iCreditWorks Announces the Addition of TrueZERO% Installment Loan to Its Broad Point-of-Sale Product Suite |
Offered through the iCreditWorks* platform, the TrueZERO% installment loan adds a 12-month program with true 0% APR to its broad range of lending products.
ISELIN, NJ, April 13, 2022 /PRNewswire/ — iCreditWorksone of the fastest growing FinTech platforms in The United States, today announced the addition of TrueZERO% to its broad point-of-sale suite of financing products. This installment loan product has an annual interest rate of 0%; The main loan balance is divided into 12 monthly installments. The TrueZERO% installment loan product is available to qualified applicants through the iCreditWorks native mobile app and in-office iCreditWorksPRO tablet.
“Today’s consumers demand simple, responsible and transparent credit products,” says Stephen E SweeneyChairman and Founder of iCreditWorks. “Many deferred interest products are misunderstood by consumers and we are committed to providing a better financing experience. TrueZERO% is a transparent 0% interest rate product that is setting the new standard in consumer lending.”
The TrueZERO% installment loan offers consumers a clear path to repayment and is unique in a market where deferred interest and revolver loan products are widespread. By selecting a TrueZERO% installment loan, a consumer’s principal loan amount is simply split into 12 equal monthly installments with no accrual.
“TrueZERO% represents the continued expansion of point-of-sale products offered through the iCreditWorks platform,” says Cristian Mandachescu, Chief Risk Officer. “We are committed to enabling consumers to say ‘YES’ to their treatment and offer access to a range of installment loan products to help everyone find an ideal, affordable financing option.”
The TrueZERO% installment loan product is offered by all healthcare providers participating in the iCreditWorks loan program. TrueZERO% represents the latest addition to the lending products offered by iCreditWorks, which also includes standard installment loans and up to ‘interest-free’ incentive loans $20,000. iCreditWorks believes in responsible lending and only provides access to affordable financing options that allow consumers to pay for the care they deserve.
*All loans issued by WebBank, a member of the FDIC.
iCreditWorks leverages innovative technology and mobility to deliver an omnichannel platform experience that provides access to a wide range of point-of-sale (POS) financing products and empowers consumers to take control of their financing. The first-of-its-kind native mobile iCreditWorks app offers a simple, seamless, and secure financing experience that redefines the customer journey.
To learn more about the company, please visit www.icreditworks.com.
SVP – Professional matters
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