Announcing the 700Credit & Loopit Partnership!

July 31, 2024

We are excited to announce a partnership and integration with 700Credit, the largest provider of credit reports, compliance solution, soft pull products and more in the automotive industry in the US.

As part of our partnership, Loopit has completed and released a native integration with 700Credit for enable customers to perform soft credit pulls to screen prospective drivers for their mobility offerings.

700Credit Integration with Loopit

The integration allows Loopit customers to seamlessly pull 700Credit soft credit reports directly into the Loopit platform. This feature enables subscription providers to incorporate credit information as part of their comprehensive screening and decisioning process, ensuring more informed and efficient customer evaluations

Integration Benefits

Key benefits of the integration include:

  • Streamlined workflow: Subscription providers can access credit information directly within the Loopit platform, eliminating the need for separate systems.
  • Enhanced risk assessment: Soft credit pulls provide valuable insights for more accurate customer screening.
  • Improved customer experience: Soft inquiries do not affect the customer's credit score, maintaining a positive application process.
  • Compliance support: 700Credit's solutions help ensure adherence to industry regulations and best practices.

The integration is now available to all Loopit customers, further solidifying the platform's position as the most comprehensive vehicle subscription software solution in the market.

About 700Credit

700Credit is the automotive industry's leading provider of credit reports, compliance solutions, prescreen and pre-qualification products and services. The company's product and service offerings include credit reports, dealer-facing prescreen and consumer-facing pre-qualification platforms, OFAC compliance, Red Flag solutions, score disclosure notices, adverse action notices and more.

About Loopit

Loopit is the world's leading vehicle subscription software provider, empowering dealerships, OEMs, and mobility companies to launch and scale their own vehicle subscription programs. The Loopit platform offers end-to-end subscription management, including customer acquisition, billing, fleet management, and analytics

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