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By Offering All Customers Payment Plans Regardless of Credit
Offer payment plans at point of sale that is simple, fast , and as easy as a card transaction.
Easy Home Improvement Customer Financing in MI with Zip-Loan
If you are a business owner, then you know that financing options can be overwhelming. There are benefits and risks to consider, various financial products, and different vendors to choose from. However, with the right knowledge and tools, you can make an informed decision that will help leverage your business success tomorrow. This is where Zip-Loan comes in. As a leading provider in retail consumer financing, Zip-Loan offers flexible payment plans for customers and business owners alike. In this article, we will focus on how Zip-Loan can help you with home improvement customer financing in MI.
Benefits of Home Improvement Customer Financing MI
As a business owner, having the option to offer financing to your customers can give you an edge over your competitors. It can also increase sales and customer satisfaction. With Zip-Loan, you can provide your customers with flexible payment plans that suit their needs and budget. This means that they are more likely to complete larger projects, which will benefit both you and your customer.
Zip-Loan's Reputation
Zip-Loan is a financial technology company specializing in retail merchants. The company is a disruptor using technology to provide financial services with speed, ease, and transparency. They have dozens of lending partners and the latest fintech to streamline the process for both consumers and businesses. With Zip-Loan, small and mid-sized merchants can now access financial products only large companies could enjoy because of the due diligence required.
Customer Care Commitment
Zip-Loan is committed to providing excellent customer service to its clients. They understand that every business is unique, and therefore, they offer customized options to their clients. They work closely with each client to ensure that they receive the best possible financing solution that meets their specific needs.
Easy Financing Process
Zip-Loan's financing process is quick and easy. They have streamlined the underwriting process for quicker approvals. Once approved, the funds are deposited directly into your account within a few business days. The repayment process is also simple and convenient since payments can be made online or through automatic withdrawal.
Home Improvement Customer Financing MI Pro Tips
In conclusion, Zip-Loan is an excellent choice for businesses looking for easy home improvement customer financing in MI. With their variety of financial products, excellent customer service, and easy financing process, Zip-Loan can help your business elevate to the next level. Take advantage of the pro tips mentioned above to get started on your financing journey with Zip-Loan™ today.
Key Takeaways:
Zip Loan has formed partnerships with leading financial institutions and lenders for the sole purpose of creating an integrated first look experience. Consumers can see all their options in one location, which makes them more inclined to buy.
APIs support the application, credit rating, pre-approval, and final offer for a smooth process from start to finish. Each financial provider has a tailored workflow to its algorithms and necessary functionality. These APIs handle special requirements seamlessly and speed them up.
This modular solution supports pre-approval concepts, promotional payment programs, and joint application processing.
This module supports both online and storefront transactions, pending the approval of third-party partners. With practical features like same-day voiding, partial or full post return, and support for on-site facilities, the first look module is a sensible choice.
Businesses need to know their revenue figures, so this modular software makes it easy. Companies can quickly check daily transactions reports, merchant reporting, individual transaction reviews, individual account settlement status, and merchant-wide settlement reports.
Customers can also verify their accounts and track their payments.
The solution modules are designed so they can work independently or within an existing customer system. The modular payment solution integrates with the most popular software easily, or the development team can build a custom bridge.
Zip Loan offers full look customization. Clients can choose to use the existing clean interface or create their own to match the rest of their process. Zip Loan offers workflow optimization and assistance.
Second look solutions often require multi-level or multi-partner financing options. Zip Loan facilitates that through the second look module for consumers who are typically considered sub-prime borrowers. The process matches the first look module, and the two integrate seamlessly for a better customer experience when deployed together.
Functional APIs allow quick processing for application, credit rating, pre-approval, and final offer for each financial institution. The API expedites special requests and manages the process flow based on what information the consumer provides.
Joint application processing, pre-approval concepts, and promotional payment options are available with this module.
Businesses need to know their revenue figures, so this modular software makes it easy. Companies can quickly check daily transactions reports, merchant reporting, individual transaction reviews, individual account settlement status, and merchant-wide settlement reports.
Customers can also verify their accounts and track their payments.
All modules include in-depth reporting so partner companies can better manage their revenue stream. Available reports include individual transaction review, individual account settlement status, merchant
reporting, daily transactions report, and merchant-wide settlement reports.
Customers can also verify their own accounts and perform specific actions.
Payment plans may seem newer, but the practice is a well-recognized payment method with decades of history. At Zip Loan, we’ve been providing payment plan solutions for years to helps businesses gain customers, even those without excellent credit.
Zip Loan provides an end-to-end solution for every client. This model uses advanced origination modules and comprehensive software solutions for every eventuality. As with first look and second look modules, this software can be used alone or as a modular waterfall solution.
The third look and merchant backed plan module can be implemented alone or with partner workflows for a seamless experience. The APIs handle all the origination and underwriting mechanisms as well as the payment plan execution.
This modular payment solution includes four potential mechanisms for ease of use:
This module uses a proprietary software solution for underwriting criteria that companies can customize using a rules system. Companies can specify each aspect of the payment terms based on their clients’ risk factors when filling out their profile. The platform has an API for credit risk factors and can check credit scores.
The interface for consumers is straightforward and simple to operate. Changes companies make to criteria are reflected immediately, and users are not notified when a company changes its rules. Instead, the consumer sees different offers at the next search.
The module platform creates the necessary legal documentation based on the merchant inputs. The platform includes a signature pad for ease of use and email status updates on the customer’s requests. For the consumer, the straightforward workflow looks like this:
Once the consumer signs the documents, the recurring billing system handles all payment management. There’s no need for the company to chase the consumer. If necessary, the collections module handles any missed payments.
