Hitachi Capital sign three year deal with Callcredit

June 20, 2011

Hitachi Capital to use Callcredit's innovative credit risk and affordability products

Callcredit Information Group has agreed a three year deal with Hitachi Capital to provide a range of innovative credit risk, affordability and fraud products for use in the assessment of consumer credit applications.

Hitachi Capital’s Consumer Finance division, who provide retail finance solutions to a wide range of well known high street retailers and online e-tailers, will use Callcredit’s unique and widely-respected over-indebtedness tool, The Affordability Check. This will aid Hitachi Capital to gain a greater understanding of whether an applicant is already reaching the limits of their affordability, as well as indicating salary accuracy and summary bureau data.

Callcredit will also provide anti-money-laundering checks to protect retailers against fraud and comprehensive credit data for utilisation in risk assessments.

Andrew Davies, head of risk at Hitachi Capital, said: “We pride ourselves on delivering excellent customer service and innovative products and we’re delighted to be working with Callcredit who share the same values and whose unique products will help to enhance our customer service even further.”

Graham Lund, managing director of Callcredit, said: “We are delighted to be able to help Hitachi Capital deliver successful finance products for their retail clients. We have worked hard to develop a suite of robust and industry-leading products and we’re thrilled that Hitachi Capital recognises the real value our products can add. We look forward to a long and fruitful partnership.”

For more information contact:
Duncan Bowker
PR Manager Callcredit Information Group
Tel: 0113 388 4300
Mobile: 07557 263 660
E-mail: duncan.bowker@callcreditgroup.com
Or
Katie Neasham
Press Officer Callcredit Information Group
Tel: 0113 388 4300
Mobile: 07802 799 501
E-mail: katie.neasham@callcreditgroup.com

About Callcredit Information Group - www.callcredit.co.uk

Callcredit Information Group’s leading approach to deploying consumer information brings together experts across the fields of credit referencing, marketing services, interactive solutions and consultative analytics to provide clients with a range of innovative and effective products to discover new customers and to engage with current customers to optimise and increase profitability.

Products include award-winning fraud verification tools and database solutions to positively verify consumers, global operations to help expand businesses into new markets, digital solutions to improve the overall journey consumers make during interaction with a brand, customer handling to ensure consumer satisfaction at all levels and consumer marketing data and segmentation to improve understanding and targeting of customers and prospects.

Callcredit also offers products for their clients to assess a customer’s credit risk and affordability and their experts in collections and recoveries provide tailored debt recovery and tracing tools.  Their market analysis and network planning function helps organisations develop profitable retail networks, and their tools in multi bureau, analytics and metrics work to provide fully assessed bureau data.

For further information on Hitachi Capital:
Please contact Tom Hemingway at Hatch Communications on 01943 855630 or email tomhemingway@hatchpr.co.uk

Notes to editor
Founded in 1982 Hitachi Capital Consumer Finance, part of Hitachi Capital, is the leader in providing innovative in store and web-based point of sale finance solutions to the UK retail sector. Hitachi Capital Consumer Finance is part of Hitachi Capital UK (PLC), which in turn is part of Hitachi Ltd, one of the most respected companies trading in the world today. Additional information about Hitachi Capital Consumer Finance is available at: www.hitachicapital.co.uk