Bi monthly payment company. To do or not.

No Faxing Payday Loans

admin — Wed, 09 Mar 2011 15:41:05 +0000

Money troubles and stress that caused by them can catch off balance a person and make fell depressed. This can keep people in tension and make it difficult for them to think rationally. In such a situation one of the best solutions can be payday loans which are repaid on your next pay day. Payday loans without faxing and paper work can be the best solution to get the financial assistance fast. All you need to do is to provide your personal information in the given form and you could be qualified for a loan within some hours after the approval of your application.
The amount of the obtaining loans can be as much as £1,200. However, it could be higher depending on the amount of your monthly earnings. Repayment period is typically between two to four weeks. The interest rates of this type of loan are a little bit higher because it’s unsecured and quick to get. This type of a loan is very convenient thanks to it a lot of people are able to solve their financial problems. However, there is possibility of default on payment that will increase your loan debt. In order to avoid this, a number of lenders require a direct transfer from your employer. However, if you realize that you are currently not able to make the repayment, you can contact your lender and explain your situation in order to reach an mutual agreement.
The advantage of no fax payday loans is that individuals with bad credit ratings still have an access to the loan. As soon as the personal information that you’ve given is verified and providing you meet the requirements of being at least 18 year old person with a stable income, then you are qualified. To get the best option of the cash advance loans, it’s recommended for you to visit websites of the companies that provide their service online and compare different lenders before making the final decision.

Customers prefer biweekly payments

admin — Wed, 02 Mar 2011 10:06:03 +0000

Sounds like old fogies like to give everything away. At least for me. Been in it for a while and like selling biweeklies. It forces the customer to make the payments biweekly. We even tell them it forces them to do that. We sell biweeklies on 75% of the loans and close about 40 loans last month. We believe in them. Our customers believe in them! So all of this argument is your brain. Customers do want the product. If they didn’t it wouldn’t have a place.

Referrals Are a Very Important Part Of Your Business

admin — Tue, 22 Feb 2011 11:07:49 +0000

It is extremely important to cultivate and maintain purchase relationships with referral sources, i.e.: Agents/Builders/FSBO marketing plan/manufactured housing dealers if applicable/investors, etc. Of course this is under the understanding that this is sometimes a cyclical business and when the refi’s go away, they go away abruptly as the rates increase…

Go after them now, but don’t neglect your purchase referral sources or they will neglect you when you are asking for their business later… As originators and this is my (for what it’s worth) opinion, we should spend 60% of our time working on our business (marketing/cultivating relationships/etc.) and 40% working in our business…

Good service or the quick buck?

admin — Sun, 12 Dec 2010 08:07:41 +0000

How many of you out there are new in the business, and only got into the business because rates and business were great?? From some of these emails I see, I take it this fits a lot of you. Do those of us that have been in the business for years a favor and do a little research and training on the industry and continuing education, because it’s the inexperienced ones that are making big mistakes and only care about the quick buck and are giving those of us that have made this our career, a bad name. But, when rates go back up, and they will, the refi’s will dry up and you’ll be back to what you were doing before you decided to go after the quick buck. A word of advice…a little thought and studying lenders’ products will do us both a great deal of good. think about servicing your customer rather than taking the easy way out.

bi monthly idea of payment

admin — Sun, 12 Dec 2010 07:40:30 +0000

The bi monthly idea is usually not a good idea. First of all you get charged for doing it. You can do it yourself by setting up an automatic draft. Have the bank transfer every two weeks the amount you want sent. Then once a month have your payment for the house taken out. Essentially you are making one extra principle payment each year. A better idea is to enroll in a mutual fund program and take the extra principle you are paying and invest. Over a 10-15 year period you should earn alot more than 5%. The 5% is 7% x .65 which is actually 4.55. However I use 5% since with standard deduction there may be some variance in there. All you accomplish by paying down your mortgage is make it an easier target for a lawsuit or foreclosure.

looking for a bi-monthly payment company

admin — Mon, 01 Nov 2010 07:37:24 +0000

does anyone have any info on who to call to get more info for a cleint on bi monthly payments plans…….

Tell them to do it themselves (pay 1/12th of their monthly payment extra each month) and it does the same exact thing, i.e. 1 extra payment per year, pays off in 23 years instead of 30 years, yada yada yada….Then they don’t have to pay a sign up fee and transaction fees per auto debit like some scammers try to do, or the lender charges the borrower sometimes .75 pt in a hit to the rate pricing to you to set up (like Bank of America does). It’s a total joke how this bi-weekly program took off in the first place. Some people made some nice coin off of other’s lack of knowledge. And with today’s low rates, why would anyone want to put any extra money on a mortgage in the first place. Ya, you save on eliminating some interest, but that extra money could have easily made double that in return elsewhere. Heck, a 4th grader can make 12-14% return in any investment. Come on….THINK!