700 Credit
Description

700Credit is the automotive industry’s leading provider of credit reports, compliance and soft pull products. The company’s product and service offerings include credit reports, prescreen and pre-qualification platforms, OFAC compliance, Red Flag solutions, MLA, Synthetic Fraud Detection, Identity Verification, score disclosure notices, adverse action notices and more. 700Credit’s goal is to provide its clients with the highest quality data in a compliant framework in the most efficient manner possible.

Year Founded

2000

Contact Name & Title

Bob Lettis
Vice President of Strategic Alliances and Business Development

Contact us

Features

Credit Reports

700Credit is the leading provider of credit and compliance solutions for the automotive industry. We offer Credit Reports from all 3 credit reporting agencies: Experian, Equifax and TransUnion.

Our Credit Reports include a credit report summary which is positioned at the top of the report containing the most significant factors in the consumer’s credit file, making it easy to analyze.

The score summary dashboard provides dealers with a single, graphical view of each of the credit bureaus and scores they pull on their customers, without having to scroll through each report for this information.

Compliance Solutions

Complying with the Fair Credit Reporting Act (FCRA) and Equal Credit Opportunity Act (ECOA) regulations is not an easy or pleasant task for any dealership. Luckily, 700Credit does the heavy lifting for you. By offering an array of products and services in a customized package for your dealership, 700Credit has the tools to help keep your dealership in compliance with every customer and transaction.

700Credit’s compliance solution includes:

  • Risk based pricing notices
  • Adverse action letters
  • OFAC checks
  • Red Flag ID
  • Synthetic ID
  • Identity verification

Soft Pull Solutions

Soft pull solutions do not require a customer’s SSN or DOB and does not affect their credit score. Soft Pulls can be integrated with many applications at your store, giving you visibility into your customer’s credit profile before you work a deal, so you can work the right deal, right away. Examples include:

  • Dealer websites
  • Digital Retailing platforms
  • DMS & CRM integration
  • Service Lane
  • Live Chat
  • In-store kiosks