Despite Consumer Demand, Auto Dealers Struggle to Provide Complete Digital Solutions
The online survey polled 135 dealers around the U.S. to get a better understanding of current trends in retail transactions, credit applications, vehicle financing, fraud; and their prospects of offering online digital retailing options to customers.
Despite Consumer Demand, Auto Dealers Struggle to Provide Complete Digital Solutions
Seventy-six percent of dealers are forced to handle between one to three fraudulent transactions each month. Fraud comes in many forms and remains a significant concern for dealers, illustrating the deep need for advanced digital technologies that reduce the threat of fraud while also improving the overall customer experience for shoppers.
CoreLogic Launches Three-Bureau PreQual Solution for Automotive Dealers
The solution also helps dealers explain the process a consumer must follow to submit a loan application and the information a creditor will analyze to reach a credit decision.
The Benefits of Pulling Multiple Bureaus
It’s not that one credit bureau is consistently high and the others are low; it totally depends on the unique credit profile housed at the various credit bureau providers.
Tax Lien, Civil Judgment Data Could be Removed From Credit Scores; Decision Shines Light on Need for Accurate Reporting From the Legal System
Earlier this month, Experian, Equifax and TransUnion announced they will remove some tax lien and civil judgment data from credit reports starting around July 1.
