In the finance industry, having the ability to quickly, accurately, and easily retrieve a full credit report for clients is imperative. Without this report, you would have no idea about their credit history, score, or any red flags. Making decisions without all the vital information can present increased risk.
Soft Pull Solutions offers you the ability to accurately and immediately pull all of the most crucial credit information. Our custom APIs derive the credit report from the three most significant and trusted credit bureaus: Experian, Equifax, and Transunion. We specialize in doing soft pulls, meaning the client's credit won't be impacted, and it won't leave an inquiry on their credit report.
Ultimately our software will save you time and money, and allow you to make the most informed business decisions possible because of the information you will gain. Our reports will help you make decisions and evaluate risks.
Types of finance businesses we work with include:
- Business Loans
- Working Capital
- Equipment Financing
- Invoice Factoring and Accounts Receivables
- Franchise Financing
- Payroll Financing
- Asset-Based Financing
- Lines of Credit
- Purchase Order Financing
- Charge Accounts
- Business Acquisition Financing
- Collateral Loans
- Installment Loans
- SBA (Small Business Administration)
- Banks
- Credit Unions
- Preferred Lending
- Online Lenders
- Brokers
- Personal Loans
- Consumer Loans
- Cash Advance
- Credit Card
- Loan Consolidation
- Title Loans/ Auto Refinance
- Buy Now Pay Later
- Deferred Payment Plan
- Student Loans
- Tax Debt
- Lease to Own
- Hard Money Loans
- Payday Loans
- Revolving Credit Loans
- Home Improvement Finance Companies
- Indirect Lending
- Private Lenders
- Not-for-Profit Consumer Credit Counseling Companies
This isn't a comprehensive list, and we'd love to answer any questions about your industry and using our services. Give us a call today!
Why The Finance Industry Needs A Powerful Credit Reporting Solution
There are a lot of industries that benefit from our advanced software. But, the finance industry specifically has a lot to gain from this software. This ability to pull complete credit reports fast is definitely a need in the finance industry.
When dealing with different types of loans, it is necessary to access a complete credit report. Through our software and custom APIs, you can gather this information. Our software is entirely customizable for you and your business. You can trust our system, which will drastically simplify your business.
The credit reports can be attained simply, without entering any sensitive personal information. The reports are complete and are derived from the three most trusted credit bureaus for the information you can trust. The soft pull credit reports also won't impact your client's credit score.
Through these reports, you can pre-approve clients for small business loans and make informed and intelligent decisions about equipment financing, merchant cash advances, invoice factoring, payday loans, and other loans.
As a part of the financial industry, you are required to have the ability to pull credit reports in a fair, timely, and accurate manner. Through Soft Pull Solutions, this is possible in a way that can be customized to help your business run smoother, more efficiently, with a better idea of the risks involved. Our API Integration even allows you to easily pull from your own data sources.
Benefits of Soft Pull Credit Reporting For The Finance Industry
The benefits of Soft Pull Solutions for the finance industry are many. You can integrate custom APIs to fit your business model and meet your needs. We also provide numerous formats for the credit reports, allowing you to read the reports in the most efficient way for your business.
No Impact to Consumer Credit
While we offer hard pulls (that will impact and show up on your client's credit report), a considerable benefit of Soft Pull Solutions is that we offer soft credit pulls that won't influence your client's credit score. These reports offer you the same information that a hard pull would show.
Gathering this information without negatively influencing a client's credit score allows you both to be informed moving forward when negotiating loans and future financial decisions. Another considerable benefit is your ability to run the soft check without any extensive or personal information. You need the client's permission, but it doesn't require a Social Security Number or Date of Birth.
Quick Reporting
There is nothing worse than having to wait an extended period to view a credit report so you can make informed decisions. Our reports show up quickly and efficiently to help minimize waiting.
We know that dealing with loans, financing, and other financial situations is a timely industry. We strive to make gathering this data simple, quick, and still provide you with the most complete and accurate information available.
Time is one resource that is invaluable in every single industry. We value your time, just like you value your client's time.
