Consumer Finance relate to a set of broker tools for unsecured personal loans, secured personal loans and consumer finance origination in Salestrekker.
Accreditations
To use Consumer Finance, accredited users will need to set up the following accreditations:
Personal loans (both secured and unsecured personal loans)
Consumer asset finance
If the lender isn't available in your accreditation list, check with your aggregator if they have an agreement in place. If it is, contact help desk to assist your set up.
Other settings
In organisational Settings/Broker tools section, Consumer finance tools need to be switched on.
There are further settings in the same tab:
Secured vs Unsecured
Consumer Finance tools support both secured or unsecured loans.
For secured loans, (i.e. to add Asset to be financed), ensure that "Is unsecured" toggle it is switched off the asset tab:
In the Products tab, users need to select one of three product options prior to selecting lenders.
Product Search
Information in the Lender and product tab will be pre-populated with the data inputed in the Client profile and Asset to be finance sections, as follows;
Note that if the credit report is completed an actual credit score will be displayed. Otherwise, to avoid a '0' credit score, we have defaulted to the credit score of 999.
To search product select one of three options under product type dropdown and select all lenders (lenders vary depending on the product type.
To compare different product types, repeat the selection of product type from the dropdown and lender panel selection via a checkbox. For example, a vehicle purchase can have a comparison of unsecured personal loan, secured personal loan and consumer asset finance in the same scenario.
