Precheck Consumer File Status
Proactively identify consumers with locked/frozen credit files prior to the application process
Precheck™ allows lenders to check if a consumer has a lock or freeze prior to processing a prequalification, credit application or post-check for a prescreen. Identifying file status early gives you the opportunity to proactively assist and support your consumer in ways that help keep things moving forward while delivering a frustration-free experience.
Benefits
Early Insights
Gain early insights to a consumer’s locked or frozen file status
Improved Customer Experience
Proactively engage with locked and frozen consumers for a more positive experience
No Inquiry Posting
Access file lock or freeze status without posting an inquiry
Key Features
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Integrates into your current credit decision flow
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Instantly returns the access status of the consumers file
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Differentiates whether a file is locked or frozen
Use Cases
Precheck™ is for businesses that want:
- To assist a consumer shopping online to see what offers are available to them. Lender can precheck to see if they’re locked or frozen
- To assist a consumer applying for a credit card at the cash register or online by confirming if they’re locked or frozen
- Check for frozen or locked account when a consumer moves forward with the firm offer of credit from prescreen
Precheck™ is for:
- Financial Institutions
- Banks
- Lenders
- Credit Unions
- FinTech’s
- Mortgage
- Auto
- Auto dealers
- Insurers
- Government
- Utilities
- Communications
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