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09-14-2020, 12:32 PM #37
- Join Date
- Aug 2016
- Posts
- 486
Update!
So I have restructured my Swift Financial Paypal Loanbuilder account to a 10 year deal! My 1st draft comes out next Monday. The people at Paypal are a real joy to work with, and I really value the relationship I have built with them starting back in 1998. From a customer experience, ease of use, low cost, efficiency, & flexibility stand point they have set the bar...
I don't even understand how they are even able to do what they are doing over there... My original deal I had with them before covid was at 1.06, on 1 weekly ACH ( 4 per month). They have now restructured the deal to 1 monthly ACH, that is 92.21% lower! With such a low repayment draw, that pushes the time frame to repay the total outstanding amount to 120 months (10 years).
So for those that would like real numbers.
$6,026.60 per month is what I was paying. Now I am paying $469.37 per month. That's 92.21% less.
Wow! Considering the time value of money, this is a huge win for my business and the support that businesses need during this strange time!
Are these the kind of restructuring deals you all are seeing with other lenders? Or is Paypal setting the bar here as well?Last edited by Winning; 09-14-2020 at 12:34 PM.
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