Compare ExtendCredit.com

ExtendCredit.com is an end-to-end, online lending software platform that enables you, the merchant, to create and manage your own in-house Customer or Patient Financing plans and programs.

It provides you with the ability to oversee every aspect of the credit and collections process. As the Merchant, you determine your payment terms, interest rates, patient approval, amounts financed, and down payment requirements. End-to-end automation, instant credit and fraud verification, and safe/secure automated payment processing significantly reduces the risk of non-collected payments.

ExtendCredit.com's Comprehensive, End-to-End Capabilities:

• Integrated Online Credit Application
• Optional Borrower Self-Service Credit Application Webpage
• Integrated FCRA compliant Credit Agreement
• You Control interest rate, term, and payment cycle
• Integrated, Instant Credit and Identity Verification optimized for near & sub-prime borrowers
• Integrated, safe and secure automated payment processing via ACH with full history lookup
• Integrated Customer Relationship Management (CRM) capabilities
• Integrated email notices and templates for welcome messages and payment reminders
• Support for payment plan changes and manual payments
• Soft Collections service for missed payment and default handling
• Integrated Outside Collections Service for hard default handling
• Robust Reporting and Data Export for Staying in Control and Custom Analysis
• Online Merchant Self Service Training and Support Website
• Extensive Merchant Configuration Options for tailoring to individual business needs.

Compare to the high cost of accepting credit cards for payment

Many self-financing programs that are manually run are based on recurring monthly charges to the borrower's credit card. Besides the ever increasing liability risk the merchant assumes by manually handling credit card information, the processing fees charged by credit card companies far exceed the cost of using ExtendCredit.com. And, ExtendCredit.com safely and securely protects all confidential information to aid in compliance with lending and privacy rules and regulations.

Compare to the high cost and uncertainty of Speciality Credit Cards and Traditional Financing

With healthcare, specialty credit cards, and traditional 3rd party financing you have no control over which borrowers get approved, nor are all of your transactions eligible for outside financing. When these 3rd party sources do approve financing, it is often with large discount fees that end up providing you with significantly less than full reimbursement for the procedure or transaction. Your customers also lose in this arrangement, as they are often faced with high interest rates either from day one or retroactively to day one after the "special promotion period" expires. With ExtendCredit.com's inhouse financing services, you decide who gets approved for customer or patient financing and on what terms these procedures are covered.