Credit and Compliance Solutions

700Credit is the largest provider of credit, compliance, and soft-pull solutions to automotive, RV, Powersports, and Marine dealers across the country and the leading authorized reseller of credit reports from Equifax, Experian, and TransUnion.

700Credit is seamlessly integrated with the DriveCentric platform so dealers can pull credit reports and receive the following information with every report pulled:

• Dealers receive their choice of credit report format and score
• Identity Verification/RedFlag platform which provides a vital service by flagging application information that on the surface may seem true, but in reality, is questionable. These warning messages focus on high-risk applicants,  social security numbers, and addresses.
• Tabs for each credit report pulled, and Risk-Based Pricing and Adverse Action notices (if applicable)
• Link to the Compliance Dashboard which enables dealers to stay on top of and manage credit reporting and compliance from one single view.

Prescreen Integration

The 700Credit QuickScreen (prescreen) platform has been seamlessly integrated with the DriveCentric CRM platform making it easy to access and easy to use in your daily workflow.  And since it is a soft-pull solution, you only need a consumer’s name and address to pull their credit score and auto summary, with no adverse effect on their credit score.  QuickScreen gives you visibility into your customer’s credit profile earlier in the sales process so you can work the right deal, right away, saving time by allowing you to quote monthly payments and interest rates sooner in the sales process.  In addition, knowing the customer’s current car payment enables your team to have more meaningful budget conversation with the client, potentially shortening the sales process, getting you to the finish line faster. QuickScreen returns the following data to the dealer:

Benefits of Prescreen Integration

• Saves time and can potentially shorten the sales cycle by enabling you to work the right deal sooner in the sales process with the proper interest rate and a payment the customer can afford before a hard pull is done
• Customers can know what they can qualify before they get to the finance office, preventing a potentially uncomfortable situation or loss of interest
• Helps to prioritize leads from all inbound sources by identifying your best opportunities based on credit profile
• Identify opportunities to upsell in the service lane
• Improves closing ratios
• Helps hold deal gross