Powersports Auction, a consumer-facing online auction platform, is scouting for strategic lender partners for its current online and soon-to-launch onsite auctions, Founder James Scaggs told Powersports Finance.
“We are working on an Experian API integration where we can do instant pre-qualification for customers,” he said. “Based on that criteria, we would like to suggest a specific lender to match up with buyer based on credit-worthiness. We would do all that with a soft credit pull.”
Experian API provides companies the ability to embed credit functionality on their websites and mobile apps, which allows the company “to create products and services for previously unreachable markets,” according to Experian’s website.
