Income & Employment Verification
Move deals forward with fewer complications
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.
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 steps and keeps the customer in the store, then Income Precheck is for you.
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?
Fill out the form and a 700Credit representative will contact you within 24 hours to get you activated as quickly as possible.