ASP- America's Swimming Pool Company’s Post

Great article to digest ! Increasing approval rates through a single “automated” credit application process versus one lender “manually” at a time SAVES SALES. LendPro is a proven solution!! Retailers, who wish to grow their sales, direct message me to gain a full analysis of your Consumer Finance line up and process. “Multi-lender financing is another way to boost brand loyalty: a single financing application cascades from bank to lender, increasing approval rates, driving higher conversions for the merchant, and giving customers a more positive user experience and outcome. However, while multi-lender financing is important, it needs to be implemented properly and responsibly. The focus shouldn't be just on getting approvals and pushing loans without the proper assessment, particularly when not in the consumer's long-term best interests.”

Is your business letting the perfect be the enemy of the good when it comes to customer financing? https://loom.ly/o8L6d4I #flexxbuy #customerfinancing #clientfinancing #patientfinancing

Another great article and insights from Joseph Dobrian and the folks from Furniture Today. Financing has to be a strong focus for furniture retailers right now. If adding flexibility, a seamless customer experience or premium lender capabilities aren't in your 2024 strategy, it should be!! Great to share my point of view in the article with industry veterans, and great partners of ChargeAfter, like Reid Bork, Ryan Slobodian, Shawn Sieck, Danielle Vincent, Edward Haluska and Curtis Howse. Check out the full article below! “But the more comprehensive a merchant’s lending network is, the more safeguarded they are against changes made by a single lender,” Denman said. “Merchants tied to a single lender can find themselves — and their customers — without alternative if their financing provider adjusts their credit box, changes their merchant discount rates or ceases operations. Using a third-party platform, like ChargeAfter, offers security and flexibility, and it enables merchants to keep approval rates high, at competitive terms.” #chargeafter #embeddedlending #embeddedfinance #POSfinancing https://lnkd.in/g5YFGbKb

“But the more comprehensive a merchant’s lending network is, the more safeguarded they are against changes made by a single lender. Merchants tied to a single lender can find themselves — and their customers — without alternative (...)" Read more from Mark Denman on this Furniture Today article.

Lenders: want to increase on-time payments, customer retention and gain a competitive advantage? Find out what loan payment preferences consumers want most in our latest blog post. Check it out here 👉 https://hubs.ly/Q02zwrfj0 #alternativepayments #cx #lending

With mello® POS (point of sale), we've virtually eliminated the hassles that come with originating loans. Not only does it guide our Loan Consultants, but they can originate from anywhere without being tethered to a network. Want to learn more? Let me know!

Unlocking New Sales with Second-Look Financing Economic headwinds like inflation and rising interest rates have put a squeeze on consumer finances and dampened spending. As prime lenders tighten their lending criteria, an increasing number of consumers are being shut out from affordable financing options for big-ticket purchases. This credit crunch represents both a challenge and an opportunity for merchants and service providers. Those that can offer flexible "second-look" financing solutions stand to capture valuable incremental sales from consumers who still want to make important purchases but now lack access to prime credit. The near-prime consumer segment is rapidly expanding to include many who would previously have qualified for prime credit. This group has an acute need for new financing avenues as their purchasing power has diminished. By partnering with alternative lenders that employ advanced data analytics to better assess creditworthiness, merchants can provide paths to affordable financing. Generational shifts are also driving demand for second-look financing solutions. As Gen Z enters the workforce with thin credit histories, they desire flexible financing for experiential purchases that exceed buy-now-pay-later limits but are often declined by prime lenders. Catering to Gen Z's unique needs allows businesses to cultivate loyalty with this rising cohort. While economic conditions remain uncertain, businesses offering diversified financing choices will be better positioned to sustain sales momentum. Those providing frictionless second-look options will differentiate themselves by helping cash-strapped yet creditworthy consumers access the goods and services they need. The ability to approve more customers through secondary financing programs is a competitive advantage that empowers businesses to drive revenue growth even in a challenging environment. With the right financing partner, merchants gain a valuable tool for solving customers' financial puzzles and keeping them on the path to purchase. #ecommerce #purchasingpower #payment #credit #customerbehavior

Accelerate Your Auto Loan Origination with Proven Strategies! 🚗💨 The auto lending landscape is evolving, and seizing opportunities swiftly is key to maintaining relevance and increasing market share. Efficiency plays a pivotal role, determining success in this competitive market. Explore these seven proven strategies to elevate efficiency in auto loan originations, staying ahead in the dynamic market: 📲 Digitize and Automate Applications 📊 Implement Robust Data Analytics 🌐 Optimize Communication Channels & Automation 🤖 AI-Powered Document Collection 🖋 Enable eSignatures 🤝 Enhance Collaboration with Dealerships ⚡ Leverage Real-Time Collaboration Tools Read the full blog below to learn more about each strategy. #AutoFinance #EfficiencyInLending #DigitalTransformation https://lnkd.in/gUWu5dBt

With mello® POS (point of sale), we've virtually eliminated the hassles that come with originating loans. Not only does it guide our Loan Consultants, but they can originate from anywhere without being tethered to a network. Want to learn more? Let me know!

🚗📈 Is your institution adjusting its approach to the requirements of modern lending? Four new fundamentals are now essential in the auto lending marketplace. Consider these when evaluating your auto loan processes and the enabling data and technology. 1. Fast: Streamline your processes for quicker decisions. 2. Fair: Ensure equitable lending practices. 3. Flexible: Adapt to changing market conditions. 4. Flawless: More accurate and forecastable results are within lenders’ reach. Read more in our new blog post, Lending Perspectives: The New (F)Undamentals of Auto Lending, by Kevin Filan, SVP of Marketing at Open Lending. https://lnkd.in/gnRdRM9u #AutoLending #Finance #LendingTrends #AutoFinance #FinancialInsights