Understanding Credit Approval Tiers
Every customer, just like every project, is different. At Foundation Finance, we work hard to help you get more financing approvals. We offer approvals for customers with FICOs as low as 550, as well as exceptional benefits for customers with stronger credit histories. Learn more about our approval process and benefits today!
Tier 1
It takes years of hard work and dedication to build exceptional credit! Therefore, we offer extra benefits for customers with strong credit histories and FICOs starting at 725. Customers who are approve for our Tier 1 program qualify for…
- Special Promos: Tier 1 customers qualify for ANY of our special promotions.
- No Risk Discount: You receive 100% payout on these low-risk customers.
- Lower Interest Rates: Offer an 11.9% interest rate at no cost to you.
Tier 2
Your customers don’t have to have perfect credit to qualify for amazing financing benefits. Customers who qualify for our Tier 2 program typically still have strong credit histories and high FICOs. Their financing benefits are very similar to our Tier 1 benefits and include…
- Special Promos: Choose from a wide range of promos to make your customer a great deal.
- No Risk Discount: Receive 100% payout for these customers.
- Lower Interest Rates: Offer a 13.5% interest rate at no cost to you.
Tiers 3, 4, and 5
Perfect credit isn’t built in a day. We’re happy to provide options for customers who are still working on building credit or overcoming weaker credit histories. Our team of credit experts review your customer’s complete application, not just their FICO, before making a financing decision. Once approved, your customers enjoy competitive interest rates based on their approval tier.*
- Tier 3: 15.99% interest rate.
- Tier 4: 17.99% interest rate.
- Tier 5: 17.99% interest rate.
Interested in other ways Foundation Finance can help you close your next sale?
Contact us for more info: 1-855-241-0024.
You can build on us.
Enroll in the Foundation Finance dealer network today.
*Risk discount varies based on credit and application. All credit products are subject to credit approval. Rates, terms, conditions, and promotional programs may vary by dealer and are subject to change without notice.
