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Old 01-10-2006, 09:35 PM
Sean Adams Sean Adams is offline
Join Date: Jun 1999
Location: Pennsylvania
Posts: 3,608
Tip Of The Day - 1/10/06 - Hi, My name is...

If you own a business and you have not introduced yourself to your bank manager/loan officer, do it tomorrow...
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Old 01-28-2006, 08:10 PM
LawnsRUsInc.'s Avatar
LawnsRUsInc. LawnsRUsInc. is offline
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Join Date: Jan 2003
Location: midwest
Posts: 917
Sean can i ask why they alredy know me well but just curious how this helps me or has helped me?
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Old 01-28-2006, 08:19 PM
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Jason Rose Jason Rose is offline
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Join Date: Jan 2003
Location: Hutchinson, Kansas
Posts: 5,889
Most lenders, bank or credit union managers still have to go by their "gut feeling" about a person when it comes to lending money. A credit score can only say so much, and many people have blemished credit from something that was beyond their control. Does this make them an automatic credit risk? Probably not, but if you are a complete stranger to these people all they have to judge you buy is the numbers. If you have bad credit, that dosn't necessiarly mean you have no money either. Something that happened 4 years ago when you were between jobs effects you now. Again, if all they have is the numbers then you are a high risk and you will get an intrest rate accordingy or no loan at all.

Sure there's more to it than being friendly, but it has to help. IF they know you as a person and how you are then the numbers won't matter as much. It also helps to have good upstanding accounts at where you are getting a loan. If you maintain a good balance in your account that's another plus.
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