Credit Software Checkup

Important points to consider if you are buying credit software.  Print this page.

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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.

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.


If you don't compare, you may need to replace your
Credit Software sooner than you expect!

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