The results found that one in three U.S. consumers would consider a mortgage from Walmart, while almost half would think about giving the thumbs up to PayPal for one, reports Reuters. That’s quite a message for banks, since neither of those companies is even in the mortgage business and yet consumers are willing to try something, anything other than banks.
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Wednesday, December 05, 2012
Study: There Are Plenty Of People Who Would Take Out A Walmart Or PayPal Mortgage
What’s an average citizen to do when getting a mortgage from a big bank or other financial institution isn’t an option? Perhaps you might consider taking out mortgages from a retailer like Walmart, or even PayPal? A new financial services study says there are plenty of people out there who would be down with a situation like that.
The results found that one in three U.S. consumers would consider a mortgage from Walmart, while almost half would think about giving the thumbs up to PayPal for one, reports Reuters. That’s quite a message for banks, since neither of those companies is even in the mortgage business and yet consumers are willing to try something, anything other than banks.
The results found that one in three U.S. consumers would consider a mortgage from Walmart, while almost half would think about giving the thumbs up to PayPal for one, reports Reuters. That’s quite a message for banks, since neither of those companies is even in the mortgage business and yet consumers are willing to try something, anything other than banks.
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2 comments:
since banks arent lending money I guess you have to get where you can
11:09 AM
And watch the interest rates. They like to soak people who have trouble getting a loan in conventional ways.
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