Credit Approval

   RTS Does the Work

Once your customer plans on using leasing for their purchase, the credit approval process begins.  Feel free to contact your RTS representative directly and have them obtain all the necessary information for credit approval from your customer.  Generally, credit approval takes one to two days.  With difficult credits, approval may take longer.  If this happens, your RTS representative will give you an estimate the first day, then follow up with you as the structure of the lease is worked and approval is obtained.

The earlier the better

Let us know as soon as possible when your thinking about a lease.  The RTS operations will get started right a way.

What is a "structured" credit?

Structured credit enables RTS to offer lease programs to customers who might not otherwise qualify for a lease.  If they have weak financials, we’ll require additional time for a credit review and generally create a structure with the lease quote.

Structuring means the customer provides additional support for the lease in terms of either a down payment, or other financial assurances. Occasionally, there will be situations where RTS will be unable to obtain a credit approval, and thus be unable to offer financing to your customer.

 

 

 

 

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