TORONTO -

DealerTrack Canada has brought in another provider to its Credit Application Network, the company revealed this week. Joining the network is TransUnion.

Now, DealerTrack Canada can offer its dealers TransUnion credit report solutions, providing these dealers with another industry credit management resource.

“The addition of TransUnion to our network brings tremendous value to our dealers by offering another option for obtaining credit report information,” stated Michael Collins, vice president and general manager of DealerTrack Canada.

“With the DealerTrack network, dealers can access credit bureaus, update deal status, check on contracts-in-transit and produce all necessary loan documentation, helping to streamline finance processes and simplifying electronic, real-time credit decisions,” Collins continued.

Derrick Breau, group vice president of TransUnion of Canada, added: “This agreement will give more Canadian dealers access to TransUnion’s family of solutions for the automotive industry through the DealerTrack Canada network.

“As a result, automotive dealers will gain a deeper understanding of potential customers’ financing needs and credit history prior to making a deal,” he concluded.