From the President

Dear Valued Merchant,

Considering nearly two-thirds of American consumers are now identified as having credit challenges, it is even more important for you to forge a partnership with us to keep lost sales from walking out the door. There are at least four great reasons why you should use utilize our program:

1. You will now make a sale off a previously rejected credit application

2. Although at a reduced commission, your sales staff will make more sales

3. You will have another satisfied customer which creates goodwill and brings you more referrals

4. You will move more product and possibly gain better pricing from the manufacturer

The GREAT thing about our program is you are in charge throughout the process. If the discount we require doesn't fall within your profit margin, you simply don't take our offer. And by the way, there is no sign up fee for our services.

Here's how our program works:

A credit analyst reviews your turned down credit application and prepares a document stating how much Carmel Financial will pay you for the sales contract. For example, if the amount financed is $10,000 and the credit analyst returns a "bid score" of 90%, Carmel Financial pays you $9,000. The ten percent reduction reflects the credit quality of the consumer and the likelihood customers with a similar credit history will default on their loan with us. You remain in control of the process and if the discount doesn't fall within your profit margin, you simply don't take our offer.

After all, some profit is better than no profit. We look forward to helping you grow your business.

Tracey Sheehan