SCHAUMBURG, Illinois –November 30, 2007 – American FINCO Financial Services, a leading provider of third-party consumer credit to the home improvement industry, today announced innovative new promotional offerings. Dealers using the new combination promotions will be able to offer customers no interest and no payments for three months which converts to a low APR of 9.9% or 12.9% for up to 24 months following the deferral period.
“The new promotions will allow dealers to provide their customers with the best of both worlds, an initial deferral period with no interest accruing and then a low introductory interest rate for a set period of time,” said Robert “Pete” Kanatzar, Company’s Chief Operating Officer of American FINCO. “This is something our dealers recommended to us and we expect it will help them close more sales.”
American FINCO Financial Services is a leading third-party provider of consumer credit through dealers in the home improvement industry. Headquartered in Schaumburg, Illinois, the company currently offers private label credit card financing to dealers in all 50 states and Puerto Rico.
CONTACT: American FINCO Financial Services
Robert “Pete” Kanatzar