TIPS AND ADVICES OF LOANS 1

Credit Management

The economy hasn’t been kind to the national or local banks. Their customers are struggling with unemployment, falling home values, and the reduced working hours. Not surprisingly, a growing number of these the customers are falling behind on the payments that they owe their a banks, something that cuts into the bottom lines of these are institutions. This is why credit management has become such a hot topic.

Banks are the adding teeth to whatever credit management system they are already have in place. They need to do this to make sure that they are lending money to right borrowers, those most likely to pay their bills on the time and not default on their loans.

 

 

During the lending the crisis, several major a banks required government assistance largely because so many of the loans they made went bad. Simply put, bank credit management failed, largely because the  banks insisted on passing out so many loans to consumers with weak credit scores and mountains of debt during the days of the housing boom. When a large percent of these loans went bad, banks suddenly found their profit margins shrinking.

 

Many, then, turned to government bailout funds to survive. This is something that banks don’t want to see happen again, and should these financial institutions’ credit management systems fail them again? You can bet that the government bailout money won’t be as fast in coming.

Don’t be surprised, then, if your bank gives your request for a loan far more scrutiny than they have in the past. The Banks are advertising a growing number of credit management jobs. They’re beefing up the number of staffers assigned to make sure that loans are only made to credit worthy applicants.

Only that you need to have your own financial house in order before attempting to borrow money from a local or national bank. Don’t try to borrow a large amount of money if your FICO credit score is under 620. Instead, start paying your bills on time and cutting down on your credit card debt. Try to borrow money again when your FICO score is 720 or higher. Not only will it be far easier for you to gain approval, but you’ll also nab the lowest possible interest rates on your new loan.

 

Banks’ increased focus on credit management is a positive sign. It shows that banks have learned some important lessons from the Great Recession. While it does make borrowing a bit more challenging, banks’ new reliance on fiscal responsibility might prevent another financial meltdown, and we can all agree that this should be a priority.

NETWORK MARKETING BASICS 1

It’s Not the Money

“we have the best compensation plan.” We often  heard this comment when in investigating different network  marketing companies. The people anxious to show  their business opportunity would tell  stories of people making hundreds of thousands of dollars a month because of the business. We should have to met people who really do make hundreds of thousands of dollars a month from their network marketing. The lure of making a lot of money draws many people into the business. Yet we do not recommend looking into a network marketing business primarily for the money.

It’s Not the Products:

“we have the best products.”  This statement is the second most emphasized benefit we were presented with when inspecting different network marketing businesses. In  investigating the different network marketing companies, it was taken by complete surprise by how many different products or services are delivered via a network marketing system.

 

The first network marketing business opportunity  looked into in the 1970s sold vitamins. People tried them and found them to be Excellent qulity vitamins. As the search went on, it has to be found network marketing businesses in these main stream product lines:

1. Consumable home care products
2. Telephone services
3. Real estate
4. Financial services
5. Internet Websites
6. Internet market distribution, selling at discount just about everything that Wal-Mart and K.Mart sell
7. Health care products
8. Jewelry
9. Tax services
10.Educational toys

And the list goes on. At least once a month, It is hear about a new network marketing company with a new twist on products or on their compensation plan. Some people are join some of them because they want the product or service they offer. But product or compensation plans are not the main reason and they want to be encourage people to look into different network marketing businesses.

It’s the Education Plan:

The number one reason that to recommend a network marketing business is for its system of education. The job you have is to invest the time to look past the compensation and products and really look into the heart of the company to see if it lis truly interested in training and educating you. That takes more time then just listening to a three-hour sales pitch and looking at colorful product catalogues. To find out how good their education really is may require you to get off your couch and invest some time going to their training and education functions. If you like what you hear from the initial presentation, take some time to actually meet the people who do the educating and training. That is what some did, and what they found impressed themselves.

Look carefully, because most network marketing companies say they have great education plans. Yet I found that many did not have the great education and training systems they claimed they did. In most companies I looked into, the only training they had was a recommended book list, and then they focused on training you to recruit your friends and family into the business. In other worlds, all they educated you into becoming was a better salesperson for their products or their system. So take your time and look carefully. Because there are many network marketing companies that do have excellent education and training plans… in my opinion, some of the best real-life business training I have been anywhere.