Request More Information
Automate the credit application process
- Print blank credit applications right from ExtendCredit.com and have your applicant complete it while waiting in your office or taking it home to complete, or take the information from the applicant and complete the application directly in the system.
- Enable "secure online credit applications" from your website using the optional ExtendCredit.com provided secure online credit application webpage template so your applicants can apply for in-house financing with your business safely and securely using a standard web browser from any computer.
We provide you with an online calculator that you can use to discuss with the applicant what the payment amount would be under different terms. Once you both agree to the payment plan terms that work for both you and your applicant you can instantly create a credit application with those terms and just add the applicant's personal information.
In cases where you have to attend to other business, ExtendCredit.com enables you to save your work and retrieve unfinished applications at a later time.
For businesses that want to separate the creation of applications from the approval/denial process, ExtendCredit.com provides the workflow capabilities needed to enable you to save open applications to a pending applications queue for review and approval/denial at a later time. Applications generated online from your website using the secure online application webpage are automatically placed into the pending applications queue for later handling.
You control the terms for your in-house financing
With ExtendCredit.com, you are in control of the terms you offer your customers. Total amount to be financed, down payment, interest rate, term, and billing cycle all can be adjusted to fit the applicant's specific situation and your requirements. Once you settle on the terms ExtendCredit.com automatically calculates the monthly payment amount and displays it on the screen and uses the information to automatically populate the promissory note.
ExtendCredit.com provides four billing cycles per month so you can schedule monthly payments to occur on one of the four weekly cycles. We also enable you to select a billing cycle other than the default 30-day anniversary cycle in case you want to delay the start of payments or the recurring cycle date will not work well for your applicant.
ExtendCredit.com provides optional business rules as part of your merchant setup process that can dictate whether there is a minimum and/or maximum interest rate range, whether interest rate entry is controlled by a drop-down list or via field entry, as well as other defaults such as what information is required on the application.
You also control who pays the fees associated with processing payment plans and recurring payments. ExtendCredit.com defaults to the applicant paying all fees associated with creating and managing the payment plan, but you have the option on an applicant-by-applicant basis to select which fees the applicant pays and which ones you will absorb. Configuration options are also available in the merchant setup to change the fee defaults for all payment plans.