Subprime Consumer Finance Programs
One of Variant Financial’s biggest strengths is its ability to build, market, and grow effective consumer finance programs for the sub-prime credit market. A sub-prime consumer finance program, also known as 2nd look financing, can be defined as a program that sit behind a primary or 1st look program and is designed to approve those applications that were denied by the primary lender.
In today’s economy, businesses are finding that traditional primary finance programs do not meet the needs of the majority of their customers. A good sub-prime consumer finance program can increase revenue dramatically and allow businesses the opportunity to make the most out of their marketing efforts and dollars spent.
When a business chooses to implement a 2nd look financing program, it is extremely important to seek the help of a team of experienced and qualified professionals like Variant because of the vast differences in program structure. Variant will help you choose the program that best suits your business model.
The right sub-prime consumer finance program can increase sales by 30% or more.