Why is it so hard to talk about needing money?

There seems to be a spectrum that exists for people who need money. On one end of the spectrum are those that think they can tell a bank or lender what their looking for and demand the terms they want. On the other end of the spectrum are people who don’t say anything and assume they are destined to be declined if they step out and ask a bank or lender for money. In either case talking about needing money can be very hard.  Why is this? Continue reading “Why is it so hard to talk about needing money?”

Who owns a piece of you? (Understanding guarantees)

Disclaimer: I am not a lawyer.  This is one of those topics that causes heart burn for individuals and businesses that may be unfamiliar with how banks and lenders operate.  This topic is almost as bad as discussing bank fees – but not quite.  What is a guarantee?  A guarantee is an agreement that either you or your company is liable for a debt or obligation.  There are 2 basic kinds of guarantees: personal and corporate.  A personal guarantee means you are liable for a debt or obligation and a corporate guarantee means your company is liable for a debt or obligation.  So what’s the big deal? Continue reading “Who owns a piece of you? (Understanding guarantees)”

How a bad date and working with a bank are the same

Admit it.  Either you or somebody you know has had that experience of getting excited to go on a date only to be more than disappointed.  It wasn’t the event that they went to or the restaurant they ate at or even the conversation – it was usually the let down from the over promise of what they were expecting from the date.  In the past week I was reminded that going on a bad date is like working with a bank to get a mortgage or loan.  Banks have many layers of people and systems that need to work together in order to lend you the money you are looking for.  A bank manager may genuinely have good intentions when they tell you “yes we can take a look at your request” only to tell you later “sorry our credit department has declined you”.  What a let down.  I did some research to see how people avoid going on bad dates to see if there were some ideas I could borrow when helping people (and businesses) work with a bank.

Continue reading “How a bad date and working with a bank are the same”

Who is your champion? Don’t have one? Get one.

You may not know this or even have considered you would need this – but we all do.  We all need a champion for our cause.  Without a champion is can be hard to get to where we need to be or to get what we are looking for.  In my experience over the past 18 years working to get money for people and businesses I can attest to the importance of having someone support your cause and help you fight the good fight. Continue reading “Who is your champion? Don’t have one? Get one.”

2 clients that hated our service

It’s not every day that a company will share the complaints it receives from its customers but I thought it would be a great opportunity to address some of the things we deal with that people may not know or care to know.  Over the past 12 years I can assure you that not every client we have done some work for has been our biggest fan.  Sometimes we have made mistakes, other times we have addressed situations that in hindsight should have been handled differently.  We are people who are subject to shortcomings and failings like anyone else but we always look to make the best decisions we can to help our clients do more. Continue reading “2 clients that hated our service”