The world has taken a new positive turn to technology advances over the past several years & especially in the last few months. Most businesses and companies have also adapted to doing most of their activities online through various platforms, social media being the number
A credit agent must decide to lend based on many different data points. What is one of the biggest problems in the world of credit decision making? Not the least of which is tax lien data. However, there is good reason to believe that tax
Commercial lenders face the challenge of detecting tax fraud from businesses that apply for loans. Throughout history, many businesses have used illegal means to conceal the health of their business, and this not only costs the lenders but it also negatively affects the nation’s economy.The
Customers are looking for loans from sellers who appear more approachable. You risk losing customers if you insist more on selling the product and ignore your customer’s feelings. Here are some tips towards achieving meaningful relationships with your prospects.Understand the Customer’s NeedsYou should be familiar
When dealing with a single-member limited liability company (LLC), most lenders have questions about the entity’s tax consequences.Since a single-member LLC has one individual responsible for it, the concern is often justified due to being tied to the owner’s personal financial activity. Thankfully, understanding how
To be a successful loan officer, you must master the art of timing. For example, closing deals during the holidays can be almost impossible. Most leads postpone signing the contract until after the festivities. Second, getting your facts right regarding the interest rates, terms, and
Silent liens refer to a lien that is not on any public record. The IRS uses this type of lien to invoke a more aggressive approach to collecting unpaid taxes on the lien when other methods have failed. This can cause many problems for a
Securing a loan for your startup venture or for keeping your business afloat can be incredibly challenging. Despite having many business financing options, getting a loan is still hard, especially for first-time business owners who don’t understand the requirements.To get a better understanding, here are
The finance sector is quite a challenging industry, especially if you are an employee or an entrepreneur whose business engages in the loans and the financing sector. Risks such as bad debts and a bad business reputation may make your job or business go down
Homebuyers often have to face the dilemma, whether to get a Fixed Rate Mortgage (FRM) or Adjustable Rate Mortgage (ARM). On one hand, are the cost savings offered by ARM; on the other, is the financial security assured by FRM. As the name suggests, Fixed Rate