How Consumer Financing Can Skyrocket Your Sales

1. How Consumer Financing Can Skyrocket Your Sales

2. According to a study, nearly 50% of consumers have sub-prime consumer scores. You might ask who these shoppers are. Well, these shoppers are those who cannot buy products easily of their choice because of their low credit scores. Also, they neither can apply for credit cards nor they are eligible to avail some of the most traditional financing options. Although, on the other hand, Retailers can just look on helplessly. They can’t reach out to these shoppers because of their low creditworthiness themselves. Thus, no credit cards means loss of business worth hundreds of dollars every month. Though, there are some innovative fintech companies who help out retailers as well as consumers. These consumer financing companies help businesses by customizing financing platforms for them. It recognizes that no two businesses are same that is why, every consumer financing scheme by them are different from the other. Companies like Zip loan are some of the best places to grab these services.

3. Who needs consumer finance? • Nowadays, credit funding and loansare some of the most common financial aids that a major portion of the population is in need of. Broadly speaking, there are 3 kinds of consumers who would need aid from financing services. • Prime consumers- This set comprises more than 90 million consumers. People under this category are major buyers like small or medium scale business owners. • Near Prime- 50% of these consumers don’t have 10-20% of revolving credit. There are more than 50 million consumers in this group. Thus, due to a slightly low creditworthiness, they also suffer due to inadequate funds. • Sub Prime- Lastly, there are more than 65 million consumers in this set who don’t or won’t apply for credit for fear of rejection. These people might or might not have the minimum credit score but are always on the lookout for credit funds. • As one can see, there is a substantial business opportunity here. More than 200 million consumers require consumer financing plans.

4. What are the plans offered under Consumer financing? • Not every shopper is able to pay with cash while buying products. If the average selling size of your products are $300 or more, then 90% of your window shoppers will never again land up in your store. But, with the help of affordable and flexible consumer financeplans, you can win back these Shoppers. Provide value and not price through these schemes. Following are some of the plans that are offered under Credit financing by fintech companies: • Loans on instalment • Lease finance • Monthly rental payments • Bancard • Private label card • Same as cash • Products covered

5. What are the items that come under these financing plans? • Every person has a different need for credit. Some are facing problems while purchasing automobile parts while others are in the need of household electronics. So, here are some of the many items that are available under consumer financing plans: • Consumer Appliances • Consumer Electronics • Exercise and Sports Equipment • Car Stereo and Alarms • Musical Instruments • Bicycles • Other products priced over $500 • This is how consumer financing works. You can avail great financial aid by availing these services. So, if you too are looking to buy some expensive items, then do check out some financing plans and choose the company that offers them with the most suitable features for you.

6. Zip Loan 3116 Weddington Rd #900, Matthews NC 28105 United States jtoth@zip-loan.com https://www.zip-loan.com/ 800-560-7024