Affordability Report
Process applications while assessing consumer credit profiles and existing expenditure.
Count on our effective affordability assessment solution for responsible lenders.
Affordability Report by TransUnion allows organisations to seamlessly process new applications while assessing their customers’ current financial situations. This helps determine affordability and income without the need for manual intervention.
With increased regulatory attention, indebtedness levels remaining high and for many consumers suffering from an unprecedented squeeze on disposable income, a robust affordability assessment is an increasingly crucial aspect of credit management.
Our Affordability Report has been designed within this context, enabling organisations to consider consumers’ debt and overheads and verify whether an applicant can afford credit. With this valuable information, you’ll be able to make more informed, responsible decisions.
-
Verify an applicant’s stated income without manual or document intervention
-
Gain access to universal data covering the UK market
-
Obtain more granular data to determine creditworthiness and conduct affordability assessments
-
Boost profitability by onboarding more customers who may otherwise have been rejected
Related Products For Affordability Report
-
TrueVision
With over 2,000 credit attributes and proprietary algorithms, you see a more holistic consumer profile. -
CallReport
Call Report helps you make quicker, more responsible choices. -
CallMonitor
Keep up to date with your customers and their financial situation to inform smarter lending decisions. -
DataDNA
Access a ready-made solution that provides a consistent, single customer view.
Digital Wallet Growth Drives Revenue as Innovations Boost Security
Harnessing the Growth of Super-Apps and Digital Wallets
The Transformation and Disruption of Super-Apps and Digital Wallets
An Opportunity to Effectively Grow Loyalty
