The newsroom is a place for you to find the latest news articles and press releases featuring Fortiva Retail Credit.
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PR Web
Fortiva Retail Credit CEO, Jeff Howard, Dufresne Spencer Group President, Chad Spencer and President/CEO of Broad River Retail, Charlie Malouf, all recently took the stage at the Ashley Furniture HomeStore Market Event in Las Vegas on July 28, 2017 to discuss the evolution, growth and keys to success in a second look financing partner.
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Home Furnishings Business
Fortiva Retail Credit is Announced as STORIS Client Conference Sponsor
More than 200 retailers already have registered for the event, but registration is still open through the Storis client portal, support.Storis.com. Conference sponsors include AcceptanceNOW, ecUtopia, Fortitude Technology, Fortiva Retail Credit, Peak 10 + Via West, Podium, Rocket Software, and Wells Fargo Retail Services. In addition to the keynotes, Storis said the event includes 25 educational seminars, multiple networking events, and evening receptions. https://www.storis.com/event/client-conference-2017/
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Residential Contractor
Get More Business with Tiered Financing
According to a 2017 report from the Federal Reserve, 44 percent of Americans are unable to afford an emergency expense costing more than $400, meaning customers with an immediate home improvement need may not have the cash laying around to afford your contracting services. Consumer financing is an easy way to reach these customers and close more sales.
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PRWeb
Bradford White Partners with Fortiva Retail Credit to Offer Second Look Financing
The dynamic partnership enables Bradford White to leverage Fortiva Retail Credit’s full suite of lending solutions in order to extend the company’s longstanding commitment to serve the needs of professional installers and help build their businesses.
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Furniture Today
Ghost in the machine: Artificial intelligence plays a growing role in the financing approval process
“Our system is not reliant on FICO. Our analytics have evolved such that we use variables that might be part of FICO scores, but we go way beyond that,” said Jeff Howard, CEO of second-look financing provider Fortiva. Artificial intelligence and machine learning are coming on strong among providers of consumer financing in the furniture space. The technique is especially prevalent among companies targeting sub-prime consumers with lease-to-own offerings. With more than two-thirds of consumers carrying a FICO credit score under 700 — or little or no credit history at all — AI and its accumulated analysis of non-traditional measurements of credit risk is giving those companies an increased comfort level in approving more dollars more often, which helps boost sales at retail.