While there's been recent improvement in the nation's unemployment rate, layoffs don't seem to be slowing down, according to Marianne Wanamaker, a labor economist at the University of Tennessee, Knoxville. This could mean your customers are experiencing a financial change you don't know about yet.
Strengthen your existing insights by knowing any recent changes in your customers' employment and income through The Work Number Portfolio Review service.
With The Work Number Portfolio Reviews, you’re in charge. You choose from the selection of data elements consistent with your service levels and can monitor that data at the frequency you choose.
How it works:
Employment: When a change happens in employment status or if there is a new employer record for the SSN, it will be treated as new employment, and you'll be notified.
Income: When the rate of pay increase or decrease is over 10%, you will be notified. Frequency: You choose the evaluation frequency of notifications:
Portfolio Review: Single Batch You send a file to review according to your schedule (i.e. one-time, quarterly, semi-annual or annual)
Leveraging verification data from The Work Number Portfolio Reviews helps you make informed decisions to identify opportunities and mitigate credit risk. Contact us to discuss how to stay abreast of employment and income changes for your customers through The Work Number Portfolio Reviews.