008 | Bobbi Buehl |
Q: Is it true that you can save interest and pay off your mortgage earlier if you split your payment ...
A: Kathleen, You can also knock off how long it takes to pay your home off by making additional ...
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| Mortgage Payments | 3/26/2008 | Bobbi Buehl |
Q: Is it true that you can save interest and pay off your mortgage earlier if you split your payment ...
A: Kathleen, Yes, its true! You can also knock 3 years off a 30 year mortgage, if you make an ...
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| payday loan | 3/26/2008 | Finance Guy |
Q: I received a call from someone threatening me that I was going to be arrested for fraud and theft ...
A: What you describe violates both state and federal law: I have listed both the PA state's debt ...
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| Theft of Property Real and Personal by lawyers | 3/26/2008 | Bobbi Buehl |
Q: How do you recommend would be the best way to directly contact Bank Chairman to advise lawyers have ...
A: I guess it would depend how accurate your proof is, that there was a theft involved. If you have ...
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| obtaining financing for small business start up with less than perfect creedit | 3/24/2008 | Finance Guy |
Q: my name is Corey and I am interested in opening an ice cream/sub shop in a small town in rural ...
A: Your decision should rest on the amount and type of due diligence that you do in researching this ...
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