Tricon

Our program is founded on the belief of helping people.

STABILITY INDICATORS
A Tricon representative will assess an individual's 56 key stability factors such as work history, driving record and criminal background. We use the individual's credit report as a guide rather than a deciding risk factor. From this in-depth conversation, a relationship is formed based on trust and a commitment toward success. This relationship is why the program is so powerful and uplifting, leading individuals to make a "180" in their credit score and financial future.

Contact us about The 180 at info@tricon.tv or call: 972-996-7605.
Automobile dealers and individuals are welcome to contact us, too.

Credit unions hold these values at their core - people helping people. That is why we choose to serve credit union members. We hope that our program benefits your members, and, over time, strengthens the community bonds of your entire institution.

The 180
The 180 enables credit union members gain a sense of pride and self-confidence as they re-build their credit and improve their personal finances while paying back a low-interest-rate automobile loan.

At Tricon we know that the best time to minimize default and loan loss is at the time the loan is originated. That is why we begin the process with a personal and confidential face-to-face interview via our state-of-the-art, high-definition Privacy Booth.

The Touch Program
The Touch Program is a financial literacy self-help program that aids individuals who have purchased a vehicle through The 180. This is the final, but continuous step of The 180.

Participants in The 180 were approved for a chance to achieve financial stability. The Touch Program helps them achieve this goal by checking in with them every three months for two years. Relationship Managers offer congratulations, reminders and opportunities for the members to re-evaluate financial goals, adjust their spending budget, and receive further advice for improving their personal finances into the future.

Success is dependent upon the participants' own motivation to change their financial habits. The Touch Program is simply a readily-available resource to provide accountability and necessary guidance.

Stakeholder Benefits

Borrower benefits
- Low, manageable interest rate to obtain a reliable and safe car.
- Help for individuals interested in a commitment that will turn their credit around.
- Ongoing Touch Program engages borrower in pro-active financial conversations.
Credit union benefits
- Generates significant new loan yield even in a low-rate, competitive market.
- Reduces risk so credit union can provide lower-credit-tier members a modest-interest-rate loan of 11.99%
- TriCon performs in-depth, character-based interview
- Criteria involve: employment, background history, stability, and driving record.
- Qualification not simply determined by numbers on a credit report.
- Expands membership to include more people in the community that truly need help with their financial affairs.
- Enhances relationship with automobile dealerships
Automobile Dealership Benefits
- Sells more vehicles through a wider group of credit profiles
- Deepens relationships with lending credit unions