Why You NEED To Be Offering Financing To Your Customers If You Own A Business

HAS ANY CONSUMER EVER COMPLAINED TO YOU THAT THERE WERE TOO MANY PAYMENT OPTIONS FOR YOUR PRODCUT OR SERVICE?

The recent government shutdown taught us that more people than we could ever imagine are one missed paycheck away from serious financial downfalls. A lot of people certainly don’t have disposable cash and often, traditional payment options just won’t cut it when they look to secure a purchase.

Here’s what we know, according to a recent CareerBuilder survey, 78 percent of U.S. workers live paycheck to paycheck to make ends meet.

And, according to a GoBankingRates survey, 69 percent of Americans have less than $1,000 in savings. Even more alarming is the demographics of who is living paycheck to paycheck. The same survey shows that 23 percent of respondents with incomes of $150,000 or more had less than $1,000 in an emergency fund.

The major cause, debt is on the rise and consumer spending has not shown any signs of slowing down in recent years. Student loan debt, particularly among millennials , is at a record level highs. Couple that with rising credit card utilization and it could be brewing up the perfect storm for the next financial crisis to make its way…