Who Makes The Decisions
When applying for a loan it is also important to know who is going to be making the final decision as to whether you get accepted or rejected.
According to recent CFIB data, the decision maker breakdown looks like this:
� 36% of decisions are made by the head or regional offices
� 31% of decisions are unknown who the final decision maker is
� 25% of decisions are made by the local branch office
� 8% of decisions are made by automated credit scoring models
What is interesting to note is that most of the decisions are still made by real people, not computers. And people make emotional decisions, not always rational ones. By presenting your case and letting the decision maker get to know you and your story, you can increase the chance that they will say yes.
According to recent CFIB data, the decision maker breakdown looks like this:
� 36% of decisions are made by the head or regional offices
� 31% of decisions are unknown who the final decision maker is
� 25% of decisions are made by the local branch office
� 8% of decisions are made by automated credit scoring models
What is interesting to note is that most of the decisions are still made by real people, not computers. And people make emotional decisions, not always rational ones. By presenting your case and letting the decision maker get to know you and your story, you can increase the chance that they will say yes.
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For more information, visit www.EvanCarmichael.com. |
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