32: Financing That Closes Deals: How Home Improvement Pros Can Win More Sales with Smart Consumer Lending

32: Financing That Closes Deals: How Home Improvement Pros Can Win More Sales with Smart Consumer Lending

From The Contractor Compass: Guiding You to Growth & Profit in Your Home Service Business by The Contractor Compass: Guiding You to Growth & Profit in Your Home Service Business

March 11, 2025 · 46 min · Episode 32

About this episode

This episode discusses how home improvement professionals can increase sales through flexible financing options and insights from a consumer finance expert.

Financing is the key to closing more home improvement sales! In this episode, We sit down with Michelle, Business Development Manager for a leading consumer finance lender, to discuss the power of flexible payment options, 2nd look financing, and no-interest promos. Learn how contractors can boost sales by offering financing for all credit scores and preparing for lender fees. Plus, we dive into the impact of DTI, FICO scores, and the Prime Rate on consumer lending. Don’t miss this expert insight on the future of home improvement financing!

People in this episode

Guest: Michelle

Topics covered

  • financing
  • home improvement
  • sales strategies
  • consumer lending
  • payment options

Keywords

  • financing
  • home improvement
  • sales
  • consumer lending
  • payment options
  • FICO scores
  • DTI
  • Prime Rate

Mentioned in this episode

Organizations: leading consumer finance lender

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