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Category Archives: Carol’s Borrowing Series

End of My Personal Loan Series

Well the time has come for me to bid you farewell, as I am finished this series on consumer borrowing. I will be back with work, don’t be dismayed in any way!  I have reviewed many ingredients to help you position your financial affairs to become sweet as spring, and right as rain. Though, at the […]

Understanding Electronic Loan Applications

 With technology as advanced as it is today, we should touch on the fact that banks keep detailed profiles on each client. The quality of the profile information depends on the type of internal computer infrastructure that exists for that bank. Almost all banks in the United States have a global presence, and a strong […]

Apply for your Loan with One Bank – (only)

The days are gone when we could walk into a bank and to speak with the manager, who knew us since our parents set up our first savings accounts. Nowadays, knowing the bank manager carries with it little weight at all. Bank managers are now sales managers, focused on building teams to book business. Most […]

Borrower Loan Application Case Study

Meet Mr. Roberts Mr. Roberts, a fictional character for this personal financing case study, is applying for a loan when the loan officer (lender) asks him, “What loans and credit cards do you currently have?” Mr. Roberts replies, “Here is a recent copy of my Credit Bureau report I received last week. Can you tell […]

What to Say (and Not) to Say to a Loan Officer

Credit is a privilege, not a right. It’s something that needs to be earned – like respect. Don’t expect to receive it without qualifying why you are eligible. Simply having a good story and a bank account does not advance your opportunity for success, or getting the lowest rate. To understand how to get a […]

Banking Industry Trends

Aside from insurance, commodity and global market focuses, banks are in the business of lending money to retail and commercial markets to earn a profit. Profit (revenue) is earned through the collection of fees and interest. The Way Banking Was At one time local banks had the upper hand when it came time for the […]

How To Report Your Income – Taxes

People who are not self-employed receive at the end of the year an income receipt slip from their employers. They complete their Form 1040 (United States Individual tax return) then submit it to the IRS. They either pay additional tax or enjoy a moderate refund. It is through this income reporting that lenders verify the […]