Joining Fund My Contract provides your business with hassle-free coach financing options while your clients enjoy simple approvals and a variety of flexible payment plans, and our approval criteria are as low as 600 FICO, ensuring clients with varying credit histories can participate in your coaching or consulting programs.
Faster approvals with affordable payments increase enrollment rates, making it easier for your clients to commit to your courses or coaching programs.
With our financing solutions, you are no longer responsible for chasing late payments or acting as a collections agent, because Fund My Contract lenders pay you upfront and collect payments from your clients monthly, eliminating cash flow concerns.
The Fund My Contract system removes the risk of non-paying clients, allowing you to focus fully on coaching, and while some coaches attempt to manage client payments themselves, dividing a course fee such as $10,000 into three payments of $3,333.33 each, our platform ensures funding and collection is handled accurately for every client.
But using our program, the required payment can be lowered to as little as $225 per month, which helps your coaching organization increase your closing rates and sell higher ticket programs to a broader range of prospective clients. Providing an affordable payment plan removes a major obstacle for potential clients.
Our services also help prevent the harmful effects of loan stacking, a common practice where clients use several credit cards to pay for coaching or training programs. Some clients might even open new cards to meet these obligations, unaware of the potential for long-term financial strain.
Unfortunately, this often leads to significant credit card debt, with high interest rates compounding over time, leaving clients in a situation where repayment is nearly impossible, which can negatively affect both their financial well-being and their ability to focus on your programs.
Fund My Contract’s payment plans are designed to be client-friendly, with low terms, no prepayment penalties, and fixed payments without hidden fees or surprises. By partnering with multiple lenders, your organization can increase enrollments, close higher ticket sales, and allow more clients to access your coaching or consulting programs.