Press Releases

September 22, 2008

First Advantage CREDCO Delivers Executive Summary with Red Flag Solution
Helps Dealers Make Quick, Reliable Sales & Lending Decisions

First Advantage CREDCO, the leading provider of automotive specialty credit reporting and identity verification services, today announced the availability of an all-new Executive Summary, a streamlined report that summarizes critical consumer credit and compliance information. The new report is designed to help U.S. automotive dealers quickly and easily reference pertinent buyer information to assist with structuring financing options. The first release of the Executive Summary is available free only to dealers who sign up for First Advantage CREDCO’s Red Flag Solution. It will be delivered automatically with each consumer credit report.

The Executive Summary consolidates key decision-making consumer information into a single, easy-to-read report to help streamline the overall finance and insurance (F&I) contracting and sales process. It features bureau score information, in addition to potential Red Flag fraud indicators such as Fair and Accurate Credit Transactions Act (FACTA) alerts, discrepancies in identity information, consumer identity data alerts, possible matches on the Office of Foreign Assets Control (OFAC) list of Specially Designated Nationals and more.

“Time and again, dealers have expressed the need to have pertinent consumer data at their fingertips in order to make quick, reliable sales and lending decisions,” said Eric Rumsey, president of First Advantage CREDCO. “The Executive Summary conveniently organizes all of the consumer’s credit and identity verification information on one sheet to help streamline their F&I processes and assist with satisfying their compliance requirements, so they can focus on the business of selling more cars.”

Executive Summary

• Provides an at-a-glance review of the buyer’s credit score along with potential fraud indicators.
• Features FACTA alerts, variations in consumer data, identity data alerts, possible matches on the OFAC list of Specially Designated Nationals and more.
• Delivered free automatically with the consumer’s credit report.
• Assists with simplifying Red Flags Rule compliance requirements and helps dealers develop and maintain their Identify Theft Prevention Program.

First Advantage CREDCO’s Executive Summary complements the company’s Red Flag Solution, which is a comprehensive offering of credit reporting services, OFAC screening, identity verification solutions and reporting tools. The Red Flag Solution is designed to help dealers quickly and easily comply with the November 1 compliance deadline for the Red Flags Rule.

By the end of 2008, the Executive Summary will be available to all U.S. automotive dealers, and expanded to include additional consumer information, such as head of household income estimates and demographic data, additional tradeline information and more.

For more information about First Advantage CREDCO’s Executive Summary or the Red Flag Solution, call 866.231.3191 or visit www.CREDCOservices.com/RedFlag.

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