Anyone who submits a down payment with their completed financing application will be accepted for financing regardless of credit worthiness. Applications that fall short of UGA's "funding" requirements will make monthly payments to Universal Guardian Acceptance for the term of their financed contract. We refer to these as "contracts in billing". Standard commission rates will be paid on the monies collected from down payments once the right of rescission period and 5 day hold has passed. As payments are collected by UGA on a month to month basis Renatus IMAs will be paid their standard commission rates as a prorated share of each monthly payment collected from their customer. The great benefit of having a financing/billing program, collected through UGA, is realized each month in the form of residual income. The more customers with contracts you have in billing, the more money you will receive each month as your customers payments come in.
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