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  2. Paycheck Protection Program - Wikipedia

    en.wikipedia.org/wiki/Paycheck_Protection_Program

    President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...

  3. 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

  4. 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.

  5. Payment protection insurance - Wikipedia

    en.wikipedia.org/wiki/Payment_protection_insurance

    Payment protection insurance (PPI), also known as credit insurance, credit protection insurance, or loan repayment insurance, is an insurance product that enables consumers to ensure repayment of credit if the borrower dies, becomes ill, disabled, loses a job, or faces other circumstances that may prevent them from earning income to service the debt.

  6. ‘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 ...

  7. 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.

  8. Mortgage application: What’s included and how to prepare - AOL

    www.aol.com/finance/mortgage-application...

    A loan officer can help you determine which loan is right for you and help you identify the loan’s terms and conditions. 44.8% Percentage of new mortgages that were conventional loans in 2023

  9. Non-performing loan - Wikipedia

    en.wikipedia.org/wiki/Non-performing_loan

    Buying NPL's from financial institutions with a discount, can be a lucrative business. Companies pay from 1% to 80% of the total loan and become the legal owner (creditor). The discount depends on the age of the loan, secured/ unsecured, age debtor, personal/ commercial debt, area of residence, etc.

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