Aclaró’s Nexus Score helps auto lenders calculate a risk factor for their borrowers. Nexus integrates with approximately 10,000 banks in the United States, allowing you to view a borrower’s income and spending behaviors.
Obtaining this granular look at a borrower’s health can help a lender spot risk and find opportunities for new loans. They can, in other words, stay ahead of the curve, whether the borrower has great or poor financial health.
With this information in mind, lenders can identify good “leads” in their portfolio that can be converted into repeat customers. Nexus Score is available in English and Spanish.