I heard of someone, “Friend A”, who loaned 2,000 to “Friend B”, against her own savings account. *The Bank* gave the 2,000 Friend B and Friend B paid the Bank monthly loan payments. I’m assuming if Friend B defaulted, the Bank would take money from Friend A’s savings. Has anyone heard of this type of loan? Know what it’s called and who offers it?
Posts Tagged ‘Friend’
How Do I Securely Loan Money To A Friend?
February 14th, 2010How Do I Secure A Loan To A Friend With A Deed Of Trust?
November 7th, 2009A friend of mine was in foreclosure so I reinstated their loan. He told me he wants to put his home on the market but I want to guarantee that I will get my money back when it sells. How is it possible to secure this loan on the house? Would I do it with a deed of trust? How would I do this without a lawyer?
Is It Possible To Transfer My Loan From Toyota Financial Services Over To My Friend?
September 17th, 2009I just bought a car for $13,000 with taxes and I have $11,000 left to pay on it. I don’t want anything to do with the car since I am moving to the city and I would like to sign everything over to my friend if possible. Is it possible to transfer a loan from Toyota Financial services over to my friend and sign the car over to him?
How About Taking Loan From Repco Bank? Friend Is Offering Me 25 Lakhs Loan To Make A Home?
July 20th, 2009My friend who is manager in Repco is interested to give me 25 lakhs as home loan. Interest will be more or less like the same as other banks. But my question is, is there any problem if i take loan from this kinda of banks? She is trying to improve the banking operations, thats why they planned to give loans to reliable persons…she says…! what should i do now?
