Historically, personal loans have not been a big draw for brokers. Theyve often been viewed as short-lived small fry, and something easy enough for consumers to take charge of themselves. But are brokers missing out? Annie Kane takes a look at what the personal loan space could offer the third-party channel.
If someone came to you asking for a personal loan, would you write one for them or point them to a reputable lender? If youre doing the latter, you could be missing out. According to analysis by non-bank lender Liberty, credit card debt in Australia currently totals more than $32 billion, with the average credit card holder carrying $4,400 in debt. But, with credit card interest rates hovering at around 14 per cent, consumers coul…
Read the full article at: http://www.theadviser.com.au/features/rankings/35677-up-close-and-personal