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US CREDIT SYSTEMS is prepared to answer any and all your questions regarding our successful loan and EZ payment programs for you and your staff. Below you will find the most asked questions about our system and enrollment process. If you have any further questions please contact your US CREDIT SYSTEMS Consultant today. We are here to assist you in your business success.
Customer Financing for Small Business - Frequently Asked Questions
Q- “How does US CREDIT SYSTEMS approve more clients for financing?”
Q- “How can I assist my clients in applying for financing?”
Q- “What if we don`t have a company website set up at this time?”
Q- “How long does the financial approval process take for my clients?”
Q- “How does our company get paid on loan approvals?”
Q- “Explain in detail the 6 & 12 month 0% interest plans? These loans are the most expensive.”
lender. With the client’s permission, is it possible to put their application in your system?”
Q- “Can you explain how the EZ PAY PLAN works?”
General Questions
Q- “What does it take for our company to get started with US CREDIT SYSTEMS?”
Q- “Is there any time commitment obligation from our company?”
Q- “Is there personal information needed from me as the owner? Why?”
Q- “What else is required from our company to get approved?”
Q- “Is a personal guarantee required from me or any other owners?”
Q- “How long will it take for our company to get approved?”
Enrolling My Business FAQ’s
Q- “How does US CREDIT SYSTEMS approve more clients for financing?”
A- “US CREDIT SYSTEMS is based on multiple lenders competing for your client’s approval. With more lenient credit requirements and credit scores as low as 620 US Credit Systems approves more than traditional lenders. Traditional lenders can’t compete as many of them require scores as high as a 750.”
Q- “How can I assist my clients in applying for financing?”
A- “US CREDIT SYSTEMS has made applying for financing very simple with two easy options.”
1. A customized link to our one page online application is uploaded onto YOUR company website in YOUR company name.
2. A tri-fold application can be filled out by your client. It is recommended that the information from the tri-fold application be transferred to the online application for rapid processing.
Q- “What if we don`t have a company website set up at this time?”
A- “US CREDIT SYSTEMS is in business to make your business successful. In today’s economy a website is a MUST for business exposure and credibility. We can assist you with your needs when the time is right for you. Depending on content and size, we can build your website in as little as 7 to 10 days. Click on the MARKETING-EYE icon on the US CREDIT SYSTEMS homepage or call your consultants today for information on great incentives and additional business services for your company.”
Q- “How long does the financial approval process take for my clients?”
A- “In most cases, the approval process is in as little as 24 hours. With US CREDIT SYSTEMS, you will be able to track your client’s status online. Your patience in this process will result in 32% more approvals and increased business and profits!”
Q- “How does our company get paid on loan approvals?”
A- “There are two ways your company gets paid.”
1. Client’s approved for the “line of credit programs” are issued a Visa or Discover card designed specifically for US CREDIT SYSTEMS. Upon the client’s request, these cards can be sent overnight with an addition fee of $15 added to their card.
2. Client’s approved by one of our other lending partners are paid by wire directly into your account within 72 hours.
Q- “We currently are charged by a lender an average of 10% of our funding. How does this work with US CREDIT SYSTEMS?”
A- “Those charges are generally referred to as points and 10% can add up quickly as you know. As an example, some clients have paid as much as 15% on zero interest plans! WE DO NOT CHARGE POINTS. At your discretion the US CREDIT SYSTEMS’s fee is added to the service or treatment. In most cases, it is paid over the term of 6 to 48 months by the client. The fee is fixed as follows:
1. $199 per approvals from $2500 to 15,000
2. $149 per approvals under $2499
As an example; your service or treatment is $6000.00. The amount you will enter on the client’s online loan application is $6199.00. Upon approval, a form is faxed to your office with two options to pay the $199 fee, by card or with your checking account. The $6000.00 loan is sent either over night on the card or wired into your checking account as mentioned above. We do not compromise your profit margins. More approvals equal more profits. That is our goal.”
Q- “Explain in detail the 6 & 12 month 0% interest plans? These loans are the most expensive.”
A- “US CREDIT SYSTEMS does not charge 15% of the funding as our competitors typically do. The same fees mentioned above apply to these plans as well, up to $15,000. Our consultants advise you on managing these fees to maximize your profits margin and revenues.”
Q- “We are anxious to enroll in US CREDIT SYSTEMS programs. Currently we have a few declined clients through our current lender. With the client’s permission, is it possible to put their application in your system?”
A- “Absolutely. Our track record shows that US CREDIT SYSTEMS approves 32% of our competitors declined applications. We have many examples of approvals prior to installation. Once your enrollment is submitted to us we start working for you.”
Q- “Can you explain how the EZ PAY PLAN works?”
A- “Sure, the process is simple”... Your client has up to 90 days to pay for the services you offer to your clients on amounts up to $1500 with a 10% interest charged over the 90 day period. Keep in mind, 72% are approved on average. This is a 2 to 4 payment program that is paid over a 3 month period. 1/3 of the amount of the loan must be available in their checking account at time of service. The client’s make checks out directly to your business. US CREDIT SYSTEMS converts their checks to electronic debits. Here is an example. Your service cost is $600. The amount paid by the client is $660 to pay over 90 days. $220 will be debited at time of service (1/3 of funding). Your business is paid in full on the entire service in 3 business days less 10% of total amount of service. Upon approval, funds are wired into your checking account. US CREDIT SYSTEMS handles the remaining debits. US CREDIT SYSTEMS debits your client’s checking account in equal payments on the remaining amount over 90 days. There is no risk or recourse to you if the debit is not cleared by the bank. You keep the funds. US CREDIT SYSTEMS assumes the risk of the approved client. Go to our “How to page" as well for an easy guide and more information.
Enrolling My Business
Q- “What does it take for our company to get started with US CREDIT SYSTEMS?”
A- “Tell us about you and your company on our easy Enrollment Form. We are here to assist you in the completion of the form.”
Q- “Is there any time commitment obligation from our company?”
A- “Yes, there is a 48 month time commitment that is backed by our six month performance guarantee.” (See our Performance Guarantee page).
Q- “Is there personal information needed from me as the owner? Why?”
A- “Yes, US CREDIT SYSTEMS advances you the funds and assumes the risk on your approved clients. There is no risk or recourse to you if they default.” So we will require some personal information from you as a business owner so we can provide the risk free financing service for you. We assume all risk of collections of payments with your customers. This also helps keep a good relationship with your customers and your business.
Q- “What else is required from our company to get approved?”
A- “US CREDIT SYSTEMS has made this an easy and uncomplicated process that can be done over the phone, through fax and emails if needed.” The following documents are required;
1. A voided bank check where funds are to be deposited
2. Business checking account bank statements to be approved by the lending underwriters for multiple financing and payment options.
3. A current copy of the company business license
4. A completed and signed Enrollment Form
Q- “Is a personal guarantee required from me or any other owners?”
A- “Yes. Every business structure is different. Personal guarantees generally apply to smaller companies which have been in business for less than five years. However, in some cases, lenders will accept two years financial's OR tax returns to replace a personal guarantee. Call our consultant for more information.”
Q- “How long will it take for our company to get approved?”
A- “With all the proper documentation and a complete Enrollment form, US CREDIT SYSTEMS can have you approved in as little as 24 to 48 hours.”
Q- “When can we start offering financing to our clients?”
A- “Once your Enrollment Form is completed and submitted; US CREDIT SYSTEMS can immediately begin working on your current or previously declined applicants. The installation process of your account can take up to 7 to 10 business days.”