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90-Day No Credit Check In-House Financing
Program from Agilest Collections
There
are three simple steps to getting you approved or declined.
1: You pick the furniture and accessories that
you want to purchase and provide the following information:
A. Identification such as a driver's license or
state issued ID.
B. Checks from a personal or
business checking account, one down payment check for at least 15% of the
total transaction amount and a series of post-dated checks to pay off the
balance of the purchase within the next 90 days.
C. Income
verification like a pay stub or bank statement showing direct deposit
activity.
D. A signed Global Check Services payment agreement.
2: While you wait we access Global Check Services
and process the transaction and receive approval or denial in just a few
minutes.
3: Once the transaction has been approved
by Global Check Services online, you receive the furniture and
accessories.
90-Day No Credit Check In-House Financing
Program FAQ's
Question: How is
this possible with no credit
check?
Answer: The program is based
exclusively on your checking account longevity and check writing
history. As long as you have an income source and acceptable
check writing history, you will likely be approved. For your
checking account to be considered you will need to have written over 200
checks since it had been
opened.
Question: What is
the maximum amount that can be financed with the
program?
Answer: Up to $5,000, as long
as the customer qualifies from an income perspective.
Question: What is the down payment
requirement?
Answer: Each transaction
requires a down payment in the form of a check, and it should be for at
least 15% of the total transaction amount.
Question: What is the income
qualification?
Answer: The
customer's gross monthly household income, before taxes are taken out,
should be at least 2 times the amount of the
transaction. Example: For a $1,500 transaction, you should be
able to show verifiable gross income of at least $3,000 per month.
Question: Can the spouse's income be
added to qualify?
Answer: Yes, as
long as it is
verifiable.
Question: What
is considered verifiable
income?
Answer: A source of income with
a paper trail (i.e. pay stub or bank statement reflecting direct deposit).
Social Security, Disability and Retirement income may also qualify.
Question: What if I want to pay off my
debt early?
Answer: You simply come in
and pay us the balance directly, and then the remaining post-dated checks
will be voided out.
Question: What is
the cost?
Answer: There is an account
setup fee of $35.00 that is added to your down payment plus an 8%
processing fee on the amount of each
check.
For
Example:
You want to purchases a table and
accessories for $1,600.00.
You agree to set up 4
payments of $400.00 each plus fees.
You agree to a
down payment of $400.00 + $40.00 + 8% =
$472.00.
You provide post-dated checks for payments
2, 3, and 4 of $432.00 each ($400.00 + 8%
each).
The total amount paid by you in this case
would be
$1,768.00.
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