How Credee’s No Credit Check Policy Leads More Customers To You

Sometimes the only obstacle between a customer and a product or service is a stringent Credit Check. With Credee, you can change that narrative!

After all, a low credit score may not always be a reflection of the person's ability to repay a loan or manage their finances responsibly. And that’s why Credee allows you to look beyond just credit scores and see the real potential in every customer. This means you can help more people get what they need right when they do.

Notably, nearly a quarter of Americans fall within the poor to fair credit score range, with scores between 300 and 649.

But here’s the thing: a poor credit score does not always translate to financial irresponsibility. It could be owing to various unprecedented reasons. Let’s go over a few of them.

• Debt-to-income ratio may reflect unexpected expenses.
• Recent inquiries could stem from urgent needs.
• Short credit history might result from relocation.
• Missed payments due to unexpected job loss.
• Bankruptcy or foreclosure from unforeseen circumstances.
• High credit utilization from emergency expenses.
• Errors on report may be beyond control.
• Unstable employment history caused by market fluctuations.
• Limited credit mix due to financial barriers.
• Recent hardships impacted by personal crises.

With that in mind, it’s imperative to disregard credit score as a primitive criteria of offering financing. Let’s understand how customer financing solutions options with credit checks can deter your potential customers.

Credit Checks Can Be A Dealbreaker For Customers

Here's why:

1. Fear of Credit Score Impact: Customers often hesitate when a credit check is involved, especially if it's a hard inquiry. They worry that even a small dip in their score could hurt their chances for future loans or better interest rates.

2. Uncertainty of Approval: Some customers might back away if they're unsure how the credit check will turn out. Anticipating a denial or less favorable terms can be enough for them to drop the purchase entirely.

3. Privacy Concerns: Credit checks require personal financial info, and that's where privacy worries come into play. Customers may be uncomfortable sharing sensitive details or unsure of how their data will be used.

4. Delays in the Process: Credit checks can slow things down, and for customers who want a quick, hassle-free transaction, waiting for approval can be discouraging. They might start eyeing faster, credit-free alternatives.

5. Rejection: Failing a credit check can leave customers feeling embarrassed or discouraged. That could lead them to abandon the purchase or look for competitors with fewer credit hurdles.

6. Higher Costs: For customers with less-than-perfect credit, passing the check could still mean higher interest rates or fees, making the deal less attractive and more expensive.

Offering customer financing solutions not only does away with all these challenges, but also offers benefits that are too good to miss out on. The below tables give you a quick overview of all of them.

Benefits of Offering NO CREDIT CHECK Payment Plans

For Businesses	For Customers
Increased Sales: Attract more customers who may be deterred by credit checks, leading to higher conversion rates.	Accessibility: Allows customers with poor or no credit history to make purchases, broadening their options.
Loyalty Building: Encourages repeat business by fostering trust and positive customer relationships.	Flexible Payments: Offers more manageable payment options, making larger purchases more affordable.
Competitive Advantage: Differentiates the business from competitors that require credit checks.	Immediate Access: Customers can receive products or services immediately without lengthy approval processes.
Reduced Risk of Abandoned Carts: Minimizes barriers during the checkout process, reducing cart abandonment rates.	Financial Relief: Provides an opportunity for customers to spread payments over time, easing financial burdens.
Higher Average Order Value: Customers may spend more when they don’t feel constrained by their credit status.	No Credit Impact: Customers do not have to worry about their credit score being affected by the payment plan.
Streamlined Processes: Simplifies the application and approval processes, leading to quicker transactions.	Empowerment: Customers feel more in control of their finances and purchasing decisions.

Credee: A Catalyst for No Credit Check Payment Plans

Credee is turning things around by making payment plans accessible without the hassle of credit checks. Through Credee, businesses can offer a stress-free, flexible option to customers who might otherwise be held back by their credit history. By cutting out the need for complicated approvals, Credee simplifies the entire process, allowing customers to make purchases with ease, while businesses see a boost in sales.

No More Turning Customers Away

With Credee’s no credit check policy, you can enjoy an impressive 97% approval rate, eliminating the need to turn customers away based on their credit scores. This approach allows you to offer flexible payment options to nearly everyone, ensuring that all customers have access to the products and services they need. As a result, customer satisfaction soars, and your sales increase. By removing credit checks, you can fully embrace the opportunity to serve more customers and cultivate lasting relationships!

Talk About Inclusivity

Credee’s no credit check policy champions inclusivity by providing access to products and services for everyone, regardless of their financial background. By eliminating traditional credit barriers, you can welcome a wider range of customers into your business. This commitment to inclusivity not only enhances your brand's reputation but also fosters trust and loyalty among your clientele.

And Credee Has More To Offer Than Just That!

- Effortless Website Integration: Credee ensures a smooth user experience from the get-go.

- Multilingual Support: The platform caters to a diverse audience, making accessibility a top priority.

- Streamlined Payment Process: With automated collection, the payment process is simplified for everyone involved.

- Flexible Payment Plans: Various options are available to suit different financial situations, making it easier for users to find a fit.

How Do Credee’s No Credit Check Payment Plans Work?

It's easier than you'd imagine:

- Right before completing the purchase, your customers can choose a flexible payment plan as their payment method.

- They can either create a custom plan or select from Credee’s standard options with various timeframes.

- Your customers will then pick a plan that suits their needs—whether it’s 6, 9, or 12 months.

- Once they choose, they’ll start making timely payments, ensuring a smooth transaction for both sides.

Conclusion

Credee is here to change the narrative around credit. By eliminating credit checks, it empowers businesses to serve more customers and boost sales. With Credee, everyone gets a fair shot, making the buying experience smoother and more accessible. And all in all, it’s a win-win: more business, happier customers, and a smarter way to grow loyalty and revenue without the traditional roadblocks.