Canon Financial Services is now offering a free 90 or 60-day deferral period for new business accounts that are issued by June 1, 2020 through September 30, 2020. The company is also extending the same deferral period to existing account holders. In addition, account holders who are no longer working with Canon can still take advantage of the new credit card and other finance options available to them.
According to Canon’s CFO, Bill Hahn, this is one of the first financial services companies to offer these services to clients who have not had the ability to open credit accounts in the past. He says that the goal is to increase credit card and other finance options to the people that may not be able to get them otherwise. “We’re providing these people with a means to access those products, especially for people with very limited income,” he says.
Canon also plans to make it easier for people who have bad credit to obtain credit cards, such as those with bankruptcies, foreclosures, and arrears. “People will have the ability to take advantage of a higher interest rate and other financing benefits if they demonstrate to our clients that their financial problems will not impact their ability to pay off their credit cards,” says Hahn. Canon’s financial services team will help clients evaluate their needs and make suggestions. Canon’s customer service team will also be available to answer questions and answer any concerns that a client may have.
According to Hahn, clients who are unable to obtain credit cards will benefit from this new credit card program. With credit cards, clients will not only be able to access credit and financial services from Canon Financial Services, they will be able to use it with other Canon services, such as online banking and email and online customer support.
Another benefit for account holders is that they will have the ability to establish new accounts for their children. With this new program, parents will be able to establish separate accounts for their young children. This will give them control over their money and allow them to make their own financial decisions.
Although Canon is not the first financial services company to offer these credit card offers, it does represent one of the few that is willing to work with clients who may not be eligible for traditional bank accounts. With the new program, Canon’s customers will be able to apply for a new credit card with the same security features available to all new account holders. Canon clients.
Canon’s credit card programs are being offered to help increase business. According to Hahn, the company is “creating a new line of credit” for its client base. “This gives them an avenue to grow their business while increasing the amount of credit and cash flow available to their clients.
“With this new line of credit, they will be able to grow their business with more freedom and make better business decisions for themselves and their families.” According to Canon’s CFO, Hahn, “If a business can’t grow with you, they won’t grow.” He says Canon’s credit cards are an example of a business owner using their personal money and capital to grow their business instead of depending on banks.
Hahn says that Canon’s credit cards are an effective way to provide clients with access to financial services, as well as a means to secure loans. “If a business is paying off the accounts of another company, it is easier to get financing through an account provider that has an established relationship with their client.
“We provide the most competitive loan rates in North America,” says Canon’s CFO. “If your clients are getting better rates than our competitors, we are doing our job right.”
The next time a Canon financial services client is faced with credit card debt, he or she should ask the company’s credit counselor about credit card programs for businesses and how they can benefit. by applying for new accounts.