| Contractors: Frequently
Asked
Questions
How do
I sign up? Simply download the
application, fill them out completely and provide the
supporting documents. When the application is completed,
fax it to 800/ 651-6280. Once Dealer Services is in receipt of
this information we'll complete our due diligence process and
contact you to schedule training.
How
can Dealer Services help me make more
money? Dealer Services provides financing
sources that, for the most part, aren't active in the Home
Improvement industry. Our financing sources will buy deals that
currently aren't being purchased, or are being purchased at
terms that can't be easily sold to high credit quality
customers.
Also, unless
the customer is "credit challenged" or your applying for an
extended payment plan, you'll avoid paying discounts on funded
loans. By simply closing 3 or 4 deals a month with Dealer
Services instead of some of the national lenders, you may save
up to $25,000 or $30,000 annually.
Why
do I need to be signed up with a Credit Bureau
provider? A significant feature of
our system's filters involves the use
of information from a Credit Bureau. Because
we're a software platform and not a Lender, we're legally
unable to pull credit on your
customers. Please keep in mind that you have
complete access to the report once it's generated and it
does not obligate you to submit the Consumer to one of
our Lenders.
Which
Credit Bureau's are acceptable? Our
system currently only has interfaces for
Credco, TransUnion (Direct), EquiFax
(Direct) and Experian
(Direct). Many of the Resellers are
not compatible with the system as they usually don't want
to release your codes in order to have the ability
to directly sell you additional services. Please
contact Dealer Services with any questions
concerning your current credit provider.
Dealer Services passes on our volume discount, without
any mark-up, to all of our
clients.
What
does Dealer Services cost? You'll be
charged a one-time set-up fee of $100, which will cover the
programming changes necessary to set-up your company. There's also a
monthly subscription fee of $250, which allow you unlimited
usage of the system for loan origination and tracking of your
existing pipeline. Think of it this way; If you close
one extra deal a month
by accessing
our Lenders you come out thousands
ahead.
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