Becoming a Fund My Contract member gives your business access to convenient coach financing while clients enjoy quick approvals and manageable payment plans, and our approval thresholds are as low as 600 FICO, making it possible for clients with a variety of credit histories to participate in your coaching or consulting programs.
Easier approvals combined with affordable payments lead to higher approval rates and allow more clients to enroll without financial hesitation.
Our financing solutions free you from collections duties, because Fund My Contract lenders fund enrollments upfront, pay your business immediately, and collect payments from clients each month, eliminating cash flow concerns.
The Fund My Contract platform removes the stress of non-paying clients and allows you to focus entirely on coaching, and while some coaches attempt to finance clients themselves by dividing a course fee such as $10,000 into three installments of $3,333.33 each, our system guarantees proper funding and consistent collections for every enrollment.
Our program allows that payment to be as low as $225 per month, which increases your coaching organization’s closing rate and enables the sale of higher ticket programs to more prospective clients. Lowering the monthly obligation makes enrollment much more appealing.
We also provide solutions to prevent loan stacking, a scenario in which clients rely on multiple credit cards to pay for coaching courses, sometimes even opening new cards to cover fees, which can quickly lead to financial difficulties.
Such actions frequently result in large balances with successive high interest rates, leaving clients burdened with debt that is extremely difficult to repay, creating financial stress and reducing their ability to fully engage in your programs.
Fund My Contract payment plans are easier on clients, featuring low monthly terms, no prepayment penalties, and fixed payments with no hidden surprises. By working with multiple lenders through our program, your business can expand enrollment, sell higher ticket programs, and give more clients access to your coaching services.