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October 2, 2018

Increasing Your Income with APFCO

1 min read

Topic: Insurance Agency Growth Strategies Grow an Agency

associates premium finance co

How can you make money using Associates?

You are able to increase the amount you earn in two ways:
1) Increasing the APR
2) Charging for agency fees

How do I increase the APR?

In EZ Quote: Go to Screen 3 - Rate/Borrower Setup. The first box is the Special Financing APR. It should default to the “base rate” based on the amount financed. When you mark it up by .25%, it will show the arrangers fee in red. The new APR will appear on screen 4. If the APR is left as is, meaning not marked up, there is no commission. *Commissions are paid after the insured has made the first payment.