Legal / Compliance
To set you up for success, we need to cover a few important compliance related details.
These are the 3 must-know’s of offering financing.
Everyone can applyTo comply with federal law, it is important that we don’t exclude anyone from checking their eligibility for the financing program. Everyone is invited to apply without impacting their credit score.
You’ve been provided with the marketing tools to advertise that you now offer financing. We suggest placing them strategically throughout your office where your customers visit the most such as your lobby, check in/checkout counters, and service rooms.
Let us do the heavy lifting
We don’t expect you to become a financial expert, that’s what we’re here for.
We are prepared to answer any and all financing questions customers may have.
If there is a question you don’t have the answer to, just give us a call and we’ll handle the rest.
Describing Same as Cash
With “Same as Cash”, the customer can pay over time and enjoy no interest if the principal loan balance is paid in full during the promotional period.
If the customer does not pay off the principal balance in full during the promotional period, pays late, or misses a payment during the promotional period, the customer’s account will continue as a traditional loan at the APR specified in their loan contract.