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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.
Offer Home Improvement Financing to Credit Challenged Customer with Zip-Loan
As a home improvement business owner, you know that offering financing to your customers can help close more deals. However, it can be challenging to provide financing to customers who have credit challenges. That's where Zip-Loan comes in. We offer home improvement financing to credit challenged customers, so you can help more people get the home improvements they need while growing your business.
How Zip-Loan Helps Offer Home Improvement Financing to Credit Challenged Customer
With Zip-Loan, you can offer your credit challenged customers easy financing options for their home improvement needs. Here are two ways we can help:
Quick and Easy Application Process:
We provide an easy online application process that is simple for customers to complete. Our loan specialists work quickly to approve loans so you can complete the job on time.
Credit Approval Flexibility:
We understand that customers with credit challenges may still be responsible borrowers. As such, we have flexible approval criteria that consider multiple factors such as income, job history, and other financial obligations. This approach helps more of your customers get approved for financing, which means you can sell more jobs.
5 Reasons to Choose Zip-Loan for Financing Access
Here are five reasons why you should choose Zip-Loan for your home improvement financing needs:
High Approval Rates:
Our flexible approval criteria mean that we can help more customers get approved for financing, even those with credit challenges.
Competitive Rates:
We offer competitive rates that can save your customers money and increase the likelihood of them choosing your business.
Fast Funding:
We provide quick funding so you can start the job without delay.
Customizable Loan Programs:
We work with you to customize loan programs that meet your customers' specific needs. This customization helps increase the chances of your customer saying yes to your services.
Long-Term Customer Relationships:
We're committed to building long-term relationships with our customers. That's why we offer additional financing options that can help them with their future home improvement needs.
High Approval Rates
At Zip-Loan, we understand that credit scores are not always indicative of a borrower's ability to repay a loan. As such, we have flexible approval criteria that consider multiple factors such as income, job history, and other financial obligations. This approach allows us to help more customers get approved for financing, even those with credit challenges. With our high approval rates, you can sell more jobs and grow your business.
Competitive Rates
We offer competitive rates that can save your customers money and increase the likelihood of them choosing your business. Our team works with you to customize loan programs with competitive rates that meet your customer's specific needs. This customization helps increase the chances of your customer saying yes to your services.
Fast Funding
We understand that time is of the essence when it comes to home improvement projects. That's why we provide quick funding so you can start the job without delay. Our quick financing process ensures that you receive funds quickly, often within 24 hours of loan approval.
Customizable Loan Programs
We work with you to customize loan programs that meet your customers' specific needs. This customization helps increase the chances of your customer saying yes to your services. By offering loan programs tailored to your customers' needs, you build trust and strengthen your relationship with them.
Long-Term Customer Relationships
We're committed to building long-term relationships with our customers. That's why we offer additional financing options that can help them with their future home improvement needs. By working with us, you show your customers that you care about their long-term financial well-being.
In conclusion, offering home improvement financing to credit challenged customers can help grow your business, and Zip-Loan can help make it happen. With our high approval rates, competitive rates, fast funding, customizable loan programs, and long-term customer relationships, we make it easy for you to offer financing options that are beneficial to your business and your customers. Contact Zip-Loan today and let us help you grow your business.
offer Home improvement financing to credit challenged customer
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.
