Skokie, IL June 23, 2004 PayNet announces the release of its new Transportation Score which is likely to revolutionize both Class 8 and medium-duty truck and trailer lending. Developed jointly by some of the top modeling mathematicians in the world, working with experienced truck lending professionals, and using the largest data pool of transportation loans and leases ever complied, this new score is not only empirically derived and statistically sound, but also a true credit professional’s score, looking at the factors and issues that experienced lenders know drive performance in the real world.

This score incorporates other attributes beyond traditional delinquency data. For example, the score distinguishes between owner-operators and fleets and it makes a distinction between private fleets and for-hire fleets. Even further, just for example, the score knows that public utilities are less of a risk than food wholesalers, and that these, in turn, are less of a risk than debris haulers. The score also takes into account what type of equipment the applicant uses and in what proportion, as medium-duty and Class 8 operations have very different risk profiles. In addition the score considers applicant time in business and business size, as well as trends, both in originations (looking for rapid expansion) and in delinquency, considering delinquency now, delinquency recently, and delinquency ever.

"Not surprisingly, this model’s performance statistics outperform those of commercial scores that don’t focus specifically on transportation equipment because it is tailored to the unique needs of transportation lenders" says Bill Phelan of PayNet. But rather than relying on the overall statistics, PayNet invites any qualified potential user of the score to request a free retro/historical analysis of how well the Transportation Score actually performs on your own portfolio. Put facts to work in your truck lending business. Reduce your losses, approve more deals, approve them faster and be the first lender back with an approval, so you get to book the business.

For additional information including score statistics, a custom retro analysis, or trail access contact Tom Ware at 866-825-3400 or tware@paynetonline.com