Home Improvement Blog- Foundation Finance Company

Don’t be afraid of change …

By Foundation Finance | November 6, 2013

Many dealers are hesitant to make changes in their financing programs – even when those programs are no longer working or are costing them money they shouldn’t need to spend. In any other aspect of their business, a dealer would likely make a change to save money or to get better features, so why is […]

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Take time to make time – the importance of financing training

By Foundation Finance | October 9, 2013

As the Little River Band says, sometimes you have to “take time to make time.” Great song lyrics, sure … but it works even better as a financing philosophy. Spending a little time learning your finance company’s policies, process and programs up-front can save you tons of time later by avoiding costly mistakes and paperwork […]

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New "SuperPrime" programs make full-service financing a reality

By Foundation Finance | July 25, 2013

Foundation Finance Company (FFC), one of the fastest-growing providers of consumer financing to the home improvement industry, has launched new “SuperPrime” programs designed to compete directly with the home improvement financing programs offered by Wells Fargo, GE Capital and other “prime only” lenders. “Our second-look home improvement financing programs have been hugely popular for dealers […]

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The importance of good credit applications

By Foundation Finance | May 20, 2013

Taking complete credit applications is one of the most important things you can do to help improve your financing results. Unfortunately, a lot of salespeople don’t understand this and submit incomplete or inaccurate applications. Doing this jeopardizes your chances for an initial approval and increases the odds of a loan getting rejected during verification. Here […]

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Embracing New Technology: Digital Signatures

By Foundation Finance | March 27, 2013

Working in an increasingly online, mobile world means embracing new technological trends that can save you and your customers time and money. Foundation Finance Company is now launching its “Kwik-Sign” digital signature program for loan document completion. Of course, dealers always have the option to complete loan documents by hand using hard copies or to […]

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Financing in the New Year

By Foundation Finance | December 29, 2012

It’s a new year … time for resolutions to be made and a great time for change. It’s also a great time to review what is and isn’t working for you when it comes to your consumer financing programs. Here are a few ideas to help you start the new year right! 1. If you […]

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Making the most of credit approvals

By Foundation Finance | October 9, 2012

When dealing with a one-stop financing program, like the one offered by Foundation Finance Company, dealers often want to know how to minimize their discounts. For a finance company who offers full service A, B, C and D lending, there is a fine line between discounting enough to cover real losses and staying competitive with […]

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Discount financing … friend or foe?

By Foundation Finance | July 8, 2012

“Chop shop.” That’s a term some dealers use to describe a finance company that offers discount financing programs. Doesn’t sound very positive, does it? But without discount programs, many customers would not qualify for financing … which means fewer sales can be closed. And fewer sales means lower profits. What is discount financing? Many banks, […]

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Using financing to drive sales – 3 "must-dos"

By Foundation Finance | May 30, 2012

“6 months same-as-cash.” “No payments for 90 days.” “Payments as low as $49/month.” Why do you think “Big Box” retailers like Best Buy or Home Depot are always advertising their special financing promotions? Because it works. Actively promoting financing plans helps attract new customers and to get those “on-the-fence” buyers to say yes. The most […]

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Understanding credit – is FICO the whole story?

By Foundation Finance | May 19, 2012

Most people know a little bit about credit scores and understand that having a good credit score is important for a variety of reasons. Without a good credit score, it is difficult to borrow money, get insurance and even find a job. But a person’s credit score is not the only factor lenders consider when […]

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