Going Digital: Benefits of Digital Income

Market Trends

In the world we live in today, we all expect a fast, efficient, and overall seamless experience. So why is accessing credit, particularly in the automotive industry, so rigid and challenging?

Modern systems and innovation have been limited the possibility to enhance the credit and car buying process. Finally, Quantifi Lending (“QLI”) is leading the change.

Through innovative partnerships with companies like Credit App, QLI is making the auto financing experience more seamless for borrowers.

Consumer Benefits Of Digital Bank Statements

Savings:

At time when if feels like your information via social media or phone tracking is being used without your consent to sell you more product, using your bank information is an opportunity to change of your information and save you potentially thousands of dollars!

Using bank information to verify your income increases the time, speed and accuracy of information which enables lenders to offer lower interest rates.

On a 20,000 loan for example, 3% savings in interest would equate to almost $2,000 in interest savings on a 5-year vehicle term!  

Time:

If a car buying experience feels like it can take weeks, it is because IT DOES!

Often the time to gather paystubs, bank statements, tax returns and be laborious and frustrating. QLI enables to you connect your bank account and securely provide digital bank statements in a manner of minutes from the comfort of you’re your home.

No Credit

If you have no available credit, using your transaction history may present an opportunity to borrow. A credit score is limited by the real time nature of reporting and exclusion of big payment items like Rent, General Insurance or Auto Insurance and Utility Payments. Demonstrating good payment history in your life should not go unrecognized, which is why QLI goes further to understand your full financial picture.

Security

At QLI, data security is a top priority. QLI maintains the highest level of data security through adherence to SOC II  standards. SOC II is considered the gold standard in data security, assessing an organization's controls and processes to ensure the security, availability, processing integrity, confidentiality, and privacy of data. Our commitment to SOC II demonstrates our dedication to safeguarding sensitive information and providing a secure environment for our clients' data.