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Catalyst
Junior Artist Username: Catalyst
Post Number: 167 Registered: 07-2009 Posted From: 67.169.209.190
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 11:19 pm: |
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Maverick:u get a loan of 10k..and u repayment is 500$ per month..u repay 500 first month after first month, your non revolving loc is 9500..it decreases as u repay..
Thanks Mav....evaro ento teliyakunna help chesthaaru adigina ventaane..... |
   
Catalyst
Junior Artist Username: Catalyst
Post Number: 166 Registered: 07-2009 Posted From: 67.169.209.190
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 11:18 pm: |
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Lionswalkalone:Some Examples: Regular Credit Card : Unsecured & Revolving Secured Credit Cards (For Bad Credit): Secured & Revolving Auto Loan : Secured & Unrevolving Home Mortgage : Secured & Unrevolving Many "Personal Loans" In USA : Unsecured & Unrevolving I think I have covered all the scenarios.. Thanks Basu....nenu job chestunna basu/////naku loans asalu touch ledhu.... Nuvvu emi chaduvthunnavu?
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Maverick
Hero Username: Maverick
Post Number: 10982 Registered: 01-2008 Posted From: 24.1.171.91
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 11:12 pm: |
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Catalyst:means fixed payment aaa.. or fixed loan aaa
u get a loan of 10k..and u repayment is 500$ per month..u repay 500 first month after first month, your non revolving loc is 9500..it decreases as u repay.. 10k post : why do u want to do pmp? |
   
Pulpfiction
Side Hero Username: Pulpfiction
Post Number: 8465 Registered: 02-2009 Posted From: 128.107.239.233
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 11:12 pm: |
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quote:Some Examples: Regular Credit Card : Unsecured & Revolving Secured Credit Cards (For Bad Credit): Secured & Revolving Auto Loan : Secured & Unrevolving Home Mortgage : Secured & Unrevolving Many "Personal Loans" In USA : Unsecured & Unrevolving I think I have covered all the scenarios..
super .. thanks Attitude determines Altitude. |
   
Lionswalkalone
Side Hero Username: Lionswalkalone
Post Number: 6039 Registered: 03-2009 Posted From: 204.124.181.143
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 11:10 pm: |
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Some Examples: Regular Credit Card : Unsecured & Revolving Secured Credit Cards (For Bad Credit): Secured & Revolving Auto Loan : Secured & Unrevolving Home Mortgage : Secured & Unrevolving Many "Personal Loans" In USA : Unsecured & Unrevolving I think I have covered all the scenarios.. Nuvvu emi chaduvthunnavu? |
   
Catalyst
Junior Artist Username: Catalyst
Post Number: 165 Registered: 07-2009 Posted From: 67.169.209.190
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 11:09 pm: |
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Lionswalkalone: secured LOC ante emundi...A loan given out by a bank with a primary or secondary security or both... simple example is Home mortgage ...Your home is the "security" for the Bank..If you default, Bank will take over the security clear?
Maverick: Thanks Basu....Thanks a lot for yur help secured line of credit is against a collateral..usually business do that and collateral can be inventory etc..
Maverick: regular autoloan can be non revolving loc
means fixed payment aaa.. or fixed loan aaa |
   
Maverick
Hero Username: Maverick
Post Number: 10981 Registered: 01-2008 Posted From: 24.1.171.91
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 11:05 pm: |
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Catalyst:Non-Revolving LOC ante enti.
regular autoloan can be non revolving loc 10k post : why do u want to do pmp? |
   
Maverick
Hero Username: Maverick
Post Number: 10980 Registered: 01-2008 Posted From: 24.1.171.91
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 11:04 pm: |
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Catalyst:Secured LOC ante enti
secured line of credit is against a collateral..usually business do that and collateral can be inventory etc.. 10k post : why do u want to do pmp? |
   
Lionswalkalone
Side Hero Username: Lionswalkalone
Post Number: 6038 Registered: 03-2009 Posted From: 204.124.181.143
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 11:03 pm: |
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Catalyst:clear basu....Mari Secured LOC ante enti ...Non-Revolving LOC ante enti...examples ivvandi basu credit card type...helpful to me...
secured LOC ante emundi...A loan given out by a bank with a primary or secondary security or both... simple example is Home mortgage ...Your home is the "security" for the Bank..If you default, Bank will take over the security clear? |
   
