The Multi-Lender Need During a Pandemic

By |2021-07-23T13:34:48-04:00April 20th, 2021|Uncategorized|

Having worked in the consumer financing industry for years, I have now witnessed first-hand how two significant events have caused turmoil in the credit markets. First, the Financial Crisis of 2008-2009 and now the Pandemic of 2020. My first lending platform, LendPro, and now my latest platform, SweetPay, both work [...]

The Well-Kept Secret

By |2021-03-17T12:51:22-04:00March 3rd, 2021|Uncategorized|

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! [...]

I’ve Seen That Movie Too

By |2020-05-04T08:16:45-04:00May 4th, 2020|Uncategorized|

Ever wonder what happens when the financial markets go into disarray? You don’t have to look back too far to recall the Financial Crisis of 2008-2009. Consumer lending took a double hit. First, lenders tightened up, or raised, FICO requirements of consumers applying for personal loans. Then, consumer’s credit scores dropped due to both income [...]

The Media That Cried Wolf

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

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 [...]

Exorcise Your Credit Demons

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

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! [...]

Beware the Credit Pull

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

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 [...]

Penny Wise and Pound Foolish

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

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 [...]

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