Local Bank Heroes!
While congress was dealing out tarp funds to the big boys by the tens of billions, you little community bank most likely kept chugging along. Now is the perfect time to reward your corner banker while getting what you desperately need in credit. Think about it. Banks make money by charging interest and fees on loans. Credit. All types and forms of credit. Firmly into the third quarter , the economy finally appears to be exiting recession. The markets are up - way up. Foreclosures are steady to down, and the rate of unemployment growth is finally abating. In fact, new home sales are reporting gains not enjoyed in almost 10 years in some markets. So, what does this all mean to you - the YCC consumer? A lot actually; but nothing more vitally powerful than the love fest - one stop shopping experience that only your local independent bank can deliver. Imagine a world where little banks fight for your credit related business - all of it! Imagine the perfect storm of dirt cheap loan rates, low or no fees, neighborhood convenience, genuine personal service, and literal hunger for your business. With some leading indicators turning the corner (home prices, home sales finally up ticking) and credit card card debt topping out at $10,235 for the average American, (a whopping 26.2% increase from 2006,) now might be the best possible time to investigate refinancing strategies as well as home equity loan (HELOC) programs. And, to take this opportunity a step farther, if you live in a neighborhood which has been ravaged by sub-prime crisis foreclosures, your local community development bank could be the savior of multiple nightmares. If your bank fuly qualifies under the CRA (Community Reinvestment Act,) it’s direct focus on your neighborhood credit rating process for below market rates and mortgage qualfication just might be the answered prayer you’ve been hoping for. Most importantly, your private bank wants and needs you - your total business, more than you need them. Exploit this unique opportunity and check out the story of ShoreBank, a community development financial institution (CDFI) based in Chicago’s south side. ShoreBank (and it’s comrade CDFI’s) is activly working to clean up the mess left by unscrupolous sub-prime lenders. So, why is all of this meaningful to you? Simple. In addition to your daily battle with credit card companies - with their agressive use it or lose it available credit to chasing the balance and outrageous account closures for paying down your balance; why not take advantage of credit counceling advocates? Are you fighting back with fees and over limit charges completely waived? Are you successfully maintaining enough true credit for emergencies? Why not?!
YCC is your personal power… Consolidate all of your debt - your credit - your savings - your primary mortgage - your HELOC - everything with that one special local bank. Choose wisely then fall in love with your banker! Watch your fees and nitpicking rules fall to nothing. Why? More profitable relationships = fewer fee dollars per engagement. Best part? When the going gets tough next time, your credit provider - now your financial partner, won’t desert you and leave you high and dry. Make your appointment now.
