: Even if Connexus owns the loan, Aqua Finance usually remains the servicer . This means you continue to make payments to Aqua Finance and deal with their customer service for day-to-day management.
: A third-party consumer finance company that specializes in point-of-sale loans for home improvements (water treatment, HVAC), marine, and recreational vehicles. Aqua Finance Inc Fbo Connexus Credit Union
: A customer typically signs up for financing through a dealer (e.g., for a water softener or HVAC system) that uses Aqua Finance as their lending platform. : Even if Connexus owns the loan, Aqua
: This legal term signifies that Aqua Finance is holding or managing the loan on behalf of Connexus. As a borrower, you typically become a member of Connexus automatically when they purchase your loan. How the Arrangement Works : A customer typically signs up for financing
: A member-owned financial institution that often purchases these loans from Aqua Finance to expand its lending portfolio.
Borrowers should be aware of a major settlement involving Aqua Finance: Aqua Finance: Flexible Financing Solutions for You
: Since Connexus is a credit union, the loan purchase often triggers a one-time membership fee (typically $5.00) to enroll you in the Connexus Association . Significant Regulatory Action