Consumer reports are used to verify customer identities, to decide whether to provide credit, insurance, employment, and many other purposes to help you make knowledgeable business decisions. CoCredo works with the industry leaders, TransUnion credit report, and can introduce you directly. Some of the more popular reports available are the CallReport, CallID and CallML, highlighted below.
CallReport looks at Consumer Credit Referencing and is a credit report which confirms an applicant’s name, address, and the presence or absence of any adverse public data. As an essential identification, verification, and authentication service, CallReport is a valuable tool for a whole range of industries dealing with consumers. It also shows the applicant’s payment record of their credit commitments, loans, credit cards, mortgages, etc (dependent on the company and if they can receive this information).
Most companies can only receive public-level information showing CCJs, IVA, and bankruptcy information. To access the information above, a company typically must be a lender or have entered into a credit agreement with the consumer. This also involves sharing data back with TransUnion.