Clarity Services, Inc. Introduces its Newest Product, Clear Ability to Pay

    CLEARWATER, FL, June 18, 2015 /24-7PressRelease/ -- Clarity Services, Inc., the leading real-time subprime credit bureau providing fraud detection and credit risk management solutions for Middle America just released its newest product, Clear Ability to Pay, which allows lenders to not only gain instant access to alternative data but review a consumer's debt obligations and help them determine an applicant's ability to repay.

By combining Clarity's proprietary data with traditional credit bureau data, Clear Ability to Pay is a comprehensive and unique report intended to help lenders better understand the financial situation of their applicants. Some of the report's beneficial information includes, reported income, housing, employment, and estimated cash flow - just to name a few. With Clear Ability to Pay lenders can now confidently look into the reported financial stability of the consumer and determine if the consumer can truly take on new debt.

"We are releasing a game changer when it comes to determining a consumer's ability to pay. Clear Ability to Pay examines income and expenses and then calculates cash flow and debt-to-income ratio. Lenders can now make more informed decisions while preparing for proposed regulations," said Tim Ranney, president and CEO of Clarity Services, Inc.

With proposed regulations such as lenders being required to determine a consumer's ability to repay a covered short-term loan, Clear Ability to Pay makes meeting this requirement fast and easy. The report includes reported income, visibility into major financial obligations, borrowing history, and the unique access to both traditional and Clarity's proprietary data that includes short-term installment loans, online loans, as well as rent-to-own.

About Clarity Services, Inc.
Clarity Services, Inc. provides powerful real-time fraud detection and credit risk management solutions for the non-prime and thin/no file consumer segment. By leveraging unique data assets and scores, Clarity Services' suite of FCRA regulated reports and scores empower providers with visibility into critical consumer information not available on traditional bureau reports. For more information about Clarity Services, visit clarityservices.com.

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