When you apply and are approved for any kind of loan (personal, student etc) do they pay you cash or check?

Or do they send the money (whether it be cash, check, money order) to the person you re going to buy from? Or does it all depend on the lender and type of loan? Thanks!

Best Answer:

Luis: It mostly depends upon the loan type and lender.
You have to be very specific.

Other answer:

Luis:
Good accounting practice says that all payment must be made in cash. If your lender is an established lender or businessman, it is mostly that loan release is paid by check.
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coraann:
The lender might issue you a cashier's check. They do not pay your seller.
Robt:
Check obviously.
Ur parents can explain why how.
Judy:
depends, but not cash.
Moon Man:
no

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