About SweetPay

David has developed extensive experience in technology, retail, and consumer finance. SweetPay is his latest venture in these areas, designed specifically to help small businesses compete more effectively with consumer finance offerings. Previously, David founded and is currently Chairman of LendPro LLC, the innovator and leader in consumer credit waterfall technology platforms. LendPro was conceived in 2011 from his retail showroom floor kiosk business, Showroom Technology. He has worked with and sold consumer lending solutions to thousands of retailers, from Top 100 home furnishings chains to small regional stores. David also has held leadership positions with several large, publicly-traded software companies.

Is Financing Art or Science?

By |2019-02-18T16:52:03-05:00September 20th, 2018|SweetPay|

You would think that since consumer financing is numbers-based – a loan amount, length of term, and interest rate equals a monthly payment – it would be considered science. In the words of coach and ESPN College GameDay analyst, Lee Corso, “not so fast!” Things are often described as being either art or science, mainly [...]

Pay Me Now or Pay Me Later

By |2019-02-18T16:47:20-05:00August 17th, 2018|SweetPay|

Most of us have used a phrase from the past that has stuck with us years later.  The phrase, “You can pay me now or pay me later” is one many of us remember and use. It’s from the FRAM oil filter commercials in the 70s and 80s. The implied meaning of the phrase in [...]

Credit Providers Anonymous

By |2019-02-18T16:43:34-05:00August 3rd, 2018|SweetPay|

I continue to be amazed by retailers who hide the fact that they have consumer financing programs, as if  it’s shameful. They should join Credit Providers Anonomous! If there were such an organization, and I may just start it up, you would find retail owners sitting together confessing about how they can’t admit they have [...]

Beware of the Credit Traps

By |2019-02-18T16:39:53-05:00July 10th, 2018|SweetPay|

The reports of snail mail’s death have been greatly exaggerated! Why? Just look at all those offers for credit or personal loans that show up. You can also turn on Sirius XM radio and get a steady dose of commercials touting online lending offers. While most are legitimate and can actually help, some are traps. [...]

The Risk of Rising Rates

By |2019-02-18T16:35:50-05:00June 22nd, 2018|SweetPay|

It was bound to happen. For many years, we’ve been benefitting (unless you’re a saver) from low interest rates the Federal Reserve has engineered to help prop up the economy following the Great Recession. Low interest rates meant low borrowing cost. But, what goes down, must go up (take that Sir Isaac!) If you applied [...]

The Consumer Credit Chess Match

By |2019-02-18T16:32:36-05:00June 7th, 2018|SweetPay|

In the good ‘ol days, we had a nice neat hierarchical order to the credit lending – a prime lender, near-prime lender, and subprime lender. Well, those days are gone! Consumer finance (and even patient finance) lending has morphed and the lines have blurred. Today, you see traditional prime lenders “digging deeper” or approving lower [...]

Credit Decisions for Dummies

By |2019-02-18T16:28:40-05:00May 19th, 2018|SweetPay|

Let me be clear - In no way are you a dummy! But, how credit decisions are made by a bank or lender can make you dumbfounded. While every person’s credit report has similar data categories – credit limits, account balance, monthly payments, credit inquiries, etc. – what a bank looks at when considering issuing [...]

The color of money and why you should care

By |2019-02-18T16:18:01-05:00May 9th, 2018|SweetPay|

The phrase, “Color of Money” is most commonly synonymous with the 1986 movie starring Paul Newman and Tom Cruise, but is considered to be a phrase used way back when to see what type of money someone actually had – that they were good for whatever the need was. Money comes in many forms. What [...]

Buckle-up. Consumer financing will change more rapidly in 2018.

By |2019-02-18T16:08:45-05:00April 24th, 2018|SweetPay|

Whether you’re a business offering financing options to consumers or you’re a consumer out looking for ways to pay over time for the things you want, you’ll be interested to know that financing programs are not static. The old adage “Nothing is certain but death and taxes” rings true when it comes to lending options [...]

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