June 20, 2018 4:18 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





Key Executives for 700Credit, LLC

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

700Credit, LLC Key Developments

700 Credit, LLC Signs Deal to Provide Pre-Qualification Services for Edmunds Car Shopping and Information Platform

700 Credit, LLC announced an exciting new relationship with Edmunds. With this new alliance, Edmunds will incorporate the 700Credit's pre-qualification platform into the consumer car shopping experience on Edmunds.com. The integration of the 700Credit pre-qualification technology will enable Edmunds to send just a name and address to 700Credit to run a soft-pull on the online shopper. Edmunds in return will receive the consumer's live FICO score and information on all open auto tradelines including monthly payment, interest rate and remaining balance. This will also enable Edmunds to provide consumers with accurate car payment quotes instantly based on the vehicle they are interested in.

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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