Category: Training

Web Credit Application

PREQUALIFICATION vs. PRESCREENPREQUALIFICATION vs. PRESCREEN

Prequalification:

  • Consumer initiates the prequal process by submitting a signed consumer consent prequal application
  • Subscriber receives a full-file credit report and FICO score
  • Subscriber DOES NOT provide credit score to consumer therefore is not required to deliver or mail RBPN
  • Subscriber returns a prequalified or not-prequalified response to the consumer
  • Subscriber is under no obligation to conduct business with consumer
  • Minimum required age = 18

Prescreen:

  • Prescreen process is initiated by the subscriber via mail campaign, in-house, or phone campaign
  • Subscriber provides bureau(s) approved lender based credit offer
  • “Pre-approved firm offer of credit” must accompany pre-approval offer if the applicant meets pre-determined criteria
  • Subscriber receives report summary with score or score range
  • Firm offer must be handed to consumer in person or mailed first class
  • Minimum required age = 21

American's with Disabilities Act Image

Americans with Disabilities Act (ADA) ComplianceAmericans with Disabilities Act (ADA) Compliance

If you use one of Credit Bureau Connections online web applications you may have noticed the wheelchair icon at the bottom right of the application. CBC recently implemented Americans with Disabilities Act (ADA) Compliance on all online web apps.

Wheelchair icon

The Americans with Disabilities Act (ADA) was developed in 1990 and is meant to ensure that people with disabilities have the same opportunities as anyone else. This means any businesses that serve the public must make sure their building accommodates people with disabilities of various kinds. And now that the internet is so widely used, ADA compliance also applies to websites and even mobile apps. Basically, this means that your website needs to be accessible to people who have disabilities that affect their hearing, vision, or physical capacities.

Recently, a ruling has been passed declaring the official standard of website accessibility for businesses. Title III of the ADA has mandated that all “places of public accommodation” are required by law to remove any “access barriers” that would inhibit a person with disabilities from accessing the business’ goods or services.

The ADA accessibility provided by CBC only works within the iFramed web application. You are still responsible for making the rest of your website ADA compliant. Feel free to contact CBC with any questions regarding ADA compliance.