The 2017 University of Lending schedule is out. Select your destination and register here at http://www.rexcuadvice.com/university-of-lending/courses.
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Debt consolidation loans are arguably the hardest loans to decision, but they can also be the most profitable. Have we given our decision makers the tools to underwrite these loans? Webinar 34 will focus on: . How to incorporate debt consolidation loans into your loan policy o What limits make sense based on credit score . How to effectively interview the member o What is the member's motivation; why today, why us?
Consider the following: A "B" paper member with a $15,000 debt consolidation will earn two times the loan revenue over the same member financing a car loan with you. Using the same required payments the member has been making, they would be debt free in 42 months. This is a win/win for everyone!