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TransUnion announces new auto financing solutions
CHICAGO (7/2/09)--TransUnion has announced the availability of Auto Summary and APR Estimator, which aim to help finance managers, captive lenders and credit union managers streamline the auto financing process. The solutions serve as add-ons to online credit reports, according to TransUnion. They can provide information on recent auto trades; summarize auto payment data, delinquencies and balances; and estimate the consumers’ annual percentage rate on existing auto loans through an online credit report. The information can then help identify the type of vehicle and finance options that fit the consumers’ capacity to pay. The tools also aim to help lenders improve underwriting, enhance portfolio reviews and analyze lost sales to refine future program offers and pricing. TransUnion is a credit and information management solutions provider based in Fullerton, Calif.


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