We believe our Equifax Income
Verification is the strongest and most
transparent income verification process in
the market today. Equifax Income
Verification delivers benefits across your
customer journey including at application,
in customer management and for
collections, helping you to:
-Enhance customer experience
-Reduce cost
-Improve lending decisions
-Avoid fraud
Equifax Income Verification helps you to
lend more responsibly whilst removing the
need for manual verification and its
associated delays in the customer journey.
Equifax Income Verification gives you the
insight to present better offers to your
customers. Used in your affordability
assessment, our automated income
verification is transparent, robust and
accurate because:
-Our process aims to replicate the
thoroughness of manual verification
-We identify the relevant current account
and, through complex algorithms, the
turnover in the account relevant to income
-We provide insight into the sufficiency,
consistency and stability of the account
turnover relevant to the consumer's income
-We make sure you understand our low-level
calculations to demonstrate how it works
with your overall responsible lending
strategy
-You choose the parameters that work best
with your credit policies.
-Enhance customer experience
-Reduce cost
-Improve lending decisions
-Avoid fraud
Equifax Income Verification helps you to lend more responsibly whilst removing the need for manual verification and its associated delays in the customer journey. Equifax Income Verification gives you the insight to present better offers to your customers. Used in your affordability assessment, our automated income verification is transparent, robust and accurate because:
-Our process aims to replicate the thoroughness of manual verification
-We identify the relevant current account and, through complex algorithms, the turnover in the account relevant to income
-We provide insight into the sufficiency, consistency and stability of the account turnover relevant to the consumer's income
-We make sure you understand our low-level calculations to demonstrate how it works with your overall responsible lending strategy
-You choose the parameters that work best with your credit policies.