Red Apple Capital (RAC) - a Financial Technology Company (FINTECH)

Red Apple Capital, LLC started in 2014 as an indirect consumer finance company focused on both conventional and non-conventional borrowers. In 2015, Red Apple Capital introduced a technology platform to make consumer financial services more efficient for consumers, retailers and service businesses.  With the introduction of our technology platform and national and international lending relationships, we have evolved into a financial technology company since 2014.  Our products are found primarily in pet stores, home improvement contractors, dental practices, funeral homes, franchised retailers and service business models.

Red Apple Capital’s technology platform ties national consumer lenders and businesses selling products or services together with our state-of-the-art financial technology. 

If you are:

  • a merchant seeking consumer loans to increase your revenues
  •  a lender looking for quality businesses who have customers they can finance
  •  a lender looking for a technology platform that can connect merchants and consumers  with an easy to use, efficient one-step approval and closing process

Red Apple Capital can provide a solution for your needs.
Many consumers today lack the ability to purchase products or services priced from $500 to $15,000 because of limited cash savings or limited credit sources. Consumer finance lending products are quickly becoming a necessary source of financing for consumers to purchase the goods and services that are priced above consumer’s cash and available credit balances. Traditional banks have limited funding options for consumers today due to the additional regulations placed upon them after 2008.

The Truth About Financing Clients

“No good deed goes unpunished.” There is a reason old adages become so
well known. Case in point, helping someone out with a financial obligation to your business changes your status in ways you may not be fully aware of.

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Mattress Stores = Funeral Homes

Have you ever noticed how many mattress stores are in your city? In my city of 70,000 residents there are 16 mattress stores and that does not include the big box retailers. How often do people buy mattresses that allows for 16 stores in a small population? The growth of the mattress stores has been mainly tied to consumer financing not the need to replace your mattress.

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Why Can't My Bank Help Me?

When people need a loan, the first thought many have is, “Let’s call our bank to see what it can do for us.” People automatically believe that banks make money  from lending and therefore should be willing to help.

Seems logical.

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America's outstanding credit card debt is projected to total $900 billion by the end of the year, bringing the average indebted household's balance to $7,813—the highest amount since 2008, when the average was $8,428.

Published by CNBC – September 2015
The national average FICO score is now 695—the highest it's been for at least a decade, according to the latest analysis from Fair Isaac Corp., which created the score. A separate analysis by Experian put the average VantageScore, which was developed by Experian and the other national credit reporting companies Equifax and TransUnion, at 667, which is still considered good.

Published by CNBC – September 2015
A survey of 1,000 adults carried out earlier this year by personal finance site, which also found that 62% of Americans have no emergency savings for things such as a $1,000 emergency room visit or a $500 car repair. Faced with an emergency, they say they would raise the money by reducing spending elsewhere (26%), borrowing from family and/or friends (16%) or using credit cards (12%).
Approximately 62% of Americans have less than $1,000 in their savings accounts and 21% don’t even have a savings account, according to a new survey of more than 5,000 adults conducted this month by Google Consumer Survey for personal finance website