Our consumer finance program is designed to help commercial clients obtain a higher percentage of approvals for their consumer customers. We also can focus on the difficult to approve "Micro" ticket items (>$500). Contact us to help us determine and tailor a program to your needs.

A brief overview of the program.

Our underwriter buys contracts with A or D credit.  Typically these consumers will have a credit score of 550 and above.  Because we do not buy solely on score there may be consumers who score lower and still qualify, as well as consumers who score higher and do not qualify.  We will look at every item on the credit report as well as income when making our decision.  If the consumer has good credit and a couple of small medical collections (a bank would deny this) we may approve the contract.  We may also buy contracts where consumers have filed a prior bankruptcy that have been discharged, was filed more than a year ago, and have re-established good credit for a year’s time.  Traditional lenders do not approve financing for these consumers.  

 The turn around time for pre-approval is typically 24 hours with the exception of weekends and holidays.  We fund on contracts once we have received all original, signed documents, confirmed employment/income, and made our verification with the consumer.  Typically we are able to fund within 3-5 days of receiving the original documents.

We can purchase contracts that range from $500 to $10,000.  Our rates will reflect the term at which your contract is written.  Rates to the customer will vary, and discount and reserve conditions will apply to the dealer. Minimum monthly volume amounts will be required. Please contact our reps for details.