Teletrack is helping payday advance providers access data on consumers within their target market. These consumers do not typically have a lot of credit performance data within their traditional credit report. By accessing and reporting information to Teletrack, payday advance providers can view information about consumers that use payday advance and other non-traditional financial services. This information allows businesses to customise their services to manage risk whilst maximising lending opportunities.
In addition, Teletrack provides access to identity verfication and fraud detection tools and traditional credit reports to augment its proprietary database. Teletrack enables single point access to non-traditional credit data and third party external databases so you can streamline your application processing. Teletrack's proprietary data can also be used to report and locate gone aways, which can enhance collection efforts.
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