New Alternative Payment Plan The Stimulus Package That Really Works

Online, August 10, 2011 (Newswire.com) - The VIP Payment Plan (vippaymentplan.com) is fast becoming the best option for thousands of businesses across the U.S. to enable consumers to purchase their goods and services when the purchase price is beyond their ability to pay in full at time of sale. The product of a 19 year old A+ rated (BBB) financial services company in Clearwater, Florida, it has introduced to the marketplace a whole new way to complete the sale that, for many businesses and their clientele, will be the preferred method of payment in these economic times and for the foreseeable future.

A growing number of Americans are being prevented from making certain essential purchases - i.e.: emergency medical or dental care - expensive auto repairs - major appliance replacement - due to the inability to use credit cards or qualify for short-term traditional financing they had always relied on in the past as a safety net.

The VIP Payment Plan is an innovative new program that is as much an advertising strategy as it is a vehicle for facilitating the purchase of consumer goods and services. This strategy allows businesses to attract significantly more traffic into their stores than had previously been possible through typical advertising methods. And more traffic means more sales and increased profits for merchants that offer the VIP Payment Plan.

This innovative payment option is used in much the same way that a grocer might use a 99 cent gallon of milk to lure customers into his store. Business growth is achieved by simply deploying old-fashioned banner advertising that invites the consumer in to apply for this new alternative payment plan.

The VIP Payment Plan appeals to that ever increasing new category of consumers once known as the middle class, but who now carry a new label: "Credit Score Poor." This group of Americans currently number in excess of 70 million. They have been able to keep their jobs in this depressed economy but have suffered a drop in the credit ranking used by credit card companies and other lending institutions that now hangs around their necks like a scarlet letter - the dreaded FICO™ credit score.

This program is not for those high-risk consumers with a less than desirable credit history who don't make their payments on time. They won't qualify for the program. The VIP Payment Plan was designed for those consumers that are principled and strive to maintain a good credit record by taking responsibility for their financial obligations.

But a drop in credit scores has locked many of these consumers out of the marketplace for many mid-priced goods and services - those between $300 and $2,000. This is due in many cases to policy changes by the lending institutions, and other circumstances beyond their control. They can still make the payments, they just can't qualify for credit cards or loans like they used to.

Merchants and Service Providers can now utilize the VIP Payment Plan to provide these consumers with the goods and services they want or need by extending zero-interest payment terms for 90 days with no credit check. You read that right, there is no interest charged and no credit bureau inquiry. This is not a loan.

This has nothing to do with checks - post-dated or otherwise, and there is no special equipment to buy or lease. The merchant simply logs on to the Internet and completes the 2 minute application on the VIP system's secure online portal. The sale is approved or declined almost instantly. Once approved, the program generates a pre-agreement form whereby the customer pledges payments via electronic debits from their bank account. The VIP Payment Program then guarantees the payments to the merchant, who just turned a "no sale" into a satisfied customer. This is true a win-win for everyone.

Without a credit check, nearly every application is approved because the VIP system employs a proprietary algorithm that measures personalized risk factors rather than an impersonal computer-assigned credit score. Consumers are seen as more than just a credit score by the VIP Network merchant. They are seen as human beings who have every right to purchase the goods and services they want or need like anyone else.

When the business advertises this option like that 99 cent gallon of milk, they report traffic increases immediately. In fact, most merchants who utilize this strategy see a measurable surge in traffic almost overnight and significant upturns in sales and profit margins in the first 30 days. These merchants have achieved these results while reducing their credit decline rates, at essentially no net cost to their business, other than a small one-time participation fee.

The nominal cost of achieving and maintaining these astounding results is offset by a small convenience fee added to each payment, which the customer is happy to pay, instead of paying high-interest loan or credit card rates, or being subjected to an intrusive credit check.

This is the stimulus package that is producing real results for American businesses nationwide.
Besides all that it has been able to accomplish for business owners, The VIP Payment Program has also created a lucrative income opportunity for its many independent enrollment agents with this cutting-edge service.

Because of this extraordinary service, the VIP Payment Plan is now experiencing exponential growth and receiving unparalleled interest from entrepreneurs and business opportunity seekers who believe they have found "the" perfect product that will enable them to earn a respectable income, while offering merchants and service providers an honest, common sense option they can feel good about presenting to their customers.

The VIP Payment Program mantra: "It's time to take our economy away from the bankers and government bureaucrats and put it back in the hands of the business owners and their customers where it belongs."