Zenith has selected Callcredit Information Group as its preferred credit reference agency (CRA), to help assess applications for car salary sacrifice funding.
Zenith will use Callcredit’s SHAREReport service to quickly identify potentially high risk applications for car finance.
SHAREReport provides all the information needed to assess an applicant’s likelihood of fulfilling their credit commitments in a simple and logical view. Zenith will use the data provided by SHAREReport to verify the identity of applicants, check for undeclared County Court Judgements or bankruptcies, and carry out affordability assessments.
Callcredit has also provided Zenith with advice and support in designing a new set of underwriting rules to ensure smarter lending decisions.
Rob Butler, financial controller at Zenith, said: “Callcredit have a very proactive approach and with their support, we are now able to assess the risk associated with each application at a very early stage, which ultimately provides greater protection for the business.”
James Blake, head of sales at Callcredit, said: “It is more important than ever that finance and credit providers have all the information they need to make lending decisions and protect themselves from unwanted risk.”