MRAA schedules webinar next week on credit bureaus

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The Marine Retailers Association of the Americas said it is partnering with Priority One Financial Services to host a webinar for MRAA members next week on “What You Need to Know about Credit Bureaus.”

Hosted by Eric Craig, senior dealer account executive of Priority One, the webinar will be held on Nov. 3 at 2 p.m. EDT. The MRAA said the webinar will provide information to consider in the top three credit bureaus, what lenders review to determine loan approvals, tips on how to turn current declines into future approvals, and more.

“As the lending environment for boat buyers continues to improve, it’s critical for dealers to understand how they can help their financing customers,” Matt Gruhn, president of MRAA, said in a statement. “We’re thrilled to be able to bring Eric and Priority One’s expertise in this area to benefit our members."

“In today’s market, the [finance and insurance] department has such an important role in the dealership’s sales process,” Craig said. “To be truly spectacular at F&I, the first step is knowing how the lenders will evaluate your customer’s credit.”

The MRAA and Priority One have partnered on several projects during the last few years. As a Premier Partner member of MRAA, Priority One created the Bonus Bucks program, which pays MRAA members $5 for every loan fulfilled through Priority One.

Priority One’s team of experts wrote the PCI Compliance Guide, a 44-page book that helps dealers ensure they are in compliance with numerous finance-related federal regulations.

Priority One staff members have spoken at MRAA’s Marine Retail University and Marine Dealer Conference & Expo events several times during the last five years.

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