Fortiva® Retail Credit Expands Partnership with American Signature Furniture to Offer Second Look Financing Solutions Natio...
November 12 2019 - 8:00AM
Fortiva® Retail Credit, the leader in second look point-of-sale
financing, today announces its partnership to provide the exclusive
second look financing solution to all 118 stores and on-line
platforms within the American Signature, Inc. (Value City
Furniture, American Signature Furniture) umbrella, one of the
nation’s largest home furnishing retailers.
Fortiva Retail Credit has supported the consumer financing
program for American Signature Furniture stores since 2012, and
after successfully increasing sales through more efficient
technology and higher approval rates, entered an agreement to
expand its services to exclusively serve the furniture retailers’
customers nationwide.
“At American Signature, we firmly believe everyone has the right
to a well-furnished life, and Fortiva Retail Credit’s ability to
meet the needs of customers throughout the credit spectrum helps us
provide quality furniture to more customers by approving customers
for convenient financing that otherwise might not qualify,” said
Eric Jackson, CFO of American Signature, Inc. (Value City
Furniture, American Signature Furniture). “Fortiva Retail
Credit’s unparalleled technology, secure and fast application
process, and deep underwriting expertise aligns with our mission to
make furniture shopping easy for each and every customer – whether
in-store or online.”
Fortiva Retail Credit provides second look financing to approve
more customers with robust technology to enable a frictionless
application process across points of sale. If a shopper is declined
by a provider of prime financing at American Signature, her or his
application is instantly processed for Fortiva Retail Credit’s
second look solution, which creates an integrated consumer
experience and more approvals. Using knowledge gained from over 23
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.
“We are excited for the opportunity to deepen our partnership
with American Signature and enhance the shopping experience by
deploying simple and convenient financing solutions to make
furniture shopping easy for their customers,” said David Caruso,
Chief Commercial Officer for Fortiva Retail Credit. “We are proud
that leading retailers like American Signature, which is number 16
on Furniture Today’s Top 100 ranking, turn to us as a trusted
partner and extension of their brand to both elevate their sales
and their customer experience. Our market-leading technology and
underwriting create the best customer and sales associate
experience available in the market today”
About American Signature, Inc. Founded in 1948,
American Signature, Inc. is a family-owned and -operated furniture
retailer based in Columbus, Ohio. It is the parent company of
Value City Furniture and American Signature Furniture, with 118
stores across the U.S. The business believes everyone has the right
to a well-furnished life and is known for its quality made Designer
Looks Collection, which offers high-end styles at affordable
prices. For more information, please visit
https://www.americansignaturefurniture.com/.
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 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, please visit
https://www.fortivaretailcredit.com.
Contact: Investor Relations Mitch
Saunders 770.828.2000 investors@atlanticus.com
Atlanticus (NASDAQ:ATLC)
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