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What is the Teletrack Database?

2011 April 6

TeletrackCoreLogic Teletrack, or the Teletrack Database, is a service that business can use instead of, or in addition to normal credit checks. Their database is updated in realtime with information from sources including more than 3.5 billion public documents, over 500 million transactions and 70 million mortgage applications, among others.

Their database includes more than 240 million consumer credit records representing approximately 39 million unique consumers.

Often, when applying for a payday loan, you will find lenders who do not preform credit checks, but do check the Teletrack database.  Basically, this is done to ensure that you are not a very high risk and to check for other cash advance companies that you have burned before.  It seems that with Teletrack, businesses can verify the existence of your bank accounts as well. For this reason, no teletrack payday loans are more desirable for some.

When not doing a normal credit check, payday loan companies must have some way to check your previous financial responsibility, and that is what CoreLogic Teletrack offers them.


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