Products

Industries

Use Cases

Resources

AI Lab

Talk to an Expert

Book a Demo

Use Case > Prequal

Understand Customer Fit Before the Application Begins.

Spinwheel helps financial institutions evaluate consumer eligibility using real-time insight into existing obligations, balances, borrowing costs, and financial position — all powered by a phone number and date of birth.

Book a Demo

Talk to Sales

Use Case > Prequal

Understand Customer Fit Before the Application Begins.

Book a Demo

Talk to Sales

Better Prequalification Decisions Start with Better Consumer Credit Data.

Problem

Prequalification Decisions Are Only as Good as the Data Behind Them.

Guesswork is not the best way to evaluate eligibility before a consumer begins an application.

Without visibility into a consumer's financial position and liabilities, prequalification decisions rely on limited information, self-reported data, or incomplete financial context. This leads to lower conversion, less efficient acquisition, and weaker downstream outcomes.

Problem: Self-reported prequalification cards for annual income, employment status, credit score, and existing debt, with an estimated debt-to-income ratio of about 38% calculated from self-reported data

Problem

Prequalification Decisions Are Only as Good as the Data Behind Them.

Guesswork is not the best way to evaluate eligibility before a consumer begins an application.

Solution

Evaluate Customer Eligibility Using Real Credit Data.

Access a real-time view of a consumer's existing obligations, balances, borrowing costs, and financial position before applications begin — enabling more informed prequalification decisions and better aligned opportunities that meet consumer needs and business objectives.

The result is higher-quality applications, stronger conversion, and better consumer outcomes.

Solution

Evaluate Customer Eligibility Using Real Credit Data.

The result is higher-quality applications, stronger conversion, and better consumer outcomes.

The Spinwheel Difference.

Increased Conversion.

Help consumers move forward with products that align with their needs and financial position.

20%+

increase in conversion rates

Better Consumer Experiences.

Surface relevant opportunities earlier in a consumer’s journey to build greater consumer confidence.

Improved Prequalification Accuracy.

Make more informed eligibility decisions before applications begin.

65%

average rate of qualified leads to approved applications

Improved Portfolio Quality.

Drive stronger downstream performance through better prequalification decisions.

The Spinwheel Difference.

Increased Conversion.

Help consumers move forward with products that align with their needs and financial position.

20%+

increase in conversion rates

Better Consumer Experiences.

Surface relevant opportunities earlier in a consumer’s journey to build greater consumer confidence.

Improved Prequalification Accuracy.

Make more informed eligibility decisions before applications begin.

65%

average rate of qualified leads to approved applications

Improved Portfolio Quality.

Drive stronger downstream performance through better prequalification decisions.

The Spinwheel Difference.

Increased Conversion.

Help consumers move forward with products that align with their needs and financial position.

20%+

increase in conversion rates

Improved Prequalification Accuracy.

Make more informed eligibility decisions before applications begin.

65%

average rate of qualified leads to approved applications

Better Consumer Experiences.

Surface relevant opportunities earlier in a consumer’s journey to build greater consumer confidence.

Improved Portfolio Quality.

Drive stronger downstream performance through better prequalification decisions.

Common Solutions.

App showing total debt of $187,014.36 with a credit score gauge at 724, debt-to-income of 45%, and a pre-approved $10,000 personal loan offer from Beacon

Eligibility Assessment.

Evaluate consumer fit before application and underwriting workflows begin.

Balance Transfer Qualification.

Debt Consolidation Opportunities.

Refinance Identification.

Personalized Offer Delivery.

Common Solutions.

Eligibility Assessment.

Evaluate consumer fit before application and underwriting workflows begin.

Balance Transfer Qualification.

Debt Consolidation Opportunities.

Refinance Identification.

Personalized Offer Delivery.

Common Solutions.

Eligibility Assessment.

Evaluate consumer fit before application and underwriting workflows begin.

Balance Transfer Qualification.

Debt Consolidation Opportunities.

Refinance Identification.

Personalized Offer Delivery.

What’s Next? → Apply

Smarter Insights into Prequalified Consumers Drive Better Application Flows.

Once eligibility has been evaluated, the next step is creating a fast, frictionless application experience.

Explore Apply

Powering the Full Consumer Credit Lifecycle.

Circular lending lifecycle diagram with eight stages around Spinwheel: Segment, Verify, Prequal, Apply, Approve, Disburse, Manage, and Pay, with the Prequal and Apply stages highlighted

What’s Next? → Apply

Smarter Insights into Prequalified Consumers Drive Better Application Flows.

Once eligibility has been evaluated, the next step is creating a fast, frictionless application experience.

Explore Apply

Powering the Full Consumer Credit Lifecycle.

What’s Next? → Apply

Smarter Insights into Prequalified Consumers Drive Better Application Flows.

Once eligibility has been evaluated, the next step is creating a fast, frictionless application experience.

Explore Apply

Powering the Full Consumer Credit Lifecycle.

Make Better Prequalification Decisions.

Use real-time consumer credit data to evaluate eligibility, improve conversion, and create better consumer outcomes.

Book a Demo

Make Better Prequalification Decisions.

Use real-time consumer credit data to evaluate eligibility, improve conversion, and create better consumer outcomes.

Book a Demo

Make Better Prequalification Decisions.

Use real-time consumer credit data to evaluate eligibility, improve conversion, and create better consumer outcomes.

Book a Demo

Products

Support

Consumer Support Center

Products

Support

Consumer Support Center

Products

Support

Consumer Support Center