Callcredit Information Group

Callcredit Information Group

November 25, 2013 06:00 ET

Nationwide Choose Callcredit to Support New Credit Application Functionality

LEEDS, UNITED KINGDOM--(Marketwired - Nov. 25, 2013) - The world's largest building society, Nationwide, has chosen to include Callcredit Information Group's credit and affordability suite as an integral part of its new credit application functionality.

Callcredit will supply a real time data solution to deliver a credit data summary of a customer's credit file alongside a credit risk score which will enable Nationwide to identify the credit risk associated with each applicant both quickly and efficiently.

In addition, Nationwide will be able to automate applications to Callcredit's affordability suite to validate an applicant's income and affordability in respect of personal loan applications. The affordability check helps lenders to facilitate responsible lending decisions based on a view of over-indebtedness rather than simply assessing a customer's credit history.

Iain Laing, Chief Risk Officer, Nationwide commented "In reviewing suppliers of credit and affordability data, we have consistently found Callcredit's approach to be collaborative and client-focused, with the result that we get incremental value from using their data. Ultimately this enables us to lend to more customers, more conveniently, without compromising our standards of control."

Kaye Rickards, Business Development Manager, Callcredit added "Credit checks and robust affordability assessments are a crucial part of the application process and we are delighted to work with Nationwide on such a huge initiative. As consumers continue to feel the squeeze on their disposable income it is reassuring that Nationwide are actively seeking the means to ensure they continue to lend responsibly."

About Callcredit Information Group -

Callcredit Information Group's leading approach to deploying consumer information brings together experts across the fields of credit referencing, marketing services, interactive solutions and consultative analytics to provide clients with a range of innovative and effective products to discover new customers and to engage with current customers to optimise and increase profitability.

Products include award-winning fraud verification tools and database solutions to positively verify consumers, global operations to help expand businesses into new markets, digital solutions to improve the overall journey consumers make during interaction with a brand, customer handling to ensure consumer satisfaction at all levels and consumer marketing data and segmentation to improve understanding and targeting of customers and prospects.

Callcredit also offers products to assess a customer's credit risk and affordability and its experts in collections and recoveries provide tailored debt recovery and tracing tools. The company's market analysis and network planning function helps organisations develop profitable retail networks, and its tools in multi bureau, analytics and metrics work to provide fully assessed bureau data.

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