Pinnacle Finance Blog

January 17, 2016

TIPS TO INCREASE YOUR CREDIT APPROVALS

Happy New Year!  As we begin the New Year what would it mean to your bottom line if you could get an additional 5%-10% of your credit applicants approved in 2016 compared to last year?  More approved credit applications leads to higher sales volumes and greater profitability.  You can be sure to maximize the percentage of approved credit applications by following some of these tips below. Make sure the customers’ income on the credit application is accurate – One of the key credit worthiness metrics that most lenders review are debt to income ratios. The higher this ratio the greater […]
February 17, 2016

LOAN DOCUMENTS UPDATE

One of our primary goals at Pinnacle Finance is to fund loans as quickly as possible for our dealers.  Dealers can assist in this process by making sure that Pinnacle has all of the required documents and that they are completed correctly.  To help make the funding process as efficient as possible we have made some minor changes to our credit application and contract completion screens within the Pinnacle Online Dealer System (PODS).   First, to review, the following are the documents Pinnacle requires to fund a loan. Credit application signed by customer(s) – An original of the credit application […]