Press Releases

October 27, 2008

First Advantage CREDCO Offers Stacked Credit Report for RouteOne Dealers
Allows dealers to conveniently shop more loans to more lenders

First Advantage CREDCO, the leading provider of automotive specialty credit reporting solutions, today announced the integration of a new stacked credit report with RouteOne®, a Web-based credit application management tool for automotive dealers. The stacked credit report, which delivers separate credit reports from one, two or all three national credit bureaus in a single transaction, helps participating dealers shop loans and finance deals quicker and more effectively than ever before.

Though auto lenders typically require only a single credit report to approve a loan, some lenders may require an Equifax® credit report, while others may require one from either TransUnion or Experian®. First Advantage CREDCO’s stacked report provides a convenient and time-saving solution that automatically pulls credit reports from multiple bureaus at one time, allowing dealers to proficiently work a deal with several lenders.

“With the recent and dramatic shift in the credit markets, dealers need to be even more diligent and flexible in their F&I practices to successfully secure financing and sell more cars,” said Eric Rumsey, president of First Advantage CREDCO. “The integration of our stacked credit report with RouteOne’s CreditMaster® provides a quick and convenient tool that helps dealers overcome many of the challenges they face in the current lending environment.”

The Stacked Credit Report

Increases Lending Options – Allows dealers to easily seek financing from multiple lenders with different bureau requirements simultaneously.

Saves Time – Lets dealers conveniently order separate credit reports from all three national bureaus in a single transaction, instead of one at a time.

Convenient Integration – Conveniently integrated with the RouteOne system, which helps improve overall efficiency of the F&I process.

“A lender’s credit report requirements may vary due to their individual underwriting requirements, the transaction and region of the country”, said Mike Jurecki, RouteOne CEO. “The new stacked credit report feature, along with the existing credit reporting options from First Advantage CREDCO, lets our dealer customers quickly and easily pull credit reports from two or more bureaus at one time, helping satisfy each lender’s preference.”

Since 2003, the two companies have enjoyed a successful business relationship based on First Advantage CREDCO’s credit reporting services, compliance and identity verification solutions. The integration of the new stacked credit report feature expands this relationship, providing another value-added service to participating RouteOne dealers.

First Advantage CREDCO is integrated with more than 50 dealer sales and finance platforms for automotive dealerships throughout the U.S. For more information about credit reporting solutions from First Advantage CREDCO, visit www.CREDCOservices.com or call 800.694.1414.

View All Press Releases