Teletrack's extensive non-traditional consumer databases include hundreds of millions of consumer credit records from more than 15,000 sources across the US.

MicroBilt Corporation is partnering with Teletrack to provide credit history information compiled from payday lenders and other non-traditional reporting sources. With lenders of all types tightening the reins on extending credit, the ability to originate more loans without increasing risk helps lenders stay profitable and enables more borrowers to make purchases and invest in their own ventures.

Alternative credit sources can help manage risk in many aspects of business from extending credit and originating loans to collections. Expanded data sources leverage a variety of information such as existing open loans, previous credit inquiries, discrepancies with social security numbers, inclusion on federal watch lists and landlord/tenant conflicts.

"The challenge is to expand the base of usable credit history to get an accurate assessment of risk without relying solely on traditional sources of consumer data," says Walt Wojciechowski, CEO of MicroBilt. MicroBilt is incorporating a broader set of reliable databases such as those maintained by Teletrack to give lenders more confidence and allow more people to keep spending money and fueling the economy in spite of not having well documented credit histories."

Focused on consumers with limited credit profiles, Teletrack delivers management solutions for non-traditional lending markets including payday loan companies, rent-to-own stores, non-traditional credit consumer finance businesses, non-prime auto lenders and credit unions. A subsidiary of risk management leader First Advantage Corp. (NASDAQ:FADV), Teletrack delivers unique data and decisioning solutions incorporating credit inquiries, account charge-offs, paid charge-offs, and open loan data from businesses dealing primarily with high-risk, non-prime consumers. Teletrack's extensive non-traditional consumer databases include hundreds of millions of consumer credit records from more than 15,000 sources across the US.

"We identified an unmet need for specialized, dedicated credit reporting on consumers with inconsistent credit histories or unique financial needs, and we deliver information gathered from businesses nationwide that isn't available from other sources," says Rich Alterman, Senior Vice President of Product Management at Teletrack, Inc. "The profitability and survival of many businesses depends on being able to extend credit to consumers with less extensive credit histories and the information we provide helps them take on many more customers that couldn't qualify for credit otherwise."