Why We're Hellbent on Helping People Save Money

We just launched our blog and thought a great first post would be to write more about the personal mission that propels our corporate mission here at Hip Pocket.

As a company, our goal is to help people get more context around their financial products so they can be confident that they are saving the most money on some of their major life financial decisions, such as their mortgage. Context provides more confidence. We work with banks that believe in this and believe in putting their customers first! The benefit for them is more loans and customers who will consolidate accounts and stay longer.

Personally, I (Mark – Founder & CEO) love saving people money, myself included!

I’m the guy who talks money at a party in the hopes of helping people better understand the mortgage refinance boom.

I’m the guy who once met a recent grad school graduate in Chicago’s Midway airport and then worked with him over the course of six months to get his student loans consolidated after learning that he had some as high as 9%!

I’m the guy who once called Lowe’s Hardware six months later after purchasing a ceiling fan after I saw the fan was on sale and came with a gift card. After a 10 minute conversation with an amazing and helpful Lowe’s staff member, I was able to get the new price ($30 off!) and the $25 gift card. Timing, information, and luck sometimes play a hand in whether we’re saving the most money or we’re overpaying by $55 in this case. It shouldn’t be that way for something like a mortgage or auto loan, yet it can be.

Over my nine years working with banks and credit unions as a consultant, I’d see their data and their market data that showed 1000s of people who looked identical from a credit, income, and demographic perspective but who were all at different rates on their mortgages or auto loans. Our marketing goal was to help these individuals (current customers or prospects) understand that they weren’t getting as good of a deal as they could and potentially paying thousands of dollars in unnecessary interest. Unfortunately, maybe 4% of the people would respond to our offers, leaving 96% of the market falling behind and paying too much.

Hip Pocket is working to bring this discrepancy to light. To make transparent what was before hidden. To arm consumers with the information of where they stand compared to people like them and what they can do about it to save the most money! The benefit for our clients is more loans for your financial insitution!

We look for ways to do this everyday and for new banks and credit unions to work with who believe in putting their customers/members first. We sleep like babies at night when we get to do this!

Learn more about what we do and how we can help your financial institution at www.hippocket.net.