700 Credit LLC, a provider of credit reports, compliance solutions and soft pull products for the automotive industry, has announced an integration alliance with the AutoAPR Approve platform, a proprietary engagement tool that increases website lead conversions for a variety of vehicular dealerships, including RVs.
AutoAPR has integrated 700 Credit’s soft-pull prequalification API, enabling consumers to be prequalified at the top of the sales funnel, without requiring a social security number or date of birth.
According to 700 Credit, this integration provides consumers instant preapproval and provides dealers with a full credit file, FICO score and summary of all open vehicle loans including: current monthly payments, current auto loan interest rates, remaining balance/payoff amount and months remaining on the loans.
“With the new integration, dealers can make more intelligent and immediate credit decisions as soon as the lead comes in from the AutoAPR platform,” said Ken Hill, managing director of 700Credit. “Dealers have excellent visibility into the consumer’s FICO Score, credit report and equity position of the consumers trade-in allowing them to provide a valid financing quote without the need for SSN or DOB, allowing for a shorter and more efficient sales cycle.”
