Equifax Income Verification
We believe Equifax Income Verification is the strongest income verification process in the market today.
Equifax Income Verification gives you insight to present better offers to your customers. Used in your affordability assessment, our automated income verification is transparent, robust and accurate, delivering a better customer experience and helping you to lend responsibly.
- Our process aims to replicate the thoroughness of manual verification
- We identify the relevant current account and, through complex algorithms, the turnover in the account relevant to income
- We provide insight into the sufficiency, consistency and stability of the account turnover relevant to the consumer's income
- We make sure you understand our low-level calculations to demonstrate how it works with your overall responsible lending strategy
- You choose the parameters that work best with your credit policies
Get in touch for more information on Equifax Income Verification and how it can help your organisation
"How do you assess affordability without an accurate view of income?
The simple answer is; you can't."