Conseco Finance Corp. Debuts Innovative Credit Program For Independent Outdoor Power Equipment Dealers.Business Editors ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn.--(BUSINESS WIRE)--Dec. 6, 2000 Conseco Finance Corp., lending subsidiary of Conseco, Inc. (NYSE NYSE See: New York Stock Exchange :CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication ), announced today an innovative, new financing program for independent outdoor power equipment dealers. Designed to help participating dealers improve cash flow, increase sales and promote customer loyalty, the program has two parts: inventory financing Inventory financing Used in the context of factoring and general finance to refer to loans to consumer product producers that use inventory as collateral. See also: Inventory loan. (floor planning Floor planning Arrangement used to finance inventory. A finance company buys the inventory, which is then held in trust for the user. ) and retail financing. At its foundation are two private label credit cards: "Cutting Edge," for residential use, and "Cutting Edge Pro," for commercial use. Both cards can be used on any brand of equipment, parts, accessories, and services the dealer sells, making them unique in the outdoor power equipment industry. Dealer Jay Jacobi of Jacobi Sales Inc., Sellersburg, Ind., appreciates the innovative marketing programs offered by Conseco Finance that help grow his business. "We've seen a boost in sales this year," says Jacobi, "thanks in part to our relationship with Conseco Finance." "With programs like Cutting Edge, Conseco Finance becomes a one-stop-shop for the dealer's financing needs," says Todd Woodard, President of Retail Services at Conseco Finance. Woodard notes that the inventory financing and sales financing programs are also available independently. Working in a spirit of partnership, Conseco Finance is focused on providing incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. value to dealers' sales efforts through innovative programs and extensive marketing support. Superior customer service is also an integral part of all Conseco Finance credit offerings. From a state-of-the-art image-based credit processing system that reduces decision times to minutes, to a sophisticated customer relationship management system that provides up-to-the-minute customer knowledge across product lines, Conseco Finance is transforming traditional customer service into customer-focused solutions. Conseco Finance Corp., with assets of $48 billion, is one of America's largest finance companies. In just four years, Conseco Finance has become one of the top five issuers of private label credit cards. The company is also a leader in the home equity, home improvement and manufactured housing Manufactured housing (also known as prefab housing) is a type of housing unit that is largely assembled in factories and then transported to sites of use. In the United States, the term "manufactured home" specifically refers to a house built entirely in a protected finance businesses. Conseco Finance is a subsidiary of Conseco, Inc. (NYSE:CNC), headquartered in Carmel, Ind. http://www.conseco.com |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion