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Toyota Financial Services

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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 SmartPath 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.

Prescreen – QuickScreen

QuickScreen is a soft-pull solution that does not require SSN or DOB and does not affect the consumer’s credit score. QuickScreen returns the following data to the dealer:

  • FICO Score
  • Summary of Auto Trade Lines Including:
    • Current Monthly Payment
    • Current Auto Loan Interest Rate
    • Remaining Balance / Payoff
    • Payment History
    • Months Remaining on Auto Loan

Benefits of Prescreen Integration

  • Saves time and can potentially shorten the sales cycle by enabling you to work the right deal sooner in the sales process with the proper interest rate and a payment the customer can afford before a hard pull is done
  • Customers can know what they can qualify before they get to the finance office, preventing a potentially uncomfortable situation or loss of interest
  • Helps to prioritize leads from all inbound sources by identifying your best opportunities based on credit profile
  • Identify opportunities to upsell in the service lane
  • Improves closing ratios
  • Helps hold deal gross

Prequalification – QuickQualify

  • QuickQualify is our web-based lead generation platform that does not require a consumer’s SSN or DOB and has no effect on their credit file
  • An engaging video and simple lead form consumer’s can quickly get prequalified for a vehicle while shopping on your website
  • Dealer’s 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
  • Dealer’s 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

Driver’s License Authentication

QuickScan from 700Credit is a powerful mobile document authentication platform that provides dealerships real-time confirmation of the legitimacy of a customer’s driver’s license and identity. Although it can be used in-store, it is particularly helpful when used to verify the identities of online car buyers and leads to stop fraud at the top of the sales funnel.

Feature’s Include:

  • Driver’s License/Document Verification
  • Selfie Verification/Liveliness Detection
  • Front/Back Driver’s License Validation
  • Device Verification
  • Synthetic ID Fraud Detection
  • Identity Verification Check, Red Flags OFAC

Why partner with 700Credit?

Easiest, most automated credit and compliance workflow in the industry

Access to all three bureaus

One-stop to monitor and manage your compliance obligations

24/7/365 Support Desk

Questions? Call us at (866) 273-3848 or email support@700Credit.com