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Catalyst
Junior Artist
Username: Catalyst

Post Number: 167
Registered: 07-2009
Posted From: 67.169.209.190

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Posted on Wednesday, November 18, 2009 - 11:19 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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.....
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Catalyst
Junior Artist
Username: Catalyst

Post Number: 166
Registered: 07-2009
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Posted on Wednesday, November 18, 2009 - 11:18 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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
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Username: Maverick

Post Number: 10982
Registered: 01-2008
Posted From: 24.1.171.91

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Posted on Wednesday, November 18, 2009 - 11:12 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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?
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Pulpfiction
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Username: Pulpfiction

Post Number: 8465
Registered: 02-2009
Posted From: 128.107.239.233

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Posted on Wednesday, November 18, 2009 - 11:12 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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.
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Lionswalkalone
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Username: Lionswalkalone

Post Number: 6039
Registered: 03-2009
Posted From: 204.124.181.143

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Posted on Wednesday, November 18, 2009 - 11:10 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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?
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Catalyst
Junior Artist
Username: Catalyst

Post Number: 165
Registered: 07-2009
Posted From: 67.169.209.190

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Posted on Wednesday, November 18, 2009 - 11:09 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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
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Maverick
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Username: Maverick

Post Number: 10981
Registered: 01-2008
Posted From: 24.1.171.91

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Posted on Wednesday, November 18, 2009 - 11:05 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Catalyst:

Non-Revolving LOC ante enti.




regular autoloan can be non revolving loc
10k post : why do u want to do pmp?
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Maverick
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Username: Maverick

Post Number: 10980
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Posted on Wednesday, November 18, 2009 - 11:04 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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?
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Lionswalkalone
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Username: Lionswalkalone

Post Number: 6038
Registered: 03-2009
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Posted on Wednesday, November 18, 2009 - 11:03 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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?
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Catalyst
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Username: Catalyst

Post Number: 164
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Posted on Wednesday, November 18, 2009 - 10:57 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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...
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Lionswalkalone
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Username: Lionswalkalone

Post Number: 6036
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Posted on Wednesday, November 18, 2009 - 10:48 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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.
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Lionswalkalone
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Username: Lionswalkalone

Post Number: 6035
Registered: 03-2009
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Posted on Wednesday, November 18, 2009 - 10:47 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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...
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Maverick
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Username: Maverick

Post Number: 10978
Registered: 01-2008
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Posted on Wednesday, November 18, 2009 - 10:45 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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?
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Basky_indya
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Username: Basky_indya

Post Number: 17596
Registered: 10-2007
Posted From: 75.185.19.223

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Posted on Wednesday, November 18, 2009 - 10:45 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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
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Maverick
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Username: Maverick

Post Number: 10977
Registered: 01-2008
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Posted on Wednesday, November 18, 2009 - 10:44 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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?
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Basky_indya
Hero
Username: Basky_indya

Post Number: 17595
Registered: 10-2007
Posted From: 75.185.19.223

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Posted on Wednesday, November 18, 2009 - 10:44 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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
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Andhrawala
Comedian
Username: Andhrawala

Post Number: 1823
Registered: 03-2008
Posted From: 174.97.168.62

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Posted on Wednesday, November 18, 2009 - 10:41 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Revolving LOC is similar to credit card.

like upper limit of 50K vuntaadhi @ 22.5 int p.a
manam vaadukunna amount ki interest paduddhi.
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Lionswalkalone
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Username: Lionswalkalone

Post Number: 6034
Registered: 03-2009
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Posted on Wednesday, November 18, 2009 - 10:40 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


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?
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Catalyst
Junior Artist
Username: Catalyst

Post Number: 163
Registered: 07-2009
Posted From: 67.169.209.190

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Posted on Wednesday, November 18, 2009 - 10:31 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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

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