Performance Finance: What Are The Credit Requirements?

performance-finance
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About 90% of professionals living in the United States of America want a reliable institution where they can borrow money.

Performance finance establishments are reliable places to borrow, take loans, and do all financial transactions.

Hence, this article details actionable ways to access credits from performance finance ltd, the requirements, and the mode of payments.

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What is Performance Finance Ltd?

Performance Finance is an organization that provides finance such as leases and business/personal loans, and hires purchase facilities to professionals.

More so, such establishments provide highly competitive, flexible funding to actively support you and your business.

Performance Finance Payment Options

Choose a lender from Performance Finance ltd. that is best suited to your situation. You’ll have a better chance of getting approved the first time if you apply after careful reading and thought.

BMO, CIBC, TD, and Scotiabank are among U.S. major banks but the key lending organizations are IA Auto Finance ACC, Carfinco, Credit River, Axis Auto Finance, Source One, and others.

Hence, the following are the payment options:

  • Online Payment
  • Phone payment
  • Text Payment
  • Auto-Pay
  • Bill Payment
  • Payment By Mail
  • Wire Payment
  • MoneyGram

Online Payment

You can make a one-time payment or set up an automatic recurring payment with this flexible, free, and convenient service. So, customers can manage their monthly payments using this method.

Enroll or log in to Performance Finance account management and select the ‘Make a Payment’ menu to make an online payment.

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Phone Payment

Call the 24-hour self-service system and select option 2 to make a payment over the phone. Please be aware that phone payments incur a convenience fee.

ACH Payment: You’ll need your checking account number and your bank’s routing number to make an ACH payment using your checking account. However, payments via ACH are limited to a maximum of $25,000 per transaction.

Debit Card: You’ll need the full account number, expiration date, billing zip code, and the 3-digit CVV code on the back of the card to make a payment with a debit card in your name. Payments by debit card over the phone are limited to $1,500.

Text Payment

To get started, send a text message with the phrase “Make A Payment.” The system will then send you a link via text message. When you click on this secure link, your mobile device’s browser will open, and you’ll be prompted to enter your payment information once you’ve been authenticated. Please be aware that text payments incur a convenience fee.

Auto Payment

Performance Finance will set up recurring payments that will be automatically withdrawn from your bank account at no cost with Auto-Pay. Five ways Auto-Pay makes your life easier:

  • It reduces the ‘time to pay’ spent to pay your monthly payment
  • Lower the amount of money spent on check and postage
  • It reduces the chance of payment lost
  • Each month, your bank statement will show a simple record of payment.

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Bill Payment

To send a bill payment, go to the bank’s online banking website. Meanwhile, the major bill payment providers have an agreement with Performance Finance Ltd, so your bank can send your loan payment electronically.

Hence, have your Performance Finance account number and mailing address on hand to ensure that your payment is properly routed.

Payment by Mail

Mail any regular loan payments or final payoffs to the address provided.

Wire Payment

To make a wire payment, go to your local bank and request a wire transfer. Although Performance Finance does not charge a fee for incoming wire payments, the bank sending the wire payment may charge a fee.

MoneyGram

By bringing cash or a credit card to a local MoneyGram allowed payment center, you can make a same-day payment with MoneyGram. To use MoneyGram’s service, you must pay a fee.

Performance Finance Credit Requirement

The following are the performance finance credit requirement:

  • Current address
  • Phone number
  • Date of birth
  • Email address
  • Resident status
  • Rent or house payment amount
  • Number of years at your home
  • Work phone number
  • Employer name and city
  • Number of years employed
  • Monthly gross salary
  • Your nearest relative name, phone number, city, and state of residence
  • The person must be a professional, such as Opticians, Dentists, Aestheticians, Solicitors, Accountants, Vets, and Doctors.

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Minimum Credit Score for Performance Finance

Customers can choose from a variety of financing alternatives provided by Performance Finance. However, approval requires a credit score of around 700. Lenders and credit bureaus usually consider this as a sign of strong credit.

