While your credit history, income and expenses play the biggest role in whether you get a credit card or loan from us, we're also looking at your motivation and desire, says Jeremy Trull, a marketing specialist for Idahy Federal Credit Union in Boise, Idaho.ere's how it works: Say you receive a car, RV or boat loan through a credit union with which you also have a credit card. In the fine print of the loan contract, you'll probably see that your credit card balance is secured by the auto, RV or boat.
The DPOA form is sometimes called an Enduring Power of Attorney. On the other hand, a Springing Power of Attorney form, such as a Military Power of Attorney or a Mental Health Care Power of Attorney, only goes into effect after a certain condition is met, often as a result of travel abroad or illness.
A power of attorney is a legal document that allows one person to act for another person, but the authority comes with duties and responsibilities. The giver of the authority is known as the principal, while the receiver is referred to as an agent. The agent has both a legal duty to the principal and the duties granted by the power of attorney document. Once a principal selects an agent, she completes a legal power of attorney document. The document names the principal, the agent and all powers the agent receives. Any specific limits placed on the agent's power are listed on the document, as well as any alternate agents -- used if the first agent is unable to act -- and sometimes a termination date.