I've been an accountant for 12 ys. but I was wondering does anyone have any advise on going into processing loans.
2006-11-15 13:31:36 · 7 answers · asked by lil'longhorn 1 in Business & Finance ➔ Credit
Go check out the articles at http://loans.hammocksurvivalguide.com/
2006-11-17 08:03:09 · answer #1 · answered by Edward J 2 · 0⤊ 0⤋
Actually - most auto financing is done based on "scoring". There actually is not the processing of loans that I believe you imply.
Dealerships do not make the credit determinations - except for buy here pay here sales lots & they generally do not process credit as do lenders.
My suggestion to you is this - if you are truly interested in lending and loan processing - I'd recommend consumer finance.
Consumer finance - finance companies, credit unions etc (more so than banking) generally will hire & train people. My experience has been that employees really really love it - or really really hate it. There seems to be no middle ground.
A real plus is that you have input, learn a lot, get to know the customers, AND your work varies from day to day. Simply processing credit application (to me) would be boring. I love that I get to do it all. From collections (challenging), lending and counseling to persons with financial problems. I love my job. And feel that I do make a difference in the lives of those I am involved with.
Good luck.
2006-11-16 00:53:02 · answer #2 · answered by chey_one 3 · 0⤊ 0⤋
once you've a monetary agency account, bypass on your monetary agency and ask to communicate with a private loan officer. they'll oftentimes have decrease charges of pastime and would artwork extra sturdy that could also help you get a private loan. once you've a invoice on your own call, alongside with a software, cable, or telephone you may get a actuality from them, putting forward how reliable you're at paying your invoice. they are going to probable only say how lengthy you've been a shopper, and no matter if you've been disconnected for non-fee. this can develop your case.
2016-11-24 21:45:27 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Well, it takes practice. You have to be able to do credit investigations and that takes training. You ahve to be able to read all credit reorts. The thing on yoru side is that you can read financial reports. But Im prjudice, Im a credit manager and have been doin git for 30 yrs. It takes training ot learn all the aspects of credit.
2006-11-15 13:36:27 · answer #4 · answered by gene m 3 · 0⤊ 0⤋
u hv to bring along the following documents:
1) one photo copy identity card.
2) latest 3 mth original copies salary payslip,
3) income tax EA form (latest copy).
u hv to sign four or five times on the document (Hire & Purchase) once u get approval from the loan.
2006-11-15 13:46:35 · answer #5 · answered by robert KS LEE. 6 · 0⤊ 0⤋
hi
2006-11-15 15:17:02 · answer #6 · answered by Anonymous · 0⤊ 0⤋
auto finance sucks.
i dont like it, but that doesnt mean you wont love it.
if you like to work alot of hours and spend your life in a cardealership knock yourself out.
ill pass.
id rather be poor.
2006-11-15 13:34:03 · answer #7 · answered by Anonymous · 0⤊ 0⤋