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RTOFunding.com Establishes Operational, Lending Benchmarks for Rent-to-Own Industry
04-22-08
RTO Online - The rent to own industry's trade website
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RTOfunding.com Launches Enhanced Website
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RTOFunding.com Establishes Operational, Lending Benchmarks for Rent-to-Own Industry
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Vanguard Forms New Rent to Own Industry Funding Division

 

RTOFunding.com entered the rental-purchase market with the goal to become experts in this industry and to provide unique and useful financial opportunities for rental dealers of any size to grow their business.
Hugh Connelly, President, RTOFunding.com

See RTO Online's videocast interview with Hugh Connelly, president of RTOFunding.com.

RTOFunding.com, a new financial resource for the rental-purchase industry powered by Vanguard Leasing, today announced the company has signed an agreement to be the exclusive financial client of Right Choice Today, Inc., an RTO consulting venture led by industry veteran Tony Craig.

See RTO Online's videocast interview with Tony Craig, President, Right Choice Today.

Hugh Connelly, president of RTOFunding.com, says the partnership is a way to further immerse and educate their lending company in the operational language and key performance indicators of rental dealers.

"This relationship makes RTOFunding.com a more complete resource for rental store operators. Through our arrangement with Right Choice Today, Inc. we are polling the four main industry software providers to create a specific reporting protocol for dealers who want us to assess their financial strength and potentially provide them with funding. The creation of these proprietary business metrics will allow RTOFunding.com to provide feedback to dealers in an even faster timeframe than before."

Right Choice Today, Inc. President Tony Craig says he is impressed with the depth of RTOFunding.com's commitment to the Rent to Own industry.

See RTO Online's videocast interview with Tony Craig, President, Right Choice Today.

"The rental industry needs better, more consistent financial opportunities and RTOFunding.com has the resources and the willingness to thoroughly understand this business and to properly serve its clients."

RTOFunding.com President Hugh Connelly expressed that this partnership is just the first of many steps the company plans to take to demonstrate its dedication to the RTO industry.

"As I have said before, RTOFunding.com entered the rental-purchase market with the goal to become experts in this industry and to provide unique and useful financial opportunities for rental dealers of any size to grow their business. This partnership is just the first step toward achieving those goals and becoming a valued member of the rental-purchase community."

About RTOFunding.com
RTOFunding.com is a division of Vanguard Leasing, a national finance company located outside Philadelphia, PA that operates in all 50 states and is backed by a multi-billion dollar financial services corporation. Through its various financial offerings, the company offers rental operators the ability to acquire inventory then roll the financing into an amortizing term loan that locks in a positive monthly cash flow. By matching the cash flow of the rental merchandise to the amortization of debt, RTOFunding.com has provided a new vehicle to ensure financial health and stability for independent rental dealers. Additional information can be found on the Company's website at www.VanguardLeasing.com or www.RTOfunding.com.

About Tony Craig and Right Choice Today, Inc.
Tony Craig has more than two decades of experience within the rental-purchase industry with companies such as Premier Companies, RentWay, Rental King and Rent-A-Center. Additionally, Craig has lent his expertise to the Ohio Rental Dealers Association, the Texas Association of Rental Agencies, the Florida Rental Dealers Association, and the Association of Progressive Rental Organizations. Recently, Craig produced an industry report that was presented to the U.S. Congress documenting the high level of rental customer satisfaction. Craig also owns Measuring Up, a customer satisfaction survey company. Additional information can be found at www.measuringup123.com and www.rightchoicetoday.com.

 

RTO Online is the official channel for Rent-to-Own Industry News and the only independent source of news for the rent-to-own, rental-purchase, lease-purchase trade. RTO Online (Rent to Own Online) represents the choice of the entire RTO Industry for trusted information, as it happens.

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