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Differences Between Pre-Screen and Pre-Qualification:

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Pre-Screen: Consumer consent is NOT required Fico Score or range and no, or limited, credit data is provided A firm offer of credit IS required Compliance tracking of offer terms and firm offer of letter production ARE required. Adverse Action, Risk-based Pricing, etc. ARE required. Pre-Qualification: Consumer consent IS required Exact FICO score and all […]
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Does your dealership know the difference between pre-screen and pre-qualify?

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Since filling out lead forms is becoming a thing of the past, there‚Äôs a lot of buzz out there about soft credit pull, pre-screen and pre-qualification products to capture consumer engagement online. Pete MacInnis, CEO and Founder of eLend Solutions joined us recently and talked about the confusion in the marketplace regarding the difference between […]
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