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Credit
Software Checkup
Important
points to consider if you are buying credit software. Print
this page.
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Call
(626) 963-8313 |
Software
"A" |
Software
"B" |
| *Can
it handle system-to-system credit report retrieval.
Many of the new
report types require this. Ask about it. |
* |
* |
| Does
it just use TTY
Protocol. (The old teletype method - It does not offer
the newer report types.) |
* |
* |
| *Can
it display a report from one bureau in the style of any other
bureau? No
need to learn three different style reports. |
* |
* |
| Will it
keep you waiting, or can you input requests, receive, and
print reports simultaneously? |
* |
* |
| Does
it have certification by all three of the Credit Bureaus? |
* |
* |
| Can you
correct mistakes without reentering everything from scratch? |
* |
* |
| Is there
an annual Support or maintenance charge? How much? |
$_______.____ |
$_______.____ |
| *Can
it interface
to Calyx Point Mortgage Software and Genesis 2000 Mortgage
Software? Very important to mortgage credit grantors! |
* |
* |
| *Can
you set up automatic YES
or NO credit decisions based on your criteria? |
* |
* |
| *Custom
Reports without cryptic codes to remember. Makes understanding
credit reports a breeze. |
* |
* |
| Custom
data entry screens. Only displays the fields you need to
fill-in for the report type you request |
* |
* |
| Does the
software support special capabilities, such as Desktop Credit Analyst
(sold and installed by
Equifax) and CU Decision Expert (from Experian.) |
* |
* |
| Do you
have to enter customer information more than once to get a tri-bureau
credit report? |
* |
* |
*
If the software you select does not offer the System-to-System
protocol you will not
be able to request many of the report types
offered by the Credit Bureau.
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Easy access to credit information
for Equifax, Experian and Trans Union members.
Credit reports on loan applicants,
prospective employees or tenants.
You complete a simple on-screen form to identify the consumer.
(Name, address, and social security.) The software then dials,
submits
the inquiry, and obtains the credit reports in just a few seconds.
You can also create an automatic system for
approving or denying credit, using any
of the Credit Scoring Models (automotive, retail, utilities,
mortgage, installment, etc.) from any of the Credit
Bureaus. The response can be as simple as "APPROVE",
"DECLINE", "NEED ADDITIONAL INFORMATION", or as
complex as you want. You Control the response to Model Scores and
information as to what to do if there is a fraud, public record, or
incomplete score results.
Now you don't have to rely on someone
else to determine what your business decisions should look like.
Once you setup "QuikDecision", any of your employees will
get the same results as if you were making every credit decision.
yourself.
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