Case Study: Flexcar increases loan approvals and reduces bad outcomes with Method

Expanded Eligibility for Flexible Car Leases

Flexcar, an auto lender offering flexible car leases, needed to improve its underwriting process to approve more applicants while still effectively managing its risk. Their challenge was obtaining a complete and accurate view of a potential borrower's debt profile, including loans and negative outcomes like repossessions, to make better eligibility decisions. They partnered with Method and used its Connect and Data products to address this.

Method provided the solution by giving Flexcar frictionless, real-time access to a consumer's complete liability data from over 15,000 financial institutions with a single authentication. This enriched data allowed Flexcar to more accurately assess financial health and "rescue" creditworthy applicants who would have otherwise been denied. The partnership with Method resulted in a 14% increase in loan approval rates and a 20% reduction in bad outcomes, enabling Flexcar to grow sustainably.

Flexcar

Michael Zambrano

VP of Risk