BuyerID Advanced
Comprehensive ID Verification Solution
According to the FBI, identity theft is one of the nation’s fastest growing crimes. And because auto dealers have become prime targets, it makes good sense to protect yourself, and your dealership, with BuyerID from First Advantage CREDCO.
Product Highlights
- Comprehensive, next-level ID verification tool that satisfies certain requirements under the Red Flag Rules
- Protects dealerships against fraud and identity theft
- Easy-to-read, color-coded risk indicators for quick interpretation
- Convenient, organized and reliable results
- Easily integrated into your existing business processes
- Conveniently available through our Web-based portal, CREDCOservices.com, available 24/7
ID Verification & Fraud Prevention
BuyerID Advanced delivers a comprehensive, systematic ID verification solution that quickly searches, cross-checks and verifies the identity of your customers, providing the following information:
- Critical ID elements not verified or matched
- Deceased or invalid SSNs
- SSNs issued prior to date of birth
- Records with both invalid addresses and telephone numbers
- Potential risk indicators and follow-up actions
Thorough Applicant Verification
Simply enter the applicant’s name, current address, date of birth, drivers license number, and Social Security Number, and BuyerID Advanced will access multiple sources to deliver the most thorough applicant verification data available. Plus, BuyerID Advanced delivers a color-coded risk indicator so you can quickly and easily evaluate the relative risk level for each individual before you sell them a car.
Red Flag Rules
First Advantage CREDCO provides a comprehensive Red Flag Solution that includes identity verification, OFAC Screening and credit reporting services to help you minimize fraud-related losses, and maintain compliance with the Red Flag Rules.
"Dealerships need to take ownership of all areas concerning the Red Flag Ruling – without exception – even if it results in a lost sale. It’s crucial to include steps to protect consumer identities as part of the overall sales process."
Jim Smith
Financial Services Manager
Saturn of Oak Lawn, IL