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 MyApproval, so dealers can pull credit reports and receive the following information with every report pulled:

• All 700Credit clients receive their choice of credit report format and score.
• Identity Verification/Red Flag 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.

Integration Overview

700Credit has announced product integration with the MyApproval digital retail platform. The new alliance integrates our prequalification platform seamlessly into the digital retailing process, offering consumers an opportunity to get prequalified at the beginning of the sales process.

Introduction to Prequalification

• The 700Credit soft pull prequalification solution is a web-based lead generation platform that does not require a consumer’s SSN or DOB and has no effect on their credit file.
• Presented with a simple lead form, consumers can quickly get prequalified for a vehicle while going through the MyApproval digital retailing process.
• Dealers receive a FICO score and full credit file making it easy to estimate payments and understand what the consumer is qualified for before the first phone call.
• Our QuickMobile app makes it easy and convenient for dealers to receive and respond to customers who have run through the prequalification process.