TAMPA, Fla., Oct. 13 /PRNewswire/ -- CL Verify today announced the launch
of TRACKER, a powerful new skip-tracing tool offering both online and
storefront lenders a unique source for updating contact information about
current borrowers and delinquent debtors. Leveraging CL Verify's industry
leading inquiry volumes and proprietary data, TRACKER delivers an unparalleled
stream of continually refreshed information on small balance loan customers.
"As the credit markets continue to retract, we anticipate lenders may
begin experiencing an increased percentage of defaults and loans which may go
delinquent. TRACKER enables the lender to contact the unable-to-locate
delinquent borrower to seek repayment, and keep a closer eye on consumer
changes which may signal a potential default" said Kim Anderson, CEO. "The CL
Verify network delivers more current data from more lenders, banks and retail
points of service than any other similar provider."
TRACKER is easy to deploy and is most cost effective for any lender with
more than 500 outstanding loans. Subscribers receive daily updates on consumer
information including addresses, phone numbers and bank information, critical
information to ensuring proactive loan portfolio management. When coupled
with CL Verify's customer acquisition solutions, including payday loan, debit
account and identity verification reports, TRACKER provides lenders with a
full suite of tools to manage the credit lifecycle.
About CL Verify: Founded in 1998, CL Verify LLC is a subsidiary of DP
Bureau offering comprehensive specialized decision support solutions to the
small balance loan industry. CL Verify's data and decision support products
provide lenders an accurate up-to-the minute view of a consumer's financial
performance history. CL Verify products and services deliver impressive
returns by integrating and aggregating an unparalleled network of non-
traditional consumer payment history, demand deposit account history, and
consumer public record data.
For more information about TRACKER and CL Verify, please visit
http://www.clverify.com
SOURCE CL Verify
CONTACT: Colin Reid, VP Sales & Marketing of CL Verify, +1-727-373-2500,
creid@clverify.com
