Veda Consumer Credit Analysis
- Credit History
- Consumer Monitor Alert
- Consumer HealthCheck
- Electronic White Pages
- Household Postal Address Update
- Mail Filter
- Default Loading
Veda Collection Tools
Veda Document Verification
Consumer HealthCheck is the ideal way to assess the risk of your existing customer database prior to target marketing.
Veda is able to check your customer lists against New Zealand's largest credit database and provide you with summary credit check details. You can then use this data to determine which of your customers qualify for further lines of credit, or determine how financially healthy they are. You can run a HealthCheck on your total customer portfolio to identify those most at risk of defaulting.
The HealthCheck reduces your marketing costs by allowing you to focus on selected, targeted customers only. It will help you to implement a tiered credit risk assessment plan so you can provide tailored credit offers for your customers who fall within different risk levels.
Running a Consumer HealthCheck will also avoid alienating customers who accept your credit offer only to be declined at application time - a pre-approved offer of credit is always more likely to be accepted than an offer to apply for credit.
There are no setup fee costs and no minimum volume of records.
Key Benefits of running a Consumer HealthCheck:
> Screens your customers through New Zealand's largest credit database
> Lets you determine which customers you want to offer further lines of credit
> Reduces your marketing costs
> Allows you to focus on selected customers
> Increases your campaign success rate
> Pre-approved credit offers are more likely to be accepted
> Increases flexibility of offers
> Segmentation allows you to make separate credit offers to different risk levels
> Saves valuable time processing credit checks
A summary report contains:
> Customer name
> Address
> Date of birth
Summary of adverse data including: Payment defaults; Collection data; Court judgments; Bankruptcy; Adverse public notices.
It will show how many defaults are listed against your customer and the dollar value of all the defaults combined. Judgments are also summarised this way.