Selena Finance has announced an important product update. If you have any new applications you wish to discuss, please Contact us for more information.
ANNOUNCEMENTS
Exciting Updates to Status 1 Products
In case you missed it, we recently made some improvements to our Status 1 products, making it easier for you to secure financing for more of your clients.
Here’s a quick recap of the key changes:
- No minimum credit score: We’ve removed the minimum credit score requirement for both Status 0 and Status 1 products.
- Simplified account requirements: Now, only 2 active credit accounts are needed on file.
- Easier qualifying process:
- We’re disregarding unsecured credit history when consolidating loans.
- We’ll overlook 1 outstanding secured missed payment if it’s over 12 months old and the arrears are being consolidated.
- We’re ignoring bankruptcy & IVA if satisfied over 3 years ago; DRO, and DAS if satisfied; as well as Mail Order, Utilities, and Communications accounts.
For a deeper dive into how these updates can benefit you, get in touch with Stacey Woods ([email protected]) to arrange a brief training session. She’ll be happy to guide you through the details.
We’re excited to continue working together with you to create more opportunities for your clients with Selina.