August 17, 2017 2:29 PM ET

Professional Services

Company Overview of 700Credit, LLC

Company Overview

700Credit, LLC, a credit reporting agency, provides credit reporting and compliance solutions to automotive dealerships in the United States. The company offers compliance solutions, red flag alerts, lead generation, OFAC terrorist, fraud detection, adverse action, and other services. Its services are available through a browser-based application that gives clients the ability to order and receive credit reports electronically through the Internet; and XML formats. The company was founded in 2000 and is based in Southfield, Michigan.

27777 Franklin Road

Suite 1850

Southfield, MI 48034

United States

Founded in 2000

Phone:

866-273-3848

Fax:

800-494-7020

Key Executives for 700Credit, LLC

Managing Director
Vice-President of Sales
Compensation as of Fiscal Year 2017.

700Credit, LLC Key Developments

700Credit, LLC, to Partner with FactorTrust to Provide Access to Predictive Alternative Data Sources

700Credit LLC announced an alliance with FactorTrust to provide auto dealers with access to alternative credit information for potential customers who have thin credit files or are underbanked. Many customers who lack the traditional loan tradelines such as credit cards and mortgages still have verifiable payment histories through transactions such as shortterm or installment loans, credit and prepaid cards, nonprime automotive loans, retailers, wireless services and collection agencies. FactorTrust provides unique credit data that incorporates these alternative credit sources that are not reported by the Big 3 credit bureaus. The alternative payment information is particularly valuable to dealers who provide "Buy Here, Pay Here" financing. These dealers typically cater to consumers considered nonprime or underbanked. Providing alternative sources of payment histories in consumer credit reports can make the difference in a successful sale.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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