Features & Benefits

Equifax Apply is the most up to date and comprehensive credit report available, giving you the peace of mind you need to accept or decline applications thanks to this reliable, fast and best in market credit check service.

  • Leverages the unrivalled Credit File coverage and matching algorithms from Equifax
  • Optimises credit assessment decisions
  • Ensures stability in your transition to Comprehensive Credit Reporting (CCR)
  • Allows cost-effective due diligence on prospective customers
  • Helps control bad debts
  • Speeds up loan application turnaround time
  • Helps to fulfil your National Consumer Credit Protection (NCCP) obligations

 

Powerful functionality is at work behind the scenes:

  • CCR insights to complete the customer picture

    As the first credit history report tool to include negative and Comprehensive Credit Reporting (CCR) data you get the most complete picture of an individual loan applicant’s credit history.

  • Equifax Score

    Provides a summary of all bureau information via a single score, a trusted rating of your customer’s credit risk, developed through our powerful scoring models that clarify risk in a simple snapshot.

  • Complete Credit File

    Equifax Apply gives a complete summary of customer’s credit history. This includes previous applications made, names of lenders currently providing credit to your customer, and details of past and current overdue debts. Equifax Apply also includes credit details of businesses or commercial entities related to your individual customer.

  • Full Identity Check

    Check your customers’ identity with Equifax Apply to ensure you are dealing with the correct individual. You will receive collated details of your applicants’ primary and other identities.

  • Genesis Data BlockTM

    The Genesis Data Block™ is returned with each score summarises complex credit data simply. The result is clear yet powerful aggregated insights that enable quicker and more accurate decision making. This is ever more important with the introduction of CCR, which has exponentially grown the number of variables businesses have to consider when applying policy rules.

  • Multiple-Score Functionality

    Equifax Apply is the first Equifax product to provide the option of requesting multiple scores in a single transaction. This supports your transition to CCR by returning a negative score to power existing systems while simultaneously returning a second CCR score to test new credit management policies and systems.

  • Customised Solutions

    The Equifax Apply scoring models and aggregated data sets can be configured to deliver to custom specifications. This feature allows you to surface what is most important to your credit management practices.

  • Specialist support for you needs

    Equifax is on hand to help you get started smoothly and create your reports with technical, administrative and analytical advice from our specialists.