SOURCE: DataX, Ltd.

DataX, Ltd.

September 30, 2009 09:00 ET

DataX, Ltd. Adds Bankruptcy Information to Its Credit Reporting Agency

LAS VEGAS, NV--(Marketwire - September 30, 2009) - DataX, Ltd., the industry leading real-time subprime credit reporting agency and data verification provider, announced today it now includes bankruptcy data in its credit reports to clients. This data gives DataX customers an additional level of consumer financial information on which to base loan underwriting decisions. DataX Credit Reporting Agency clients now have immediate access to bankruptcy reporting by enabling this option in the report configuration section of the CRA input request. Among other information, the new data includes whether a consumer has filed bankruptcy, the filing status, case number and current disposition of the filing.

DataX also offers bankruptcy data by itself or bundled with any other of its services to strengthen clients' existing decisioning processes.

According to the American Bankruptcy Institute, consumer bankruptcy filings in August rose 24 percent above year-to-date 2008 numbers. Some 119,874 consumer bankruptcies were reported in the month, putting the nation on a pace to top 1.4 million filings this year.

"Our goal is to provide our clients with a multifaceted consumer credit profile," Michael Pooley, executive vice president, said. "Bankruptcy data provides lenders with added insight regarding potential borrowers and can be used to enhance an existing risk strategy."

About DataX Ltd.

DataX Ltd., a Selling Source LLC company, provides real-time credit reporting, consumer data verification and analytic services to the business and financial services industry and operates a comprehensive consumer credit reporting agency. Only DataX's CRA has transaction-based payment detail, a unique feature allowing lenders to see each consumer's daily funding and detailed payment activities in real-time to reduce defaults by predicting loan performance.

About Selling Source LLC

Selling Source LLC, named No. 68 on the 2008 Inc. 500 list, up from No. 109 in 2007, offers specialty finance lenders an end-to-end solution to acquire, fund, underwrite and retain customers while increasing their overall lifetime value. Selling Source alone provides online lenders a single-source platform throughout the micro-loan life-cycle with turn-key consumer acquisition-and-communication services as well as lender, data, payment-processing and infrastructure solutions, including co-location hosting services. London Bay Capital, a private equity firm based in San Francisco, acquired a controlling interest in Selling Source in December 2007. For more information, please visit http://www.sellingsource.com/.

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