[February 14, 2013]

FactorTrust Subsidiary, LendProtect UK, Partners with Global Credit Reference Agency to Deliver Predictive Scoring Model for Short-Term Lending Sector

FactorTrust subsidiary, LendProtect UK, the leading provider of underbanked consumer data, analytics and risk scoring solutions for consumers in the UK, announced its partnership with a leading global credit reference agency to enhance its underbanked risk score, 3D Insight. The solution, tailored for the alternative lending industry, provides a clearer more predictive view of consumers who are underserved by traditional banking channels in the UK.

LendProtect's 3D Insight score is a shift in the industry from a basic default evaluation to a more refined qualifying process looking at credit risk, loan conversion, and profitability. Short-term lenders will now have access to comprehensive traditional credit reference data like a consumer's credit history, bank account activity and payment history on trade lines such as credit cards, mortgages, auto loans, cell phones and utilities.

"The short-term lending sector is growing significantly in the UK and plays a vital role for those individuals who are unable or unwilling to use traditional banking services for those borrowing needs," said Greg Rable, CEO of LendProtect parent, FactorTrust. "It is vital that lenders in this sector extend credit responsibly and effectively. This partnership reinforces the value of combining industry leading alternative credit data with predictive traditional credit bureau attributes to bring greater understanding to short-term lenders of a consumer's ability and willingness to pay."

About FactorTrust

FactorTrust has compiled the most comprehensive data on the underbanked market in the industry through lending portfolios that report data daily, in real time. This daily loan performance data on millions of underbanked consumers is analyzed and combined with leading third-party data attributes in order to provide instant lending decisions using the company's comprehensive scoring platform. Lenders are continually faced with the challenge of how to effectively and intelligently manage risk to capitalize on this segment. This analysis uses data not typically reported to the credit bureaus, and is invaluable in helping consumers have access to better borrowing options, while also providing a more accurate assessment of the consumer for lenders. For more information, please visit www.factortrust.com or contact FactorTrust at 1-866-910-8494.

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