In this article, we will be discussing the similarities between DFAS and 108 Solutions
- our values, vision, and customers satisfaction. But first, let us
give you a brief history of our company and DFAS: the major finance and
account service for the government and military employees.
About 108 Solutions
108 Solutions
specializes in Active-Duty Military, Federal and Government Employee
credit and financing. We offer nothing but quality service to our
customers and meet our customers needs in a convenient and affordable
way. We understand that times are hard in this economy, which is why we
work with our customers to get the products they want. Most of our
military personnel have little to no credit so we offer financing to
help stabilize them for a promising future.
108 Solutions Customers
108 Solutions serves its customers in a multitude of ways; competitive pricing, APR, and allotments. The most obvious of which is our competitive pricing.
We take pride in offering one of the lowest price markups in the
Military Finance industry. Our double markup is significantly cheaper
than the exorbitant charges of competitors: Freedom Furniture, USA
Discounters and the late Smart Buy. We have witnessed these companies
charge considerably more than our double markup; sometimes even charging
as much as three (3) to four (4) times the MSRP of select goods. Sadly,
the prices of these so called ‘leaders’ in the Military Finance
industry have reflected poorly on our industry as a whole. Consequently,
108 Solutions work tirelessly to overcome this negative publicity in an
effort to re-legitimize our entire industry.
With respect to our competitive pricing, our reasonable interest rate of 16.95% and convenient payment method (allotment) must also be of note. Our APR
easily beats some of the ‘College Credit Cards’ distributed by major
banks whose interest rates can reach 21-23%. For all of our Military
customers, 108 Solutions sets up a monthly payment plan in the form of
an allotment. An allotment
is a guaranteed monthly payment (split between a service members two
paychecks on the 1st and 15th of the month) that is automatically
transferred by the Government. This form of payment gives each of our
customers the assurance that they are paying their bills on time as well
as the convenience to pay their bills slow and steady. In effect, 108
Solutions offers a competitive, although alternative, option for
consumer financing to our customers. (You can access your allotment
information through your myPay, which essentially is a part of DFAS.)
108 Solutions’ Convenience
By
financing with 108 Solutions, our customers have the opportunity to
enjoy today while preparing for tomorrow. In essence, thanks to our zero money down
finance program, every customer can save the money that they have today
(maintaining their normal day-to-day expenditures) while making
incremental payments (in the form of an allotment) on their 108
Solutions purchase. This affords our customers the flexibility they need
with their budget as they juggle the pressures of this current economic
crisis.
Decisions
must be made, but occasionally, we need a little extra time to be
completely sure about what we have decided upon. For moments like these,
108 Solutions offers all of its customers a 14-day return policy
in the event that they no longer want their products. We understand
that it can take time to be 100% sure about a decision. For this very
reason, our 14-day return policy affords
our customers the time and space they need to deliberate over their
investment. As long as they have not opened or used the product we
accept all returns with No Hassle and No Charge. However, if the product has been opened or used, we do charge a 5% restocking fee to recoup the product’s loss in value.
The Defense Finance and Accounting Service (DFAS)
The Defense Finance and Accounting Service (DFAS)
is an agency of the United States Department of Defense (DoD) that
provides finance and accounting services for government and military
members. DFAS pays all DoD military and civilian personnel, retirees and
annuitants, as well as major DoD contractors and vendors. DFAS is a
working capital fund agency financed by reimbursement of operating costs
from its governmental customers (mostly military service departments).
DFAS is innovative and consistently improving the quality of their
services. DFAS has steadily reduced its operating costs and has returned
these savings to customers in the form of decreased costs.
DFAS Core Values:
- Integrity: Doing what is right
- Accountability
- Dependability and commitment
- Rewards linked to performance
- Service: Striving to be a trusted financial partner
- Collaboration within and across governmental organizations
- Commitment to financial stewardship
- Timely and accurate information
- World-class performance
- Innovation: Applying creativity to increase value to DoD
- State-of-the-art technology to become a trusted financial partner
- Advanced enterprise systems
- Business intelligence
Conclusion
DFAS
and 108 Solutions compare in these 3 main categories: cost efficiency,
customer satisfaction, and excellent service. It is our customers and their loyalty that
keep us in business and successful. Our job as a company is to keep our customers
happy and satisfied with our products and services.
Connect with DFAS
Website: http://www.dfas.mil/dfas.html
Connect with 108 Solutions
Website: www.shop108solutions.com
Youtube: www.youtube.com/108solutions Facebook: www.facebook.com/108solutions
Twitter: www.twitter.com/108solutions
Sources
Defense Finance and Accounting Service
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