Retail Installment Contract (consumer contract) is a contract that allows consumer to pay for business product or service over time in fixed monthly installments.
Description:
Installment financing is common among businesses that offer high-ticket products (automobiles, electronics, appliances and jewelries) or continuing services (music lessons, financial services, timeshare memberships).
Rainfall Capital purchases retail installment contracts (consumer contracts) from businesses, and in return give you instant cash right away. Instead of getting money on a monthly basis for a partial amount of the total payment, you will get instant total cash for a discounted fee.
If you don't already have an installment financing option available to your customers, my funding sources (institutional finance companies) may be able to structure a plan for you.
Benefits of Selling Retail Installment Contracts:
*Gives business the opportunity to increase sales without increasing their overhead. The business can grow their customer base without developing, maintaining, and staffing an expensive financial accounting database system.
*Allows business to compete with larger competitors by offering in-house financing to their customers.
*Most funding sources also offer optional billing and collection services. Business can lower the administrative costs and time spent in billing, collecting, and accounting for accounts receivables.
