The best data, solutions and experts for guarantor lenders

Why our data is the best

TransUnion is the primary credit reference agency for the top 12 online lenders, this is due to our unrivalled level of data coverage coupled with our expert knowledge.

We pride ourselves on having the widest variety of data in the industry and have more sub-prime data than the other UK credit reference agencies (CRAs), but we also have huge quantities of positive data concerning up-to-date financial records, which are also crucial in determining the risk associated with your applicants.

This combination of Short Term Lending data and more traditional lending performance information is essential in enabling us to provide the most predictive data and insight available for assessing new lending requests.

The amount of data we hold enables us to match more applicants to our databases with the greatest levels of confidence and accuracy in the market.

We have over 120 clients in the Short Term and Alternative Lending sector who we help with:
Affordability assessment Fast and automated decision making
ID verification Payment, card and bank verification
Compliance and regulatory advice Reducing the risk of fraud
Reducing default rates Consultancy and analytics

The data we hold is at the heart of all the products we offer and can be used at every step in the customer lifecycle;  from verification to assessing the applicant’s affordability, protecting your business from fraudulent applications, aiding your collections strategy and customer management.

Verify Income & Assess Affordability of your applicants and guarantors

Demonstrate responsible lending and address regulatory concerns by assessing the affordability of the applicant and the guarantor.

TransUnion promote responsible lending and we can help your business do the same with our market-leading service to verify your applicant’s income is as stated at the point of application, without the need for documentation or manual intervention.

Our data has proved to be highly predictive at being able to determine whether an applicant is likely to meet their repayments. Insight into affordability is an invaluable tool in helping to evidence a responsible approach to lending decisions.

ID Verification & Fraud Prevention

Combine our verification solutions with our robust fraud checks to ensure that the customer you are dealing with is genuine and protect your bottom line

We understand that one of the big challenges faced by Guarantor lenders is the need to verify the identity of both the applicant and the guarantor confidently and quickly without increasing your exposure to fraud. The tools we offer can match an individual using bank and card checks so you can be sure that the applicant and the guarantor are who they say they are.

Our verification tools enable you to:

  • Help you comply with Anti-Money Laundering regulations – be confident you meet the industry regulations;
  • Validate the identity of a customer at application – our wealth of data can help validate your applicant’s identity;
  • Verify payment details - link bank details to the identity.

Ever Evolving Technology 

We can help you deliver money to successful applicants in a matter of minutes from an online application based on accurate, responsible lending decisions

We’re committed to ensuring we provide the most up to date solutions for your business needs and one of the ways we can help is by reducing the need to request paper documentation either your applicants or the guarantor. We know that this is a challenge faced by our customers and that reducing manual processing is a top priority.

We can provide you with a quick pass/fail/refer decision which can speed up your application process, allowing you to approve more applicants and guarantors in a shorter space of time.

With a typical response time of 0.5 seconds we can help you verify the identity your applicant and guarantor quickly and pin-point any fraudulent applications. Our solutions mean you don’t have to choose between fast decision making and responsible lending.

 Expert Consultancy Offerings

At TransUnion we pride ourselves in understanding the Short Term and Alternative Lending market and being able to create innovative solutions to the challenges you face

We have a dedicated team of consultants and analysts who can provide support for your business from the very beginning right through to client management and support.

Our consultants are experts in this field and can review your current processes and existing scorecards to ensure you are accepting more applicants whilst protecting you from fraud and cutting default rates.

Ask our consultants about:

  • Marketing insight
  • Bespoke scorecards and scoring strategies specifically for Guarantor lenders 
  • Post Decline Analysis

To contact one of our Lending experts complete the online business enquiry form