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.
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,
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,
To See a sample Vendor Report, click
To See a Sample Lessee Report, click
Copyright(c) 2007 Lease Police, Inc. All rights reserved.