Teletrack Introduces Summary Credit Attributes
To Expedite Credit Risk Assessment

NORCROSS, Ga., July 29, 2009—Teletrack, Inc., an industry-leading provider of credit and fraud risk solutions for non-traditional lenders, today announced its ability to return more than 100 credit attributes along with the Teletrack credit report to accelerate and optimize risk assessment for short-term lending.

Attributes are the variables that summarize credit performance data for use in developing and executing scorecards. Lenders use attributes—such as the number of inquiries or paid charge-offs—as the basic component to make smarter decisions on extensions of loans or credit.

“Lenders can use this information to create predictive assessments of individual creditworthiness across the enterprise,” said Dale Williams, president of Teletrack. “More effective attribute management can help to improve operational efficiencies, save time and money and enable a more efficient approval process.”

Teletrack’s proprietary data includes more than 215 million consumer credit records representing approximately 35 million unique consumers. By utilizing the more than 100 credit attributes now available, clients are able to discern and extract the key factors contributing to risk without having to process large amounts of data. The credit attributes are available by industry and timeframe and include inquiries, open charge-offs and paid charge-offs, as well as other variables that may be useful in predicting or modeling credit performance. Teletrack’s interface allows clients to specify the number and type of variables.

“Accessing credit attributes enables our clients to quickly and efficiently understand Teletrack’s data and analyze the most important factors in an applicant’s credit history,” said Williams. “For new Teletrack customers, using our attributes may reduce the time to market and the expense associated with calculating attributes using their own analytics tools. Existing customers can also leverage these features when upgrading to more sophisticated decisioning processes or models.”

Teletrack provides lenders with the ability to test credit attributes against their lending portfolio before deployment within the company’s loan approval process. This enables the lender to evaluate the predictability of the attributes, determine those most associated with activity within their portfolio and validate the impact of new or updated attributes before modifying current decision processes. Credit variables also highlight areas of risk and indicate elements of the Teletrack credit report that should be examined more closely before approving a loan.