What is the purpose of the 'Risk Check' feature available to Budget rental locations?

According to Budget's 2025 Franchise Disclosure Document, the 'Risk Check' feature enables a Budget rental location to verify a customer's credit against credit files without needing to create a rental agreement. This check can be performed using the customer's name or credit card number.

This feature is beneficial for Budget franchisees as it allows them to assess the creditworthiness of potential customers before committing to a rental agreement. By checking against credit files, the franchisee can identify high-risk customers who may be more likely to default on payments or cause damage to the rental vehicle. This helps in mitigating potential financial losses.

By using the 'Risk Check' feature, Budget franchisees can make informed decisions about who they rent to, reducing the likelihood of dealing with problematic customers. This proactive approach to risk management can contribute to a more stable and profitable business operation. It also aligns with standard practices in the rental industry, where assessing customer risk is a common strategy for protecting assets and ensuring payment.