Fortunately, companies like Equifax make the consumer experience even easier. They offer Know Your Customer (KYC) tools which allow you to easily get insights into a customer’s buying power while they’re still in the shopping process. They even have fraud detection for customers who may provide fake or inauthentic identities for the loan application. To make the purchase seamless and to protect against fraudulent parties, taking advantage of Equifax’s technology is the way to go.
infographic by: www.equifax.com