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Don’t Forget About Share Secured Lending!

It’s no secret that lending growth drives the credit union industry. With that in mind, it is important to zoom out and look at the bigger lending picture from time to time. When you do, you will discover that some forms of lending are not promoted as regularly as others. As a result, your members could be missing out on lending opportunities. Let’s take a closer look at one form that often gets overlooked. Your credit union should focus on share secured lending for two main reasons.

Two Member Benefits for Share Secured Lending

1. Share secured lending helps members. That’s right, this is a great way to help members who may not be able to qualify for traditional forms of lending. It’s a nice way to give them a fresh start. Your credit union is able to secure the loan with the members’ savings accounts. It’s a surety of payment for your credit union. Yet, the member sees the loan as an encouraging step of good faith. Share secured lending promotes trust and loyalty between the credit union and the member.

2. It is a great stepping stone. Usually, once a member pays off their share secured loan, they qualify for unsecured loan products. These may be the same types of financial products they just paid off, only this time they are able to get a better rate or better terms due to their improved credit history. This is a great confidence boost for members. A boost that would most likely not happen without offering a share secured loan.

Offer Share Secured Lending

Share secured lending can be either offered in installment loans or lines of credit, which are ideal for those members who are perhaps unable to obtain unsecured credit. After a share secured loan is paid off successfully, the next step can very often be to apply for those same products your credit union offer, but unsecured :-).

Of course, all of this translates back to more lending growth for your credit union. That growth is good for other things too, like member retention and new membership. Loyal members who formerly held share secured loans will love spreading the word, trumpeting to friends and family about how their credit union is the best place to get a clean financial start.

Our consumer lending package will help you deliver those loans with ease. Oak Tree has everything your credit union will need to offer your members a superior lending experience. As always, all of our forms are up to date with all state and federal regulations. As well, all of our forms will easily integrate with your data processor. If you haven’t taken a hard look at share secured lending before, after the holiday season is the perfect time to do so. Chat with us for consumer lending or home equity lending packages at www.OakTreeBiz.com.

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What You Ought To Realize About Car Loan Calculators

There are lots of car loan calculators open to enable you to determine your payment per month or even your vehicle cost.

‘Buy or lease’ auto loan calculators are also available. These types of calculators are designed for evaluating quantities, and can let you see which the less expensive is actually for you.

One restriction of a car loan calculator is the fact that it’s not a quote. It is because your real repayments may change according to your individual situations.

The options that come with an auto loan calculator are generally similar. Many car finance calculators permit you to devote the amount of money you would like to loan. A while later, you’ll select just how many months you’d like to repay it. Eventually, it is possible to click the car loans calculator button to discover how it works on just how much you will end up paying the finance business. This could, naturally, rely on what number of months you decide on and what their apr (APR) is.

A finance calculator may be provided free on the net as an Excel Spreadsheet Download region. Its prepared utilize. All of them have actually a few loan scenarios on one 8×10 printout, enabling you to make fast decisions regarding your car loan. There are also auto loan calculators online at E-LOAN and Capital One automobile Finance. For those who have a PocketPC type PDA, you’ll download a version of some car loans calculator for PDA. You should use the spreadsheets evaluate online auto loan rates towards the car supplier car loan rates. Brand new car financing has not been simpler obtainable.

here are a few basic kinds of car finance calculators and determine which works best for your vehicle loan needs.

Free Car Loan Calculator – There are tons of no-cost car finance calculators around, specially on the net. Keep in mind all the calculators are just to sort out exacltly what the ideal monthly premiums must certanly be and so are NOT a quote. You can find no-cost car loan calculator links all over the net.

New Car Loan Calculator – brand-new car loan calculators allow you to work out your ideal monthly obligations. A lot of new car finance calculators may be used for a number of uses like used car financial loans. Using this calculator, you can often enter a rate of interest for your loan.

Online Auto Loan Calculator – there is a great deal of internet based auto loan calculators out there that can be used and you should get a hold of backlinks to online auto loan calculators that will ideally assist you in finding a price.

What makes car loan calculators of good use? You’ll want to calculate your vehicle loan payments and look up supplier charges for cars and trucks. Without having the understanding you have got produced from utilizing a car loan calculator, you could overlook much. Bank and boat finance companies could take advantage of your decreased research.

