Custom Solutions suite
Custom Instant Credit
Designed for clients who need instant decisioning at consumer point of contact, these solutions reduce the number of application processing steps and the wait time for credit approval. Instant credit solutions allow you to make loan decisions based on your specific lending criteria, which could include custom credit attributes, as well as standard and custom risk models. These solutions support consumer-initiated requests for credit products and can be integrated through single or multiple channels, including point of purchase, site registration (Internet), call centers, etc. Hard inquiries are posted on all consumer credit files that are evaluated. Declination letters are required for consumers not meeting your lending criteria.
Custom Instant Prescreen
Allows financial institutions (e.g., banks, savings and loans, finance companies, retailers and credit unions) to confidentially and instantly preapprove consumers for a wide range of credit products at the point of contact (POC). A "behind the scenes process," Custom Instant Prescreen allows you to evaluate and make preapproved credit decisions based on your specific lending criteria, which could include custom credit attributes, as well as standard and custom risk models. Promotional inquiries are posted only on consumers’ Credit Profile Reports that have passed your credit criteria.
Designed for clients who want to offer consumers insight as to the credit products for which they could potentially qualify without having them go through the formal credit application process. This process is similar to Instant Credit in that the consumer initiates the request and the prequalification decisions are based on your specific lending criteria, which could include custom credit attributes as well as standard and custom risk models. Soft inquiries are posted on all consumer credit files that are evaluated.
Custom Collections Report
Customizes credit report output based on your requirements for collection or debt-buying purposes. This modified-form credit report is highly condensed and specific to the collections industry, with particular attention to key tradelines (e.g., mortgage, bankcard) as defined by the client.
Custom Credit Report
Customizes credit report output based on your business and system requirements for ease of use. This modified credit report is reformatted to meet specific needs, such as resequencing the address information and/or summarizing tradeline information on output.
Custom credit models and attributes
Your custom model score and/or attributes can be coded and delivered on every Credit Profile Report from Experian. Delivering your custom-defined attributes and/or Experianís STAGGSM attributes, as well as your custom model score(s), allows you to make risk decisions within your application processing system that are specific to your lending policies. Implementation through Custom Solutions can significantly minimize your development efforts associated with implementing custom models and attributes.