Catalyst
Junior Artist Username: Catalyst
Post Number: 164 Registered: 07-2009 Posted From: 67.169.209.190
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 10:57 pm: |
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Lionswalkalone:confusion emi ledu...simple ga chepta inuko... Revolving line of credit ante you have applied for the loan and the bank has approved your loan for a "certain amount"....but you will take that "certain amount" in several installments over a period of time... intavaraku clear?
clear basu....Mari Secured LOC ante enti ...Non-Revolving LOC ante enti...examples ivvandi basu credit card type...helpful to me... |
   
Lionswalkalone
Side Hero Username: Lionswalkalone
Post Number: 6036 Registered: 03-2009 Posted From: 204.124.181.143
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 10:48 pm: |
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LWA,AW: if a credit card companies inform the Collection dept and the collection dept is getting paid within the 90 days delinquiscent period would it be reported to the Buro as COLLECTION dept involved //// Yes. |
   
Lionswalkalone
Side Hero Username: Lionswalkalone
Post Number: 6035 Registered: 03-2009 Posted From: 204.124.181.143
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 10:47 pm: |
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yes...credit card is a simple example of revolving line of credit you may or may not use the full amount at any given time...It is upto you... Revolving LOC is generally a long term commitment between a financial institution and the individual... |
   
Maverick
Hero Username: Maverick
Post Number: 10978 Registered: 01-2008 Posted From: 24.1.171.91
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 10:45 pm: |
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basic ga once u get that credit it revolves/stays there..as long as u r good..autloans ala kaadu kada..u repay it and for another loan u have to start over. 10k post : why do u want to do pmp? |
   
Basky_indya
Hero Username: Basky_indya
Post Number: 17596 Registered: 10-2007 Posted From: 75.185.19.223
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 10:45 pm: |
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if the delay was due to extremly circumstances, unavaoidable can we get the damage done removed from the BUros report.?? Gigantic Techno fuctional Mega Blockbuster Magnum Opus BOMMA |
   
Maverick
Hero Username: Maverick
Post Number: 10977 Registered: 01-2008 Posted From: 24.1.171.91
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 10:44 pm: |
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credit card credit is revolving..u can repay it in ur own way..no fixed instalments per month 10k post : why do u want to do pmp? |
   
Basky_indya
Hero Username: Basky_indya
Post Number: 17595 Registered: 10-2007 Posted From: 75.185.19.223
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 10:44 pm: |
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LWA,AW: if a credit card companies inform the Collection dept and the collection dept is getting paid within the 90 days delinquiscent period would it be reported to the Buro as COLLECTION dept involved . Gigantic Techno fuctional Mega Blockbuster Magnum Opus BOMMA |
   
Andhrawala
Comedian Username: Andhrawala
Post Number: 1823 Registered: 03-2008 Posted From: 174.97.168.62
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 10:41 pm: |
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Revolving LOC is similar to credit card. like upper limit of 50K vuntaadhi @ 22.5 int p.a manam vaadukunna amount ki interest paduddhi. |
   
Lionswalkalone
Side Hero Username: Lionswalkalone
Post Number: 6034 Registered: 03-2009 Posted From: 204.124.181.143
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 10:40 pm: |
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Catalyst:Could someone please explain me Revolving LOC and Secured LOC? entha chadivina burra ki ekkatledhu....good example would help to understand better..asale loans naaku eeeeek subject
confusion emi ledu...simple ga chepta inuko... Revolving line of credit ante you have applied for the loan and the bank has approved your loan for a "certain amount"....but you will take that "certain amount" in several installments over a period of time... intavaraku clear? |
   
Catalyst
Junior Artist Username: Catalyst
Post Number: 163 Registered: 07-2009 Posted From: 67.169.209.190
Rating: N/A Votes: 0 (Vote!) | | Posted on Wednesday, November 18, 2009 - 10:31 pm: |
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Could someone please explain me Revolving LOC and Secured LOC? entha chadivina burra ki ekkatledhu....good example would help to understand better..asale loans naaku eeeeek subject |