How Financial Assistance Can Come From A Retail Partnership

cff2Transcending Bureaucracy
For legal reasons there are situations where a certain customer may not be allowed to take on a financing package due to credit problems. Yet the credit difficulties they may be experiencing aren’t always necessarily indicators of truly poor credit. With today’s credit system, there are multiple things which can affect an individual’s credit score negatively, but which have no true bearing on their financial egress. As a result, a new trend in leasing companies can act as a surrogate “credit score” between such credit-challenged individuals and the merchants from whom they wish to finance a given piece of furniture, or whatever requires a finance package. The end result is that such retail partnerships can allow retail merchants to yet cater to a consumer constituency they may otherwise be barred from doing business with.

Advantages Of Retail Partnerships With Leasing Companies
Leasing companies will take on things like a twelve to twenty-four month payment plan, and as each payment is received from the customer, it is recorded such that said customer’s credit increases. This ends up being a measure of success for retailers, as they can increase the consumer-base to whom they cater in a way which is statistically significant. In the wake of 2008’s financial meltdown, already-established organizations only took several years to bounce back. They say with the top twenty percent of the country, that’s how it is. Meanwhile, the rest of the country is still reeling from the meltdown, and part of that fallout has to do with ruined credit scores.

What To Look For
There are a lot of leasing companies like Crest Financial on the market today, and here are some things to consider in establishing a retail partnership.

  • At Least Ten Years’ Operation
  • Privately Owned
  • Sustainable Employee Pool (200 to 500)

A company that has been in operation ten years has had time to establish its business model and prove it. Five years is usually the minimum on such agencies, but even then items like the financial meltdown of 2008 stand to knock such little organizations out of the water. It’s better to look for a group that’s been around at least ten years, because they’ve had time to ride the ebb-and-flow of the market long enough to “get in the groove”, as the saying goes. A privately owned company that has lasted ten years will be able to work with merchants with greater flexibility than a corporate conglomerate. Finally, a company with between 200 and 500 employees is large enough to be exceptionally effective, but small enough to have a unique corporate culture and render direct attention to clients.


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