As the largest real-time reporting solution serving non-traditional credit markets in the UK, CoreLogic Teletrack UK Limited creates fast, reliable and cost effective access to proprietary, non-traditional consumer credit data in real-time. Teletrack UK also combines its unique data and score with market leading traditional credit reporting, fraud prevention and consumer authentication services.
High-risk, shorter credit performance data
AWARE, the CoreLogic Teletrack UK credit performance database, provides information on higher risk credit accounts to assist in the decision to offer services to consumers applying for credit or other financial products. This credit performance data includes active, delinquent, defaulted, settled, and closed account information. Receiving timely and accurate information is critical to determining risk and preventing over-indebtedness.
By accessing and updating information in real-time, you can:
- Alert others in your market to consumer activity
- Help prevent consumer over-indebtedness
- Improve the likelihood that services are paid according to the terms of the agreement
The Teletrack Credit Report provides you with When you request a Teletrack Credit Report, you receive:
- Report summary
- Demographic information
- Previous searches
- Credit performance data
Industry-specific credit scoring
The LendOptix credit risk model from CoreLogic Teletrack UK complements the AWARE credit report to provide a statistically sound and easy to utilise summary assessment of credit performance risk specific to payday lending. LendOptix enables non-traditional lenders to make risk-based customer acquisition decisions more efficiently in store or online, enabling early determination of credit risk based on similar products.
Whilst incrementally valuable in the overall decision process, scores from the broader credit market may not reflect the higher inherent risk associated with the rapid nature of payday lending, which is why utilising the LendOptix model prior to accessing data from traditional credit repositories is an efficient and cost-effective way of evaluating risk.
By leveraging its extensive loan performance data and market expertise, CoreLogic Teletrack UK allows consumer finance companies to model the profitability and performance of their lending portfolios by controlling the degree of acceptable lending risk at origination and any subsequent renewal or rollover of the loan.
Teletrack UK Limited, Registered Company Number: 6064729 Registered office: 6th Floor (South Tower) 26 Elmfield Road, Bromley, Kent BR1 1WA, United Kingdom