As you attempt to arrive at how much vehicle you can afford with auto loan calculators, don’t think in terms of the monthly payment or simply just of this total price of the car. The monthly payment, as we’ve seen, is controlled equally effortlessly and both approaches abandon various other expenses associated with the vehicle, such as for instance insurance coverage, gasoline and upkeep. To truly realize whenever you can afford a vehicle, you need to take all these factors under consideration. You will find ‘how much car could you pay for?’ calculators which will surely help you arrive at a close approximation. They work in the same manner as car loan calculators.

There’s nonetheless even more to complete before you decide to really start shopping for an automobile of your. Determine whether you should obtain a fresh or a pre-owned automobile and whether you will be better off purchasing or renting. You will find benefits and drawbacks to both concerns. In either case, car finance calculators can speed up your choice.

Uchenna Ani-Okoye is an online marketing consultant and co creator of complimentary Affiliate Programs

to find out more and resource links on automobile financing see: most useful Auto Loan Rates

What You Should Know About Auto Loans

Do students need a co-signer when applying for college student auto loans? If you visit the car dealer with an auto loan deal in hand, you’ll have more power and leverage when you’re negotiating for the price of the vehicle. Here’s how to find a lender: Ask your local bank if you’re already a customer, your bank or credit union might be willing to give you an auto loan, especially if you have a solid, positive banking history with them.

Taking advantage of an auto loan is probably going to be your best option when buying a new or used car. If your site offers auto loans, for example, offer your visitors new auto loans, used auto loans, even auto refinancing loans. Once you have improved your credit scores, you may qualify for a standard loan or a bad credit auto loan with better terms.

Higher credit score means a lower auto loan interest rate. Thankfully, the online process for applying for an auto loan allows one to know pretty quickly where one stands. I had $ 15,000 in consumer debt (credit cards and an auto loan), and I owed $ 15,000 to my mom.

Using any major search engine available, type in a search phrase such as online auto loan, a prospective borrower is better off focusing on all these factors in order to crack a good deal on auto loans. During business hours, online auto loans can be approved within an hour of application.

Did you know that it is possible to get approved for an auto loan after bankruptcy? It is important for you to be well aware of the term of your current auto loan contract so as to maximize the amount of money you can end up saving. Make use of online tools very straightforward, auto loan applications give you all the answers based on the information you have with online auto loans calculator.

Soon you receive your auto loan with amount of monthly interest payable. There are auto loan choices for people with bad credit, just as there are auto choices. Therefore you should use this calculator as guidance only before you have received any auto loan offers.

The contents of your report determine your auto loan rate. Online auto loan refinancing comparison shopping is very important when refinancing an auto loan. If looking for a bad credit auto loan, choose lenders that favour individuals with low credit scores.

The most important thing to consider before taking out an auto loan is how much you can afford to pay for the loan on a monthly basis. Economic forecasts indicate that auto loan interest rates are likely to fall in future.

However, because banks normally approve financing for new cars, their interest rates on a classic car auto loan are likely to be higher than those of a specialty lender. A secured auto loan, for example, may have a term of between three to five years. Auto dealers charge differential auto loan rates for different makes of car.

Wait 1 – 2 years before applying for auto loan after you have opened new credit accounts; periodically monitor your credit report. These motor vehicle loans are specially tailored for purchasing motor vehicles just like auto loans are customized for purchasing cars.

Uchenna Ani-Okoye is an internet marketing advisor and co founder of Free Affiliate Programs

For more information and resource links on car loans visit: Online Car Loans

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Lies About Poor Credit Loans

Poor credit loans are easier to get than most people would have you believe. Not only that, but you won’t have to settle for the first loan that’s offered to you because there are many lenders willing to offer you poor credit loans. You can be the one in control when lenders are hungry for your business. It doesn’t matter if you’re trying to get a personal loan, auto loan or even a home loan. Any of these loans can be had and fairly easily too even if you suffer from bad credit or just poor credit. And you can get a good deal as well.

You and I know that it’s unfair that some people can easily get any loan they need because they have the secret to keeping their credit scores high. And meanwhile, you and I struggle each month to make ends meet while the banks get richer by sticking us with higher and higher interest rates. You might be surprised to find out that many of the people out there getting great loans are using legal methods to raise their credit score and they are getting loans that are usually only offered to those with perfect credit records.

