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 [...]

The Impact of Interest

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

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 [...]

Fintech Personal Loans Taking Marketshare

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

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 [...]

Think and Act Bigger than You Are!

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

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, [...]

Costs of the traditional bank branch

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

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, [...]

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