FAQ
Frequently Asked Questions
Everything you need to know about RepayIQ and how it works.
RepayIQ is a secure applicant verification tool that helps businesses confirm income, review affordability, and understand repayment risk before approving an applicant.
Your business sends a secure link to the applicant. The applicant gives consent and connects financial data. RepayIQ analyzes income, cash flow, liquidity, obligations, and risk indicators. You receive a clear verification report.
RepayIQ is designed for car dealers, buy-here-pay-here dealers, condo associations, landlords, property managers, small lenders, private finance companies, and other businesses that need to verify applicant financial capacity.
No. RepayIQ includes income verification, but it also analyzes affordability, liquidity, cash-flow stress, recurring obligations, and repayment-risk indicators.
No. RepayIQ does not replace a credit report. It provides additional financial-capacity and repayment-risk insight based on permissioned financial data.
No. RepayIQ does not make final approval decisions. It provides verification data and decision-support insights so your business can make a more informed review.
The applicant opens the secure link, reviews the consent language, and connects the requested financial data source.
The report may include verified income estimates, deposit patterns, income stability, average balances, recurring obligations, liquidity indicators, requested payment affordability, fraud indicators, and a repayment-risk band.
Yes. Applicants must authorize the data connection before RepayIQ can generate a report.
Yes. Auto dealers can use RepayIQ to review income, affordability, and repayment-risk indicators before submitting financing applications or structuring payment terms.
Yes. Condo associations, landlords, and property managers can use RepayIQ to review income, affordability, and financial-capacity indicators before making application decisions.
RepayIQ reduces reliance on documents by using permissioned financial data. Instead of only reviewing uploaded documents, RepayIQ analyzes real income deposits and cash-flow behavior.
The RepayIQ engine analyzes income predictability, liquidity, spending volatility, cash-flow stress, and repayment-risk behavior to help estimate whether an applicant can sustain a requested payment.
RepayIQ offers a One-Time Business plan at $69 per report with no subscription — dashboard access is included free. Monthly plans start at $99/mo (Starter, 3 reports included), $299/mo (Professional, 15 included), and $899/mo (Growth, 50 included). Enterprise pricing is available for high-volume or API use cases.
Yes. Growth and Enterprise plans include team management — invite team members by email, assign admin or staff roles, and organize by location or branch. Each member gets their own login.