Yet those of us that are hardworking continue to be hit with high interest rates, fees and charges simply because we don’t have the secrets to getting poor credit loans and to increasing our credit scores. Why should we continue to suffer through this? Why not get the secrets to higher credit scores and get approved for the loans you know you deserve even if you have poor credit.

Think of requesting a loan as being similar to a job interview. The lenders are the prospective employers and you are the interviewee, competing with all the other applicants to be accepted and granted a poor credit loan. Just like in the job interview, you want to make the best impression if you expect to be accepted. All this means is that you’ll need to make sure your credit report is as clean as possible and raise your credit score as much as you can before applying for the loan.

Your credit report is like your resume to lenders. It tells them about your past history and gives them an idea of where you might go in the future. You wouldn’t submit a resume that reflected poorly on you would you? Then why allow your credit report to look bad. You want your credit report to be a positive reflection on you and your past credit and loan experiences. Make a positive impression even though you may be applying for a poor credit loan.

If you keep this analogy in mind you’ll be more likely to keep an eye on your credit report and make sure it is sparkling clean. Removing the negatives and highlighting the positives will not only increase you chances of getting poor credit loans, but will also result in lower interest rates for you. And once you get your credit report back on track there’s a good chance that you’ll never need to resort to poor credit loans ever again.

Just think of your credit report in the same light as your resume and keep it clean and sparkling. By removing as much negative information as possible you’ll keep your chances high of getting a loan easily and with a great interest rate. And best of all, you’ll be able to avoid ever needing to resort to poor credit loans.

Learn more about poor credit loans and all types of bad credit loans at the authors website.

Learn exactly how to leverage your rights to dispute, challenge, and potentially remove dings from your credit reports. This is a proven effective method to improve bad credit. For the full story and to grab your free report check out: http://www.yourbadcreditcard.net/poor-credit-score/

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About Home Equity Loans for Individuals With Bad Credit report

< iframe width=" 425 "height=" 355" src =" https://www.youtube.com/embed/PLJ0AthdZAw?rel=0" frameborder=" 0" allowfullscreen > Regarding House Equity Finances for Individuals With Bad Credit rating. Part of the collection: Home Equity Loans & Repossessions. Obtaining house equity financings with bad credit history could be practically impossible during a bad economic climate. FHA will permit cash money refinancing on an initial home mortgage to individuals with poor credit rating, yet that is the only alternative. Find out more about just how declining realty costs affects house equity loans with information from a home mortgage broker in this complimentary video clip on home equity financings. Read a lot more: http://www.ehow.com/video_4766084_home-loans-people-bad-credit.html

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A home equity car loan lets you exchange a component of this equity for cash money. You could utilize this cash money loan to earn home improvements or upgrades, spend for university tuition or clinical expenses, or take place vacation. It’s actually approximately you. And also, the rate of interest you pay on the funding is tax obligation deductible. Uncertain if you have sufficient equity accumulated in your house? Use our house equity car loan calculator to estimate your residence equity.

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Learning About Arizona Home Loan Loan Rates

If you’re thinking about going to some other condition, the very first thing you should look at may be the state’s system. This applies to the Arizona state, plus therefore if wish learn about housing, loans and Arizona mortgage loan prices.

Figures and establishments that’ll aid you in mortgage loans:

– The Department of finance institutions – a good option to ask about Arizona home mortgage loan rates the best place to start out may be the AZDFI. The AZDFI is a government institution responsible for the support of consumers along with the maintenance of financial growth through regulation and supervision of monetary businesses in Arizona. Its site provides a listing of licensed mortgage bankers and brokers.

– The Arizona State Banking Department – These people control and supervise licensed mortgage brokers in Arizona.

– The Mortgage Fraud Task Force – The Superintendent of Arizona is continually working to cope with home loan fraudulence in the state, where a Mortgage Fraud Task power had been created in 2006. This targets typical fraudulence systems like equity skimming and residential property flipping.

What Are best Arizona mortgage loan rates:

– Identify the price that you would like – if you’d like the most effective rates find home financing broker. Mortgage brokers have higher fees but are recognized to find much better interest levels. If you wish to save your time seek out home financing banker who can give you direct endorsement.

– find out more about your loan – Before signing any legal document, make sure you completely comprehend the loan told you. In Arizona, you have the right to terminate your contract within 3 days.

