Newsletters
August 2007
FREE BuyerID Index Promotion Ending Soon!
Dealer Promotion ends Sept. 18th
Since June, dealers have been enjoying FREE BuyerID Index, a smart identification tool provided by First Advantage CREDCO. The free promotion, designed to raise awareness of the importance of protecting dealerships from identity theft and fraudrelated losses, is ending Sept 18th.
BuyerID Index
Automatically delivered along with the buyer’s credit report, BuyerID Index provides a three-digit numeric score (ranging from 000 to 999) that indicates the level of risk associated with that buyer – the higher the score, the greater the probability of identity risk.
It enables dealers to quickly confirm a customer’s identity by verifying their Social Security Number, address and telephone number, providing easy-to-read explanations for any ID inconsistencies.
BuyerID Index features new applicant and co-applicant naming conventions as well as prominent score indicators for joint applicants. It also includes modified reason codes for easy and clear interpretation.
“Fraud cases involving auto loans and leases are reported every three minutes. That’s nearly $1 BILLION dollars in fraud-related losses in the automotive industry every year.”
Derived from the Federal Trade Commission,
2006 ID Theft Complaint Data Report
Tradeshows
We are exhibiting at the following tradeshows this fall – stop by!
- DealerTrack Innovation Conference
- F&I Conference, Las Vegas
- Special Finance Conference
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