Performance Finance Visa Card

Customers can apply for the Performance Finance visa card, which is backed by the United States Bank. Although, in order to apply, you must give personal, housing, and income information.

Based on your credit report, the interest rate will range between 16 and 25 percent, with no annual charge. However, keep in mind that your approval limit will vary depending on your creditworthiness.

Loan Options of Performance Finance

Performance Finance offers loans through three lenders: Sheffield Financial, Synchrony Financial, and TD Auto Finance, besides the Visa Card.

Performance Finance Account Management

Free and convenient account management services keep you informed about your loan at all times. When you have a question, rather than calling or searching for previous mail correspondence, go online to get a detailed overview of your Performance Finance account.

Furthermore, view your loan history, check if your most recent payment was received, and much more account management gives you virtual first-hand access to everything about your loan.

Enroll in this timesaving service today to keep account management at your fingertips at all times.

More so, customers of Performance Finance have access to a free, simple-to-use, and secure service. You’ll have more control over your loan, and you’ll have access to detailed loan information 24 hours a day, 7 days a week.

It saves time by avoiding unnecessary phone calls or looking up an old email correspondence. From anywhere with internet access, you can see nearly everything about your loan, including:

1. Information on the current balance
2. Interest rate/amount paid in interest
3. Loan terms and payment amounts
4. Dates of payment due and maturity
5. Any outstanding balances in your transaction history
6. Check to see if your payment was accepted.
7. Set up customizable payment reminders and other alerts.
8. Account information can be downloaded into money management software.
9. Update your login credentials and profile.

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eStatements

eStatements are like paper statements, but they’re a lot more convenient. Loan statements are available 24 hours a day, 7 days a week, with just a few clicks.

However, it saves you from the trouble of looking for a previous statement and future storage headaches.

Besides being more convenient, eStatements are much more environmentally friendly than paper statements. eStatements are also more secure than paper statements because they don’t leave a paper trail of your personal information.

However, using the Account Management platform, you can easily enroll and manage your account. When new eStatements are available, you’ll get an email notification every month.

Therefore, customers of Performance Finance can take advantage of a free and secure service.

More so, no more waiting for statements to arrive in the mail; view statements whenever you need them. Avoid the hassles of paper storage and time spent looking for a specific statement.

Prevent fraud by removing a paper trail that will intercept your personal information.

In addition, paperless statements are better for the environment. Print or save to your computer or other storage devices with ease.

What are the Benefit of Performance Finance?

  • Personal Service: As your company grows, your dedicated account manager will assist and advise you.
  • Extremely low prices: Low and convenient price
  • There are no hidden fees: The fees payment is open
  • Fixed-rate: It encourages relaxation, as there is a fixed loan in performance finance.
  • Expertise: There are financial experts who specialize in your field that can help you maximize your tax benefit.
  • Quick and easy: Funds are available in 24 hours

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Conclusion

Customers of Performance Finance have access to a free, simple-to-use, and secure service. Such establishments provide highly competitive, flexible funding to actively support you and your business.

We hope you found this article useful. Kindly reach us through the comment section for feedback.

FAQs

What is performance finance?

Performance Finance is an organization that provides finance such as leases, and business/personal loans, and hires purchase facilities to professionals.

Can i pay my bill online?

Yes, you can make a free online payment using your bank or savings account details.

Are there late payment fees?

If your payment is not received within 10 days of the due date, you may be charged a late fee.

What is the difference between performance finance Auto pay and performance finance online payment?

AutoPay from Performance Finance is a simple way to ensure that your regular monthly payment is made on time each month.

Once you’ve signed up for Performance Finance Auto Pay, your monthly payment will be deducted from your bank account.

Performance Finance Online Payment is a convenient and quick way to make a one-time payment or set up a recurring payment plan that you control.

What are the performance finance payment options?

  • Online payment
  • Phone payment
  • Text payment
  • Autopay
  • Bill payment
  • Payment by mail
  • Wire payment
  • MoneyGram

What is simple loan calculator?

It helps to get a general idea of monthly payments to expect for a simple loan.

However, it is not an offer for credit, but for estimation.

References

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