– Do some analysis – Look around for top level mortgage banker or agent. You will want to speak to an individual who is professional, patient together with your concerns and whom you tend to be confident with.

– Ask for license – particularly try to find certified home loan bankers or agents. These mortgage professionals are informed and updated about providing dilemmas, consumer matters, regulations and evaluation procedures. Arizona permits mortgage brokers and mortgage bankers, so you can depend on their services.

– The calculator – home loan calculators determines your month-to-month home loan repayments and total number of interest at the conclusion of your term.

– require guidelines – Ask men and women you trust and who are already familiar with mortgage loans in regards to the procedures included while consulting home financing loan expert.


A good organization cannot charge application, rate lock or upfront fees. It is often an authorized real-estate appraiser that charges costs. Remember to compare both rates of interest and closing prices.

just what Arizona lending solutions could offer:

The latest financing prices in Arizona could easily be found online. Online information can provide you factual statements about 5-year, 15-year and 30-year fixed price monthly averages plus. You may also find a summary of licensed Arizona lenders via the Internet. Many Arizona financing web sites offer no-cost estimates and people’ cost score. In addition they offer zero down payments, interest only and dismal credit programs that may focus on distinctive situations. The mortgage industry in Arizona is well established, so it’s easy to locate mortgage businesses might assist you to together with your loans.

Have more about Arizona mortgage loan prices. Know more about home mortgage online.

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What You Must Find out about Cashback Credit scores Cards

This write-up reveals the fact regarding exactly how financial institutions assign the regular monthly settlement in the bank’s rate of interest by establishing a pecking order predicated on the different rate of interest prices they charge, to make sure that holders of cashback charge card will constantly be punished, whatever activity they take. It also reveals why it is essential to restore your plastic once the opening cashback credit card offer time surfaces.

A leading money loan provider lately began a tv project which made terrific play concerning the dreadful fact that a big bulk of card providers split up usage routines into numerous groups then alloted a various rate of interest depending upon which classification was taken into account. These different levels were based upon the regarded costs versions of the ordinary bank card holder. Such individuals consist of owners of cashback credit cards.

If you go by the advert, a big bulk of bank card firms presume that the card user will begin by moving the balance from a previous card (thus cleaning the cancel) for an ordinary duration of 39 weeks. This will certainly go to zero percent rate of interest rate for that time. The bank card owner will then make a new purchase utilizing his/her plastic which will usually draw a rates of interest of about 15%.

The card individual might also make use of the cashback credit scores card for getting some ready cash money. Your rates of interest for money is set more than the rate billed for acquisitions, and this is on average between 19% and 21% but which might reach as high as 23 percent or over.

Now below’s where the hoax begins. As the monthly settlement comes around, the cashback charge card lender will make sure the less costly purchase products are at the head of the checklist when the time involves pay the minimum, or whatever percentage of repayment has actually been decided by the card holder.

Hence the most pricey parts of your bank card usage – which’s usually the cash money element – is rectified at the back where it will acquire even more interest, and also where all that rate of interest will be further worsened when rate of interest is credited the existing interest (all of us understand how it works, do not we?)

The cashback credit report card user might believe that they are removing things in a consistent manner, which if one kind of cash money brings in a higher passion price then that will be cancelled by the items acquisition which will certainly be billed out at a lower rate of interest. The reality is really various. Because the bank will certainly constantly place the less pricey section first in the paying power structure, as well as permit the much more costly components to just rest there accruing interest.

These greater passion price sectors will therefore always be the last to be paid. In the typical situation, for the initial 9 months of this cashback bank card all the repayments will certainly be made use of to pay the absolutely no interest section while the brand-new purchase as well as the cash component continue to be clocking up passion.

More importantly, the much more expensive parts will certainly always be at the back, always being paid off last. Last to go will certainly be that cash money advancement, with its huge 21% or whatever it is. It is ironic to believe that the longer the 0 interest duration, the longer the rate of interest will acquire! After that when you include on the fee that most cashback charge card nowadays charge for making that balance transfer, after that you know why the bank card business are making a lot money.

The only qualified remedy is to dispose the cashback charge card as well as move the equilibrium to a brand-new card when the rate of interest free period ends. Based upon what we have actually seen the financial institutions do as an issue of course, that actually is the only option. No exemptions.