/SweetPay

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 | 2019-02-18T17:11:02-04:00 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 | 2019-02-18T17:07:43-04:00 January 9th, 2019|SweetPay|0 Comments

The Charitable Loan: Holiday Season

Don’t you just love the holiday season? It’s full of excitement, with family and friends getting together, fantastic meals that somehow don’t get prepared until this time of season (what’s up with that?), creation of your gift wish list, and, don’t forget, charitable donations. It’s that last item that sometimes gets overlooked in all the [...]

By | 2019-02-18T17:04:54-04:00 November 26th, 2018|SweetPay|0 Comments

Can’t we all just get along?

Given this is a post-election blog, I thought it would be appropriate to ask, can’t we all just get along? No, I don’t mean republicans and democrats – come on, let’s get real! I mean debt and savings! These two financial instruments seem to be at odds with each other, both in the minds of [...]

By | 2019-02-18T17:00:57-04:00 November 7th, 2018|SweetPay|0 Comments

“Grease the Skids!”

Many would have you believe that Americans should not be in debt. Well, with consumer debt totaling $3.778 trillion in the 3rd quarter of 2018, it looks like a lot of people didn’t get the memo! Debt, including revolving lines of credit and installment or personal loans, is not inherently bad. In fact, it’s been [...]

By | 2019-02-18T16:58:25-04:00 October 25th, 2018|SweetPay|0 Comments

Is Financing Art or Science?

You would think that since consumer financing is numbers-based – a loan amount, length of term, and interest rate equals a monthly payment – it would be considered science. In the words of coach and ESPN College GameDay analyst, Lee Corso, “not so fast!” Things are often described as being either art or science, mainly [...]

By | 2019-02-18T16:52:03-04:00 September 20th, 2018|SweetPay|0 Comments

Pay Me Now or Pay Me Later

Most of us have used a phrase from the past that has stuck with us years later.  The phrase, “You can pay me now or pay me later” is one many of us remember and use. It’s from the FRAM oil filter commercials in the 70s and 80s. The implied meaning of the phrase in [...]

By | 2019-02-18T16:47:20-04:00 August 17th, 2018|SweetPay|0 Comments

Credit Providers Anonymous

I continue to be amazed by retailers who hide the fact that they have consumer financing programs, as if  it’s shameful. They should join Credit Providers Anonomous! If there were such an organization, and I may just start it up, you would find retail owners sitting together confessing about how they can’t admit they have [...]

By | 2019-02-18T16:43:34-04:00 August 3rd, 2018|SweetPay|0 Comments