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Loopit, the leading vehicle subscription software provider, today announced a new integration with 700Credit, the largest provider of credit reports and compliance solutions in the automotive industry. The integration will allow Loopit customers to seamlessly pull 700Credit soft credit reports into the Loopit platform to better screen prospective vehicle subscription customers.
The integration provides subscription providers with valuable credit insights to make more informed customer evaluations, without impacting the customer's credit score. By accessing 700Credit's soft credit pulls within Loopit's end-to-end subscription management software, providers can improve risk assessment and compliance without adding workflow complexity.
“Loopit provides a unique integration partnership for 700Credit. Our soft-pull, prequalification platform is a perfect fit for their unique vehicle leasing and subscription solution,” said Ken Hill, Managing Director of 700Credit.
“Our prequalification platform has been implemented in over 6500 dealerships across the US for vehicle sales. Expanding the usage into the vehicle leasing and subscription market is a natural extension for this powerful solution. Loopit’s clients now have visibility into the credit position of their consumers at the top of the leasing/subscription process, providing a smooth and expedient customer experience.”
"At Loopit, we are committed to continuously improving our platform to meet the evolving needs of the automotive subscription market. Teaming up with 700Credit allows us to offer enhanced credit reporting and compliance features, which are crucial for our clients in today’s fast-paced environment," stated Michael Higgins, Co-Founder & CEO at Loopit.
The Loopit and 700Credit integration is a key step in Loopit's mission to provide the most comprehensive vehicle subscription software on the market. With the new credit screening capabilities, Loopit furthers its position as the leading end-to-end subscription management platform empowering dealerships, OEMs and mobility companies to successfully launch and scale subscription offerings.
