Get the Best Credit Approvals - Foundation Finance Company

Understanding Credit – Get the best approvals

As a contractor, it’s important to understand how to get the best financing approvals for your customers – part of that means understanding credit.

Some home improvement financing lenders are strictly FICO credit score driven and others, like Foundation Finance, focus more on the credit history as well as the application information.  Lenders that look at the credit history are typically looking at: types of accounts open/closed, payment history, new debts, overall credit card debt, debt-to-income ratio, etc. Here are a few tips on how to get the best approvals:

Credit Application Tips

  • Get a co-applicant whenever possible. Even if one party has weaker credit, it gives FFC a more complete picture of the application and the household income.
  • Make sure the homeowner is on the application.
  • Fill out as much info on the credit application as possible.
  • Let FFC know of any unusual situations up front. The more information we have, the better our credit decisions will be for you.

At Foundation Finance, we have experienced credit analysts who review every application and find ways to approve more customers than any other lenders.  Our tiered approval system for both prime credit and second look financing helps you close more sales … even for buyers with some credit challenges.  Call us at 1-855-241-0024 ext. 5012 or email [email protected] for more program details.

Note: Use of the terms "Loan," "Lender" and "Borrower" is for ease of reference only. Financings are in the form of retail installment contracts ("RIC").

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