by Nancy Buddell | Jul 9, 2024 | Finance, Recreation
Are you letting customers who have challenging credit walk out the door without buying? Medallion Bank has spoken with thousands of recreation dealers over the years, and we have learned that at successful dealerships, often as much as 25% to 30% of financed retail...
by Nancy Buddell | Jun 12, 2024 | Finance, General Topics, Government Advocacy
Advocating on Capitol Hill Medallion Bank recently sent three of its employees to Washington DC to advocate on behalf of the banking and recreation industries. Medallion Bank feels strongly about making communities and businesses better. The Federal government plays a...
by Parker Gore | Apr 3, 2023 | Finance, General Topics
Our Deposits Don’t Run As a specialty finance bank, Medallion Bank is different from traditional banks in several ways. Many people are familiar with our specialized loan products that help individuals and families to achieve their dreams by purchasing RVs and...
by Parker Gore | Mar 14, 2023 | Finance, General Topics, Uncategorized
Medallion Bank believes in people and works to help low- and moderate-income individuals, families, and business owners. We focus our support in and around Salt Lake City, Utah, where we are based. The following are just a few examples of how we support our local...
by Brenda Greenwell | Jul 11, 2022 | Finance, Recreation
Understanding Your Customer’s Credit Scores WHAT IS BAD CREDIT? The recreation industry uses slightly different terminology, but if your customers have a FICO score between 600 and 650, they are considered to have poor credit. According to Credit.com, anything lower...
by Brenda Greenwell | Jun 13, 2022 | Finance, General Topics
How to Handle an Indecisive Customer and Increase Your Sales Anyone who has ever worked in sales can attest to the fact that indecisive customers can be frustrating to deal with. No matter what, winning them over will take lots of patience and a willingness to help...