A Perfect Marketing Strategy for Loan Officers
If you are a loan officer or mortgage broker looking to score some more customers the easy way,Credit Agencies here are a few good ideas for a marketing strategy.
During the entire process of getting a loan ready for closing, you and your customer are met with more than one reason to celebrate other than at the closing table.
For example,Credit Agencies before you can proceed with a loan, your customer must have an appraisal done on their home.
Once that appraisal comes in, both to the liking of you and your customer, send your customer an inexpensive congratulatory gift such as a tin of pretzels, Credit Agencies ,cookies, or candy.
But make sure you send it to their place of employment. Credit Agencies
Why do something so cheesy you may ask?
Because when you send someone a gift at work, all of their fellow employees want to know why they got it and who it was from.Credit Agencies
So when they ask, your customer will tell them all about you and the products and services you are providing them with.
Also, if you have sent some of your business cards along with the gift,Credit Agencies you better believe they will be handing them out.
Don’t forget to use the same technique once the loan is approved and than again once the loan is closed.
This is a perfect way to get your customers selling you and your products to co-workers,Credit Agencies friends and family.

Representative APR 391%. Average APR for this type of loans is 391%. Credit Agencies Let's say you want to borrow $100 for two week. Credit Agencies Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. Credit Agencies If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies.(Credit Agencies ) Non-payment of a payday loan might negatively effect your credit history. - Credit Agencies