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Credit Report Solutions

700Credit is the leading provider of credit and compliance solutions for the automotive industry.  Our products and services have evolved through the years, as we continually collect feedback from our clients around the country.  Our singular focus on the automotive industry has allowed us to create solutions that are easy to use and best fit the needs of our dealer clients.

Credit Reports

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, and contains the most significant factors in the consumer’s credit file, making it easy to analyze.

This powerful tool contains many key calculations from the credit profile, giving you a picture of the consumer’s debt, monthly obligations and payment history in a single glance. The summary also includes alerts which help to easily identify important items like public records, number of collection accounts, number of derogatory accounts and more.  All 700Credit clients receive their choice of report format, score and ancillary products.

PreScreen Solutions

Our Quick Screen solution is designed to give sales personnel a better idea of the customer’s credit profile up front, so they can put the customer in the right vehicle with the right finance product, right away.  And you only need their name and address – no social security number or date of birth is needed.  This is a soft-pull solution, so there is no affect to the customer’s credit report.

Web-Based Credit Solutions

Over 90% of all consumers today use the internet to research vehicles before they walk into the dealership. We offer 2 web-based solutions that will turn your website into a powerful lead-generating machine!   Our clients have seen an increase of over 300% of qualified leads after implementing our solutions.

Our solutions include:

  • QuickApp invites consumers to fill out our short credit application before walking in to the store.  This is a hard pull solution, and provides dealers with a full credit report.
  • QuickQualify encourages consumers to enter their name and address to get pre-qualified for a loan.  This is a soft-pull solution and does not require a social security number or DOB.

Income and Employment Verification

Over 25% of borrowers inflate their stated income on car loan applications by 15% or more – leading to an increased possibility of charge-offs and delinquencies. 700Credit offers automated and immediate Income and Employment Verification solutions powered by Equifax. This service allows dealers to immediately fulfill lender income stipulations and improves the customer experience by completing the transaction quickly without interruption. There is no need for the applicant to leave the dealership for paystubs or W2’s. The majority of lenders in the industry today utilize work number data to verify income.

Auto Summary

Our Auto Summary is unique to 700Credit.  This powerful tool is positioned at the top of the report, and contains the most significant factors in the consumer’s credit file giving you a picture of the consumer’s debt, monthly obligations and payment history in a single glance. The summary also includes alerts which help to easily identify important items like public records, number of collection accounts, number of derogatory accounts and more.

Integration Partners

700Credit has partnerships and integrations with the majority of the industry’s leading Dealer Service Providers. With our products and services, dealers can fulfill their credit & compliance needs right from within your CRM or DMS of choice. Explore our partner page today to see if your providers are listed.

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