Tower Loan Joins Versatile Credit’s Lending Ecosystem

Furniture World News Desk on 9/6/2024

Versatile Credit (“Versatile”), a consumer financing solutions provider with over thirty years of industry experience, announces the integration of Tower Loan into their lending network. This strategic enhancement introduces specialized lending products from Tower Loan, broadening financing options available to retailers and merchants.

Versatile Credit’s embedded lending platform allows merchants of all sizes to build a customized financing program tailored to meet the diverse needs of their business and customer base. Merchants benefit from an unrivaled selection of the nation’s top lenders, enabling them to cater to a wide range of consumer credit profiles through a single application process managed via Versatile’s unified portal.

Founded in 1936 and headquartered in Flowood, Mississippi, Tower Loan specializes in flexible installment loans, offering financial products that cater to customers including those with less-than-perfect credit. Tower Loan is known for its flexible repayment options and for reporting repayments to major credit bureaus, helping customers build their credit profiles.

Tower Loan is a regional lender operating in verticals including retail, home improvement, and elective medical in states across the Southeast, including Alabama, Illinois, Louisiana, Mississippi, Missouri, and Texas.

“The Versatile Credit team is proud to add Tower Loan to our growing network of lenders and providers,” said Ed O'Donnell, CEO of Versatile Credit, “This deployment underscores our continued commitment to offering the best financing options and tools available to help merchants connect their shoppers with flexible financing options. This collaboration is a testament to our dedication to building a robust lending network that equips merchants with the flexibility and adaptability needed to respond to market demands and evolving consumer needs.”

“We are excited to launch on the Versatile Credit platform and we are eager to begin helping merchants provide great offers in a seamless experience for customers and staff,” said Michael Scarborough, Director of Marketing at Tower Loan. “Technology like Versatile’s is critical in providing a streamlined, customer-friendly experience that helps connect shoppers to financing options that fit their situation while reducing complexity and unnecessary hits on their credit.”

"With Versatile Credit, we’ve been able to seamlessly integrate Tower Loan into our offerings, enhancing our ability to offer personalized financing options for more shoppers," said Shawn Roberts, Vice President of Consumer Finance at The Dufresne Spencer Group. "Versatile’s technology ensures we can be responsive and flexible, enabling us to introduce new lenders and financing options without significant changes to our existing technology or processes.”

For more information, visit versatilecredit.com.

About Versatile Credit
 Versatile Credit offers a comprehensive, omnichannel financing platform that empowers businesses to build a financing program with leading lending providers, innovative financing solutions, and engaging customer experiences. With over 30 years of experience in building strong partnerships and innovative credit strategies, Versatile Credit enhances merchant capabilities in offering consumer-friendly financing solutions — leading to more finance applications, approvals, and sales.