We offer the only true no credit check financing program for firearms dealers.
Increase sales - Eliminate layaway programs -Get your money within days instead.
We finance guns, supplies, training and more.
ARC90 is essentially a credit bureau for short term
lending. It's designed to facilitate consumer purchases up to a year
in length. It accomplishes this by examining recent account activity
associated with income and day to day living. We use over 30
parameters ranging from overall economic conditions to the
customer's own level of responsibility to create a best fit for a
customer without looking at the major credit agencies. We don't
collect a social security number and we don't do a hard or soft
This isn't designed to be used solely as a no credit check program, rent to own, or one of the many variations meant to gouge a consumer who may have less than an ideal big 3 credit rating. It's not for people who don't pay their bills either. The 3 major bureaus have 7 or more years worth of history which is fine for loans extending over long durations. In our opinion ARC90 is an accurate alternative for shorter periods.
ARC90 looks at the last few months of bank/employment activity and makes a fair assessment of the individual's financial position. We charge a very low plan fee (interest rate) that the customer pays.
The rate we charge is based on the duration of the payment plan. Three and six months is 9%. Nine months is 12% and 15% is for a year. These rates are not for 'best case' customers. Everyone that's approved gets these rates. In addition, if the customer pays off their balance within the first 90 days we waive the interest entirely.
I get my money right away and the customer get's their gun without waiting.
As long as the customer has no negatives on their bank statments in past 30/60 days..
Customers buy more because of financing amounts.
Credit Card companies have classified gunshops as a higher risk so they charge you a higher rate. We can cut your rates in half. We also have a new program that can totally eliminate any monthly fees. You pay Zero percent. Our gun shops love it, and it hasn't decreased their business at all.