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Strategy, Skill, Success

Quick History of the Mobile Industry

The technology and cost shift history…

  • In the not so distant past…Subsidized Phones: $1 phone + 2 year contract; Carriers cover the cost of the phone
  • Smartphone Emergence: Uncoupling begins; Expensive smartphones with hyper-competitive data plans
  • Plans Become a Commodity: Data plans bottom out; Contracts become uncoupled
  • Financing for a Few: Phone financing only available for above-average credit customers on tier 1 carriers
  • Present day…The Underserved Majority: The inability of average to below-average credit customers to finance a phone, accessories, or insurance

The Mobile Industry Problem

The disconnect between customer, carrier and lender…

  • Customer-Can’t afford to purchase a premium smartphone; unable to secure reasonable financing; intimidating, complex qualification process
  • Carrier-Want ability to sell smartphones to all credit profiles; lack expertise in addressing the credit score spectrum
  • Lender-Seeking new lending markets and customers; difficulty identifying and marketing to mobile customers

The Street Cred Capital Solution

Closing the customer, carrier and lender loop…

  • Customer-Instant approval to purchase up to $5,000 in phones, accessories, insurance, and voice/data plan
  • Carrier-No risk in selling phones, accessories and insurance to customers of all credit levels
  • Lender-Multiple accredited lenders engaging a new marketplace

Lender Presentation

Review our program overview to successfully engage the mobile industry.

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