FAKE PAYSTUB? The Work Number ® database contains employer-provided income and employment data that is as recent as the consumer's latest paystub Which vehicle can this buyer actually afford? 47 million verifications were completed in 2014, a 32% increase from 2013 Bad rates for consumers with job tenure one year or less with auto loans <$15,000 are almost twice as likely to go delinquent as those with 10+ years of tenure* Having employer-provided income allows you to extend THE RIGHT DEAL TO THE RIGHT BUYER Over 5,000 employers contract exclusively with Equifax to provide employment and income records for their employees 27% 15% APPLICATION THE RIGHT DEAL DID YOU KNOW? CREDIT SCORE: 650 JOB TENURE: 1 MONTH CREDIT SCORE: 650 JOB TENURE: 10 YEARS SAME AMOUNT OF RISK? Clearly not! REAL PAYSTUB? PAYDATE: 12/34/15 The Work Number contains records for approximately 40% of the US credit population Increase your dealership efficiency and reduce risk by relying on Equifax for your verifications process WHAT COULD YOU DO WITH to employment and income information? INSTANT ACCESS FAKE PAYSTUBS JOB TENURE Stop wasting time PLAYING DETECTIVE when it comes to FAKE PAYSTUBS Do you know how much JOB TENURE CAN IMPACT REPAYMENT RISK? Equifax provides tenure information. approximately 27% OF APPLICANTS overstate income BY MORE THAN 15% * approximately 15% OF APPLICANTS overstate income BY 50% OR MORE * *Statistics in this infographic are based on Equifax research comparing a random ten-percent sampling from The Work Number database to traditional credit bureau reporting and veriﬁcation processes. Ninety-plus days past due performance for auto loans originated in 2011, 2012 and 2013 was examined from September 2012 to September 2013. Equifax is a registered trademark of Equifax Inc. The Work Number is a registered trademark of TALX Corporation, a wholly owned subsidiary of Equifax Inc. Copyright 2015, Equifax, Inc., Atlanta, Georgia. All rights reserved. EFX-WS-0072-11/09/2015 For more information, please email autoveriﬁ[email protected] with "Dealer Infographic" in the subject line.

Equifax Verification Services - Auto Dealer Infographic

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Page 1: Equifax Verification Services - Auto Dealer Infographic

FAKE PAYSTUB?

The Work Number® database contains employer-provided income and employment data that is as recent as the consumer's latest paystub

Which vehicle can this buyer actually afford?

47 million verifications were completed in 2014, a 32% increase from 2013

Bad rates for consumers with job tenure one year or less with auto loans <$15,000 are almost twice as likely to go delinquent as those with 10+ years of tenure*

Having employer-provided income allows you to extend THE RIGHT DEAL TO THE RIGHT BUYER

Over 5,000 employers contract exclusively with Equifax to provide employment and income records for their employees

27%

15%

APPLICATION

THE RIGHT DEAL

DID YOU KNOW?

CREDIT SCORE: 650JOB TENURE:

1 MONTH

CREDIT SCORE: 650JOB TENURE:

10 YEARS

SAME AMOUNT OF RISK?Clearly not!

REAL PAYSTUB?

PAYDATE:12/34/15

The Work Number contains records for approximately 40% of the US credit population

Increase your dealership efficiency and reduce risk by relying on Equifax for your verifications process

WHAT COULD YOU DO WITH

to employment and income information? INSTANT ACCESS

FAKE PAYSTUBS

JOB TENURE

Stop wasting time PLAYING DETECTIVE when it comes to FAKE PAYSTUBS

Do you know how much JOB TENURE CAN IMPACT REPAYMENT RISK? Equifax provides tenure information.

approximately 27% OF APPLICANTS overstate income BY MORE THAN 15%*

approximately 15% OF APPLICANTS overstate income BY 50% OR MORE*

*Statistics in this infographic are based on Equifax research comparing a random ten-percent sampling from The Work Number database to traditional credit bureau reporting and verification processes. Ninety-plus days past due performance for auto loans originated in 2011, 2012 and 2013 was examined from September 2012 to September 2013.

Equifax is a registered trademark of Equifax Inc. The Work Number is a registered trademark of TALX Corporation, a wholly owned subsidiary of Equifax Inc. Copyright 2015, Equifax, Inc., Atlanta, Georgia. All rights reserved. EFX-WS-0072-11/09/2015

For more information, please email [email protected] with "Dealer Infographic" in the subject line.