ARC 90 is a payment plan that gives you the product today and up to twelve months to pay for it.
ARC 90 is often less expensive than a credit card or personal loan. The term can range from three to twelve months.
This is not rent to own or a lease. It's a purchasing option designed to fit your budget.
Your credit rating is not part of the decision process. Your recent financial history is. Your income level does matter but even a
full time minimum wage earner can qualify.
To get started, register. Registration is how we determine the plan limit.
We examine income, spending habits, and prior banking history to calculate a manageable amount. Part of the process requires having your bank
provide us a current bank statement via our account verification process. If you have direct deposit no other action is needed. If you don't
you may have to upload a copy of your most recent pay stub.
To use it at a participating merchant's location your driver license acts as your account ID.
The store creates the payment plan while you're there. Payments are collected via ACH debit.
There are no surprises. You receive the schedule upfront and e-mail notices prior to each payment.
You can track your billing and balance any time. If paid off early you'll save even more.
The requirements are earnings equal to full time minimum wage or better. There can be no recent NSF activity on your
bank statement. You need a standard checking account. Savings accounts or debit card only accounts won't be accepted.
An unexpired state issued ID or driver license is also required.
The cost? Global Check charges $35.00 when you make a purchase at a retail store, not before.
The store may charge a plan fee of about 15% * which is disclosed at the time of sale.
Why would you use a credit card with 30% interest or a lease with an effective rate of 80% or more?
15% based on annual term. If 9 months rate will be 12% and 6 or 3 months will be 9%. The shorter periods with lower rates will result in a higher annual rate.
Paying off early results in future interest not being charged.