Unlock Untapped Revenue with Strategic Credit Line Increases

What if you could unlock more revenue and build a stronger, top-of-wallet relationship with your existing customers? It's simpler than you think.

The Work Number from Equifax provides access to comprehensive employment and income data, straight from the source, so you can gain a clearer view of your borrowers’ financial capacity.

Truly Understanding Consumer Finances Has Never Been More Important

52%

Equifax data shows that as many as 52% of loan applicants misrepresent their income by 20% or more,1 potentially to increase likelihood of approval.

Applicants who overstated income information on loan and credit applications were more likely to be 60 days or more past due2 on monthly payments.

High inflation and fluctuating job markets have amplified the need for a deeper understanding of borrower affordability.

Customer expectations are constantly evolving, demanding faster, convenient and highly personalized experiences.

The Work Number Data Helps Turn Credit Line Increases Into A Strategic Growth Lever:

Better Informed And Inclusive Decisions

Gain a comprehensive view of borrower financial health, beyond traditional credit scores or self-reported income, which could be stale or under/overstated.

Help Reduce Risk, Grow Revenue

Expand your data points to assess creditworthiness so you can confidently extend the right credit at the right time. 

Enhance Customer Experiences

Proactively engage your customers with highly personalized offers and demonstrate your commitment to supporting their financial journeys.
BY THE NUMBERS

4.6M

Nearly 4.6 million employers contribute employment and income data, directly or through payroll providers, to The Work Number database.

767M+

The Work Number database offers credentialed verifiers access to more than 767 million records for verifications of income and employment.

149M

The Work Number service fulfilled 149 million verification requests on behalf of consumers in 2024.
Article Cards Eyebrow

Using Alternative Data to Help Automate Decisioning

In today's fast-paced digital world, borrowers expect quick and convenient decisions. Manual reviews and reliance on self-reported data can lead to delays, inaccuracies, and missed opportunities.

Providing Value Throughout the Credit Card Lending Lifecycle

Credit unions and banks know first impressions matter with your members. Making fast yet informed lending decisions from application and throughout the credit card lending lifecycle can help you build rapport from the beginning and help lay the groundwork for a beneficial relationship between you and your members.

Beyond Origination: Maximize Your Portfolio Value with Real-Time Insights

In today's economic landscape, marked by inflation and the rising cost of living, some consumers may turn to loans to bridge income gaps. This poses a dilemma for lenders: how to fulfill the growing demand for loans while simultaneously mitigating the risk of non-repayment

Ready to connect?

We’ll show you how you can leverage data from The Work Number to help make CLIs an integral part of your 
growth strategy.

Why Choose the Work Number?

Approve More Loans, Faster

Help have a clearer view of applicants’ creditworthiness and ability to pay. Auto lenders who leverage The Work Number see a 48% higher likelihood of closing.*

Enhance Customer Experiences

Provide the immediacy and convenience consumers have come to expect through a seamless and hassle-free automated process.

Improved Loan Performance

Gain a comprehensive understanding of borrower repayment ability, potentially reducing delinquencies and optimizing portfolio health. 

Integrated auto lenders who use instant income and employment data have observed a 2.45x increase in conversion rates across all credit bands. (A 2022 Equifax study compared auto lenders who competed on 100K or more auto loan applications per month.)
WHY CHOOSE THE WORK NUMBER?

Approve More Loans, Faster

Help have a clearer view of applicants’ creditworthiness and ability to pay. Auto lenders who leverage The Work Number see a 48% higher likelihood of closing.*

Enhance Customer Experiences

Provide the immediacy and convenience consumers have come to expect through a seamless and hassle-free automated process.

Improved Loan Performance

Gain a comprehensive understanding of borrower repayment ability, potentially reducing delinquencies and optimizing portfolio health. 
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Our Solutions
Income and Employment Verification
Access income and employment information instantly to verify applicant-provided data.
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Address Verification
Empower your loan decisions with instant, reliable address verifications.
Identity Verification
Confirm whether an applicant-provided name and social security number matches a record on The Work Number database to quickly validate an applicant’s identity.
VIEW PRODUCT DETAILS

1 Equifax Data & Analytics, 2023
2 Equifax Data & Analytics, 2023