WHAT IT IS:
iPredict is a single, convenient and integrated predictive scoring product that can be easily implemented across various product lines.
As a dynamic credit scoring solution, iPredict allows short-term lenders to assess credit risk on almost any consumer. iPredict employs sophisticated algorithms to mine data from the industry’s largest and most relied upon short-term lending credit bureau database.
WHAT IT DOES:
iPredict factors in over 165 data attributes when calculating the potential risk of a loan applicant defaulting on a loan. The iPredict report returns the following data:
WHAT IT IS USED FOR:
iPredict enables companies to quickly evaluate the risk level of a potential loan applicant leading to reduced defaults, better margins and more efficient business processes. It is used in many industries including short term installment lending, buy-here-pay-here auto financing, check cashing, title lending and retail financing.
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