ATLANTA, April 19, 2019 /PRNewswire/ -- Fortiva®
Retail Credit, the leader in second look point-of-sale financing,
today announced a new strategic partnership to provide consumer
financing services to Bob's Discount Furniture, one of the nation's
largest furniture store chains.
The new partnership optimizes Bob's Discount Furniture's finance
offerings and empowers consumers across the country to take
advantage of Fortiva Retail Credit's industry-leading second look
credit solutions, which include deep underwriting to approve more
consumers, a seamless omnichannel application process and decades
of proven experience in the industry.
"As with everything we do, this partnership aims to provide
unsurpassed value by upgrading our second look financing solution
with the industry's preeminent provider to ensure we have the best
credit program possible for all our consumers," said Dean Lotufo, VP of Finance at Bob's Discount
Furniture. "This partnership ensures that more of our shoppers,
using credit to purchase our quality furniture, will enjoy a quick,
simple and secure application process and instant decision."
"We are excited to partner with Bob's Furniture and their
continued mission of delivering an unbeatable consumer experience
through a seamless credit process," said David Caruso, Chief Commercial Officer - Retail
Credit. "When large national retailers like Bob's Discount
Furniture measure our financing expertise against competitors, we
are proud to consistently stand out from other second look credit
providers by leveraging market-leading technology and more than 20
years of consumer financing experience to approve more consumers
and deliver more sales quickly."
Fortiva Retail Credit leverages flexible technology capabilities
to offer a seamless option between prime financing and lease-to-own
solutions. When a shopper is declined financing from a prime credit
provider, their application is instantly processed for our second
look solution, creating the most integrated consumer experience and
most approvals for our client. Using knowledge gained from over 20
years of data aggregation and consumer performance, Fortiva Retail
Credit offers the industry's deepest underwriting to approve
consumers based on factors beyond their credit score.
Fortiva Retail Credit provides a fully integrated, omnichannel
financing solutions for retailers in the big box retail, furniture,
elective medical, health and fitness, home automation, consumer
electronics, and home improvement industries. Six of the top 10
furniture retailers that offer second look financing in Furniture
Today's Top 100 ranking have chosen Fortiva Retail Credit as their
provider.
About Bob's Discount Furniture
Bob's Discount Furniture provides a wide variety of quality
furnishings – including living room furniture, bedroom furniture,
dining room furniture, office furniture and home accents – at
everyday low prices. The stores also offer a unique and enjoyable
shopping experience featuring cafes in each store with free gourmet
coffee, ice cream, cookies and candy. Since 1991, Bob's has built
strong customer loyalty by offering the highest-value home
furnishings at the lowest possible prices. With 111 furniture
stores located throughout New England, California, Delaware, Illinois, Indiana, Maryland, Michigan, Missouri, New
Jersey, New York,
Nevada, Pennsylvania, Virginia and Wisconsin, the Manchester, Connecticut-based company has
become the 12th-largest U.S. furniture chain and proudly holds an
A+ rating from the Better Business Bureau. Additionally, Bob's is
committed to supporting communities where its stores are located
through a variety of charitable giving efforts. Bob's Discount
Furniture Charitable Foundation has anchored the company's
philanthropic work for more than 20 years. In addition, the Bob's
Outreach program was created as a separate entity to help schools
and children-related charities. The company donates more than
$2.75 million to charities through
these programs each year. For more information on Bob's charitable
programs, visit http://www.BobsCares.org/, and follow us on
Twitter @MyBobs and on Facebook
at www.facebook.com/MyBobs and Instagram
www.instagram.com/mybobs.
About Fortiva Retail Credit
Fortiva® Retail Credit is a technology-enabled
second look point-of-sale consumer credit program issued by The
Bank of Missouri. The omnichannel
program leverages instant decisioning capabilities, deep
underwriting, and a paperless process to provide a best-in-class
retail finance program for its clients both in-store and online.
The flexible technology platform provides a loan decision to
consumers within seconds. Clients in several markets such as
furniture, big box/specialty retail, flooring, home improvement,
HVAC, electronics, elective medical, health and fitness, and home
automation, offer the program for second look financing.
Fortiva® Retail Credit serves all U.S. markets
including Puerto Rico and the
U.S. Virgin Islands. The Fortiva
Retail Credit program is managed by subsidiaries of Atlanticus
Holdings Corporation (NASDAQ: ATLC).
For more information, press only:
Michael Mooney
(404) 875-3400
mooney@postoncommunications.com
For more information:
www.fortivaretailcredit.com
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SOURCE Fortiva Retail Credit