This company offers payment plan services for vehicle and home service contracts, partnering with direct marketers to provide strategic funding. They enable administrators, marketers, and dealers to expand their businesses and improve revenue by facilitating customer payment options for service contracts.
Funding
Funding not disclosed
Founders
Product
Problem
Consumers often face financial barriers when purchasing vehicle and home service contracts, as the full cost is typically required upfront. This can deter customers from acquiring necessary protection for their assets due to the immediate financial strain. Businesses selling these contracts may struggle to close deals and maximize revenue because of these affordability issues.
Solution
Walco Funding provides payment plan solutions that enable consumers to pay for vehicle and home service contracts in installments, removing the burden of a large upfront payment. By offering flexible payment options up to 24 months with no additional cost to the consumer, Walco Funding makes service contracts more accessible and affordable. This allows marketers, dealers, and administrators to increase sales, improve customer retention, and generate new revenue streams. Walco Funding's programs are designed to integrate with existing F&I systems, streamlining the contract registration process and providing partners with a user-friendly platform to manage accounts and track performance.
Target Audience
Walco Funding primarily serves marketers, dealers, and administrators in the automotive and home service contract industries seeking to increase sales and customer loyalty through flexible payment options.
Features
- Flexible payment plans up to 24 months, tailored to consumer financial needs
- No-cost financing options for consumers, increasing service contract appeal
- Integration with existing F&I systems for streamlined contract registration
- Online portal for partners to manage accounts, update plan options, and access support
- Customized plan options available across the United States and its territories
- Dedicated customer service team providing support to partners and consumers