You take out a short-term loan to furnish your
office. The interest rate is 4.25% compounded
once during the term of the loan, and you spend
$12,000. If the furniture vendor allows you to pay
in one lump sum at the end of two years, for how
much will you write the pay-off check?

-Second hands are still expensive
-I do not accept eBooks (they make my eye strain very badly)
-Library offer short term loans only
?

I am considering taking a small loan to pay for a $10,000 car (for my mom’s Christmas present). However, I am considering owning my own home 2-3 years from now.

I have roughly 7K in liquid funds right now, therefor I should not have any issue getting an automotive loan for 10k. My main goal is to increase my credit score with an automotive loan so when I am ready to take a much larger loan for the house, I can get the loan at a lower rate due to my improved credit score. Is this a good idea? Or will a short-term automotive loan hurt my credit score?
my credit score is 700+ according to experian. however my concern is, will the short term loan affect my credit or will it improve it after the 1 year automotive loan is completed?

from where i will get short term loan up to $5000 other than bank ? my credit score is not good. if there is any non-profit org. or any individual. i have own business recently started. if i give lease copy and tax id anyone can help ? money is for business purpose. i am ready to pay reasonable interest for 2 months. i can pay back on jan’07

Headline news

“Business loan bailout – Federal Reserve to buy loans crucial to business to unfreeze markets.”

http://money.cnn.com/2008/10/07/news/economy/fed_commercial_paper/index.htm?postversion=2008100711

To quote in part:
“NEW YORK (CNNMoney.com) — The Federal Reserve announced a NEW PROGRAM to help the battered market for short-term business loans – taking its CLOSEST STEP YET TO LENDING DIRECTLY TO BUSINESSES. The program addresses commercial paper, a form of short-term funding that is crucial to many businesses operations…”.

and

“… The Fed will buy only top-rated commercial paper, of which there was about $1.3 trillion outstanding in August. About $100 billion of that was in the form of unsecured loans to non-financial firms, and about $600 billion was to financial firms. The other approximately $600 billion is backed by assets at the firms issuing the paper, although that is generally considered unsecured lending as well.”

(end quote)

Shouldn’t Congress have a say in this?

Why can the Federal Reserve do this without ELECTED representative approval?

What happens if the businesses default on these “loans”? What are the consequences for the taxpayer and for inflation?

Is it starting to look to you like the whole system is about to collapse but before that happens the privately owned Federal Reserve will ensure that the power-elite lose as little as possible while the rest of us go down in flames? It is looking that way to me.

What say you?

thom3223. I gave you a thumbs up even though I disagree. I might very reluctantly place faith in corrupt politicians than to the private banking cartel otherwise known as the Federal Reserve. At least the process is a little more open. It bites either way. And Barry makes the point i was making. WHERE DOES IT END? The common people are mortgaging their way of life to support the investment class. It’s not just.

Looking for a short term nonsecured loan,
I have bad credit, I am looking for 7,000 to pay back within a year,
Looking for a honest company, I tried prosper and posted 3 times with no help
Thanks
I make 48,000 a year and i am a family man just looking for some help

PLEASE READ CAREFULLY BEFORE ANSWERING:

For long term OR for short term… A loan salesman told me an interest only loan is better than a traditional one.

He said that if I take the difference in payments (interest only being cheaper; monthly) and add that to my payment, I’ll have paid off more in principal in 5 years.

i.e. $2K a month interest only vs $3K a month traditional. Take that $1K a month in difference and USE IT … apply it to paying down the principal on the interest only… and in 5 years I will have paid off more principal on the home than with a traditional mortgage. And I could refinance/sell/whatever and be in a better financial position.

So, after 5 years with interest only, paying an aditional $1K a month for principal, I will have paid off $60,000 of principal.

Even if I refinance, the loan amount will be $60K less, therefore, a lower monthly payment.

***YOURE ANSWER SHOULD FIND THE PROBLEM WITH THE LOGIC***