Business

Here’s Why the Future Is Now With Alternative Financing

Published

3 years ago

June 16, 2021

How Alternative Financing Has Improved the Lending Process

The good old days actually weren’t so great when it came to high-quality purchasing options.

Before the internet changed everything, what choices were available? You had a few, and none of them was great: cash, in-store cards, regular credit cards, layaway, and personal loans from a bank or credit union (for larger purchases like a riding lawn mower or a beach vacation).

Those personal loans were a chore to secure because the approval process took several days to complete. Same with credit cards, for which you’d apply with a written form and wait to get a decision back in the mail. You might end up losing interest in the product you were considering during the wait and opt to forgo the personal loan or never utilize the credit card. Layaway payments (never a great option) might get canceled.

There were roadblocks in the purchasing process, for sure. Time, effort, risk, and the reality of making a significant commitment (for a personal loan especially) were major factors that mitigated completing a purchase.

A new, better option now exists. With the emergence of alternative financing options like Credova, all of those aforementioned barriers have been greatly reduced. You simply can’t overstate how many options are available for completing financing contracts faster — with no risk and greater transparency in the approval and financing, no less — for savvy customers in 2020.

All About You

In business today, it’s all about you — the consumer. If a retailer doesn’t have a product that can benefit you, that company won’t be in business long. Now, with full-spectrum lending options like Credova, approvals can be extended to customers with troubled credit all the way up to those with a pristine score of 850.

Purchasing with Credova couldn’t be easier. Imagine you’re shopping online and you see a button that says you can pay $20 per month instead of $400 up front, with no hard credit check required and only a few key pieces of information to enter into the system for approval. Credova has reduced the time to minutes instead of days for approvals, has neutralized the risk (you won’t hurt your credit to apply), and has given you the opportunity to improve your credit when you make payments on time.

And what about commitment? With alternative financing, you can often choose the length of your financing term, such as 90 days with no interest. You can even buy out early. So many options, and none with pre-payment penalties you might endure if you were to borrow from a bank.

Here’s another characteristic that makes Credova great: Credit score isn’t everything, as Credova considers more than 50 unique data points when you apply. Beyond favorable rates, another major benefit is simply the ability to access financing. Traditionally, good financing was just for those with higher credit. Credova extends financing to a wider customer base, which gives you the chance to make the purchases you want and need.

All Good Things

Credova has taken a process of delayed gratification and made it more instant. We’ve reduced the time between the initial purchase decision and its conclusion, increasing the likelihood of a successful sale. And we’ve extended more favorable terms to consumers like you than traditional banks or lenders have the ability to.

Many markets have yet to bring financing practices up to current standards for customers. Mortgages, car loans, student loans — these industries all employ dated practices that are arduous, time-consuming, and extremely inflexible. The time, effort, risk, and commitment to each of these types of loans is significant. That’s why the future for alternative financing is so exciting, as it will be branching into these outdated markets and disrupting the status quo.

While the future is bright, so is the present. More options for you, the buying customer, is a good thing. The ability to build credit, and the ability to make the purchases you want and need, are also good things. Credova facilitates all this while reducing the time you spend, so it’s less stressful and more seamless than any other purchasing option.

What are you waiting for? Join the thousands of satisfied customers who trust Credova with their important purchases every day.

Related Topics:Alternative Financing Credova

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Conduent and Microsoft Collaborate to Use AI to Increase Business Efficiency

Published

3 days ago

April 30, 2024

Kajal Chavan

AI-Powered Strategic Alliance for Improved Business Operations

Conduent, a provider of business services, recently announced a strategic partnership with Microsoft. The purpose of this partnership is to lead the way in generative artificial intelligence (AI) applications in important industries. The partnership’s primary goals are to use AI to transform healthcare administration, improve customer support, and strengthen fraud detection systems.

Boosting Cloud-Based Secure AI Adoption

Conduent’s clients will be able to take advantage of a secure cloud environment at a faster rate thanks to the synergy between Conduent and Microsoft. Three generative AI pilot programs are presently being developed by the alliance, one of which aims to efficiently extract data from medical documents. The goal of this project is to use Microsoft’s Azure AI Document Intelligence and Azure OpenAI Service to expedite the resolution process.

AI’s Strong Effect on the Growth of Small Businesses

The applications of AI go beyond the healthcare sector and include small businesses, where AI is thought to be a growth accelerator. AI has many uses, from enhancing customer service to automating marketing campaigns to expand its market reach. Particularly tailored AI solutions are being developed for small businesses, taking into account their unique resource limitations, making advanced AI tools more accessible to them.

