Finance Recreation

Subprime Buyers and Credit Responsibility

by Brenda | October 13, 2020

Subprime Buyers and Credit Responsibility

It is difficult to explain all of the consequences of poorly managed credit because they are immense. Bad credit may hinder individuals from receiving approval for loans for big purchases like a house, a car, or even financing business ventures. A subprime credit score can also affect a person’s ability to rent an apartment, get approved for a cell phone contract, or establish utilities in their name without a security deposit. This means that the faster someone affected by poorly managed credit can act to turn their credit around, the better.

Loan applications are much less likely to be approved for people who haven’t upheld their credit responsibility. However, people with bad credit still need loans for many types of large purchases, and many of these borrowers will pay as agreed despite past credit blemishes. This is why subprime credit loans exist. Subprime recreation loans are just one type of loan that can assist individuals in restoring their credit scores and proving their credit responsibility.

Credit Responsibility and Restoring Creditworthiness

Everyone begins on a clean slate with zero credit. With time, you make credit-related decisions that influence your creditworthiness, whether positively or negatively. Those who have fallen down the scale into subprime credit still have an opportunity to reverse the trend. Experiencing the consequences of bad credit firsthand helps people understand the importance of credit responsibility. Plus, subprime credit consumers who are working toward raising their credit scores are more likely to be more responsible with their credit in the future. After all, no one wants to continuously experience the negative side effects that are tied to subprime credit.

However, for people with bad credit to have a fighting chance at improving their credit scores, businesses need to be willing to work with them in order to ensure their loan applications are approved with the right lender.

Subprime Buyers Can Lead to Increased Sales

Today, many people in the subprime credit category are learning more about credit responsibility and personal finance. These individuals may have to search for a while to find companies who are willing to help them get financed. Once a subprime credit customer contracts with a business for a purchase, they may be more likely to return to that business in the future since they know they can get approved. They may also recommend the business to others they know with subprime credit. This leads to increased market share and better customer loyalty.

Subprime recreation loans help customers rebuild their credit. Dealerships who don’t offer subprime financing options to their customers are potentially missing out on an entire sales market. By partnering with second chance lenders like Medallion Bank, you can offer these customers credit without taking a significant risk. If you are interested in offering subprime consumer financing to your customers, learn more about signing up as a new dealer with us here.

Home Improvement

Hours of Operation Monday – Friday
8am – 6pm MT
Saturday
9am – 4pm MT

Holiday Closures

Please note: Holiday closures are not the same for the Recreation and Home Improvement Departments.

  • New Year’s Day
  • Labor Day
  • Memorial Day
  • Thanksgiving
  • Independence Day
  • Christmas
  • New Year’s Day
  • Memorial Day
  • Independence Day
  • Labor Day
  • Thanksgiving
  • Christmas
  • Day before Thanksgiving,
    Wednesday,
    November 26, 2025
    – Closing at 3:00 MT

    Day after Thanksgiving,
    Friday,
    November 28, 2025
    – Closing at 4:00 MT
  • Day before Christmas,
    Wednesday,
    December 24, 2025
    – Closing at 3:00 MT

    Day After Christmas,
    Friday,
    December 26, 2025
    – Closing at 4:00 MT

    Saturday after Christmas,
    December 27, 2025
    – Closed
  • New Year’s Eve
    Wednesday,
    December 31, 2025
    – Closing at 4:00 MT

    Day After New Years,
    Friday,
    January 2, 2026
    – Closing at 4:00 MT

    Saturday After New Years,
    January 3, 2026
    – Closed

Home Improvement Application Processing Open as Follows

Home Improvement loan application processing is open on the following holidays. All other departments are closed.

  • Martin Luther King Jr. Day
  • Columbus Day/Indigenous Peoples’ Day
  • Presidents’ Day
  • Veterans Day
  • Juneteenth
  • Martin Luther King Jr. Day
  • Presidents’ Day
  • Juneteenth
  • Columbus Day/Indigenous Peoples’ Day
  • Veterans Day

Recreation

Hours of Operation Monday – Friday
8am – 5pm MT
Closed Weekends

Holiday Closures

  • New Year’s Day
  • Labor Day
  • Martin Luther King Jr. Day
  • Columbus/Indigenous Peoples’ Day
  • Presidents' Day
  • Veterans Day
  • Memorial Day
  • Thanksgiving
  • Juneteenth
  • Christmas Day
  • Independence Day
  • New Year’s Day
  • Martin Luther King Jr. Day
  • Presidents' Day
  • Memorial Day
  • Juneteenth
  • Independence Day
  • Labor Day
  • Columbus/Indigenous Peoples’ Day
  • Veterans Day
  • Thanksgiving
  • Christmas Day
  • Day before Thanksgiving,
    Wednesday,
    November 26, 2025
    – Closing at 3:00 MT

    Day after Thanksgiving,
    Friday,
    November 28, 2025
    – Closing at 4:00 MT

    Day before Christmas,
    Wednesday,
    December 24, 2025
    – Closing at 3:00 MT
  • Day After Christmas,
    Friday,
    December 26, 2025
    – Closing at 4:00 MT

    New Year’s Eve
    Wednesday,
    December 31, 2025
    – Closing at 4:00 MT

    Day After New Years,
    Friday,
    January 2, 2026
    – Closing at 4:00 MT

Borrower Services

Hours of Operation Monday - Friday
8am-11pm MT
Saturday
9am-1pm MT

Holiday Closures

:
  • New Year's Day
  • Thanksgiving
  • Memorial Day
  • Christmas
  • Independence Day
  • New Year's Day
  • Memorial Day
  • Independence Day
  • Thanksgiving
  • Christmas

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