We Convert Declined HVAC Applications Into Cash
Financing for your Credit Challenged Customers
Finance and Insurance Systems created a Finance Model specifically for HVAC dealers, to finance 40% – 60% of our credit-challenged customers with FICO scores as low as 600.
Why you Need Secondary Financing
Primary lenders approve 30% of submitted applications and decline credit challenge customers. Our HVAC Finance Model approves 40% – 60% of the turn downs.
As of October 2014, the average FICO score in the United States were around 630, while the median score was close to 720. In Texas 623.