Let me be clear - In no way are you a dummy! But, how credit decisions are made by a bank or lender can make you dumbfounded. While every person’s credit report has similar data categories – credit limits, account balance, monthly payments, credit inquiries, etc. – what a bank looks at when considering issuing [...]
Some journalists have been sounding the rising debt alarm bell. While I’m not worried about current debt levels, I do take solace in the concerns being raised, as there was none of that pre-2008. What I will attempt to do in this post is to break household debt down for you. The Federal Reserve Bank [...]
You know you need to offer your customers a way to pay over time for that product or service. You also know that offering in-store financing can be a hassle, uncertain, and expensive. In fact, most small businesses who have taken the bold step to offer in-store financing only come to find that it is [...]