Retail Finance
Being successful in today's highly competitive retail finance market requires innovative new solutions to increase revenue and reduce defaults. TransUnion offers solutions to help you make faster decisions and obtain higher hit rates—ultimately improving your profitability.
Make faster decisions and obtain higher hit rates
Reduce risk throughout your billing cycle
TransUnion allows you to strengthen your offering and reduce risk throughout your customer lifecycle. Our solutions can be tailored to your unique billing cycle to help:
- Gain a competitive advantage with instant credit decisions at the point of sale
- Get higher hit rates by using telephone numbers as part of the point of sale decisioning process
- Reduce fraud with identity management solutions that allow you to quickly authenticate identities
- Respond faster in case data is compromised
Make faster, more consistent credit decisions with DecisionCentre®
Transform the way you process applications, target prospects, and manage risk with our Web-based ASP platform. Streamline and standardize time-consuming processes from end to end using your own rules and policies—and your choice of internal and external data, including data from both credit reporting agencies. Preconfigured applications make it fast, easy and affordable to integrate with your system.
Increase the effectiveness of your marketing programs
Use Dynamic Monitoring to identify customers based on specified behaviour and take timely action. You set the criteria and thresholds for key changes in behaviour and are notified of their occurrence on a schedule you specify—monthly, weekly and even daily. You are better equipped to reach customers with the right offer at the right time.
Improve your targeting with Aggregate Data. This solution aggregates credit report characteristics at your choice of two levels: Postal Code and Neighbour (sub-groups of at least 15 credit-active people).
Better manage the risk of your portfolio
Make more informed decisions about customers and prospects, reduce losses and improve profitability. Identify different levels of risk with the TransUnion Risk Score, tuned for regional differences in four key markets and with a 12-month performance period. Predict an individual’s likelihood of bankruptcy in the next 18 months with the TransUnion Bankruptcy Score. For more predictive power, it is recommended that both scores be used to better identify customers who may be good risks today but would pose heightened bankruptcy risk in case of a sudden adversity.
Collect revenue more effectively
We'll help you increase the profitability of collections with an in-depth analysis of your technology, operations and strategies. Powerful services allow you to increase your revenue with the solutions to collect debt faster and information to locate delinquent clients at less expense.
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Learn more about how our solutions can help your retail financing efforts:
- DecisionCentre
Enhance your Application Management System and make faster, more objective credit decisions.
- Fraud and Identity Management
Verify consumer information quickly and efficiently.
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Collections Management
Increase your revenue by reducing the cost of collection and prioritizing accounts according to profitability.
- Marketing Services
Maximize approval rates by marketing to consumers at the point of sale.
- Risk Management
Take the steps to increase your profit margin by learning more about your customers with powerful risk models and advanced decisioning systems.
- Data Compromise Assistance
Be prepared to reduce financial losses and legal risks, and protect your reputation in the event personal information is compromised or stolen.
- Credit Reporting
Reduce risk and reach more of your business goals using high-quality, comprehensive data.