Businesses with limited resources can now benefit from AI models developed by companies like Microsoft, which has garnered attention and given them a competitive advantage in the market. Supporters of these scaled models emphasize how easy it is to integrate, how affordable, and how little data these models require—all of which are advantageous for most companies that handle large volumes of sensitive data.

Conduent and Microsoft’s partnership is a big step toward bringing artificial intelligence (AI) into conventional business models, optimizing workflows, and establishing new benchmarks for customer and client interaction.

Business

A positive mindset, steering positive financial change, meet Oz Clement Knight

Published

1 week ago

April 23, 2024

Brand Buzz

Oz Clement Knight pushes boundaries as a top financial educator and entrepreneur, inspiring lives worldwide.

It is sometimes not just about feeling passionate about working in a particular field; it is more than that for a few rare professionals and business owners who strive for excellence daily, besides feeling passionate about all they choose to lay their hands on. When we saw the rise of Oz Clement Knight, who has been in the financial sector for several decades, we understood how a person needs to surrender to his aspirations and goals in life to push boundaries and steer positive change.

Oz Clement Knight is all about this and beyond. At every step in his journey, he has proved why he deserves to be called a leader in the financial realm, for he has stayed committed to taking his clients to the financial success they wish to achieve and, in the process, has reached the forefront of the industry.

He has been pioneering financial success for others through two incredible ventures, namely OHL Ventures Fund LLC and Ozmarq Holdings Ltd. The former is a Delaware series limited liability company to make venture capital and growth equity investments in diverse leading seed stage, early stage, and developmental stage and later stage private companies, with companies engaged in social media, social media, life sciences, and clean tech businesses. Through the fund, he promises to create returns for investors by helping them identify and invest in potential leading-edge companies that can later provide them with massive returns.

The latter serves as the Manager of the fund that will establish a series of funds for purchasing securities of a portfolio company/companies from a secondary source, making a separate and distinctive investment directly in a portfolio company/companies, and/or investing in the interests of investment funds, special purpose vehicles, or other entities whose portfolios consist of one or more portfolio companies.

With his years of experience and knowledge in private wealth management, investment banking, and capital markets, the financial educator, who loves spreading his knowledge among others, especially the youngsters in the field, has ensured that he offers financial services that cater to the individual needs of his clients, eventually empowering them to navigate the varied financial complexities in their journey to reach financial success.

Business

Dell Unveils AI-Enabled Laptops and Workstations for Indian Enterprises

Published

2 weeks ago

April 20, 2024

Kajal Chavan

In India, Dell has introduced a new line of business AI laptops and mobile workstations. The Latitude 9450 2-in-1, Latitude 5450 business laptop, Latitude 7350 Detachable, and Precision 5490 are the four laptops that the brand has introduced.

These are premium offerings with cutting-edge features that are intended to usher in the AI era and increase employee productivity for businesses. Let’s examine the cost, features, and accessibility of Dell’s most recent laptop models.

Dell Latitude 9450 2-in-1 Price and Features

The world’s smallest 14-inch commercial PC, the Dell Latitude 9450 2-in-1 is intended for consultants, salespeople, and executives. The laptop is the only commercial PC in the world with a Zero-Lattice Keyboard and Haptic Collaboration Touchpad, and it has an InfinityEdge QHD+ display.

Moreover, it has Mini-LED backlighting, which is said to cut down on battery consumption on the keyboard by up to 75%. Starting at Rs 2,60,699, you can purchase the Dell Latitude 9450 2-in-1.

Dell Latitude 5450 Business Laptop Price and Features

The Latitude 5450 business laptop is a member of the 5000 series, featuring the Intel Core Ultra U-series processor that provides up to 10% more performance for web browsing, video conferencing, productivity, and content creation than their predecessor. Starting at Rs 1,10,999, this laptop is priced.

Cost and Features of the Dell Latitude 7350 Detachable

According to some, the most adaptable commercial detachable laptop in the world is the Latitude 7350 Detachable. It has a 3k resolution with ComfortView Plus to lessen harmful blue light, and it has a sleek and lightweight design. Starting at Rs 1,73,999 is its price.

Dell Precision 5490’s Features and Cost

A 14-inch InfinityEdge touch-enabled display with a 16:10 aspect ratio debuted with the Dell Precision 5490. Updates to the device that are enhanced by AI will increase productivity in business and industry applications. In India, it is priced at Rs 2,19,999 at launch.