Consumer Lending - Merchant Credit Reporting Services


NCS provides businesses with the credit reporting services they need to analyze a prospective consumer or business' likelihood and ability to pay.

Identify and mitigate credit and fraud risk with our innovative credit risk mitigation services. Whether you provide services/products to businesses or consumers, contact NCS to aid in designing a program for your specific business position.

Real-World Scenario
Your sales team is 98% complete in landing a great account. The new account is operating very well from all outward signs, but it resides in a market segment with moderate to significant volatility. Your upper management team has concerns about the account’s ability to pay your invoice at the end of the month. What solutions are there to mitigate this risk?


Credit Risk Mitigation Solutions:

Independent Verifications – Get direct manual verifications of prospective consumers' or businesses source of income, identity and employment data.

  • TRV Services – determine the exact income and asset value of the business or consumer by obtaining a copy of their IRS tax return.

Credit Reporting – Determine payment history, account balances, credit limits and debt load

Dun & Bradstreet Reports – Understand the finances of a prospective business customer

UCC Filings – Understand the assets your business prospect currently owns

Prescreening – Make an instant decision or delay for further underwriting based upon attributes from an applicant's credit report or multiple other/additional sources of data by using NCS' decisioning tree

Income Insight℠ – Receive an innovative and instant income estimation model. Income Insight℠ is a statistically sound and empirically derived estimate of a consumer's income.

  • Meets Credit Card Act's requirement to assess a borrower's "ability to pay"
  • Complies with FCRA and ECOA
  • Delivers an estimated income figure as opposed to an income range
  • Enables assessment of all income sources including wages, investments, alimony and rent
  • Built using bureau-exclusive predictors and verified income data

Debt-to-Income Insight℠ – Debt-to-income ratios are commonly used in mortgage lending, but now you can also leverage this powerful and instantaneous analytic from Experian for credit risk mitigation within your credit department. Debt-to-Income Insight was built using the empirically and statistically sound Income Insight℠ income estimation model and market-leading credit attributes.

  • Determine the consumer's capacity to acquire new debt
  • Select the type of debt (1st, 2nd mortgage, etc) used within the model

Social Search – An instant database social security number search provided by Experian, Social Search accesses and retrieves information on more than 215 million individual consumer files. Receive a robust background on the SSN holder including:

  • Names and addresses associated with the consumer's SSN
  • Full date of birth
  • Best known employment source of the number holder
  • All SSNs associated with the consumer
Benefits:
  • Extend credit to a greater number of users by understanding performing and non-performing consumer segments
  • Mitigate losses and capitalize on gaining trends
  • Make smart, informed decisions based upon empirical data as opposed to potentially biased or flawed assessments and avoid discrimination pitfalls
  • Tie credit investments to timely and consistently paying consumers

To make your customers' transactions easier and narrow your team';s focus on growing business, contact NCS today about our Merchant Credit Reporting Services.

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