NIADA Vendor Guide
Serving Quality Independent Automobile Dealers Since 1946

700Credit LLC


About

700Credit focuses on delivering the most robust, bureau-inclusive credit, compliance, prescreen and consumer pre-qualification solutions on the market today.

We offer credit reports from the Big 3: Experian, Equifax at TransUnion. Our volumes enable us to offer credit reports and very competitive prices. Our compliance solutions are best-in-class and are designed to keep our dealers in compliance seamlessly with every transaction. We offer OFAC compliance, Red Flag solutions, score disclosure notices, adverse action notices, Military Lending Act (MLA), Synthetic Fraud score and more.

Our soft-pull solutions are designed to provide our dealers with critical credit file information further up in the sales process - so dealers can work the right deals, right away. We offer both consumer-facing pre-qualification and dealer-facing prescreen solutions. Neither require the customer's SSN or DOB so there is no effect on the consumer’s credit file.

For more information, visit our website at:  www.700credit.com.

 

QUICK FAMILY

QUICKQUALIFY: Web-based Soft Pull Solution

Do you want more qualified leads from your dealership website? Who doesn’t!

QuickQualify is a web-based pre-qualification solution that utilizes a credit bureau soft pull which drives higher consumer engagement without requiring a SSN or DOB. QuickQualify has been proven to increase the number of leads dealers get from their website by an average of 3-4 times! Here are a few points to know about QuickQualify:

  • Provides access to your customers credit report and FICO score – before they walk into your dealership!
  • This is a soft-pull solution that does not affect the consumer’s credit score.
  • Provides the consumer’s live FICO score as well as insight into auto loans, interest rates, payments & more
  • Scores align with your finance office
  • Data can be automatically populated in your CRM, DMS, DealerTrack, RouteOne and CUDL
  • Our engaging whiteboard video drives the ease and benefits to the consumer.
  • The short form only asks for name & address – no SSN or DOB required! This is a soft-pull solution does not impact their credit score.
  • The strategic placement of banners and buttons drives consumer engagement. We work with dealers to provide our best practices for banner placement that drives the most consumer engagement.

 

QuickQualify returns the following information to the dealer:

  • Live FICO Score
  • Available Revolving Credit
  • Auto Inquiries in last 30 days
  • Summary of all the auto trade lines including:
    • Current Monthly Payments
    • Current Auto Loan Interest Rate
    • Remaining Balance / Payoff Payment History Months
    • Remaining balance on Auto Loans

With the QuickQualify solution, dealers have the option of getting a full file from Experian and/or Transunion from a QuickQualify inquiry.

  • Note: This full file can not be used to fund the deal. A separate hard pull will have to be done.

 

 

QUICKAPPLICATION: Web-based Credit Application

Generate more qualified credit leads through QuickApplication – our web-based solution that replaces the current credit application on your website. QuickApplication puts your customers in control, minimizing the number of fields they need to fill out versus a standard credit application. QuickApplication can automatically populate your CRM, DMS, DealerTrack, RouteOne or CUDL.

QuickApplication is a web-based credit application that incorporates a short video and a customizable web form to capture consumer information to determine the consumer’s credit-worthiness. QuickApplication is a web-based credit application that incorporates a short video and a customizable web form to capture consumer information to determine the consumer’s credit-worthiness.

There are 2 options available with QuickApplication:

  • Single page – simple form requests only the basic consumer information
  • Multi-page – collects consumer information across multiple pages to capture lead data in case the consumer leaves before the application is completed. Dealer receives all information captured.

QuickApplication:

  • Uses a short video to encourage customers to obtain a pre-approval in seconds from YOUR dealership!
  • Collects SSN and DOB
  • Captures Consumers authorization to access their credit file
  • Performs a hard inquiry on the credit file
  • All consumer data is available from within dealer’s personal 700Dealer.com web portal
  • Data can be automatically populated in your CRM, DMS, DealerTrack, RouteOne and CUDL

 

QUICKSCREEN – Dealer Driven Soft-Pull

Eliminate the guesswork when working a deal – with QuickScreen from 700Credit!

What if you knew your customer’s FICO score and auto credit profile as soon as they walked into your dealership – or drive in for service? What if you had a solution to prioritize inbound leads before you pick up the phone? QuickScreen is integrated with your CRM, so it is easy to access, easy to use. QuickScreen gives you visibility into your customer’s credit profile before you work a deal, so you can work the right deal, right away, saving time and preventing a potentially uncomfortable situation for your customer.

Our QuickScreen platform integrates seamlessly with most CRM and DMS platforms on the market today. When you run a QuickScreen on a customer, the following data is returned to the dealer:

  • Live FICO Score
  • Available Revolving Credit
  • Auto Inquiries last 30 days
  • Summary of Auto Trade Lines Including:
    • Current Monthly Payment
    • Current Auto Loan Interest Rate
    • Original loan term
    • # of late payments
    • Remaining Balance, Term and Estimated Payoff

QuickScreen can be used in several scenarios within your dealership:

  • To qualify and prioritize inbound and internet leads
  • To mine for opportunities within your CRM
  • To prequalify in-store and service lane customers

Connect with us:

Contact

31440 Northwestern Highway, Suite 250
Suite 250
Farmington Hills, Michigan 48334
United States of America

Features

  • National Member Benefit Program