FactorTrust, Inc.

Description

FactorTrust, Inc., a credit reporting agency, provides under-banked consumer risk management and identity verification services to alternative financial services industry. It offers LendProtect, a solution that enables payday lenders, auto lenders, installment lenders, credit card issuers, and peer to peer lenders to make profitable underwriting decisions; and LocateLogic, a skip-tracing solution to help lenders and third parties in debt collections locate more debtors. The company also provides LoanLogic, which provides under-banked loan performance data; InsolvencyLogic that offers bankruptcy, lien, and judgment data on a federal, state, and local level; ComplyLogic, a solution that ensures consumer compliance with OFAC and Patriot Act; AccountLogic, a dual purpose tool, which provides code details of a checking account; and IDLogic that provides identity verification services incorporating data inputs, such as social security number, drivers license data, property data, date of birth, and postal address verification services. In addition, it offers IPLogic that provides insight on IP address, domain, and proxy level data; PhoneLogic, which enables lenders to create decision metrics based on a consumers phone number; FlexLogic that provides risk assessment services; FraudLogic, a solution that detects cyber frauds and online thefts; ACHLogic that provides details of consumer bank transactions and enables lenders to incorporate frequency of NSF, account frozen, and all other payment return codes in evaluating a consumer; and LendProtectRiskScore, an analytical model that generates a predictive risk score and enables customers to decide at a level that reflects their underwriting policies. It serves customers in short term lending, installment lending, line of credit, credit/prepaid cards, near prime/sub-prime lending, and recovery markets worldwide. FactorTrust, Inc. was founded in 2005 and is based in Roswell, Georgia.

Tags:

Consumer Banking Loans, Credit Card Loans