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Versatile Credit offers a prequalification function with American First Finance

MECHANICSBURG, Pa. — Versatile Credit Inc.a credit aggregation and customer acquisition tool for merchants and lenders, has deployed new prequalification functionality with American First Finance.

The prequalification allows merchants new opportunities to provide seamless second-look financing and lease-to-own options to their customers.

Versatile’s cascade technology guides consumers through various financing and lease-to-own product offers from primary, secondary and “no-credit required” providers to find the financing or lease-to-own option that works best for each applicant. Merchants can offer applications through an array of technologies and channels, from traditional self-service kiosks and merchant-owned tablets to e-commerce and contactless, transition-to-mobile technology.

American First Finance is a consumer financial technology company facilitating alternative financing and lease-to-own solutions. With this deployment of its prequalification solution, merchants will have the ability to introduce eligible customers to secondary financing options, while reducing the risk of unnecessary credit checks. Once shoppers are prequalified, they are transitioned to an American First Finance application to complete the application process.

Vicki Turjan

“There has been a lot of economic uncertainty throughout the last few years,” said Vicki Turjan, president and chief operating officer of Versatile Credit. “In this type of environment, tools like prequalification are incredibly important in helping to guide customers to a financing product that fits their borrowing profile, without discouraging them with the risk of a hard credit check.”

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