Business People Club

Search All Topics !

How Do I Choose A Lender?

0 like 0 dislike
221 views
by MammothMoth
How Do I Choose A Lender?

Advertise With Us

Create and Manage Your Sponsored Content

Promote Your Products and Services

 

  • Niche Categories
  • Flat Pricing
  • Unlimited Views
  • Sell Products
  • Highlighted Sponsored Post
  • Sell Services
  • Promote Causes
  • Reply To Customer Inquiries
  • Build Backlinks
  • Promote Affiliate Links
  • Instant Notifications
  • Build Author Profile
  • Cancel Anytime
  • Get Started

Your comment

Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

1 Comment

0 like 0 dislike
commented by TrainedGuy
The growing demand for various types loan has led to the increase in the population of lenders in the country.  Other than Banks and forms of financial institutions there are private lenders and mortgage brokers.  What are the guidelines that a borrower should follow while choosing a lender?  The choice of a lender must be such that the borrower gets the best deal while not being cheated.  Other than the various acts and rules that the Government has imposed along with the respective state laws, there are certain methods by which a borrower chooses his lender.  

The guidelines to be followed are a. License: The lender must have a license recognized by the Government to lend, without the license he cannot commercially lend.  The license must be issued by the state and he cannot obtain license in one state and lend in another, this is against law. b. Reputation: The lender must have a good reputation wherein the earlier clients can give recommendation to the client as being honest and one who provides good rates. This reputation can only achieved through word of mouth.  c.  The lender must be honest, he must not cheat the borrower and must put forth all the available options and its pros and cons while choosing them.  d. The lender must be transparent while dealing with any of his clients; he must not have hidden claims and hidden costs while processing one loan.  He must put forth all the laws and abide by the same.  f. All the information given by the borrower must be stored in a encrypted form and this is a norm being followed everywhere. The encrypted form is required because the borrowers information can be kept confidential and is not exposed to others. G. The lender must keep all the financial and personal information of the borrower strictly confidential any steps taken by the lender to breach the same is an offence and can be sentenced for the same. h. The lenders and the borrower must have written agreement wherein the property or the valuable that is kept as mortgage is mentioned.  The various terms and conditions while offering the loan must be clearly and honestly written in the agreement.  The rates of interest and the principle offered by the lender must also be mentioned.  These various guidelines are required to protect the interest of both the lender and the borrower.

It is a great offence if the lender does not provide the authorizing organization the terms and conditions put forth by him while providing loans, in the similar manner the interest rate charged and the securities he accepts while advancing loans must be mentioned.  It is also a great offence if the lender discloses any information of the borrower, which is not public.  Thus the various acts, rules and the above given guidelines when followed protects the interest of both the lender and the borrower.

Related posts

0 like 0 dislike
1 Comment 237 views
How Can I Get Out Of Debt?

How Can I Get Out Of Debt?

by Oystrich
0 like 0 dislike
1 Comment 266 views
How in the World Do People Save Money?

How in the World Do People Save Money?

by PlushSeal
0 like 0 dislike
1 Comment 209 views
How Do Interest Rates Work?

How Do Interest Rates Work?

by CheeryGrin
0 like 0 dislike
0 comments 168 views
Five Steps to Create a Budget for your Small Business

How I hate budgets! Every time an accountant told me to put together a budget for my company, my response was - When ... Have systems in place to increase revenue and decrease expenses as necessary.

by UncleRhino
0 like 0 dislike
1 Comment 263 views
How to save money as small business owner?

How to save money as small business owner?

by AmazingKitty
0 like 0 dislike
1 Comment 230 views
How To Safeguard Your Financial Life?

How To Safeguard Your Financial Life?

by KeyboardPie
0 like 0 dislike
1 Comment 350 views
How to Find Hidden Money for Your Business Through Revenue Recovery?

How to Find Hidden Money for Your Business Through Revenue Recovery?

by UncleRhino
0 like 0 dislike
1 Comment 297 views
How to raise funds?

How to raise funds?

by Cybora
0 like 0 dislike
1 Comment 205 views
How To Make Sure Your Financial Budget Will Succeed?

How To Make Sure Your Financial Budget Will Succeed?

by SleepyFledgling
0 like 0 dislike
1 Comment 911 views
How To Save Money On Your Home Heating Bills?

How To Save Money On Your Home Heating Bills?

by SwiftHeroine
0 like 0 dislike
1 Comment 230 views
How to Choose a Credit Card Processing Company?

How to Choose a Credit Card Processing Company?

by ForceSoldier
0 like 0 dislike
1 Comment 194 views
How to Choose a Bank That is Right For You and Your Business?

How to Choose a Bank That is Right For You and Your Business?

by GreedyPig
0 like 0 dislike
1 Comment 293 views
What is "RSS" and Do I Need It?

