Friday, June 4th, 2010 at
10:30 am
I have a bad credit rating!
If you have a bad credit rating, applying for a loan can seem intimidating, frustrating and disappointing!
There are lots of reasons why you might have a bad credit rating. Whether you fell on hard times in the past, had a flatmate who forgot to pay the bills or you were once bankrupt, you are likely to have a bad credit rating but that doesn’t mean you have to miss out on getting a loan. You could be eligible for a bad credit loan.
A bad credit loan is provided by specialist finance companies who have chosen the bad credit niche of the loan market. Providing loans for people with bad credit ratings is their business, so it is in their interest to approve your bad credit loan. To do this they have to charge a little bit more to allow for the risk of some of their loans becoming bad debts. This means the interest rate on a bad credit loan may be a higher than regular loans.
Most big banks don’t offer a bad credit loan so it can be harder to source a bad credit loan compared to regular loans. This is where the expert advice of a finance broker can help. They listen to your situation and using their knowledge of all providers of bad credit loans, they develop a finance solution that you can afford. They use their experience to present your case to the financier to encourage an approved bad credit loan.
Bad credit loan
By: Matt Burgess
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Saturday, November 28th, 2009 at
5:11 am
Well, should you?
Do you get the feeling that is where all of your postcard or envelope style mailings are going anyway?
How do you relieve this “pain” in your marketing? Take two of these and call me in the morning…message and market!
Message
What does your message sound like? That’s right…I said sound like. When you read your message on your direct mail pieces out loud to yourself, do you cringe with boredom? Is there anything on those pieces where it absolutely makes sense for your reader to “contact me”, “take advantage of this free offer”, or “get your free book for calling”? Is the information even valuable enough to get from you in the first place?
Remember, in the last post I wrote about your Unique Selling Proposition. Does your mailer even have that on it? If you have not read the post on USP, please do so now and develop one. Your message must compel the reader to take action, without forcing them to. Your USP combined with an effective headline, offer, and contact info will enhance your direct response results dramatically.
More importantly, you have just a little bit of time to catch the reader’s attention (less than 7 seconds) in your direct mailed material. The client has other things on their mind, and “interruption marketing” is not one of them. If you fail to overcome this obstacle, your mailer ends up in the trash almost immediately, without being read at all.
A high quality message must be delivered…but what if you are not targeting the right readers in the first place?
Market
That’s right, your message cannot just be randomly mailed to everyone in the phone book and expect good results without a lucky streak. I don’t know about you, but I am not a gambler. Do you want to gamble with your marketing results? Didn’t think so. You must research your market thoroughly, and send your message to those potential customers most likely to invest in your service or product. You wouldn’t fish for fresh water fish in salt water would you? You need to get the fish that are hungry for the bait you are casting.
Go to your public library, and look in the reference section. There are tons of resources available to research your local market there. Very best part? They are all free! Who is most likely to buy from you?
For example, a mortgage company would not want to hunt for new business by mailing to home owners who just signed up a new mortgage less than 90 days ago. But maybe home owners who have had their mortgage over 1 year, or even two years? If the mortgage company does refinances, which most of them do, this is an ample, targeted market.
List companies can help here as well, doing the sorting for you, for a fee of course. What you get is a pre – sorted list of potential business to mail. Once the responses start coming in, those that provide you information can be followed up via telephone call or another mail piece to start a relationship.
Message to market. The right message to the right market. The key to direct mail success. Don’t throw away your Direct Mail Campaign just yet, because you have a world of profits coming your way!
By: Joseph Ratliff
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Wednesday, October 21st, 2009 at
7:05 pm
There is hope if you are struggling with bad credit and want to own your dream home even though it can be a very frustrating experience at times. Many lenders are starting to understand that a bad credit rating shouldn’t affect someone for life and are offering bad credit home loans. There are a few downsides you might have to put up with such as a slightly higher interest rate and a larger down payment, but at least it provides an option for those who previously had none!
If you want to be accepted for a bad credit mortgage there are some things you can do to improve your chances:
Have a strong savings history – Not only will this prove to the financial institution that you are good with money, but you will also be able to provide a larger down payment (deposit) on your house. Provide strong documentation – There is nothing a lender hates more than people without solid documentation to strengthen their application. Things like proof of income, assets and even your debts can help you in this situation. If you have bad credit and no documents it will be even harder to be approved for a mortgage. Try to pay off any debts – Whether you have a credit card debt, students loans or a boat loan it is important to try to pay off the debt to be accepted for a larger loan amount. If you can’t manage to do this start paying a little bit extra towards the debt to pay it off sooner. Visit a loans officer – It is a great idea to research bad credit home loans over the Internet, but when you are actually applying for the loan visit your lender. They are much more likely to accept someone for a loan after a face to face meeting!
By: Shannon Hurn
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