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
Integrates into your current credit decision flow
Instantly returns the access status of the consumers file
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