By becoming a Fund My Contract member, your business gains access to streamlined coach financing solutions while your clients enjoy the benefits of quick approvals and multiple payment plan options, and our approval thresholds are as low as 600 FICO so credit scores do not prevent enrollment in your coaching programs.
Simpler approvals create higher approval rates and allow clients to pay in affordable installments, which makes it easier for them to commit to your training or consulting courses.
With our financing options, you are freed from the responsibilities of chasing overdue invoices or managing bounced payments, because Fund My Contract lenders provide upfront funding for your enrollments and manage monthly collections directly with your clients.
The Fund My Contract system ensures non-paying clients are no longer a concern, giving you full focus on your coaching work, and while some coaches divide payments themselves, such as $10,000 split into three payments of $3,333.33 each, our platform guarantees proper funding and reliable collections for every client enrollment.
With our program, that same payment can be lowered to just $225 per month, which gives your coaching business a higher closing rate and the ability to offer higher ticket programs to more prospective clients without creating financial barriers. Affordable monthly payments make enrollment easier for clients and more predictable for your revenue.
Our services also prevent your clients from experiencing the negative effects of loan stacking, a situation where individuals use multiple credit cards to finance the costs of coaching programs. Some clients may even open additional credit cards to cover the fees, unknowingly putting themselves at financial risk.
This behavior often results in high credit card balances accumulating over time, with one large interest rate after another making repayment difficult, and clients quickly find themselves buried in debt they cannot realistically repay, which can impact both their personal finances and their engagement in your coaching program.
Fund My Contract offers payment plans that are much easier on clients, featuring low monthly terms, no penalties for early repayment, and fixed payments with transparent terms. By providing financing through multiple ready-to-work-with lenders, your coaching organization can increase enrollment, close more sales, and expand access to your programs for more clients.