Listen "Offer Financing Solutions for Your High Ticket? The FTC Is Watching…"
Episode Synopsis
If you’re offering financing for your high-ticket programs, this is an important episode.
The FTC just took down a company for shady financing practices—and their case could have serious implications for anyone offering or partnering with financing options.
In this episode, Greg and I dive deep into a shocking case where a financing company used “credit stacking” to exploit clients—and why marketers need to take this as a wake-up call.
We break down:
The FTC’s stance on financing offers tied to coaching programs.
Why the “last dollar rule” could get you in serious trouble.
What “credit stacking” is and why it’s illegal when incentivized by marketers.
How shady financing practices can destroy your business AND reputation.
Best practices to ensure any financing you offer is fully compliant.
Financing can help your customers afford your program, but if it’s done wrong it can lead to substantial violations. Learn how to stay compliant and ethical!
The FTC just took down a company for shady financing practices—and their case could have serious implications for anyone offering or partnering with financing options.
In this episode, Greg and I dive deep into a shocking case where a financing company used “credit stacking” to exploit clients—and why marketers need to take this as a wake-up call.
We break down:
The FTC’s stance on financing offers tied to coaching programs.
Why the “last dollar rule” could get you in serious trouble.
What “credit stacking” is and why it’s illegal when incentivized by marketers.
How shady financing practices can destroy your business AND reputation.
Best practices to ensure any financing you offer is fully compliant.
Financing can help your customers afford your program, but if it’s done wrong it can lead to substantial violations. Learn how to stay compliant and ethical!
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