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What is teletrack?


Teletrack is a specialty consumer reporting system developed and marketed by CoreLogic, a California based company. They collect and provide consumer credit data to various payday loan companies, installment loan lenders, rent purchase companies and other related consumer finance businesses.


CoreLogic Teletrack also provides services to debt buyers, collection agencies, banks and credit unions in the form of identity verification, skip tracing and risk assessment.


What do consumers have to say about Teletrack?

Many consumers are unaware that Teletrack collects consumer credit information and publishes credit reports. Reputable lending institutions are not known to use or report to Teletrack. In most cases, payday lenders, both legal and illegal as well as smaller credit unions and lenders resort to using Teletrack reports for assessing risk.


  • Lacks credibility – Teletrack is not regarded as highly as the much larger credit reporting agencies like Equifax and Transunion. Auto financers, mortgage lenders and even banks do not use or depend on Teletrack reports to make lending decisions.
  • Used by illegal lenders – Although Teletrack was once considered an important tool, reputed payday lenders like Ace Cash Express and Advance America do not use or report to them anymore. Most consumers say that illegal payday lenders usually report to and use Teletrack.
  • Reports only on subprime credit – Unlike Experian, Transunion and Equifax, Teletrack is used almost exclusively by subprime lenders like furniture stores offering finance options, cable and telecom companies.

If you wish to contact CoreLogic to obtain a copy of your Teletrack report or file a dispute with them, you can use the following contact information:


CoreLogic Corporate Headquarters
40 Pacifica, Suite 900
Irvine, CA 92618
Toll-Free: (800) 426-1466/(866) 873-3651
Local: (714) 250-6400

Unregistered

I have/had this illegal payday loan. I revoked ach, which they have honored. I owe around $200 from the original principal that I am willing to pay (when I can in about a month). I got an email from them saying they are giving me 3 days to pay or contact them to make arrangements....but, they say that I owe $438 and they are offering me a one time settlement amount of $557? How is the settlement more than what I owe? Anyways, they said that if I don't pay it will be on my credit report and teletrack for 7 years. Can an illegal (Malta) pdl do that? What is a teletrack anyway?




beli2005
Posts: 882
Credits: 5668.05

Sub: #1 if they at all report you to either one you can disput it.Te
Thu, 02/05/2009 - 12:17

if they at all report you to either one you can disput it.


Teletrack is what legal pdl and some rent to own places use to run a check on you. http://www.teletrack. com/consumers/faq.html





nohiogal

Posts: 2584
Credits: 11799.75

Sub: #2 No an illegal company can not do that.What is the name of th
Thu, 02/05/2009 - 12:18

No an illegal company can not do that.


What is the name of the payday company?


Teletrack is one of the credit reporting agencies.


To infinity, and beyond




1susan1111
Posts: 46
Credits: 784.55

Sub: #3 I find that funny that your settlement offer is more than what y
Thu, 02/05/2009 - 12:19

I find that funny that your settlement offer is more than what you owe? Sounds like they are trying to pull one over on you. Does teletract affect the ability to write checks? If not, I wouldn't worry too much. I would dispute anything they put on any report.





Unregistered

Sub: #4 It is discount advances
Thu, 02/05/2009 - 12:20

It is discount advances





nohiogal

Posts: 2584
Credits: 11799.75

Sub: #5 They are illegal and can not report to teletrack. They are lying
Thu, 02/05/2009 - 12:47

They are illegal and can not report to teletrack. They are lying to you.


Go here and learn more on how to deal with illegal lenders.


If you have more questions feel free to ask.


To infinity, and beyond




Unregistered

Sub: #6 Teletrack IS NOT a credit reporting agency. It is an agency that
Thu, 02/05/2009 - 14:19

Teletrack IS NOT a credit reporting agency. It is an agency that pdls and places like rent a center use.It means only that other PDLs will see that you did not pay a loan and will not loan to you. IT is a joke. Please do not think it is a credit reporting agency it is nothing.





Unregistered

Sub: #7 OF COURSE a Pdl can report you to teletrack. That is what they
Thu, 02/05/2009 - 14:22

OF COURSE a Pdl can report you to teletrack. That is what they do. Teletrack is a nothing . It will only (if at all) prevent you from getting another loan, but usually it is ignored.





hsanidad08
Posts: 52
Credits: 1983.3

Sub: #8 [color=Green][font=Georgia]there are some pdls that dont do tele
Thu, 02/05/2009 - 16:11

[color=Green]there are some pdls that dont do teletrack, but which ones that doesnt do them?? i know mostly uses teletrack but for sure there are some out there that doesnt use teletrack. but how can we tell if that pdl company uses teletrack or not?? i have so many loans but ace still approved me. i guess they dont do teletrack. [/color]


CrisaLin*




nohiogal

Posts: 2584
Credits: 11799.75

Sub: #9 I apoligize for being wrong about teletrack. I was thinking of T
Fri, 02/06/2009 - 02:23

I apoligize for being wrong about teletrack. I was thinking of TransUnion.


To infinity, and beyond




kfstaff24

Posts: 1450
Credits: 8892.45

Sub: #10 Teletrack is a joke!!!!! Every illegal pdl reports to them. Th
Fri, 02/06/2009 - 06:25

Teletrack is a joke!!!!! Every illegal pdl reports to them. They have no credability in my eyes.


PDL Free is Me........I am crossing that finish line and I am not looking back




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