Consumer Contract Financing
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| Your One Stop Shop for Consumer
Contract Funding Solutions!
Get
CashToday |
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| Your Benefits! | ||||||||||||||||||||||||||
| Receive money in as few days as two to four days. Maintain complete control of your business. Remove or lessen the business costs associated with the collection process. Gain a greater control over your cash flow by deciding exactly how many invoices to sell and when. Stop wasting time thinking about cash cash flow issues and start spending more time on your business. You are not burdened with having to make monthly payments to repay a loan. Win the battle against slow-paying clients. Increase your production and sale. It gives you professional collection and credit checking services. |
Meet your payroll. Pay your payroll taxes. Provide case discounts for your materials. Increase your purchasing power, allowing you to enjoy bulk purchasing discounts or early payment discounts. Improve your credit rating as you continually have the cash on hand to pay bills on time. Provide cash for your expansion. Provide cash for your marketing. Improve your financial statement. It provides you with complete and detailed reports about your accounts receivable portfolio. |
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The types of companies that use our service are as follows: |
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| 1. Vocational Schools 2. Timeshare or Vacation Clubs 3. Dating Services 4. Dance Studios 5. Karate Schools 6. Discount Buyers Clubs 7. Medical Procedures 8. Seminar/Sales companies 9. Jewelry Stores 10. Business Opportunities |
The type of company that sells us consumer contracts are those that have high profit margins. Often a markup of 50%is needed to work with our discounts and reserves. | |||||||||||||||||||||||||
| Basic Contract Purchase Rates and Terms | ||||||||||||||||||||||||||
| Below is a sample of some typical rates that we use to purchase consumer contracts. Rates can vary depending upon the risks involved, interest rates to the consumer, etc. We always purchase at a discount and hold a bad debt reserve for defaulted contracts. Rates also vary with risk. |
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| You should have at least $10,000 per month or more to be set up. However we do have programs available for less than $10,000 |
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| Assumes Contract Interest Rate Of 18% | ||||||||||||||||||||||||||
| Discounts and Reserve are based on contract principal balance | ||||||||||||||||||||||||||
| Terms: Discount: Reserve: Payout: |
12 Months 7.5% 15% 77.5% |
24 Months 12.5% 15% 72.5% |
36 Months 16.5% 15% 68.5% |
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| Individual consumer contracts cannot exceed $10,000. If the contract exceeds more than $10,000 then a downpayment must be made by the consumer to bring the contract balance to $10,000 or less. We always retain the interest on each contract plus the discount fee. If the interest rate falls below 18%, then the discount fee will increase proprtionately. The reserve is a paper entry on our balance sheet(liability section). We do not put the reserve in a bank account nor do we pay interest on it. the reserve allows us to leverage ourselves further by not paying it to you except semi-annually. No refund is made of the reserve below the minimum we establish (15%) unless we have no accounts left with a balance. One of our areas of expertise is marginal credit contract purchasing. Generally, we require a consumer to be employed or have another valid income source(not welfare or child support), reasonable debt level, good to marginal credit, an income of at least $20,000 per year and a home phone. While we DO purchase marginal credit, we DO NOT purchase bad debt. |
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