Consumer reports are used to verify customer identities, to decide whether to provide credit, insurance, employment, and many other purposes to help you make knowledgeable business decisions. CoCredo work with the industry leaders of consumer information CallCredit and introduce you directly. Some of the more popular reports available are the CallReport, CallID and CallML, highlighted below.
When your business relies on dealing with genuine customers, it’s a smart move to take precautions and prevent money laundering. This is particularly important if you’re dealing with online transactions, which can be higher risk.
Call ML allows you to verify an individual at the address(es) they have provided. The footprint left by carrying out a Call ML search is Prevention of Money Laundering, this will be visible to the consumer on their credit file. The footprint has no effect on the consumers’ credit score or credit worthiness.
CallID is a powerful customer identity verification report that can prevent fraud, reduce operational costs and improve customer satisfaction.
CallID is designed to meet the requirements of an organisation who need to verify customer details but do not want to carry out a full Anti-Money Laundering check. It can return a simple pass/refer decision based on the information inputted matching with the information we have on our live database.
It is responsible business practice for lenders to conduct a consumer check on an individual and our consumer reports can assess the level of risk associated to assist in making important commercial choices.
The CallReport assesses the credit risk and affordability of a customer and the likelihood of fulfilling their credit commitments.
CallReport confirms an applicant's name, address and the presence or absence of any adverse public data. Included in the report is the applicant’s Gauge Score, a credit score based on public data and ranking according to credit risk. It is a valuable tool for a whole range of sectors dealing with consumers.
Additionally, please speak to our consultants about the SHAREReport, which provides the information in a CallReport, but added with details of the previous payment patterns and debts over the past six years.