Credit Bureau Connection (CBC) Announces "Auto Finance Summary" Powered by TransUnion Integrated into CBC's eCredit Complete Credit Report and Compliance Platform

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Auto Finance Summary (powered by TransUnion) is a powerful tool in the automotive lending decision making process. Data returned in the Auto Finance Summary helps desk managers and finance managers determine the applicant's ability to pay back auto loans. Key data elements include current and previous auto loans, leases, lenders, APR's, payment amounts, contract terms, balances, pay back history, and more.

Auto Finance Summary powered by TransUnion

Auto Finance Summary powered by TransUnion

Auto Finance Summary will give you the tools you need to close more deals and save valuable time when working with a "solid prospect" or a “get me done”.

Desk managers, finance managers, and key decision makers use the Auto Finance Summary data to easily determine interest rates, affordable monthly payments, and possible lenders to submit the paper to. Credit Bureau Connection's enhanced credit report is now available with this option.

CBC integrates the Auto Finance Summary data provided by TransUnion to provide greater insight into the consumer's financing situation. Valuable insight pertaining to current auto loan(s), lease information, and historical auto finance information, provides additional tools to assist in the deal process. Here are just a few ways CBC's Auto Finance Summary feature can help sell more vehicles and make more money:

  •     Know if the prospect has a trade-in, what the payment is, current loan balance, and estimated APR on the loan, thus improving the ability to offer competitive rates and convert prospects into customers.
  •     Know up to 5 of the most recent auto trades (open and closed), if the prospect had a co-signer on the previous auto loan, and if the prospect's trade-in was financed by a sub-prime lender.
  •     Know the lender name and phone number on open auto loans to quickly secure payoff information.

Auto Finance Summary will give you the tools you need to close more deals when working with a "solid prospect" or a “get me done”. Contact Credit Bureau Connection for more information and to get setup today.

Credit Bureau Connection has roots in the credit reporting, compliance, sales, desking, and F&I system development fields dating back to the early 1980’s. In recent years, Credit Bureau Connection (CBC) has become a recognized industry leader in forward thinking credit report and compliance solutions. CBC is one of only a few authorized resellers to the automotive industry and has established long-term partnerships with all three credit reporting agencies: Experian, TransUnion, and Equifax. CBC is a technology oriented company focusing on superior customer service. CBC has grown to be an industry leader by providing the latest, state-of-the-art solutions for automotive related clients, managed in the most secure and redundant data centers in the world, powered by high-end servers and hardware, and utilizing proven web-based software technologies.

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Jeff VanOrnam

Darin Larsen
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