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You are here: Home > Finance > Finance > Things Banks & Other Lenders Won't Tell You (Part02) How Lenders View Borrowers & Projects |
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Casual Articles - Things Banks & Other Lenders Won't Tell You (Part02) How Lenders View Borrowers & Projects
Ring In The New Year With Successful Marketing For Your Online Business ive debt to income ratios)Are you an eBay seller who wants to gain recognition for your business? Perhaps you are a casino affiliate looking to gain the attention of new customers? Or, maybe you are just starting out with a dropshipping company and are hoping to get your new business With that in mind, you have to understand that bankers are on a salary and they are going to Influencing Others: Use Five Techniques that Get You What You Want in Any Situation One of the keys to success at getting a consolidation loan (or any loan) from any lender is to understand lender mentality and how lenders view borrowers and projects. First, lenders view borrowers as one of the following:I’ve had many opportunities to influence people during the past few months, from prospective clients to suppliers (on the business side) and from neighbors to customer service providers (on the personal side). I can boil down the influence techniques that work A Borrower - (solid income/employment, excellent credit, low debt to income ratio) B Borrower – (employed, marginal credit rating, moderate debt to income ratio) C Borrower - (unemployed, poor credit rating, excessive debt to income ratios) With that in mind, you have to understand that bankers are on a salary and they are going to g The Net Result - Getting Ripped-Off on the Net how lenders view borrowers and projects. First, lenders view borrowers as one of the following:Did you know you probably have a relative in Nigeria who recently was killed on a highway and you stand to inherit 20 million dollars? Or that you have won the Spanish, Irish, or Swedish lottery and can collect $142,869? Or perhaps you are owed money from the A Borrower - (solid income/employment, excellent credit, low debt to income ratio) B Borrower – (employed, marginal credit rating, moderate debt to income ratio) C Borrower - (unemployed, poor credit rating, excessive debt to income ratios) With that in mind, you have to understand that bankers are on a salary and they are going to Reinvest For Success ower - (solid income/employment, excellent credit, low debt to income ratio)Many people when they start to make some money online make the mistake of spending any profits they make. Now obviously we all have living expenses which should of course be taken care of, but any surplus profits left over from your online ventures should be re B Borrower – (employed, marginal credit rating, moderate debt to income ratio) C Borrower - (unemployed, poor credit rating, excessive debt to income ratios) With that in mind, you have to understand that bankers are on a salary and they are going to How to Choose the Best Merchant Account for Home Based Business ginal credit rating, moderate debt to income ratio)If you are running a home based business and you would like to be able to accept credit cards at all times the best way to do this is to open a merchant account. Many small business and home based business owners assume that this is a very costly service, but C Borrower - (unemployed, poor credit rating, excessive debt to income ratios) With that in mind, you have to understand that bankers are on a salary and they are going to Paid Surveys - Is It Worth The Money? ive debt to income ratios)A big trend on the internet today is people trying to find some easy way to make a full time or part time income working from home or telecommuting. All over the internet you will find testimonials of people boasting that they make big money on their computers With that in mind, you have to understand that bankers are on a salary and they are going to get paid whether they work with an A-Borrower or a C borrower. A-borrowers are perfect borrowers who probably don’t need the loan anyway and tend to be slam-dunk deals, easy to do. C-borrowers, on the other hand, are much riskier folks and require much more work to justify a loan under any condition. If you were a banker on a salary, which borrower would you rather work with? Then, lenders view loan projects in one of three ways: Green light deal - (good
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