Declined applications
Any home improvement business offering finance facilities will, on occasions, have experienced the awkwardness of having to tell customers that their applications have been declined. Now with the support of our sister company, Consumer Finance Solutions, this is no longer the case as we have access to experts who can place failed first line applications with reputable lenders willing to approve the deal on an unsecured basis.
CFS achieves this by working with a panel of dedicated lenders willing to offer unsecured finance to 'higher risk' cases. Set up in 2002 to address the problems of 'failed' credit, CFS uses its own bespoke management software to process thousands of applications a month with approval rates now reaching 50% and rising.
Not only does the service take away the hassle and embarrassment of declined applications for sellers and purchasers alike, but because we handle all new negotiations on your behalf, there is no extra work for you. Wherever possible, we try to match existing first line rates and repayment terms so that the actual sale remains unaffected.
In addition to this key service, we can also work with CFS to offer secured loan facilities to consumers (with retailers still being paid directly by the finance companies!) and Payment Protection Insurance.
CFS operates independently from CCS and is regulated and fully authorised by the Financial Services Authority. The company can offer your consumers stand-alone PPI giving you the seller the double benefit of a protected income (via guaranteed loan repayments) and a percentage of any commission earned on the sale of the policy.
To find out more and ensure that you don't lose sales unnecessarily call CCS today. We'll be happy to help.
Client comments
Our sister company CFS is also committed to high service standards. Hear what their most recent clients have to say:
" CFS really do deliver on their promises. They have added real value to our bottom line. "
Finance Director, Moben Kitchens