Offering financing gives homeowners the ability to pay for their projects in low monthly payments, creating opportunities to expand your business to those who otherwise may not be able to afford renovations and home repairs. Foundation Finance considers customers with FICOs as low as 600, but some people may still be unsure about whether they will qualify.
That’s where customer prequalification can help. It gives your customers the option to check whether they can get financing without negatively impacting their credit score*. That way, qualifying customers can move forward with financing while those who don’t qualify don’t negatively impact their credit score.
Our customer prequalification process is fast, easy and the soft pull will not affect your customer’s credit score.* To get started, a Foundation Finance dealer simply has to:
- Log in to LaunchPAD.
- Select “Prequalification.”
- Submit your customer’s info.
- Get prequalification decision.
*If your customer is approved and chooses to move forward with their financing, a hard pull, which may affect your customer’s credit, will be done upon receipt of their completed credit application and signed financing documents.
If your customer is not prequalified, LaunchPAD will display “no available offer found” for that application. If that’s the case, you can add a co-applicant to strengthen their application. Contact our credit team by phone or submit a new prequalification request in LaunchPAD for reconsideration.
Want to Offer Customer Prequalification?
If you aren’t already part of our dealer network and would like to offer your customers prequalification for financing, we can help. Joining is free, easy and the dealer application takes just a few minutes to complete. Apply today or learn more about becoming a dealer.
Already a dealer? You can log in to LaunchPAD here or contact us to get your login info!
1-855-241-0024, [email protected].