This is a new service offering that gives the Client impetus to be flexible in terms of offering their products in order to increase sales and market share. Under this offering, our Clients consciously take more calculated risk with a piece of mind given that FAST-DEBT underwrites the debt thereby providing assurance to the Client that the debt will be collected and settled in full within the agreed period.
How it works
The Debtor pays a minimum of 50% of the product upfront plus other administrative fees and takes position of the product immediately. The other 50% is paid in equal of installments within 3 months to 12 months depending on what has been agreed with the Client. By underwriting, FAST-DEBT guarantees that the balance will be collected and settled in full within the agreed period. This service offers businesses flexibility and drives product sales by over 60%.
This is suitable for, but not limited to the following;
- Motor Vehicles finance / Sales
- Furniture Sales
- Any other product or service