WHAT IS FLEXXBUY?
FLEXXBUY helps businesses increase revenue by providing them with customer financing options to handle a broad range of consumers, regardless of credit. By providing a customized multi-lender solutions, businesses are able to drive prospective customers and make sales they would otherwise never have. And through customer financing, businesses increase average sales amounts by offering consumers a buy now, pay later option.
IS THIS FOR PEOPLE WITH BAD CREDIT?
People that use FLEXXBUY have all kinds of credit. Some consumers that utilize customer financing have what is considered sub-prime credit. Most have fair or better credit. People utilize customer financing for many reasons. Some don’t have the money required to purchase the product or service they really want. Some may have other ways of buying but prefer to not utilize existing resources or credit cards, instead saving them for another day.
WHAT IS THE APPROVAL BASED ON
Approvals are based on many factors. Each lender has their own system of vetting the customer in order to weigh the risk against default. While many of the lenders understand that these consumers may come with higher risks, they minimize them by looking for signs of financial stability and solvency. Here’s the thing. Applying is almost always risk free since it results in no credit inquiry and there is never an obligation to go forward.
IS APPROVAL GUARANTEED?
Unfortunately, no. The success rate for these programs are significantly higher than traditional financing options but in some cases, individuals are simply not quite ready to take on additional debt.
HOW IS THIS PROGRAM DIFFERENT FROM TRADITIONAL FINANCE OPTIONS
Traditional finance companies typically are looking for cream of the crop which is considered people with credit scores of 700 or higher. Taking into account that the average American has a credit score below 660, these programs are not exactly comprehensive. As a matter of fact, many merchants that offer traditional financing report declines in the 65 to 70 percent range. While FLEXXBUY lenders can competitively offer financing to these customers as well, the general consensus is that people with high credit scores already have options. It’s the folks with lower credit scores that are coming back from a financial setback that need additional help. That is where FLEXXBUY focuses most of its attention.
IS THEIR A MINIMUM AMOUNT TO BE FINANCED?
Yes - GForce can qualify you on any purchase $1,000 or more
HOW LONG DOES IT TAKE TO GET APPROVED
All of our programs will provide decisions in a matter of seconds.