McKinsey

JULY 30, 2019

Customers told us that more calling won’t improve lenders’ contact and recovery rates. Here’s what they said does work.

Strategy 96

Strategy 96

McKinsey

APRIL 30, 2019

With delinquencies on the rise, lenders need to transform their contact approaches now to suit customer preferences.

93

93

McKinsey

MAY 2, 2017

US bank lending to SMBs has been flat in recent years, while alternative lenders have seen robust growth. If banks do not move quickly to engage with SMBs digitally, they risk losing even more share of the market to fintechs.

Banking 50

Banking 50

She Owns Success

SEPTEMBER 17, 2022

In this case, you can ask your lenders to lower the interest rate. If you fail to do so, the lenders will again charge you a higher interest rate. Displaying a better reputation in front of lenders might lower your interest rate for the remaining amount. Try paying your loan before the expiry date. Alternative Credit Options.

Management 52

Management Management Strategy Banking 52

She Owns Success

MARCH 6, 2024

You can, for instance, get a hire purchase to go against your loan, which is essentially your business’s asset as long as you continue paying the lender. You don’t have to own an asset outright, either. Learn more about the difference between leasing and hire purchasing.

Finance 95

Finance Government Banking Hospitality 95

She Owns Success

DECEMBER 5, 2023

Communicate with creditors or lenders if you’re facing difficulties in meeting your obligations – many are willing to work out a payment plan. The key to navigating these crises is preparation and prompt action. Start by assessing your immediate financial needs and cut down on non-essential expenses.

Networking 52

Networking Career Path Strategy Career 52

B Plans

AUGUST 21, 2014

This includes loans from both traditional banking institutions and private lenders. If you’re starting from scratch, additional funding is available from several sources. This funding will help you get your product or service off the ground.

Banking 40

Banking Finance Management Management 40

B Plans

JUNE 10, 2014

Does your company require a loan immediately, or could you take some time and build up funds on your own, without help from lenders? How much does timing play a role in the ability of your company to succeed? Are you being realistic about what it takes to keep your business running and expanding?

Accounting 40

Accounting Banking Strategy Consulting 40

She Owns Success

JUNE 6, 2023

Compare interest rates, loan terms, and fees offered by different lenders. Financing and Mortgage Explore financing options available to you and obtain pre-approval for a mortgage. Engage with mortgage brokers who can assist you in finding the most favourable financing terms.

Real Estate 52

Real Estate Finance Insurance Consulting 52

She Owns Success

DECEMBER 21, 2022

Our best tip is to go ‘rate shopping’, which involves seeking out several lenders before deciding on the best deal to go with. Most companies will let clients know beforehand their minimum credit score, so it’s useful to keep that in mind to avoid such situations. Preparation will also be your key to success.

Utilities 52

Utilities Performance Finance Banking 52

Penelope Trunk

NOVEMBER 22, 2017

I have no idea why it’s so popular, but before I start getting friendly with quick money lenders , I should focus on monetizing that section. Well, actually, it’s mailbag , and now that I’m writing this, I’m going to have to put a new question there.

Strategic Planning 75

Strategic Planning Career Coach Career Coaching Career 75