NO CREDIT CHECK FINANCING FOR CELL PHONE DEALERS
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Express Solutions offers a no credit check financing program for consumers looking to purchase smartphones, tablets, and other items with an 80% approval rate. The program allows for financing between $300 and $2,000 with flexible payment options and includes a 90-day same-as-cash option, benefiting both customers and businesses by expanding sales and customer base. Financing is available in 46 states and training is provided for store personnel to assist customers in obtaining necessary merchandise.
NO CREDIT CHECK FINANCING FOR CELL PHONE DEALERS
- 1. Express Solution’s NO CREDIT CHECK, NO MONEY UP FRONT! 12 month Financing with 80% APPROVAL Rate For DROID, Smartphones, iPhones, Tablets or any other items
- 2. Ask yourself……. Are you losing customers because some wireless handsets, tablets or other items are too expensive? How many times do you miss a sale because a customer can’t afford the latest wireless technology? Could you increase sales and customer counts by offering NO CREDIT CHECK financing with a 90 same-as-cash option with no liability and no charge backs.
- 3. Benefits to your business New or Additional financing options Increased Sales Expanded Customer base Improve your bottom line Continue to thrive in a down economy
- 4. New Customer Base NO CREDIT CHECK financing can be instrumental in targeting a new customer base and help individuals purchase merchandise that otherwise might have been out of their financial reach.
- 5. NO CREDIT CHECK 40 % Instant Approval Easy & Affordable Payments Online Application 90 days same as cash 8 out of 10 Applications Approved No liability, No charge backs
- 6. Minimum Finance = $300 Maximum Finance = $2,000 Monthly Income Qualified Amount** 12 Month Pmts* Bi-Weekly Pmts* Weekly Pmts* $1,000 $300 $45.00 $20.77 $10.38 $1,250 $450 $67.50 $31.15 $15.58 $1,500 $650 $97.50 $45.00 $22.50 $1,750 $750 $112.50 $51.92 $25.96 $2,000 $900 $135.00 $62.31 $31.15 $2,250 $1,000 $150.00 $69.23 $34.62 $2,500 $1,100 $165.00 $76.15 $38.08 $3,000 $1,200 $180.00 $83.08 $41.54 $3,500 $1,300 $195.00 $90.00 $45.00 $4,000 $1,450 $217.50 $100.38 $50.19 $5,000 $1,550 $232.50 $107.31 $53.65 $5,750 $1,800 $270.00 $124.62 $62.31 $6,500 $2,000 $300.00 $138.46 $69.23
- 7. Payments * Payments are automatically debited from customers account on their payday. ** Qualified amounts are set according to checking account activity and balances, they are not guaranteed.
- 8. 90 Days Same as Cash Customers are given a 90 days same as Cash option where they only pay off the original invoice amount plus the initial 10%. 48% utilize the 90 Day Same as Cash option. 52% of approved customers return to store for repeat financed purchases.
- 9. How does the customer qualify? There are THREE things we look at to qualify a customer: 1. Employment 2. Income 3. Bank Account The customer must be employed at least 6 months, gross over $1,000 per month and deposit at least $500 per month. They must have an open and active checking account for at least three months with no NSF’s or overdrafts in the last 30 days.
- 10. Online and In-store training We train your store’s personnel how to offer the NO CREDIT CHECK program to credit challenged customers. Your sales associates will know how to help their customer through the process in order to obtain the merchandise they need.
- 11. Sample Transaction For example, take a DROID or Smartphone with a retail price $250.00 and use Hypothetical sales tax rate 10% and a 10% Service Charge which all can be financed with NO MONEY UP FRONT! $250.00 Retail *$302.50 x 15% = $45.38/mo payment $25.00 10% Sales Tax or $275.00 Total *$20.94 Bi-Weekly $27.50 10% Initial Payment or $302.50 Total Financed *$10.38/weekly
- 12. Funding Calendar All funding is determined by when a complete funding packet is completed, signed and received by Funder. Once an account is funded, it is deposited the next business day to the merchant's account. The typical funding period is 2-4 business days. This means deals turned in completed and signed to Funder on a: Mondays - are funded Tuesdays and store sees funds in their bank as soon as Wednesday. Tuesday - store sees funds as soon as Thursday Wednesday - stores sees funds as soon as Friday Thursday - stores see funds as soon as Monday Friday - store sees funds as soon as Tuesday Saturday - store sees funds on as soon as Tuesday No deals are funded on Sunday which means deals submitted on a Sunday will be treated as if they were received on Monday, thus funding will show up as soon as Wednesday in the store’s account. **If Monday is a Holiday i.e. Memorial Day, Columbus Day (any Monday holiday) deals that are typically funded on a Monday are pushed back a day. So a Thursday Funding will not show up in a stores account until as soon as Tuesday. Any national holiday that banks are closed, typically puts funding back a day even if Funder is open because the banks are closed and won't receive ACH deposits.
- 13. Sample Funding Transactions Hypothetical 10% Sales Tax Rate Up Front Payment No Up Front Payment Sale Price $600.00 Sale Price $600.00 Sales Tax $60.00 Sales Tax $60.00 Invoice Amount $660.00 Total $660.00 10% Initial Payment 10% Initial Paid to Dealer $66.00 Payment Added to Invoice $66.00 Dealer Funded ACH $594.00 Total to Dealer $660.00 Total Invoice Amount $726.00 Dealer Funded ACH $653.40
- 14. States Covered Financing is available in 46 states (excluding New Jersey, Minnesota, Vermont, and Wisconsin).
- 15. Contact Us Express Solutions 260 West Main St. Ste 114 Hendersonville, TN 37075 Nathan Wright 615-823-1322 nathan@expresssolutions.biz http://www.expresssolutions.biz