equifax verification services - auto lender infographic

FAKE PAYSTUB? The Work Number ® database contains income and employment data from more than 5,000 employers and is updated every pay period 47 million verifications were completed in 2014, a 32% increase from 2013 Bad rates (90+ DPD) for consumers with job tenure one year or less with auto loans <$15,000 are almost twice as likely to go delinquent as those with 10+ years of tenure* Instant access to income and employment information can help you INCREASE CAPTURE RATES WHILE MAINTAINING MARGINS 27% 15% APPLICATION CAPTURE RATES OVERSTATED INCOME *Statistics in this infographic are based on Equifax research comparing a random ten-percent sampling from The Work Number database to traditional credit bureau reporting and verification processes. Ninety-plus days past due performance for auto loans originated in 2011, 2012 and 2013 was examined from September 2012 to September 2013. Equifax is a registered trademark of Equifax Inc. The Work Number is a registered trademark of TALX Corporation, a wholly owned subsidiary of Equifax Inc. Copyright 2015, Equifax, Inc., Atlanta, Georgia. All rights reserved. EFX-WS-0070-11/09/2015 REAL PAYSTUB? PAYDATE: 12/34/15 The Work Number contains records for approximately 40% of the US credit population with a direct-from-employer solution available for those applicants not on the database Reduce risk and stay ahead of your competition by relying on Equifax for your verifications process WHAT COULD YOU DO WITH to employment and income information? INSTANT ACCESS FAKE PAYSTUBS ADVERSE SELECTION JOB TENURE STOP PLAYING GUESSING GAMES and wondering if a paystub is fake or has been altered Avoid adverse selection and GET TO MORE DEALS before the competition Do you know how much JOB TENURE CAN IMPACT REPAYMENT RISK? Equifax provides tenure information. Approximately 27% OF APPLICANTS overstate income BY MORE THAN 15% * Approximately 15% OF APPLICANTS overstate income BY 50% OR MORE * For more information, please email autoverifi[email protected] with "Lender Infographic" in the subject line. CREDIT SCORE: 650 JOB TENURE: 1 MONTH CREDIT SCORE: 650 JOB TENURE: 10 YEARS SAME AMOUNT OF RISK? Clearly not!

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Page 1: Equifax Verification Services - Auto Lender Infographic

FAKE PAYSTUB?

The Work Number® database contains income and employment data from more than 5,000 employers and is updated every pay period

47 million verifications were completed in 2014, a 32% increase from 2013

Bad rates (90+ DPD) for consumers with job tenure one year or less with auto loans <$15,000 are almost twice as likely to go delinquent as those with 10+ years of tenure*

Instant access to income and employment information can help you INCREASE CAPTURE RATES WHILE MAINTAINING MARGINS

27%

15%

APPLICATION

CAPTURE RATES

OVERSTATED INCOME

*Statistics in this infographic are based on Equifax research comparing a random ten-percent sampling from The Work Number database to traditional credit bureau reporting and verification processes. Ninety-plus days past due performance for auto loans originated in 2011, 2012 and 2013 was examined from September 2012 to September 2013.

Equifax is a registered trademark of Equifax Inc. The Work Number is a registered trademark of TALX Corporation, a wholly owned subsidiary of Equifax Inc. Copyright 2015, Equifax, Inc., Atlanta, Georgia. All rights reserved. EFX-WS-0070-11/09/2015

REAL PAYSTUB?PAYDATE:12/34/15

The Work Number contains records for approximately 40% of the US credit population with a direct-from-employer solution available for those applicants not on the database

Reduce risk and stay ahead of your competition by relying on Equifax for yourverifications process

WHAT COULD YOU DO WITH

to employment and income information? INSTANT ACCESS

FAKE PAYSTUBS

ADVERSE SELECTION

JOB TENURE

STOP PLAYING GUESSING GAMES and wondering if a paystub is fake or has been altered

Avoid adverse selection and GET TO MORE DEALS before the competition

Do you know how much JOB TENURE CAN IMPACT REPAYMENT RISK? Equifax provides tenure information.

Approximately 27% OF APPLICANTS overstate income BY MORE THAN 15%*

Approximately 15% OF APPLICANTS overstate income BY 50% OR MORE*

For more information, please email [email protected] with "Lender Infographic" in the subject line.