Meet&CoMECHANICSBURG, Pa. — Versatile Credit, a provider of consumer financing solutions, has announced the integration of Snap Finance’s bank-sponsored loan program into its platform.
Versatile and Snap Finance have partnered for nearly a decade, bringing Snap’s lease-to-own and retail installment contract financing options to merchants across industries including furniture, electronics, and jewelry. With the addition of Snap Finance’s bank-sponsored loan program, retailers can now offer a comprehensive, 50-state solution for credit-challenged customers, including options in states where lease-to-own is not available.
Vicki Turjan, President of Versatile Credit, expressed enthusiasm about integrating the bank-sponsored loan program, stating that it gives merchants another strong option to connect customers with the financing they need. She noted that Snap Finance excels at serving a critical segment of the consumer base, which is an essential component of a merchant’s comprehensive credit strategy. Turjan added that by offering more choices and leveraging Snap’s proven customer understanding, Versatile provides tools to create a great experience that ultimately helps merchants build and strengthen customer relationships.
Ted Saunders, CEO of Snap Finance, stated that Versatile Credit has been a valued partner for the past decade. He expressed excitement about expanding the relationship by bringing the bank-sponsored loan program to their platform, noting that together they provide retailers with a complete, end-to-end solution that drives sales and improves the customer experience.