Accurately Evaluate Risk
In any industry, but specifically in the finance industry, making informed decisions is crucial. Making the wrong decision or not having complete and accurate information can result in huge losses.
Our reports allow you to have the information necessary to make informed decisions and evaluate the risks involved. There will be risks in anything, but taking calculated risks and making these decisions with the most accurate information will allow you to find the most success. Gathering information on people, businesses, income, job history, bank accounts, payment history, and other financial information will allow you to enter negotiations with the appropriate knowledge.
The credit report includes essential information on accounts like their mortgage, credit card, student loans and other loans, any red flags, fraudulent activity, and any warning that may be useful. This additional information will help you accurately evaluate the risks involved in moving forward.
Easily Approve Clients For Loans
After you have run a client's soft pull without impacting their credit, quickly gathered the full credit report, and evaluated the risk, you can help the client move forward. Often, this means pre-approving them for a loan.
Doing this in-office allows the whole process to move smoother, more efficiently, and quickly. It will also save both you and your client time and money that would have been spent on this process.
How Soft Pull Solutions Can Help You Grow Your Business
Soft Pull Solutions can help you customize APIs to meet your individual business needs. Ultimately, this will be a huge time saver and make your business run more efficiently. It also will help you stay organized and minimize time spent sorting through files.
The information on the credit reports also allows you to evaluate the risks involved more accurately and ultimately improve your ROI. The increase in information allows you to be more informed and knowledgeable in your business decisions.
Customizable APIs also allows you to have more opportunities for innovation and growth within your business. Using the software to meet your individual needs allows you to scale more efficiently, find clients, and reach a larger market than you ever could before.
Our customizable software will enable you to maximize your return on investments (ROI) and increase productivity. You will be able to service more clients in the same amount of time because of increased efficiency and productivity.
Other Services We Offer To Help Your Business
API Indicator: Through Soft Pull Solutions, you can integrate custom APIs into your software to fit the needs of your business, no matter what those are. This service allows you to customize the software to your business and see reports that you value. You can see hard pull reports, soft pull reports, red flags, and whatever else you need.
Hard Pull Credit Reports: Our hard pull reports allow you to see a complete credit report from the three biggest credit bureaus. Whether you need this report to pre-qualify customers or fulfill other needs, this ability is something you can benefit from.
Liens and Judgment: This service allows you to discover public records to see previous bankruptcy or other negative records. Having this additional information will give you an idea of the risks involved.
Automated Income Check & Employment Verification: This service presents invaluable information on a client's income, history, and financial state. You can see employment history, the name of their employer, income, tenure, and other stuff on a fast and accurate report.
Compliance Management: When dealing with reports, files, people, and evaluating risk, it can be easy to get overwhelmed and unorganized. Our compliance management service takes care of sending adverse action letters. This service will help your business decrease labor costs, human error, and time spent sorting through files. We also offer a compliance dashboard to increase organization.
Utilizing Soft Pull Solutions in the finance industry can help you grow, save time and money, and ultimately make more sales. If you have other questions, set an appointment or call us at (844) 515-1550 today!
Additional Resources
For more information about aspects of our services and how they can help, check out these resources:
Difference Between Soft & Hard Pulls
| What Is Different? | Soft Pulls | Hard Pulls |
| Impact on consumer credit? | No | Yes |
| Social Security Number required? | No | Yes |
| Date of Birth required? | No | Yes |
| Does running an inquiry create trigger leads? | No | Yes |
| Do you need to print a Risk-Based Pricing Notification and give it to the consumer after you pull the report? | No | Yes |
| Is it a full credit report? | Yes | Yes |
| Is a FICO Score included with the report? | Yes | Yes |
| Is the report sufficient for tenant screening purposes? | Yes | Yes |
| Can I get consent over the phone? | Yes | Yes |
See the Difference Firsthand
Click below to view a sample soft pull report and discover how it can streamline your processes today!
Additional Reports & Features
When you sign up with Soft Pull Solutions, you’ll have access to a variety of other detailed reports and services designed to meet your specific business needs. Click the button to view a full list of reports available to your account.