8 Questions
What is ZimpleMoney?
A back-office automation product for loan repayment
What is the benefit of using ZimpleMoney's Pro plan?
It allows for more control over creating new loan accounts
Who can benefit from using ZimpleMoney?
Anyone lending money
What is the purpose of ZimpleMoney's loan tracker?
To assist with filing 1098 forms for taxes
What is the main challenge with collecting monthly loan payments?
Lack of proper automation
What is the cost of using ZimpleMoney?
Varies depending on the volume of loans being extended
What does ZimpleMoney emulate when setting up a new loan?
The loan agreement information
What is the benefit of using ZimpleMoney compared to physical check collection or an actual loan servicing company?
It offers a fully automated system for loan repayment
Study Notes
ZimpleMoney: The Affordable and Automated Solution for Loan Repayment
- Owner financing allows for faster sales and passive income streams
- Collecting monthly payments can be difficult without proper automation
- ZimpleMoney offers a fully automated system for loan repayment without requiring a loan servicing company
- It is a back-office automation product that is ideal for real estate investors and anyone lending money
- Setting up a new loan with ZimpleMoney is easy and emulates the information in the loan agreement
- Both the lender and borrower have access to their own ZimpleMoney account to check the status of their loan
- Several pricing plans, including a free option, are available depending on the volume of loans being extended
- The ZimpleMoney Pro plan offers the ability to be the ACH Merchant, giving more control over creating new loan accounts
- The additional cost of the Pro plan is justified for those who regularly extend loans or have less tech-savvy borrowers
- ZimpleMoney offers a basic loan tracker for accounting purposes, but the premium loan tracker offers automation
- ZimpleMoney is a more sensible and affordable solution compared to collecting physical checks or using an actual loan servicing company
- It does not automate every aspect of loan servicing, but it can assist with filing 1098 forms for taxes.
Are you a real estate investor or someone who lends money? Do you struggle with collecting monthly payments and managing the repayment process? Look no further than ZimpleMoney! This affordable and automated solution offers a fully automated system for loan repayment without the need for a loan servicing company. Take our quiz to see if ZimpleMoney is the right fit for you and your lending needs. Learn about the different pricing plans and features, including the Pro plan that allows you to be the ACH Merchant. Discover how
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