Clear Tradeline™

Provides traditional Payday Single Payment Lender information, bill pay history, installment loans, credit cards, prepaid debit cards, rent-to-own, and mortgage loans. Clear Tradeline™ provides an in-depth look at credit limits, past due loans, and open balances on all known tradeline loans.

What is Clear Tradeline™?

Clarity's Clear Tradeline™ reports inquiries, extensions of credit, bill payments, and collection attempts made by our reporting partners. Our partners offer a variety of financial products such as home mortgages, credit cards, debit cards, auto loans, single payment micro loans, rent-to-own, and bill payment services. Clarity accepts and reports real-time changes and displays data in an enhanced METRO II format.

Clear Tradeline™ accepts and displays reporting data in the METRO II industry standard format. Clarity has modified the Metro II format to accept real-time reporting changes on an extensive and more contemporary set of products than the traditional credit bureaus. Clear Tradeline™ also addresses high velocity application problems inherent with automated lending products. 

How Can Clear Tradeline™ Help My Business?

Clear Tradeline™ is designed to fill the blind spot left by traditional bureaus' lack of coverage on products used by under-banked and near prime consumers. Clear Tradeline™'s elements help you evaluate the credit risk associated with your customers:

1. Providing a risk score and reason codes based on the consumer's inquiry and tradeline history.
2. Providing both a summary and detailed view of your consumer's trade line history.
3. Detailed real-time history of your consumer's past inquiry traffic, starting from the most recent inquiry.
4. A summary of inquiry transactions within predefined time parameters.

Clear Tradeline™ Features

• A weighted lending risk score and set of reason codes for the score being less than perfect.
• A tradeline summary providing an overview of the consumer's detailed tradeline information.
• The detail of all your consumer's reported tradeline activity presented in the industry standard METRO II format, modified to accept real-time reporting.
• A detailed list of the most recent transactions.
• A frequency/time evaluation section.