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Teletrack - risk analysis information for the payday loan industry.

Teletrack is very good at providing the payday loan operator with an in-depth portrait of your customer BEFORE you fund their loan. In other words, decision making at the "front-end" of the loan. ( For back-end or collection help, Check Data Systems.com). Teletrack has an extensive database of information on high-risk customers. Payday loan operators can access this data base, thereby reducing their losses and increasing their profitability.

We are so convinced of the advantages of utilizing the services of Teletrack we devote an entire chapter to Teletrack in our  "Payday Loan Startup & Training Manual".

The Teletrack data base alerts payday loan personnel if the cash advance applicant has a history of charge-offs on sub-prime finance, rental or service agreements, has two or more open advances, or is using a fraudulent Social Security number. This information provides the payday loan operator with confidence in granting a payday loan to a consumer.

How Teletrack Works

You can access the Teletrack data bases via your payday loan software solution, the Internet with TeletrackOnline", easily installed PC software called TeletrackConnect™, or via touch-tone phone. You initiate the inquiry process by entering the applicant's name, address, phone number, employer, and Social Security number. This information is then compared to the data stored in the Teletrack data base. The payday loan operator is immediately notified of any charge-offs, fraudulent Social Security numbers, has applied for other payday loan advances and more.