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Improved authorization procedures. |
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Improved up front decision-making means better risk applications are made. |
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Declining future potential bad payers provides reduced bad balances
rolling into delinquent collections and subsequent write off or legal
cases. |
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Behavior patterns revealed. |
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Less
risk to lenders who would otherwise believe the customer to be good. |
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More
time spent with good customers improve customer relations. |
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Improved collections as the customer is prevented from increasing exposure
before paying existing debt burden. |
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dd |
dd |
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A
customer can request a Credit Report to confirm from where the information
is being provided. |
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Warnings are provided when Central Bank Rules of Lending are exceeded
whereas before a customer could individually exceed the rules with many
[or all] institutions. |
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