Differentiate bad actors from savvy shoppers with comprehensive insights on high-velocity credit applicant behaviors.
The likelihood of fraud increases with each successive simultaneous loan a borrower is approved for.1 But when borrowers apply to a multitude of lenders quickly, before traditional credit data can react, lenders are left with a gap in visibility into how — and why — consumers are seeking and obtaining credit.
1. Wall Street Journal, “Borrow or Fraudster? Online Lenders Scramble to Tell the Dierence.” 2016, https://www.wsj.com/articles/borrower-or-fraudster-online-lenders-scramble-to-tell-the-difference-1477580637