Business
Everyday People Financial Announces Letter of Intent with General Credit Services
Potential to expand Everyday People's business process outsourcing services with a Canadian ...
About this update from Everyday People Financial Inc
[{"type":"text","content":"Everyday People Financial Announces Letter of Intent with General Credit ServicesPotential to expand Everyday People's business process outsourcing services with a Canadian accounts receivable management company with established global reachPotential to increase brand recognition to clients and consumers that would benefit from Everyday People's credit products and financial literacy programsEdmonton, Alberta--(Newsfile Corp. - September 19, 2022) - Everyday People Financial Corp. (TSXV: EPF) (\"Everyday People\" or the \"Company\"), a Canadian-based financial technology and consumer services company, today announced that it has entered into a letter of intent (\"LOI\") with General Credit Services Inc. (\"General Credit\"), one of Canada's premier providers of accounts receivable management services, which outlines the general terms and conditions of the proposed acquisition (the \"Proposed Transaction\") by Everyday People of 100% of the issued and outstanding shares in the capital of General Credit (the \"General Credit Shares\").General Credit, whose oldest legacy company has been in continuous operation since 1967, maintains established relationships with companies from SMEs to blue chip enterprise clients, and all levels of Government, that require a people-centric approach to managing challenging consumer credit situations. The proposed addition of General Credit, and their developing digital eco-system for client and consumer experience, would enhance and support Everyday People's vertically integrated and community-minded approach to consumer financial services.\"General Credit's expertise and high standards of performance would bring a best-in-class service to Everyday People serving revenue cycle management needs of enterprise clients,\" said Barret Reykdal, CEO of Everyday People. \"In addition, consumers served by General Credit represent many of the everyday people that we help with our credit rebuilding and education programs combined with our specialty consumer products and services.\" General Credit's diverse clients are from multiple verticals, including financial & banking, credit unions, telecom & utilities, commercial/B2B, insurance, construction, property management, commercial leasing, auto finance, advertising & media, healthcare, transport & logistics, manufacturing, technology and legal ...