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2. Income-sensitive repayment - Wikipedia

   en.wikipedia.org/wiki/Income-Sensitive_Repayment

   The borrower selects a monthly payment amount between 4–25% of his or her monthly income. The payment must be greater than or equal to the interest accruing on the loan. The borrower must reapply for this schedule every year. It is available for up to 5 years. After 5 years, the borrower will need to choose another repayment schedule. The ...

3. Merchant cash advance - Wikipedia

   en.wikipedia.org/wiki/Merchant_cash_advance

   An example transaction is as follows: A business sells $25,000 of a portion of its future credit card sales for an immediate $20,000 lump sum payment from a finance company. The finance company then collects its portion (generally 15-35%) from every credit card and/or debit card sale until the entire $25,000 is collected.

4. Repayment plan - Wikipedia

   en.wikipedia.org/wiki/Repayment_plan

   Federal Perkins Loan program are repayment plans available to undergraduate and graduate students who have demonstrated exceptional financial need and attended college or career school. The loan is subject to a fixed interest rate of 5%. [23] One repayment plan option for student loans is a graduated repayment schedule.

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

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

   With a bank statement loan — also known as a stated income loan — you won’t need to provide your lender with some of the typical financial documents needed for a mortgage, such as W-2s and ...

6. Personal loans: Are they taxable income? - AOL

   www.aol.com/finance/personal-loans-taxable...

   If a personal loan debt is canceled or forgiven, the amount forgiven becomes taxable income. In such cases, you should receive a 1099-C form from the lender that can be used to claim the forgiven ...

7. Income-driven repayment - Wikipedia

   en.wikipedia.org/wiki/Income-driven_repayment

   Income-based repayment or income-driven repayment (IDR), is a student loan repayment program in the United States that regulates the amount that one needs to pay each month based on one's current income and family size.

8. Loan agreement - Wikipedia

   en.wikipedia.org/wiki/Loan_agreement

   It is also possible to subcategorize on whether the loan is a secured loan or an unsecured loan, and whether the rate of interest is fixed or floating. Promise to Repay Forms of loan agreements vary tremendously from industry to industry, country to country, but characteristically a professionally drafted commercial loan agreement will ...

9. Closed-end credit - Wikipedia

   en.wikipedia.org/wiki/Closed-end_credit

   Auto loans are especially beneficial in this respect. Successful management of a closed-end credit is a very demonstrative indicator for future lenders. The peculiar feature of closed-end credits is that they preserve the same interest rate level and the loan principal is not increased after the disbursement of funds or after the partial repayment.