Dealerships
Private Label Credit Solution For Dealerships
Fast Inventory Turnover
Add new customers and turn over the inventory faster with an in-house financing option supported by CoreCard’s comprehensive and easy to use solution.
Additional Revenue Stream
CoreCard’s solution can be easily configured to charge any fees or interest or a combination of both.
Unique Promotions
You can offer the best promotional payment plan that wins the customer from competition without worrying about system constraints.
Instant Approval
CoreCard’s new account processing system, CoreAPP, allows business users to define the credit decision criteria and also interfaces with credit bureaus in real time to determine the customers’ eligibility for credit while they are at the dealership. Standard credit models provided by bureaus or custom ones built specifically for your business can be deployed in determining credit worthiness of the customer.
Dealership lending Management Solution Features
- New Accounts Processing (Optional bureau interfaces)
- Automatic payments
- Revolving or installment credit
- Same as cash, deferred payments or deferred interest plans
- Finance charge, interest or both
- Flexible underwriting
- Score Based Credit Limit Approval
- Delinquency Management & Chargeoff
- Statementing on Multiple Cycles
- Backdating Payments, Fees & Interest
- Multiple Payment Plans
- Comprehensive reporting
- Integrated Collections module
- Champion Challenger Strategy Management
- Communication Automation