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Brokers win unsecured credit card program

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Mortgage Broker News | 04 Oct 2012, 10:00 AM Agree 0
Brokers are gaining an extra revenue stream with an unsecured credit card program Dominion Lending Centres is ready to drop next month, according to the mortgage broker network.
  • Stephane Prevost DLC Alliance | 05 Oct 2012, 04:06 AM Agree 0
    Glad to see its unsecured!
  • Cory | 05 Oct 2012, 04:26 AM Agree 0
    Another DLC story which does get old, BUT. This is a great piece of information. Good job DLC, this is something I have been suggesting our industry needs for years. I am glad to see it has come to fruition. Next step........ limited investment opportunities and other forms of credit.
  • Paul Mangion | 05 Oct 2012, 05:56 AM Agree 0
    Everybody is bombarded with credit card apps at stores, gas stations, malls and in the mail. Why would they sign up with their mortgage broker. It is always good to have new products to offer customers but credit cards are not one of them. The big banks push the government to make it harder for people to refinance their house and we argue that the banks are the problem with their easy credit cards and the rules should actually be changed on credit cards and not mortgages. The income would be minimal income unless you want to stand around in the mall and beg people to apply. Way to go DLC you are now creating a network of agents that most people try to avoid when you walk into a store. What a great image our industry needs.
  • John Dearin RPA,. AMP. | 05 Oct 2012, 05:57 AM Agree 0
    Got to say, this should be an amazing product for the DLC franchise, though I am waiting the nitty gritty details before I laud Gary and his team too loudly.

    Next? GIC's, RRSP's TFSA's, vehicle loans, not necessarily in that order Gary.
  • Ottawa Agent | 10 Oct 2012, 04:20 AM Agree 0
    Weren't we all just complaining that unsecured credit cards are what has effected our economy, not mortgages? Now the tune changes since brokers have access to the unsecured credit cards? Sounds two faced to me. Now we are doing just what the banks are doing and we were complaining about the banks. LOL, comical.
  • BC Broker | 11 Oct 2012, 08:50 AM Agree 0
    Sounds like an affinity card program to me.
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