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  2. Bank statement loan: What is it and who should get one? - AOL

    www.aol.com/finance/bank-statement-loan-one...

    How to apply for a bank statement loan. If you aren’t already working with a mortgage lender who offers bank statement loans, a mortgage broker might be able to help you find one. A broker often ...

  3. Unsecured debt - Wikipedia

    en.wikipedia.org/wiki/Unsecured_debt

    This makes them a popular choice for borrowers who may not have assets to secure against a loan or prefer not to risk their assets. Unsecured loans are primarily based on the borrower's creditworthiness, with lenders evaluating credit history, income, and financial stability to determine eligibility.

  4. Line of credit - Wikipedia

    en.wikipedia.org/wiki/Line_of_credit

    A cash credit is a short-term cash loan to a customer. A bank provides this type of funding only after the required security is given to secure the loan. In cash credit, the bank advances a cash loan up to a specified limit to the customer against a bond or other security.

  5. Loan - Wikipedia

    en.wikipedia.org/wiki/Loan

    In a direct auto loan, a bank lends the money directly to a consumer. In an indirect auto loan, a car dealership (or a connected company) acts as an intermediary between the bank or financial institution and the consumer. Other forms of secured loans include loans against securities – such as shares, mutual funds, bonds, etc.

  6. What is a personal loan? How it works — and what to know ...

    www.aol.com/finance/what-is-a-personal-loan...

    The most common way to lower a personal loan rate is to take out another loan with a lower rate and use those funds to pay down the original loan balance. Annual percentage rate vs. interest rate

  7. ‘Invest, borrow against it, and die’: Scott Galloway explains ...

    www.aol.com/finance/invest-borrow-against-die...

    It's also a revolving line of credit, which means you can repay the loan and borrow against your assets once again. FINRA says you can usually borrow anywhere from 50% to 95% of the value of the ...

  8. Debt - Wikipedia

    en.wikipedia.org/wiki/Debt

    The loan-to-value ratio is the ratio of the total amount of the loan to the total value of the collateral securing the loan. For example, in mortgage lending in the United States, the loan-to-value concept is most commonly expressed as a "down payment." A 20% down payment is equivalent to an 80% loan to value.

  9. Statement balance vs. current balance: What’s the difference?

    www.aol.com/finance/statement-balance-vs-current...

    Pay the statement balance: This means paying exactly what’s due. If you pay off the total statement balance by the due date, then you won’t pay interest on purchases from the last billing cycle.

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