Sub-prime Consumer Credit Information
Teletrack is the nation's leading source for sub-prime consumer credit information. Since 1989, Teletrack has provided businesses with the consumer credit information necessary to make timely and accurate risk mitigation decisions. Teletrack delivers unique data and intelligent decisioning solutions to the Financial Services Industry directly from your PowerCheck software!
Teletrack has developed a highly flexible, parameter-based system to support any states' database requirements and provides the tools for monitoring database users. The Teletrack solution allows for a variety of reports that detail key payday advance industry statistics and trends within your state. Reports list information such as how many loans were made in a defined time period, average loan amounts, how long it takes a lender to update information, and a variety of other parameters based on your state legislation.
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Whether you operate one, or multiple payday advance businesses, making wise decisions is the key to maintaining profitability. Because making sound decisions requires more information than you can gather from an application alone, Teletrack has developed tools specifically for the payday advance industry. Teletrack's unique tools and their extensive database containing millions of records provide you with real-time information that application data simply cannot deliver.
Teletrack's services offer you the ability to cost-effectively view an applicant's past behavior, and based on that, predict how he will behave in the future. Predictive analytics using consumer data is highly effective for the payday advance industry. Find out critical details about the applicant's past that may include: a history of charging-off on sub-prime finance, rental or service agreements, a current record showing multiple outstanding advances or loans, or fraudulent use of a Social Security number.
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