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Income Precheck

Move deals forward with fewer complications

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Income Precheck gives you instant access to employer-provided data that is as recent as the consumer’s latest paystub. With this information you can:

  • Quickly pre-qualify a buyer for financing
  • Move deals forward with fewer complications and last-minute renegotiations
  • Confidently spot deliver vehicles
  • Provide a better overall customer experience

Instant income and employment verification helps dealers gain a more accurate understanding of a customer’s financial standing, providing information including:

  • Employer name
  • Employment status and job title
  • Annualized income calculation

In addition, dealers can use verifications to view job tenure, which provides additional insight into repayment risk beyond what a credit score alone reveals.

Income PreCheck Example

How you Benefit

  • Quickly put together stronger deals by better understanding income and employment earlier in the lending qualification process
  • Offer the best loan options with fewer obstacles and/or loan stipulations to be cleared
  • Strengthen lender relationships by submitting verified consumer information

If you are ready to offer a better auto buying experience that reduces stips and keeps the customer in the store, then Income Precheck is for you.

Equifax The Work Number Logo

Income Precheck is powered by The Work Number from Equifax, a database that dealers use to verify employment and income information. It is the largest central repository of payroll information in the United States, with over one million employers including small, medium, and Fortune 500 companies contributing payroll records.

Ready to get started?

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