Credit Reports / Red Flag Compliance
Online access to Experian, Equifax and TransUnion credit reports - and Red Flag alerts!
FEX DMS has partnered up with 700 Credit to provide independent auto dealers access to the three credit reporting companies. (TransUnion, Equifax and Experian)
Both integration partners are considered the automotive industry's leading solution for credit reporting and compliance products and services. Products and services offered by each company include: Credit Reports, OFAC compliance, Adverse Action Letters and Fraud Detection. Additionally, each offers Compliance Solutions and Red Flag Alerts and Risk Based Pricing notifications.
Credit reports provide a “snap shot” of consumer activity. Returned at the top of the report, credit report summary helps analyze the most significant factors in a consumer's credit file. This powerful tool contains many key calculations from the credit profile giving you a picture of the consumer's debt, monthly obligations and payment history. Also, dealers are alerted to derogatory items like public records, number of collection accounts, number of derogatory accounts and more.