RTO Online recently conducted a poll on "Card
Close". Over 52% of those responding reported 'Higher than 10% past due
Saturday Close'.
Ask any owner which location has the best performance and, inevitably, they will
name the one with the best card close. It is a universally accepted measure of a
Store Manager's performance. Methods of calculation vary slightly from company
to company, but no other variable will more directly affect your profitability.
RTO Online interviewed 21 year industry veteran Jay Roberts on the importance of
card close and how it affects store performance. Following is that interview.
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.
