January 27, 2023
Mechanicsburg, Pa. – January 26 2023 – Versatile Credit Inc. (Versatile), the leading credit aggregation and customer acquisition tool for merchants and lenders, announced it had deployed new prequalification functionality with American First Finance, allowing merchants new opportunities to provide seamless second-look financing and lease-to-own options to their customers.
Versatile’s cascade technology seamlessly guides consumers through various financing and lease-to-own product offers from primary, secondary, and “no-credit required” providers to find the financing or lease-to-own option that works best for each applicant. Merchants can offer applications through an array of technologies & channels that match their sales process, from traditional self-service kiosks and merchant-owned tablets to e-commerce and contactless, transition-to-mobile technology.
American First Finance is a leading consumer financial technology company facilitating alternative financing and lease-to-own solutions designed to support businesses and their financially-underserved or overlooked customers.
With this deployment of American First Finance’s prequalification solution, merchants will have the ability to seamlessly introduce eligible customers to secondary financing options, while reducing the risk of unnecessary credit checks for financing products the customer may not be eligible for. Once a shopper is prequalified, they are transitioned to an American First Finance application to complete the application process.
“There has been a lot of economic uncertainty throughout the last few years, leading to consumers who are monitoring their credit hits and scores more and more.”, said Vicki Turjan, President and COO of Versatile Credit. “In this type of environment, tools like prequalification are incredibly important in helping to guide customers to a financing product that fits their borrowing profile, without discouraging them with risk of a hard credit check.”
“AFF is eager to deploy prequalification to Versatile’s platform,“ said Matt Dishman, Head of National Sales at American First Finance. “Prequalification is a critical tool for educating consumers about their available options and providing them with a quick and easy way to apply, while also improving retention rates for merchants.”
If financing is an essential part of your business, reach out to the experts at Versatile Credit to see how we can help you drive success.
Company Contact: Vicki Turjan
President and Chief Operating Officer
Phone: (717) 620-2570
Media Contact: Sam Miller
Director of Marketing & Creative Strategy
Phone: (717) 620-2535
About Versatile Credit. Privately held, Versatile Credit offers a technology platform that enables retailers to build a financing program with leading lending providers, innovative financing solutions and engaging customer experiences — leading to more finance applications, more approvals and more sales. For more information about Versatile Credit, visit versatilecredit.com.