Versatile Credit adds Snap Finance loan program to platform. Furniture World News Desk on 5/28/2026 Mechanicsburg, Pa. - Versatile Credit has integrated Snap Finance's bank-sponsored loan program into its consumer credit platform, expanding financing options available to retailers across all 50 states. Versatile and Snap Finance have partnered for nearly 10 years to offer lease-to-own and retail installment contracts to merchants in sectors such as furniture, electronics, and jewelry. The new offering enables retailers to provide unsecured installment loans for customers who may not qualify for traditional credit, including in states where lease-to-own options are unavailable. The Snap Finance program includes unsecured loans up to $5,000 with terms up to 18 months. The program does not charge cancellation or late fees and features clear, upfront disclosures and multiple repayment options. Customers can manage their loan and payments through Snap's Loan Manager mobile app, with early payoff options to help reduce finance charges and credit bureau reporting. Versatile's platform is designed to help merchants manage multiple financing programs through a single application process, allowing customers to access prime, near-prime, and subprime options. The integration aims to streamline the application and approval process for both consumers and store staff. "We are very excited to integrate Snap Finance's bank-sponsored loan program into our platform, giving merchants another great option to connect their customers with the financing they need to complete their purchase," said Vicki Turjan, President of Versatile Credit. "Snap Finance excels at servicing a critical segment of the consumer base, which is an important component of a merchant's comprehensive credit strategy." Ted Saunders, CEO of Snap Finance, stated, "Versatile Credit has been a valued partner for the past 10 years, and we're excited to expand that relationship by bringing our bank-sponsored loan program to their platform. Versatile's technology simplifies the financing journey, helping consumers easily explore options and apply with confidence - and enabling merchants to convert more customers." The integration is intended to help retailers build more comprehensive credit strategies, offer broader financing options, and improve the overall customer experience both in-store and online. About Versatile Credit Versatile offers a comprehensive consumer financing platform that empowers businesses to develop a credit strategy aligned with how they operate - wherever and however they engage with customers. By integrating financing seamlessly into existing workflows, Versatile enables businesses to optimize their credit programs, expand customer access to financing, and enhance the consumer experience. Versatile has led the evolution of consumer credit optimization for 20 years, working alongside partners to identify challenges and opportunities, and developing innovative solutions that help businesses build smarter, more strategic credit programs that drive more applications, approvals, and sales. For more information, visit www.versatilecredit.com. About Snap Finance Snap Finance(R) is a technology-driven provider of flexible financing solutions designed to help consumers and businesses thrive. Since 2012, Snap has used advanced data science and proprietary risk modeling to view each consumer through a more holistic lens, helping more people get the things they need while empowering retailers to grow. Snap's expanding ecosystem of products and services, including lease-to-own, loan solutions, and the Seen(TM)-branded line of credit cards, promotes transparency, responsible credit use, and long-term financial confidence. For more information, visit snapfinance.com.

Snap Finance, a fintech platform providing consumer financing solutions, has won two Bronze Stevie Awards in the 24th Annual American Business Awards. The company received honours in the Company of the Year: Financial Services - Large and Achievement in Diversity & Inclusion categories. The Salt Lake City-based company serves over 7 million consumers and 50,000 retail partners nationwide. It uses AI-driven underwriting to expand credit access for consumers underserved by traditional credit scoring methods. "Financial inclusion is not a side mission at Snap," said CEO Ted Saunders. "It is the core of our business model." The American Business Awards drew thousands of nominations this year, with over 250 professionals participating in the judging process. Winners will be recognised at a ceremony in New York City in June.

Snap Finance has appointed Lisa Young as Executive Vice President and Chief Legal Officer and Todd Mayhew as Executive Vice President and Chief Human Resources Officer. Young brings over 30 years of experience advising high-growth companies. She joins from the Long-Term Stock Exchange, where she served as General Counsel and Secretary, and previously held General Counsel roles at LendingTree, Axiom Global and Enova International. Mayhew brings more than 25 years of human resources leadership experience, having held senior roles at Citigroup, MUFG and Credit One Bank. He holds a doctorate in organisational change and leadership from the University of Southern California. CEO Ted Saunders said the appointments reflect Snap's investment in experienced leadership as the fintech platform continues scaling its consumer financing solutions.