Originally Posted by Dweezel
Hi risk lending is not usually as sunny as they make it seem. Since they have such bad credit, your loans will be heavily fee laden as well as high interest rates. Not to mention some of the customers will be less than desirable to deal with. All I am saying is that the loans that are made to "high risk" individuals suck and will end up costing these people more than they gain.
I know people who have been on that side of the business and some did not have the stomach for it. I don't have any experience with it but figured I would pass that along. Just something to consider.
okay i see what you mean now. well, having experience in working at a bank, i understand that loan products for less desirable borrowers come with higher rates and fees but anyway....
a lot of that and what you said is a lot of the reason why im second guessing this move.... im coming from a very very very customer service driven organization and going someplace where sales and volume are the key to keeping your job, regardless of how your customer feels once you've made the sale.... thats a tough transition to go from one extreme to another in any job environment.
all in all, ive been leaning further and further from this offer but each time i take a look at the balance on my student loans, or another bill comes in the mail... it makes me wonder if i should just suck it up, give it a try, and make some extra money :hsdunno: