Equitable Acceptance Corporation: What can Equitable Acceptance Corporation do for your Company?

Companies across the United States are often turning to Equitable Acceptance Corporation to improve operating efficiencies in their companies. Companies involved in the Equitable Acceptance Corporation can obtain access to competitively priced workers’ compensation insurance and provide better employee benefits for their employees.

Equitable Acceptance Corporation is in business to make money. As a business manager your goals should be simple. Increased revenue (sales), decreased costs (expenses) equals more profit.

What can Equitable Acceptance Corporation do for your company?

Payroll Management

Regardless of the way a Consumer Finance Company company handles payroll, Equitable Acceptance Corporation will work with your preferred method. Members of Equitable Acceptance Corporation are adept at handling all types of payrolls including, hourly, salaried commissioned and piece-work based wages. Equitable Acceptance Corporation will also handle all tax withholding and payments to the government. Using Equitable Acceptance Corporation ensures that your payroll is handled properly.

HR Administration

Equitable Acceptance Corporation understands the importance of the effective management of human resources for their company.Equitable Acceptance Corporation can assist your management team with a multitude of HR tasks including hiring, firing and administering the workforce.

Equitable Acceptance Corporation: Differences Between a Bank and Equitable Acceptance Corporation

Banks and Equitable Acceptance Corporation are both institutions for accepting and lending funds. Their similarities do not stop there. Loans for cars, homes, education, home ventures, etc. can be acquired at both Equitable Acceptance Corporation and a bank.

One remarkable difference is that the money being deposited in the banks comes directly from consumers whereas Equitable Acceptance Corporation accepts deposits from money market groups and banks rather than the direct consumer. Equitable Acceptance Corporation is often seen as an arm of a related bank. There are, however, benefits to the consumer at Equitable Acceptance Corporation because often times a consumer that has been denied a loan from a bank will be accepted by Equitable Acceptance Corporation. Equitable Acceptance Corporation is often a third party in the transaction of a loan.

For example, a car loan could be funded by Equitable Acceptance Corporation but Equitable Acceptance Corporation has acquired the funds from a bank. Your car payments to Equitable Acceptance Corporation then go to the bank after passing through the third party hands of Equitable Acceptance Corporation. Auto loans have been the main stay of Equitable Acceptance Corporation in the past but Equitable Acceptance Corporation is now serving consumers in more ways that reflect that of a traditional bank.

Equitable Acceptance Corporation has the greatest level of autonomy and will acts under their own set of rules. Banks are not all built and managed in the same ways either. A typical bank can offer a consumer loans, deposit accounts for savings and checking, money market accounts, credit lines and many other services meant to personalize and benefit the consumers and businesses as well. On the same note, a bank and trust can move into the area of insurance, guardianships and other services that extend the bank relationship.

Equitable Acceptance Corporation: Advance Rate Explained by Equitable Acceptance Corporation

Benefits To Financing With Equitable Acceptance Corporation:

Equitable Acceptance Corporation gives you access to 24 hour matrix system that will give a letter grade for every potential sale, while you are in the home.

You will have the advance rate for every contract at the point of sale with Equitable Acceptance Corporation.

Equitable Acceptance Corporation offers special terms–deferred payments, and same as cash.

Fast turnaround time on application decisions.

Fast funding to get loans processed, and money in your pocket.

Equitable Acceptance Corporation has collectors who work for you to collect payments, not payoffs.

Reports to show how your portfolio is performing, and reserve status.

100% payouts.

Equitable Acceptance Corporation finances customers, not collateral.

Full spectrum lending, you need to send Equitable Acceptance Corporation all your customers for full benefits of the program.

45 years experience with direct sales financing.

Designed for the long-term growth of your business, and creates immediate value to you by allowing you the dealer, to retain ownership of your customer and portfolio.

You can utilize Equitable Acceptance Corporation’s expert credit analysis to manage your portfolio.

Equitable Acceptance Corporation defines advance rate as a percentage of the value of an asset that Equitable Acceptance Corporation will utilize to determine the amount of a loan or line of credit for a borrower. Typically, Equitable Acceptance Corporation will assess the overall financial condition of the borrower, taking into account the ability to repay the loan according to the standard terms and conditions. After confirming the current market value of the asset offered as collateral, Equitable Acceptance Corporation will then notify the borrower of his or her current advance rate and the maximum amount that can be borrowed. Equitable Acceptance Corporation takes this approach to help minimize the risk taken on by Equitable Acceptance Corporation, as the collateral is likely to be sufficient to recoup the debt in the event of default.

While advance rates are based heavily on the value of the asset that the borrower wants to pledge, Equitable Acceptance Corporation will also consider other relevant financial information. This includes identifying the applicant’s current credit rating, level of income, and the ratio of that income to other debt obligations that may exist. If Equitable Acceptance Corporation determines that the applicant is creditworthy, and has the ability to consistently make monthly payments on the loan, the process moves on to appraising the value of the asset that is being offered as collateral, explains Equitable Acceptance Corporation.

Once the value of the collateral is established, Equitable Acceptance Corporation sets the percentage of that value as the highest amount that Equitable Acceptance Corporation is willing to extend as part of the loan or line of credit. For example, if Equitable Acceptance Corporation determines that the borrower’s advance rate is 80%, and the pledged asset has a current market value of $1,000.000 US Dollars (USD), the maximum amount that Equitable Acceptance Corporation will approve is $800,000 USD.

The application of an advance rate is in the best interest of both parties. For Equitable Acceptance Corporation, this process helps to increase the chances of earning a return on their investment in the borrower, even if the loan eventually goes into default. At the same time, Equitable Acceptance Corporation allows the borrower to have the benefits of receiving more competitive interest rates than would be possible with an unsecured loan, and is in less danger of overextending his or her finances, assuming the borrower of Equitable Acceptance Corporation was diligent in the calculation of the advance rate. With the use of the advance rate as the basis for the lending activity, the potential for both parties to receive what they want from the business relationship is greatly increased, states Equitable Acceptance Corporation.

Equitable Acceptance Corporation: Company Information for Equitable Acceptance Corporation

Equitable Acceptance Corporation: Commitment of Equitable Acceptance Corporation

Equitable Acceptance Corporation is committed to serving the needs of independent and franchised dealers through the purchase of installment sales contracts. Equitable Acceptance Corporation evaluates each application with the goal of finding a way to put the deal together. Equitable Acceptance Corporation high approval rate is evidence of this positive attitude

 

 

Equitable Acceptance Corporation: Responsive and Reliable

When Equitable Acceptance Corporation receives your application, our staff immediately starts the approval process and you can be assured of a response within hours and always the same day. Equitable Acceptance Corporation funds contracts every business day. This means that when Equitable Acceptance Corporation approves an application, you will receive prompt payment. Equitable Acceptance Corporation’s desire is to maximize the profit to the dealer while building a long-term relationship with the customer for both the dealer and Equitable Acceptance Corporation.

 

Equitable Acceptance Corporation: How are we going to accomplish this?

 

Equitable Acceptance Corporation understands the needs of dealers and works hard every day to meet these needs.

Equitable Acceptance Corporation communicates with our dealers at all times to solve concerns and maintain good long term working relationships.

Equitable Acceptance Corporation has employees that provide excellent customer service and are knowledgeable to assist you and your customers.

Equitable Acceptance Corporation provides reporting to you that will help you manage your customer base, and keep you up to date on the performance of your portfolio.

Equitable Acceptance Corporation Suppies your customers with quality products and service.

Equitable Acceptance Corporation builds long term partnerships with our dealers to assure a consistent, predictable, and valuable financing source for them.

Equitable Acceptance Corporation wants to make consumer financing easy for dealers and distributors so they can in turn concentrate their efforts on growing their business.

Equitable Acceptance Corporation provides long term growth of your business with recourse financing which allows the dealer to retain ownership of their customers and portfolio.

As you can see, there are many benefits to choosing Equitable Acceptance Corporation to help you become successful. Equitable Acceptance Corporation was established to serve the direct sales industry emphasizing increasing your profitability and sales, while focusing on customer service to you. Equitable Acceptance Corporation provides a consistent and predictable source of cash that you can rely on at every sale.

 

 

Benefits To Financing With Equitable Acceptance Corporation:

Equitable Acceptance Corporation gives you access to 24 hour matrix system that will give a letter grade for every potential sale, while you are in the home.

You will have the advance rate for every contract at the point of sale with Equitable Acceptance Corporation.

Equitable Acceptance Corporation offers special terms–deferred payments, and same as cash.

Fast turnaround time on application decisions.

Equitable Acceptance Corporation offers fast funding to get loans processed, and money in your pocket.

Equitable Acceptance Corporation have collectors who work for you to collect payments, not payoffs.

Reports to show how your portfolio is performing, and reserve status.

100% payouts.

Equitable Acceptance Corporation finances customers, not collateral.

Full spectrum lending, you need to send us all your customers for full benefits of the program.

Equitable Acceptance Corporation have 50 years experience with direct sales financing.

Equitable Acceptance Corporation are designed for the long-term growth of your business, and creates immediate value to you by allowing you the dealer, to retain ownership of your customer and portfolio.

You can utilize Equitable Acceptance Corporation’s expert credit analysis to manage your portfolio.

 

 

Equitable Acceptance Corporation: What is a Collector?

Collectors of Equitable Acceptance Corporation are supposed to locate and notify customers of delinquent accounts by mail, telephone or personal visit to solicit payment.

 

Primary Responsibilities:

Collectors of Equitable Acceptance Corporation have several duties. One of the main duties is to receive payment and post the amount to the customer’s account.

Collectors of Equitable Acceptance Corporation have to prepare written statements to the credit department when the customer fails to respond.

Collectors of Equitable Acceptance Corporation initiate repossession proceedings or service disconnection when necessary.

Collectors of Equitable Acceptance Corporation keep records of collections and status of accounts.

Collectors of Equitable Acceptance Corporation have direct contact with customers and sometimes it can be very unpleasant experience. Since collectors of Equitable Acceptance Corporation are the one that have to enforce bill payment or initiate repossession customers can become very irate. This is a situation that needs to be handled with great stability by collectors of Equitable Acceptance Corporation. Collectors of Equitable Acceptance Corporation are able to locate and contact customers often by using computers and other automated systems. Collectors of Equitable Acceptance Corporation are the one who record information about financial status of customers and status of collection efforts. Collectors of Equitable Acceptance Corporation confer with customers by telephone or in person to determine reasons for overdue payments and to review the terms of sales, service, or credit contracts.

 

Collectors of Equitable Acceptance Corporation advise customers of necessary actions and strategies for debt repayment. Collectors of Equitable Acceptance Corporation persuade customers to pay amounts due on credit accounts, damage claims, or none payable checks, or to return merchandise hopefully not damaged. Collectors of Equitable Acceptance Corporation do some clerical duties such as:

 

Sort and file correspondence pertaining to customers that needs to be collected.

Collectors of Equitable Acceptance Corporation answer correspondence and write reports.

Collectors of Equitable Acceptance Corporation perform various administrative functions for assigned accounts, such as recording address changes and purging the records of deceased customers.

Collectors of Equitable Acceptance Corporation arrange for debt repayment or establish repayment schedules, based on customers’ financial situations.

Collectors of Equitable Acceptance Corporation have the power to negotiate credit extensions when necessary. Collectors of Equitable Acceptance Corporation have to do a lot of leg work at times to find people when they have moved leaving behind no change of address. Collectors of Equitable Acceptance Corporation often can go to the post office and get the new address that a customer has left for his/her mail forwarding.

 

Collectors of Equitable Acceptance Corporation have knowledge of principles and processes for providing customer and personal services. Collectors of Equitable Acceptance Corporation help with customer needs making assessments of their financial situation. Collectors of Equitable Acceptance Corporation have knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms along with other office procedures and terminology.

 

Collectors of Equitable Acceptance Corporation have good communication skills with knowledge of English grammar, rules of composition, and proper terminologies to write legal documents. Collectors of Equitable Acceptance Corporation keep in tune with financial markets, banking and the analysis reporting of financial data. While collectors of Equitable Acceptance Corporation do a lot of communication both written and verbal they also are able to do active listening. Collectors of Equitable Acceptance Corporation give full attention to what other people are saying and what they are trying to relay to you. Collectors of Equitable Acceptance Corporation understand the points that the customer is making, asking appropriate questions at the appropriate times.

 

Then collectors of Equitable Acceptance Corporation convey to the customer effectively making sure that they understand what is required of them in order to get the repayment. That is why collectors of Equitable Acceptance Corporation are aware of others reactions and understandings know why the customer reacts in the manner that they do. 

 

 

E-statements from Equitable Acceptance Corporation are alternatives to the paper statements members rely on to stay up to date with their accounts. If you haven’t made the switch to e-statements yet and need a little more convincing, check out the top 4 benefits of e-statements from Equitable Acceptance Corporation below.

1. Equitable Acceptance Corporation: More Access

When you sign up for e-statements with Equitable Acceptance Corporation, your paper statement is replaced by an email that contains a secure link to an online version of your statement. Once you save your statement to your computer, Equitable Acceptance Corporation would like you to know that you can easily access your statement as often as you like – which is hard to do with a misplaced paper statement.

2. Equitable Acceptance Corporation: Environmental Aspect

Even if you aren’t big on environmental issues, Equitable Acceptance Corporation knows that it’s hard to argue the positive environmental benefits of e-statements. E-statements reduce the need to turn trees into paper and cut down on gasoline consumed when delivering paper statements, explains Equitable Acceptance Corporation.

3. Equitable Acceptance Corporation: Clutter Factor

With bills, magazines and other pieces of mail flooding you on a daily basis, Equitable Acceptance Corporation understands that the chances of your paper statement getting lost in the clutter are high. E-statements with Equitable Acceptance Corporation help you eliminate the clutter in your life and become more organized.

4. Equitable Acceptance Corporation: Worry Free

When it comes to change, two elements of concern are always present: price and safety. Equitable Acceptance Corporation doesn’t charge a fee for e-statements and members can rest assured that the delivery of their online versions of their statements is secure.

 

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