Tertiary Consumer Finance Programs
Even with the use of a Sub-prime or 2nd look program, not all applicants can be approved. Tertiary consumer finance programs can be defined as financing options offered last in line and usually sit behind a primary and 2nd look program. Tertiary programs are designed to approve applicants with challenging credit issues like delinquencies, charge offs, and judgments.
Tertiary consumer finance programs aren’t for every business. They almost always carry some sort of risk on the merchant’s part. However, if structured properly, the risk is calculated and minimal.
Tertiary programs allow for far more customization than primary and secondary programs and in some cases can allow for 100% credit acceptance.
For over a decade, the principals of Variant Financial have built and managed successful tertiary programs for retailers and service providers.