Newsroom


The newsroom is a place for you to find the latest news articles and press releases featuring Fortiva Retail Credit.

  • It’s easy to put revenue-driving initiatives off, especially when work is busy and business is good. However, there is a significant threat of lost sales by delaying the implementation of a robust financing program that works for customers across the credit spectrum. By taking the time to research and implement a full payment program today, your business will be better positioned for several months of boosted sales and happier customers tomorrow.

  • Because plumbing, bathroom replacements and even HVAC often are unexpected emergencies, customers may not have the cash readily available to buy the products or services your clients provide. This makes financing solutions offered by dealers and contractors essential, as more than 43% of Americans have FICO scores below 700 (according to FICO.com) and thus are unable to qualify for financing solutions from common prime providers such as Synchrony Financial, Enerbank and Wells Fargo. It is important for distributors to understand their clients’ needs to ensure a flexible and comprehensive financing program for the end user.

  • Soft-Lite is proud to announce its partnership with Fortiva Retail Credit, a consumer second-look revolving line of credit financing program for credit-challenged consumers. Fortiva Retail Credit approves customers that other financing programs have declined, allowing remodeling companies to offer their customers a line of credit up to $40,000 for installations, products, repairs, warranties and all other services, even when that customer has credit down below a 500 FICO.

  • To close more sales, it’s important that contractors and sales reps be prepared to answer questions customers may have about their credit options, including second look financing. By understanding program benefits and information related to the lending process, contractors gain the ability to provide an easy, frictionless, and consultative sales experience that’s sure to boost revenue.

  • Offering second look financing to support your prime credit card helps close more sales on large-ticket items by reaching the significant portion of the U.S. population who don’t qualify for prime finance. Revolving lines of credit and deferred interest programs offer alternatives to installment loans that can breed more loyalty and help a more financially-diverse customer base. As advances in technology help retailers engage customers more effectively while they consider the best use of their credit limits, it is just as important to ensure financing applications are seamless across all channels where purchases can be made.