How to Use the At Need Funeral Financing - Funeral directors should know that this program is not a credit challenged finance program. With a low unsecured financing interest rate to the debtor of 14.99%, this program can only approve family members who are credit worthy. However, the debtor doesn't have to have perfect credit. Our underwriting criteria is not as strict as most prime lenders. We will approve prime to near prime borrowers (Mid 600 credit scores and above).
This program can be very helpful to a funeral home and the families they serve. The At Need Financing program can be used to finance a portion, or all of the cost of a funeral. Here are some examples of how the program can be used to increase the level of service.
- Family can use the funeral financing program to pay for the funeral they really wanted for their loved one.
- Let's say a family has $5,000. But the funeral they really want costs $8,000. They can put the $5,000 down and finance the remaining $3,000.
- A family member has the money, but can't get it together before they need the funeral.
- No problem. Every approval is offered 90 days same as cash. During that period they need to make the minimum monthly payment. If the balance is paid off within 90 days, there is no interest charged to the debtor.
- A family has the money but would prefer to spread the payments over 2 or 3 years at the 14.99% APR.
The application process is simple and fast. Regardless of the reason a family chooses to use the funeral financing option, the application process is simple and decisions are usually provide online instantly. Paperwork is auto-populated and can be printed for the family member to sign. Once our lender receives the signed paperwork, we can usually fund the funeral home the same business day!
About East Bridge - East Bridge Funding utilizes the alliances it has developed within the finance and debt buying industry to provide the best funeral financing solutions for your funeral home. Our programs have been developed specifically for your industry and are designed to generate the highest approval rates possible.
