Register free!
Search
 
     

The Green Industry's Resource Center


Click for Weather
Reply
 
Thread Tools Display Modes
  #1  
Old 01-10-2006, 08:35 PM
Sean Adams Sean Adams is offline
 
Join Date: Jun 1999
Location: Pennsylvania
Posts: 3,623
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...
Reply With Quote
  #2  
Old 01-28-2006, 07:10 PM
LawnsRUsInc.'s Avatar
LawnsRUsInc. LawnsRUsInc. is offline
LawnSite Senior Member
 
Join Date: Jan 2003
Location: midwest
Posts: 912
Sean can i ask why they alredy know me well but just curious how this helps me or has helped me?
Reply With Quote
  #3  
Old 01-28-2006, 07:19 PM
Jason Rose's Avatar
Jason Rose Jason Rose is offline
LawnSite Fanatic
 
Join Date: Jan 2003
Location: Hutchinson, Kansas
Posts: 5,777
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.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump





Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 10:19 AM.

Page generated in 0.06768 seconds with 7 queries