Sheffield loan response

Discussion in 'Business Operations' started by Weekly Weeder, Apr 2, 2009.

  1. Weekly Weeder

    Weekly Weeder LawnSite Member
    Posts: 18

    How long before you get a response from Sheffield?
    I applied for a lone online 16 days ago and so far, nothing.
    I figure I have been declined but thought I would have
    received some kind of notification by now. :confused:
     
  2. Okiebug003

    Okiebug003 LawnSite Member
    Posts: 243

    Three years ago I got a loan from them, I did it at the dealer and I knew the next day.
     
  3. willretire@40

    willretire@40 LawnSite Bronze Member
    from VA
    Posts: 1,387

    proably declined. GE Money is easier to get (ex toro card, hustler card) Also remember that what ever card the dealer offers you can use it on any brand.
     
  4. KrayzKajun

    KrayzKajun LawnSite Fanatic
    Posts: 10,742

    did you try to call them??
     
  5. Weekly Weeder

    Weekly Weeder LawnSite Member
    Posts: 18

    No I haven't called them.
    I know I should,but I don't handle rejection well.
    I paid off my first loan with Sheffield 2 years ago without a hiccup and have since paid off a lone with GE Money a full year early. (I have a GE Money card). I guess I was asking for to much. (Ventrac)
     
  6. CALandscapes

    CALandscapes LawnSite Senior Member
    Posts: 946

    Finance companies aren't handing out money as easily as they were two years ago... I'd suggest that you call them and check the status of your application.

    Good luck!!
     
  7. LouisianaLawnboy

    LouisianaLawnboy LawnSite Silver Member
    Posts: 2,199

    Try YardCard.
     
  8. Jason Rose

    Jason Rose LawnSite Fanatic
    Posts: 5,858

    Sheffield usually will approve/deny within 30 minutes. This day and age all it takes is a few clicks of the mouse for the dealer to find out, or usually even faster, pick up the phone. Any credit reporting they would need can be done nearly instantly, they can do an inquiry and see what your score is to determine if you are a bad risk or not.

    If you heard nothing I'm guessing your request fell thru the cracks somewhere. ask again, get the dealer on the horn, they should tell you yay or nay while you are standing there.
     
  9. ChrisGA

    ChrisGA LawnSite Member
    Posts: 41

    When I bought my mower 3/26/09 I got a response in 20 minutes from Sheffield. I wanted to go thru yard card they had lower apr's but the dealer told me they are tight on who they loan money to and sometimes it takes days to hear anything.

    So I went with sheffield but dang near perfect credit like I have I still have a 17% Apr !! I was real shocked on this one. But I have a low 3.2% apr credit card im gonna put it on when I pay on it for a year or so. But hopefully I can get the mower payed off by 2 years .
     
  10. PROCUT1

    PROCUT1 LawnSite Platinum Member
    from TN
    Posts: 4,909

    I used them a few times in the past. Response was always a few minutes.
     

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