Clarity Services Introduces Clear Fraud for Online Installment

Clarity Services introduces its newest solution specially designed to predict “intent not to pay” fraud for customer-not-present transactions, Clear Fraud for Online Installment. Available now, the new product offers a powerful score whose performance has shown to more accurately assess online loan application risk.

“The online installment market faces unique challenges because consumers can literally be located anywhere,” said Tim Ranney, CEO and President of Clarity Services. “We’ve augmented the [...]

Clarity Services Expands Its Suite of Tools to Protect Lenders From Default

Clarity Services announced today the release of a revolutionary credit verification tool, Clear Last Look™, which allows lenders to verify that a consumer’s credit activity has not changed in the hours between underwriting and funding.

Combined with existing products such as Clear Fraud™, Clear Bank Behavior™, and Clear Tradeline™, the new offering forms a comprehensive, end-to-end chain of solutions to safeguard lenders throughout the entire underwriting journey. Many types of [...]

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    Clarity Trends Report Presents the Evolution of the Subprime Market

Clarity Trends Report Presents the Evolution of the Subprime Market

Clarity Services, the subprime industry’s largest credit reporting agency, today announced the release of its 2017 Subprime Lending Trends report. More than just a demographics report, it offers exclusive insights into emerging consumer trends that can help lenders reach the consumer where they are.

The trends report goes beyond simply offering insight into the subprime consumer; it focuses on the broader alternative lending market. Do online or storefront customers take [...]

Military Lending Act Compliance Made Easy With Active Duty Indicator from Clarity Services

Clearwater, Fla. – Clarity Services, the leading subprime consumer credit bureau, announces the enhancement of three standard products to include a new active duty indicator to help verify the status of applicants and their dependents.

Effective October 3, 2016, lenders will be required to comply with an amendment to the Military Lending Act (MLA) concerning new terms for extending credit to service members and their families. The MLA will require [...]

Clarity Services Offers Compliance Solutions for Utah Lenders

Clearwater, Fla. – As the leading real-time credit bureau for the non-prime market, Clarity Services is prepared to offer a variety of solutions to assist online and storefront lenders with the compliance requirements found in Utah’s current regulations as well as the Deferred Deposit Lending Amendment (Utah Code § 7-23-401) that will become law on July 1, 2016.

The existing lending requirements and the Amendment apply to any lender who [...]

Protect Revenue with Enhanced Fraud Detection

Clarity Services, the leading subprime consumer credit bureau, announces their newest risk offering, Clear Identity Risk™. Part of a larger suite of services, this solution provides several layers of fraud detection to help lenders identify and avoid funding fraudulent loans.

Clear Identity Risk™ is a powerful identity verification tool, featuring the combination of multi-sourced identity verification (IDV) and email address analysis to identify transactional risk. Email account information, including origination [...]

Clarity Services and TransUnion Announce Strategic Partnership to Combat Fraud in Short-Term Installment Lending

Clarity Services, Inc. is pleased to announce that we have partnered with TransUnion to create our newest risk offering, Clear Risk Solutions™. This solution is comprised of two reports, Clear Risk Indicators™ and Clear Identity Risk™, which offers fresh, cutting-edge methods to help short term installment lenders better assess and analyze identity and fraud risk. Clear Risk Solutions™ brings together traditional and alternative data, leveraging Clarity’s knowledge of non-traditional [...]