Reply by Moneyman/TX on 5/24/11 9:51pm Msg #384227
Basically the same advice as everyone else.
1) NEVER pay a SS to be listed on their roster. They cannot, and will not, guarantee you any set amount of loans per month, they cannot guarantee that they will even meet your fees. Think of it as paying to advertise your services to one (1) single company. They are the only potential customer that will ever see your ad (their database). These charges are nothing more than a stream of income to the companies. They need NSAs in order to stay in business. Your money is better spent on other advertisement IMO. I have never paid any company to be listed in their database and I will not.
2) Use Signing Central (SC) and learn to read the trends in the ratings and comments of the companies. Some companies that used to be really good may no longer be that good, in terms of payment times and/or amount offered. As a result, some of the 3-4 star companies may actually be a 1-2 star company if you only used the last 12-18 months. If a company has nothing but non-payment or slow payment in the last 3-4 months, personally, I pass them up until I see that they are back on track or at least heading in that direction.
3) Read this board all the time and keep up with posts about companies. It can give you a really good heads up on a company that is trending in the wrong direction but might not show up for another month or two in the companies ratings.
4) Return the favor to everyone else by rating companies you have had experiences with and keep the ratings updated. Join in the discussions and report both good and bad companies. There are good ones out there that we sometimes forget to give credit to.
Good luck! 
|