Teletrack's database of consumer bankruptcy court records can provide companies with a powerful data element to be used for risk assessment and collections. Working as an add on to your standard Teletrack service or through electronic batch processing, our Bankruptcy Court Records provides you with a powerful new tool to increase predictability so you can serve more consumers. A Teletrack bankruptcy report informs you of critical applicant information such as the date the consumer filed, the location of filing, whether the consumer filed Chapter 7 or Chapter 13, and the current disposition or status of the case.
Teletrack's consumer bankruptcy data assists you in your application verification process by validating the information provided by the consumer on the application and providing you with an assessment of the consumer's current status. By leveraging this information, you can tailor your services to meet the unique needs of these consumers.
If Teletrack reports that an applicant has filed for bankruptcy protection, you choose your course of action based on your own business rules. There are different risks associated with the type and status of each filing. Teletrack provides you with all the relevant bankruptcy case details you need to assess an applicant's ability to complete your organization's financing terms. This information helps you to maximize the number of consumers you can serve while mitigating risk.
Teletrack's Bankruptcy Court Records is also effective for Predictive Modeling and List Suppression.
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