Prequalification and instant credit decisioning are consent-based products that give potential customers the opportunity to see the types of credit products for which they may qualify. Consumers can review the features of all options and then determine the best product for them before beginning the application process, increasing approval rate, take rate and utilization.
Prequalify consumers for credit in real time at the point of contact. Consumers initiate the prequalification, and they’re provided with a variety of credit options, eliminating the requirement that the company must make a firm offer of credit. With prequalification, you can drive up return on investment by matching consumers with the right products at the right time.
Prospects who meet your specific demographic and credit risk tolerance are like money in your pocket. They translate into potential customers with the greatest propensity to buy. We can help you locate prospects by using robust geographic selections, as well as target predefined, industry-specific credit-based attributes.
Eliminating unqualified prospects and high-risk accounts from your list allows you to reduce the overall cost of direct-mail solicitations and reach the best prospects more efficiently. This highly accurate targeting process leads to better response rates and lower costs.
We update credit information regularly, enabling you to choose the best prospects for your business needs. You can feel confident that you’re making offers to consumers who currently meet your lending criteria.
Present relevant offers as part of your credit education solution using prequalification.