For dealerships, lenders and rental communities
When you have to say no, give your customer a next step.
Some applications come back declined because of a mistake on the customer's credit report. ClaroCredit gives your customer a free way to have their report reviewed by a consumer-protection attorney. If an error is found and corrected, that customer can apply again with an accurate report.
- Free for you, and a free review for your customer
- Nothing to install
- You never share a credit report
How it works
How it works for your business.
Three steps, and the last one is your customer's.
Step 1: Get your kit
Your own link, QR code and printable cards. Free, with nothing to install.
Step 2: Put the card where customers will see it
The finance desk, the waiting area, a card holder at the counter.
Step 3: Your customer does the rest
They ask for their own free credit report and send it to us themselves.
Privacy and the law
You never send us a credit report.
Federal law, the Fair Credit Reporting Act, limits who may get a person's credit report and what it may be used for. So the program is built around your customer, not your files: ClaroCredit never asks you for anyone's credit report.
- No credit report, no customer list, nothing from your systems
- Your customer asks for their own report and gives their own consent
- Your customer decides whether to send it
- Free for you, and the review is free for your customer
You only put the card where customers will see it. ClaroCredit is software; every review and every decision is made by a licensed attorney.
General information, not legal advice for your business.
Who it is for
Made for businesses that run credit.
Any business that checks a customer's credit before saying yes — and sometimes has to say no.
Dealers
Car dealerships
A finance application comes back declined, or approved on worse terms.
Independent and buy-here-pay-here dealers
Your lenders turn a customer down, or ask for more money down.
RV dealers
A loan for a motorhome or a camper comes back declined.
Boat and marine dealers
A boat loan comes back declined, or priced higher.
Motorcycle and powersports dealers
Financing for a motorcycle, an ATV or a watercraft is declined.
Home and housing
Mortgage brokers
Something on a credit report stands between a buyer and a home loan.
Mortgage lenders
An application is denied, or approved on worse terms.
Apartment communities and property managers
A rental application is turned down after a credit check.
Lending
Credit unions and banks
A loan or a card application is declined.
Consumer-finance companies
A personal loan is declined, or offered at a higher price.
Debt-consolidation companies
A consolidation loan is declined because of the credit report.
Retail and services
Furniture and appliance stores with financing
Store financing is declined at the counter.
Rent-to-own stores
A customer is turned down, or asked for more up front.
Mobile-phone stores
A customer is asked for a deposit, or turned down for a plan.
Utilities
A new customer is asked for a deposit after a credit check.
Insurance agencies
A quote comes back higher because of a customer's credit.
Not for employers or staffing companies: their reports are background checks, which ClaroCredit does not read today.
What your customer sees
A next step, on their own phone.
The card opens a page made for the moment after a no: their right to a free copy of their report, in plain words, and a simple way to send it.
Free
The review costs your customer nothing, and there is no obligation.
Their own report
They ask the credit bureau for their own copy. You never handle it.
Their own choice
They decide whether to send it. Nothing happens unless they do.
Your free kit
Get your free kit.
Tell us who you are. Your kit appears right here, and our team gets your details.
- Your own link, to share anywhere
- Your QR code, as a file to download
- A counter sign and take-one cards, ready to print
In a Federal Trade Commission study of credit report accuracy, one in five consumers had an error on at least one of their three credit reports.
The same study found that five percent of consumers had errors on one of their three major credit reports that could lead to them paying more for products such as auto loans and insurance.
What does it cost?
Do I share any customer information?
What does my business get out of it?
Can I see who used my link?
A better answer than no.
Free for you, and the review is free for your customers. Your kit is ready in a minute.