POWAY, Calif. — First Advantage CREDCO LLC, a provider of specialty credit reports to the automotive industry, announced Monday the integration of its credit-based information solutions with Finance Express, a provider of Web-based financial services and technology for independent auto dealerships.
Under the new agreement, First Advantage CREDCO will deliver credit reports, identity verification tools and compliance solutions conveniently through the Finance Express platform.
The partnership, effective Feb. 1 of this year, means that participating automotive dealers can now quickly and conveniently access consumer credit reports, as well as compliance tools to help them comply with regulations for OFAC screening and the new Red Flags Rule.
“Our integration with First Advantage CREDCO further expands the features and functionality of the Finance Express platform, enabling auto dealers to make sound credit decisions, fast,” said Dave Huber, president of Finance Express. “We are happy to be partnered with a best-of-class credit information solutions provider. This important relationship enables our mutual customers to focus on their core business.”
First Advantage CREDCO’s Red Flag Solution, a comprehensive offering of credit reporting services, identity verification, OFAC screening and reporting tools, is designed to help dealers comply with the new Red Flags Rule, which requires them to establish and maintain an identity theft prevention program by May 1 of this year.
“As a new dealer who recently signed up with Finance Express, we are truly enjoying the ease of the integrated program between Finance Express and First Advantage CREDCO,” said Tom Walsh, manager of A & A Auto Sales in South Point, Ohio. “The system keeps all of our information right where we need it, when we need it.”
First Advantage CREDCO is integrated with more than 50 dealer sales and finance platforms for automotive, marine and RV dealerships throughout the U.S. Dealerships interested in signing up with First Advantage CREDCO can visit www.financeexpress.com or www.CREDCOservices.com/signup/FinanceExpress, or call 866.491.4261.