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Pre-Approval of One

Pre-Approval of One

Overview

What is Pre-Approval of One?

Pre-Approval of One allows consumers to initiate an application for credit with no impact to their credit score (soft-inquiry). Lender evaluates applicant’s creditworthiness and offers a commitment to lend, subject only to collateral requirements or conditions. A hard inquiry will…

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Pricing

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What is Pre-Approval of One?

Pre-Approval of One allows consumers to initiate an application for credit with no impact to their credit score (soft-inquiry). Lender evaluates applicant’s creditworthiness and offers a commitment to lend, subject only to collateral requirements or conditions. A hard inquiry will be posted if the…

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Details

What is Pre-Approval of One?

Pre-Approval of One allows consumers to initiate an application for credit with no impact to their credit score (soft-inquiry). Lender evaluates applicant’s creditworthiness and offers a commitment to lend, subject only to collateral requirements or conditions. A hard inquiry will be posted if the consumer moves forward with taking the pre-approved offer and meets the conditional credit requirements.

Benefits:
  • Helps to Reduce Consumer Abandonment - Creates a single, low-friction experience for credit seekers as well as credit applicants
  • Streamline the PII Ingest Process - Helps boost take rates by collecting all the information needed to underwrite the consumer at the time of ingest
  • Increases Stickiness - Establishes consumer expectations and acknowledging they are valued by reducing their time commitment in the application process

Pre-Approval of One Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo
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