Services

Credit Reporting Solutions

eCommLink's credit reporting agency (CRA) collects and provides credit information on underserved, non-traditional borrowers seeking micro-loans and other specialty financial services not supported by the traditional credit bureaus.

Our solution combines our data validation and identity verification services with accurate and detailed consumer credit reporting. eCommLink's CRA database collects and provides information on the entire transaction lifecycle from loan application purchase decisions that enhance conversions, to underwriting and collections decision support, using advanced credit information and skip trace data.

The eCommLink solution collects a daily update of loans funded and detailed payment history, including the Automated Clearing House (ACH) return data. By capturing data for the entire consumer transaction, we can provide comprehensive reporting that more accurately portrays a consumer's loan performance, including more opportunities to report positive credit on the consumer.

What makes eCommLink's credit reporting solution unique?

• Reduces fraud through real-time, OFAC-compliant data verification services
• The first agency developed specifically for this market that is compliant with the Fair Credit Reporting act (FCRA)
• The only reporting agency serving the specialty finance industry that provides these consumers the benefits and protection offered by the three major credit bureaus
• Requires lenders to report daily, thus ensuring that information is comprehensive and up to date
• Provides daily updated bankruptcy data for all 50 states
• Allows consumers of non-traditional loans to establish a positive credit history

Key Benefits

• We house our consumer data in High Availability Disaster Recovery Data Centers that are fully SAS 70 compliant
• Unlike competitors, who primarily report credit inquiries and account charge-offs, eCommLink focuses on all aspects of the consumer's credit by gathering detailed payment history from lenders to provide both positive and negative reporting
• Our credit reporting services include complete identity verification to reduce fraud; skip trace to improve collections; and phone verification for authentication and tracking purposes