About

The “Credit Score Poor”                    

It’s a well-established fact that less than 5% of Americans have at least $1,000 in a savings account, meaning most of us don’t have a rainy-day-fund for emergencies should they arise, such as car repairs, medical or dental emergencies, broken down appliances or other unexpected expenses.

Over 35 million Americans who have managed to hold onto their jobs through this deepfreeze that our economy is in, and who can still pay their bills on time, have had their credit scores lowered to the point that they can no longer qualify for short term financing or credit cards. Many of these folks were previously considered middle-class and have never been in this position before. They’ve always been able to buy whatever they wanted or needed by whipping out that credit card, like a safety net. But, now they’ve had that safety net pulled out from under them. For some, their credit card wasn’t just the back-up plan – it was the only plan. They went from credit card rich to credit score poor overnight.

So, what will they do now if the transmission goes out on their car? How will they pay for uninsured medical emergencies? How about unexpected legal fees? What if the fridge goes on the fritz? And forget about any discretionary spending… furniture, carpet, vacations, expensive gift-giving. With no nest-egg in the bank and a lowered credit score, any extras or luxuries are out of the question. So what will they do? Without…they’ll do without. Unless they hit the lottery jackpot or they find someone that can get them financed‚ like YOU for instance.

Understand that these people are not going to come into your establishment and ask if you’ll extend them some kind of credit terms. Instead, they just stay away and do without. They won’t even try because they already know they can’t qualify for financing due to their FICO® credit score. So, you don’t even know they’re out there and they account for a substantial portion of the customers who have gone missing from the marketplace.

The merchants who use our marketing strategies by signing on with the Global Check/ArcNet financing option and advertising it, are getting 20% to 40% more walk-in traffic and phone inquiries, which means more sales, and these sales carry a higher overall margin of profit.

Invite these missing-in-action buyers back into the market by offering them financing they can’t get all over town. If you let them know that you have In-house financing at 7.5 % interest with No Credit Check, it’s your business instead of the competitor down the street or across town that they’re going to walk into when they need what you’re selling.

All the special promotions and sale events in the world won’t bring in the buyers who are short of cash and can’t get financing. Advertising something everyone wants is like having a billboard on the moon if the people who want it can’t pay for it.

We show them where to get what they need before they need it. So, when they’re ready to do business they already know you’re the only game in town. This removes most, if not all of your competitors from consideration. They’re irrelevant, non-existent. Without payment terms that the customer can qualify for like you’ve got, they’re invisible to this customer … GAME OVER!