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Transition
Archived CEO Strategies Tactics

Product Goal: Generate New Auto Loans 

SEGMENTS:
Credit Driven
Middle Market

PROFITABILITY RANK:
C, D, E

STEPS:

  • Target Credit Driven and Middle Market "C", "D", or "E" HHs Who do not have a New Auto Loan Account Currently

  • Direct Mail Pre-Approved New Auto Loan Offer
    (Assumes HH Credit Data is Available)

  • Offer a .25% Loan Discount for Automatic Repayment from Checking

MARKETING TARGETS FOR NEW AUTO LOANS:

Product-to-Product

  • IRA (104)

  • Equity Line (123)

  • Platinum Card (133)

  • Mortgage (149)

Credit Driven Segment

  • IRA (160)

  • Equity Line (196)

  • Platinum Card (186)

  • Mortgage (192)

Upscale Segment

  • IRA (135)

  • Equity Line (118)

  • Platinum Card (153)

  • Mortgage (182)

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Raddon Financial Group is a business unit of Open Solutions Inc.