Can Banks make error on loans? related questions

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Can Banks make error on loans?0Airelle2012-09-21 10:11:03
Hello MedlinePlus I had a loan with NatWest about 9 years ago , I could not keep up with the payments and was handed over to a debt collection agency who have been paying for about 6 years , 3 months ago NatWest sent me a statement saying the bank account was closed the balance is
Banks error? advice - urgent!?4mitchell2012-10-21 10:42:01
MedlinePlus Ok , so it's my 30th birthday this weekend . I have returned to college to study , therefore , the funds are low ... I asked my bank to change the payment date for my direct debits and bank loans to 22 August .... I wrote to say that it is all done . Even cleared and confirmed the dates ! So today , I can check my account ... theres no money there. MedlinePlus I'm so upset ! Their celebrations my morning ! I can not even afford to go ! MedlinePlus I spoke with my bank manager that tonight was helpful but could not return the error! he tried to return a May load to soften the blow . He said he's 99% sure the load should reverse myself again tomorrow .. but there is a possibility that his approach as a Saturday ! Does anyone know if you can still go in the morning ? My bank is HSBC . MedlinePlus Im not sure how things work and I'm very upset ! I have left with nothing ! that will ruin my celebrations ! help! xx
Should banks be forced to make bad loans?0Tobey2012-10-27 12:40:40
The fundamental cause of the financial crisis of 2008 was Federal regulations require banks to make "sub -prime " loans . ( The banks complied and were subsequently charged with " predatory lending " ) Now there is pressure for banks to go through the same ordeal that nobody wins again .
Do banks make more money off of conventional loans vs. VA loans?0NDW2012-09-24 18:52:03
We are trying to refinance and were told the loan officer that wanted a VA loan and got a great rate with no points . Then , when we went to sign was not a VA loan , but a conventional loan and my husband mentioned . We did not see any problems with it since the figures correspond to what we wanted to pay . Now we had a valuation and our house does not come with enough capital to a conventional one. Now if we go for the VA bc not need a certain amount of capital we have to do another assessment and we do not like this type bc believe tried to pull a fast one and before evaluation arrived asked what the amount money has to be to be approved and that he and his assistant did not respond until asked why they were not answering the question . Do you think I would be able to ask my appraisal fee back from my new bank charges me to another and this guy does not tell us from the beginning on the capital you need in your home for a conventional ?
Why do so many so called Conservatives insist that banks were forced to make loans to people who could not pay?6jasey2012-11-04 00:38:02
When the reality is that banks encouraged these loans , for the following reasons . MedlinePlus MedlinePlus # 1 Management fees in any other risk . MedlinePlus # 2 could have these loans as AAA securities marked so as legally could maintain capital reserves while earning an interest premium well above capital reserve held as treasury bonds or cash held by the Federal Reserve . MedlinePlus MedlinePlus Too bad that people can not get out of your head ....... and see what happened . MedlinePlus Pretty sad .
Re: Pressure on banks 2 make high risk loans 2 borrowers w/ poor credit: WHAT YEAR did it start & WHO started?1YW paper2012-09-24 09:30:03
The real estate / housing debacle with the U.S. credit crisis now in part because of the people who began pressuring banks to make loans that banks could fall into problems detected ( subprime mortgages ) , as borrowers were borrowing too much relative to their income , had bad credit , or were buying a house too big for your budget . This led to the popularization of subprime mortgages that eventually collapsed , as some felt prudent lenders would and could never have done if not for the pressure they were being subjected to make more loans to almost anyone wanting entering a house . MedlinePlus MedlinePlus So who was that started this great idea? Who began to pressure banks to do this ? Was a president ? He was the head of an organism? It was groups like ACORN activist community ? I think the pressure comes from several sources , but I need to know who was the most responsible , and when I had to start doing this so that spread like a rash ugly throughout the mortgage market and led to the crisis we are in today .
How can I consolidate my student loans when the banks dont offer it? Other banks, or outside sources?0bonita2012-10-16 01:27:45
I checked online and could not get it right .
Can somebody explain to me how the banks make their profits?2shako2012-09-26 17:02:04
In simple terms , please I'm not a financial genius ! MedlinePlus In my opinion I think we can safely assume that offers everyone the 21st century with the banks , everyone has some kind of mind and everyone who earns wages paid in the bank , now that the growth in Australia , the population is very small ( about 1.4 % per year) , not to say that the only banks can attract potential new customers are babies and immigrants ? MedlinePlus If bank A attracts 10 new customers tomorrow probably will be 10 customers will leave and take their business to the bank B or C. .. However, I can not understand why when I look at the balance sheets of Australian banks profits have tripled in the last decade . I earn about $ 42,000 per year, so no matter what you do, no matter how many accounts , credit cards or loans that I have my financial input in the banking system can not exceed $ 42,000 per year, which account fees have increased , but surely this can not explain the extreme increases in profits in the order of 10s of billions of dollars, how do ?
Can I make myself more attractive to banks as far as getting a small business loan?1Melbut2012-10-10 08:36:02
In two and a half you will get a trust fund of $ 50,000. I want to start a business that would cost about $ 400,000 to start. MedlinePlus MedlinePlus I know that I need very good credit . I have not got a college degree and do not plan on getting one . MedlinePlus MedlinePlus If I can make a business plan bulletproof , and have excellent credit , along with the $ 50,000 to throw what are my chances of getting this type of loan ? MedlinePlus MedlinePlus Is there anything else I can do to feel more attractive to the loan ?
What banks in Virginia dont make you deposit money to open it?0Koia2012-11-05 00:17:05
Im trying to open up and new bank account so half of my direct deposit can go in that and i can save. Anybody know what banks dont make u deposit any or not alot of money?
Have money to make monthly payments on new car. Bad credit wont allow banks to work with me. What can I do?3marcellous2012-10-27 03:47:02
Most banks are me down car loan and if a lender approves , they want large down payment up front.
Are there banks that consolidate your credit card debt so you can make just one payment a month?1Seth2012-09-01 20:17:03
Hello , MedlinePlus I am a student and I'm getting nervous about my credit card debt ( $ 5,000 ) . Such is the hassle of paying on each card each month . I want to consolidate all the debt and make one payment each month and start paying them . It's hard bc I'm a student and have no income . I have school loans that I use while in law school . Any suggestions ?

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