FactorTrust Partners with Equifax for Enhanced Assessment of Borrowers’ Ability to Repay with LendProtect ATR

Partnership to Provide Lenders with Critical Consumer Insight

the alternative credit bureau, announces a partnership with Equifax
to provide its customers with an improved view of consumers’ ability to
repay (ATR). The collaboration blends data from the fastest-growing
alternative credit bureau with traditional credit data from the nation’s
largest credit reporting agency. As a result, lenders will have access
to the comprehensive credit profiles needed to assess an underbanked
consumer’s residual income and comply with forthcoming regulations
regarding a consumer’s ability to repay personal loans.

FactorTrust’s Ability to Repay product, LendProtect
, provides lenders, such as installment and consumer goods
financing companies, with a robust solution which accelerates their
ability to add the information and tools needed to meet the CFPB’s
anticipated ATR underwriting requirements. The flexible platform
simplifies integration of core data sets such as existing credit
obligations from FactorTrust and Equifax with validated income and
living expense data to calculate residual income, a key component of the
CFPB’s proposed rulemaking. In addition, the platform helps lenders to
manage compliance, reporting and maintain data on underwriting decisions.

“We are committed to continually improving our solutions with quality
data that helps our customers. Our partnership with Equifax not only
benefits lenders, but also borrowers,” says Greg Rable, FactorTrust CEO.
“It’s important that everyone have access to financial services when
needed, and it is important for lenders to make the most informed
decisions possible when offering loans to consumers.

LendProtect ATR will include new predictive data attributes and scores.
These components will capture borrowing capacity, debt-to-income ratio
and other measures related to a consumer’s ability to repay in order to
enable improved credit risk management. Lenders will now have more
insight into a consumer’s credit history, enabling the lender to offer
smart, profitable lending solutions with confidence.

About FactorTrust

FactorTrust, The Alternative Credit Bureau, helps lenders manage the
credit lifecycle of underbanked consumers using unique alternative
credit information not available from the Big Three bureaus, enabling
them to offer non-prime consumers the credit they deserve. Nearly 100
million U.S. adults have non-prime scores. Leveraging the company’s
credit information, lenders can more accurately predict future borrowing
behavior, credit performance and risk scoring for this growing segment.
Headquartered in Atlanta, the experienced FactorTrust team of predictive
analytics specialists, statisticians and financial industry experts has
delivered unique data and valuable insight to lenders throughout the
U.S. for nearly 10 years. For more information on the quarterly
FactorTrust Underbanked Index or the company itself, visit www.FactorTrust.com.

About Equifax

Equifax is a global leader in consumer, commercial and workforce
information solutions that provide businesses of all sizes and consumers
with insight and information they can trust. Equifax organizes and
assimilates data on more than 600 million consumers and 81 million
businesses worldwide. The company’s significant investments in
differentiated data, its expertise in advanced analytics to explore and
develop new multi-source data solutions, and its leading-edge
proprietary technology enable it to create and deliver unparalleled
customized insights that enrich both the performance of businesses and
the lives of consumers.

Headquartered in Atlanta, Equifax operates or has investments in 19
countries and is a member of Standard & Poor’s (S&P) 500(R) Index. Its
common stock is traded on the New York Stock Exchange (NYSE) under the
symbol EFX. In 2015, Forbes named Equifax one of the World’s 100 Most
Innovative companies; Bloomberg BusinessWeek nominated it as one of its
Top 50 companies; its CIO was named one of the top 100 by CIO magazine;
the company ranked 13(th) in the Fintech 100 list; and it was recognized
as a top 20 company to work for by the Atlanta Journal-Constitution and
was named a 2015 InformationWeek Elite 100 Winner. For more information,
please visit www.equifax.com.


Trevelino/Keller Communications Group
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