What is "RSS" and Do I Need It?

by TrainedGuy
0 like 0 dislike
0 comments 273 views
Cost-Reducing Tips for the Small-Business Owner

One of the keys to running a successful small business or home office is learning to control costs. Even the smallest expenses can ... a postage meter or get a mail scale to eliminate overpaying.

by HuggingDuck
0 like 0 dislike
0 comments 174 views
Business Funding Sources

When you decide to open a business on your own, often times the excitement will have you ready to launch your idea right away, however ... can start at $20,000 all the way up to around two million.

by TrainedGuy
0 like 0 dislike
0 comments 156 views
6 Tips For Saving Money On Your Next Computer Purchase

Buying a Computer does not need to be a budget breaker. A Computer purchase often includes additional components and software ... buying, will keep the salesman commissions from emptying your wallet!

by SnailMail
0 like 0 dislike
1 Comment 217 views
Tips For Better Online Banking?

Tips For Better Online Banking?

by Mosquiche
0 like 0 dislike
1 Comment 320 views
0 like 0 dislike
1 Comment 186 views
How Do You Set Consulting Fees?

How Do You Set Consulting Fees?

by TrainedGuy
0 like 0 dislike
1 Comment 223 views
How Do I Start a Home Based Gift Basket Business?

How Do I Start a Home Based Gift Basket Business?

by Mosquiche
0 like 0 dislike
1 Comment 239 views
Should I Outsource My Bookkeeping?

Should I Outsource My Bookkeeping?

by Knighthawk
0 like 0 dislike
0 comments 139 views
How to create A Trade Show Budget?

How to create A Trade Show Budget?

by Falconjurer
0 like 0 dislike
1 Comment 239 views
How To Get Approved For A Student Credit Card?

How To Get Approved For A Student Credit Card?

by FoolishJaguar
0 like 0 dislike
1 Comment 212 views
How to apply for a car loan?

How to apply for a car loan?

by KeyboardPie
0 like 0 dislike
0 comments 157 views
How A Loan Can Help You Fix Up Your House?

How A Loan Can Help You Fix Up Your House?

by HarmlessRose
0 like 0 dislike
1 Comment 425 views
What to Ask When Choosing a Home Equity Loan?

What to Ask When Choosing a Home Equity Loan?

by Sassassin
0 like 0 dislike
1 Comment 265 views
How To Make Money Selling Ebooks?

How To Make Money Selling Ebooks?

by HairyFoal
0 like 0 dislike
1 Comment 283 views
How To Make Money Using RSS Feeds?

can you really make money using rss feed?

by HarshThunder
0 like 0 dislike
1 Comment 221 views
0 like 0 dislike
1 Comment 214 views
How to make money on craigslist?

How to make money on craigslist?

by MammothMoth
0 like 0 dislike
1 Comment 179 views
How To Save Money On Gas?

How to save money on car’s gasoline?

by KeyboardPie
0 like 0 dislike
1 Comment 287 views
0 like 0 dislike
1 Comment 233 views
Why should I do a news release?

Why should I do a news release?

by Dingopher
0 like 0 dislike
0 comments 293 views
Why Is Invoice Factoring Financing Better Than A Business Loan

Are you looking for a business loan? Many business owners who need financing start their financing search by looking for a business ... and you need financing, be sure to consider invoice factoring.

image
by FlamboyantChomper
0 like 0 dislike
1 Comment 172 views
What to look for in a credit repair company online?

What to look for in a credit repair company online?

by Madept
0 like 0 dislike
1 Comment 196 views
What are the Advantages of a Home Equity Loan?

What are the Advantages of a Home Equity Loan?

by OpinionOwl
0 like 0 dislike
1 Comment 193 views
How Do I Extract The Maximum Money Out Of Google Adsense?

How Do I Extract The Maximum Money Out Of Google Adsense?

by SilentTrooper
0 like 0 dislike
1 Comment 175 views
How do i sell restaurant franchise?

How do i sell restaurant franchise. I am tired of running my restaurant franchise. How do I sell it?

by LoyalChief
0 like 0 dislike
1 Comment 202 views
How do I know If I am an entrepreneur?

How do I know If I am an entrepreneur?

by LovableStorm
0 like 0 dislike
1 Comment 203 views
How do I compete with other Resellers who own the same product?

What are the ways I can compete with other resellers?

by Duskunk
0 like 0 dislike
1 Comment 275 views
How to attract big investors for Small Cap Companies ?

How to attract big investors for Small Cap Companies ?

by DreamBaby
0 like 0 dislike
1 Comment 237 views
How to get business grants?

How to get business grants?

by Conjursa
0 like 0 dislike
1 Comment 258 views
How To Cut Your Household Expenses?

How To Cut Your Household Expenses?

by SwiftHeroine
0 like 0 dislike
1 Comment 197 views
How to Increase Your Credit Card Limit?

How to Increase Your Credit Card Limit?

by Amigod
0 like 0 dislike
1 Comment 172 views
How to repair your credit?

How to repair your credit?

by VirtualAssassin
Connect with us:
...