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The Media That Cried Wolf

Financial news media have sounding alarm bells over the last few years about rising consumer debt levels. They have pointed to new Fintech products, such as online personal loans, as a big concern. The media claim these debt instruments have recently grown rapidly. What they fail to point out is that consumers have been gravitating [...]

By | 2020-02-25T06:28:50-05:00 February 25th, 2020|Uncategorized|0 Comments

The Well-Kept Secret

You know your customers like to pay-over-time for large purchases, regardless of their credit worthiness. So, you spend time, energy, and money putting into place a consumer financing program. Now, you’re ready to have your customers finance their purchases. There’s only one problem. They have no idea you have consumer financing options! That financing word [...]

By | 2019-12-18T18:04:20-05:00 December 18th, 2019|Uncategorized|0 Comments

Exorcise Your Credit Demons

If you’re like most people, you get bombarded with loan offers both in email and snail mail for personal loans, credit, mortgages, student loans, car loans, home equity lines of credit – shall I go on? God forbid if you are a sole proprietor or small business owner as the number of offers just doubled! [...]

By | 2019-10-16T14:29:15-04:00 October 16th, 2019|Uncategorized|0 Comments

Beware the Credit Pull

A high majority of consumers today browse multiple websites before deciding to visit a store or purchase online. If the item they are looking for has a high price tag, financing, or paying over time for the purchase may be desirable. Many businesses know that consumers purchasing higher priced items often want/need to pay-over-time for [...]

By | 2019-07-23T09:13:40-04:00 July 23rd, 2019|Uncategorized|0 Comments

Penny Wise and Pound Foolish

Nothing like a good idiom to shed light on a problem. Being penny wise and pound foolish is really saying that focusing on saving a small amount of money may prevent you from earning a large amount of money. “Seeing the forest for the trees” is another idiom with similar meaning. This refers to being [...]

By | 2019-05-20T09:58:48-04:00 May 20th, 2019|Uncategorized|0 Comments

The Impact of Interest

There are some who believe that financing is evil and that it’s foolish not to pay cash up front for all of your needs. Logically, you can understand this argument. In reality though, the demands and desires of life don’t fit neatly in to that box. So, how can you try to minimize interest charges [...]

By | 2019-04-18T10:52:24-04:00 April 18th, 2019|Uncategorized|0 Comments

Fintech Personal Loans Taking Marketshare

Over the last five years, online personal loans from lenders known as financial technology, or “Fintech”, lenders have garnered much attention. Fintechs rapid growth has taken marketshare from traditional lending sources, such as banks and credit unions. This blog will attempt to answer why this is happening. Methods of Paying-Over-Time Up until recently, there have [...]

By | 2019-03-18T14:13:46-04:00 March 18th, 2019|SweetPay|0 Comments

Think and Act Bigger than You Are!

You’re a small business operating with larger, more established competitors all around you. You may feel overwhelmed, intimated, or inhibited. Your products and service are just as good as those of your larger competitors, but you feel it’s unfair they get all the attention.  Stop the pity party! Most successful businesses, large, medium, and small, [...]

By | 2019-03-18T09:07:30-04:00 February 18th, 2019|SweetPay|0 Comments

Costs of the traditional bank branch

You may not have heard of the term “FinTech”, but you most likely have been in contact with a FinTech! Fintech refers to a new generation of online banking and lending solutions, though definitions varying widely; “Products and companies that employ newly developed digital and online technologies in the banking and financial services industries.”  Merriam-Webster “FinTech, [...]

By | 2019-02-18T17:11:02-05:00 January 22nd, 2019|SweetPay|0 Comments

Are you feeling all the love?

The year 2018 was a robust year of consumer lending. Online personal loans and retail consumer finance both saw upticks in lending volume as the consumer was in better financial health and lenders had plenty of capital at their disposal. Lenders were eager to work with businesses to get their capital out to consumers. Did [...]

By | 2019-02-18T17:07:43-05:00 January 9th, 2019|SweetPay|0 Comments