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How LeasePolice.com Can Prevent Losses

Spot UnProfitable Vendors

Have you ever noticed that some vendors maintain higher losses than others?  Have you ever had a suspicious early default?  You may have been a victim of a vendor "laying off" a past due invoice.  An "invoice layoff" is where the vendor converts his past due internal accounts into a lease to avoid taking a bad debt on his own books. LeasePolice.com is the industry's first database to collect and identify "early terminations" by vendor.  Now vendor with high incidences of defaults are easily identified.  

Spot UnProfitable Lessees

LeasePolice.com maintains a database of Lessees that have defaulted on previous leases.  Users can utilize this information to avoid these lessees.  Additionally, users can easily identify lessees that are involved in too many lease requests and thus are a higher risk borrower.  Recent inquiries by funders and brokers are easily reviewed by users without divulging the identity of those that inquired previously.

Spot Potential Fraudulent Vendors

LeasePolice.com users can spot fraudulent vendors several different ways using the online system.  Vendors with high incidences of early terminations (defaults due to non-payment), excessive recent inquiries, and suspicious activity warnings can help you identify potential fraudulent situations.  The LeasePolice.com system also gives every user the ability to post "suspicious activity" alerts that will be listed systemwide (if confirmed by Lease Police, Inc.).

Spot Potential Fraudulent Lessees

Lessees with excessive recent inquiries, prior submittal of fraudulent financial information with another user, and suspicious activity warnings can help you identify potential fraudulent behavior by lessees.  The LeasePolice.com system also gives every user the ability to post "suspicious activity" alerts that will be listed systemwide (if confirmed by Lease Police, Inc.).

To See a sample Vendor Report, click here.

To See a Sample Lessee Report, click here.

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