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August 02, 2015 4:03 AM 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 & Marketing
Compensation as of Fiscal Year 2015.

700Credit, LLC Key Developments

Equifax Inc. and 700 Credit Announces to Offer Dealers A Fully Integrated, Seamless Income and Employment Verification Solution

Equifax Inc. announced from the 2015 NIADA Convention that it has expanded its partnership with 700 Credit, to offer dealers a more advanced level of income and employment verification capabilities. Equifax income and employment solutions are powered by The Work Number, a Fair Credit Reporting Act (FCRA) compliant database. The Work Number provides payroll-direct income and employment information, in seconds, to banks, mortgage companies, auto dealerships, and other commercial entities when authorized by the consumer, and in compliance with FCRA regulations. An expanded application to the company's existing verification solution will allow delivery of information earlier in the sales process in order to help dealers extend the right deal to the right buyer. Additionally, these new capabilities can help provide a higher level of detail to enable dealers to more readily satisfy lender requirements. The advanced income and employment verification solutions enable dealerships to maximize revenue opportunities, remove obstacles in order to provide consumers with the best possible customer experience, and reduce the chances of customers or employees committing fraud.

700Credit, LLC Announces Integration Partnership with High Performance Credit Systems

700Credit, LLC announced an integration partnership with High Performance Credit Systems. HPCS provides a revolutionary industry solution for interactive, subprime credit decisions. The agreement will allow 700Credit dealers access to a fast, accurate, and compliant deal flow between the desk and finance. The HPCS analytical approach detects and identifies respective customer Credit Profiles, while presenting specific lender options to maximize each dealer's performance, greatly reducing if not eliminating subprime deficiencies. It will also enable the dealer's access to credit reports, compliance and prescreen products from within the HPCS system. This solution includes 700Credit's Compliance Dashboard tool, which dealers utilize to view critical compliance information on one easy-to-read screen. This permits the dealer to proactively monitor their dealership's efforts as they relate to mandatory Federal compliance regulations. 700Credit is offering HPCS customers preferred, pay-as-you-use pricing for its credit reporting, compliance services and prescreen products.

700Credit Announces Integration Partnership with DealerClick

700Credit announced an integration partnership with DealerClick. This agreement will allow DealerClick dealers seamless and secure access to credit reports, compliance and prescreen products from within DealerClick Systems. Another important aspect of this partnership is that DealerClick dealers can perform more of their tasks from within the DealerClick DMS instead of having to toggle to different systems and/or web sites to complete them. This solution includes 700Credit's Compliance Dashboard tool, which allows dealers to view critical compliance information on one easy-to-read screen so that they can proactively monitor their dealership's efforts as they relate to mandatory federal compliance regulations. 700Credit is offering DealerClick customers preferred, pay-as-you-use pricing for its credit reporting, compliance services and prescreen products.

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