Enable consumers to unlock or unfreeze Equifax credit report during loan application journey

Allow Access is a lender solution that enables the consumer to grant access to their locked or frozen Equifax credit report during the online credit application process. Allow Access is a web component the lender integrates on their website that launches an Equifax digital property. The consumer utilizes the Allow Access workflow to grant temporary access to their Equifax credit report. Once access is granted, the consumer is returned to the lender website to complete the loan or credit application. The lender is notified that the Equifax credit report is available and can complete the origination process.
Benefits
People_Coverage
Improves customer experience

Automates current offline processes required to access locked or frozen Equifax credit reports during loan or credit applications.

Dispute
Reduces application abandonment

Enable your consumers to grant lender access to their Equifax credit report in real-time, without leaving the application process.  The seamless user journey will reduce application abandonment.

CreditSummary
Provides file status visibility

Gain visibility into the locked or frozen status of consumer credit files upon completion of the Allow Access workflow.

Key Features
    • circled-check

      Integrates with the lender-consumer application process via a web component.

    • circled-check

      Enables the consumer to grant access to their locked or frozen Equifax credit file without leaving the loan or credit application process.

    • circled-check

      Provides the lender with a notification that the consumer’s Equifax credit report is now accessible, enabling the lender to pull the Equifax credit report and complete the application process.


Use Cases
Allow Access is for businesses that need to:
  • Gain access to a consumer’s frozen or locked Equifax credit report during the lending process.
  • Obtain alerts of applicant’s file status upon completion of the Allow Access workflow.
  • Easily re-engage applicants who exited the credit origination process.

Allow Access is for:
  • Banking and Lending: New account openings / consumer onboarding, credit applications
  • Cable & Pay TV: Applications for new service
  • Retailers: e-Commerce, online shopping
  • Mortgage & HELOC: Line of credit applications
  • Auto: Auto loan applications
  • Telecom:  Applications for new service
  • Rental companies:  New applications

 


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