Small and mid-size developers in the resort industry now have assistance in obtaining sufficient financing courtesy of Vacation Finance.  They have introduced an innovative vacation club and RV/campground receivable lending product.

The lending approach takes more into consideration than the company’s credit score, but instead looks at the trend in the entire credit file of that particular buyer.  Vacation Finance also wants to assist the developers even before the profits start rolling in.

The CEO of Vacation Finance says, “Credit scores are not the only way to judge a borrower’s credit-worthiness, before credit scores we actually read a credit report and look for trends.  Alternative credit methods are proven effective, and we plan to implement the old-school techniques.”

More opportunities for vacation ownership buyers are becoming available through this lending product.  The revaluation of seasoning requirements and risk-based pricing methods has both been revised to aid these buyers as well.  Lenders and buyers will all benefit as this approach lowers the borrowing costs for both.