700credit agent partnership program. ©2012 700credit, llc | 2233 west 190 th street, torrance, ca...

700Credit Agent Partnership Program

www.700Credit.com

©2012 700Credit, LLC | 2233 West 190th Street, Torrance, CA 90504 | CONFIDENTIAL INFORMATION

About us 700Credit is the automotive industry’s leading solution for ALL 3 Credit Bureaus (Equifax,

Experian, Trans Union) Compliance products and Pre-Screen products. Compliance products include OFAC, Red Flag, Risk-Based Pricing Notices, Adverse Action Notices and Privacy Notices. Specialized web-based credit application and pre-screen tools enhance leads and the dealers sales process.

700Credit has recently added new products and services that include Pre-Screen Capabilities for the Showroom and the Website, along with Employment and Income Verification products. Pre-Screen ability using live credit data is one of the hottest product segments in the auto industry today.

700Credit is pleased to announce our enhanced Agent Partnership Program and are currently seeking new and interested partners. Our program focuses on dealer Cost Savings, Products that Open Doors and Create Relationships, Total Sales and Service support, Detailed Tracking and Long Term Residual Commissions to offer you one of the best Agent programs available today.

www.700Credit.com


Products & Services Focus Cost Savings & Compliance Analysis – Trans Union, Experian, Equifax & Compliance process

Work Flow Enhancement – Tightens and Improves the Dealers Sales Process

Credit Bureaus – The formats you want with all 3 bureaus on one bill

Compliance – Automated process with fail safe ability for peace of mind

Pre-Screen – “Quick Screen” offers live credit data with only a name and address needed. No SS# or other personal information is ever needed and it will not affect the consumers score in any way. Quick Screen Web Application enhances online engagement & creates more sales leads Quick Screen enhances Showroom and Service ability with full CRM/DMS integration capabilities

Quick App - a talking web credit application tool that takes the place of the standard credit app to increase engagement and create qualified credit leads

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How will your dealer benefit 700Credit can provide your dealers with the same credit report for less without disrupting or

changing their sales process. Your dealers get a superior service at a substantial cost savings.

Your dealers may NOT be in compliance. 700Credit will consult and provide a comprehensive automated compliance solution tailored to the individual dealer needs. The 700Credit compliance solutions will be offered to your dealers with a cost savings.

700Credit offers free Compliance Trainings by FCRA certified, industry-trained customer and technical support specialists available to customers 24/7/365.

700Credit is dedicated to finding new and innovative ways to help the buying process to be more efficient and compliant through industry leading technology, tailored solutions and new products.

All of these benefits are realized by becoming a mutual customer between 700Credit and your organization

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Low Cost: Association and Affiliate dealer customers receive special pricing on credit reports and compliance

One Source: Manage credit reporting and compliance from one system

Speed: Our report delivery times are among the fastest and most reliable in the industry because we utilize a Tier One hosting provider

Reliability: Complete systems redundancy

Innovation: Creating new and innovated ways to sell more cars

Compliance: Today’s obligation of dealerships to be compliant with the latest federal regulations is burdensome and confusing. 700Credit can assist your dealerships in understanding the latest laws and assist with them with becoming compliant.

Workflow: Integration in to the dealers CRM makes for the best workflow

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Revenue Sharing model - on 700Credit products and services

Credit Reports (Equifax, Experian, Trans Union)OFAC Compliance Red Flag Compliance Risk-Based Pricing Score Disclosure NoticesAdverse Action Letters Pre-Screen (Quick Screen & Quick Screen Web App)Quick AppNew products and services

How will your organization benefit?

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Strong value proposition with dealer training on the latest Federal Regulations and 700Credit’s Products & Services which help them satisfy the dealerships requirements.

Newsletter Webinars On going user training Awareness of compliance policy reviews, updates and trends

Dedicated sales and support team to aid your organization and mutual customers with new opportunities. One to one relationship between a sales rep and the dealer. Customer Service & Support with offices located across the country

Dedicated management team to support your organization Ability to work in the field to support your efforts Available for phone and email dealer support

Product and Company Credibility that opens doors Representing Credit Bureaus and Compliance adds instant credibility to your portfolio Cost Savings, Compliance and PRESCREEN is an instant door opener for any dealer

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Sales & MarketingCollateral marketing materialsContacting dealers to present, close and follow up

Provide Lead FormTracking and accounting of all members inquiries Status Update Reports of referrals, inquiries and sign-ups

Account SetupAssurance of products & services implementation One on One walk through of ALL products & services Questions & Answers

TrainingOngoing training for existing + new usersNew Product & service offerings demosOngoing webinar & seminars

Support24/7/365 supportOffices nationwide One on One relationship for both Agent and Agent’s dealer

Billing monthly detailed commission reports for Agent monthly detailed statements available via electronically and/or paper for dealer

What is 700Credit responsible for…Everything!!!

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Appendix A – Example Lead Form

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Detailed reporting - which tracks leads, account setups, commissions etc…

Agent Sample Commission Report for: December 20133/17/2014

40% of Margin between Revenue Total and Cost TotalCost = Report + Score when utilizing 700Credit System* Cost = Report + Score + Summary + OFAC when not utilizing 700Credit System+ A minimum of $0.06 per credit tansaction will be applied

Product NameInvoice

DateInvoiceNumber Volume Per

REVENUE COST

Total Per Total Margin40% OfMargin

RevenueShare

ABC AUTO SALLES LE1733/098

Trans Union - Credit Report 12/1/2013 147987 70 $1.96 $137.20 $2.30 $161.00 ###### $(9.52) $4.20 +

Totals: $137.20 $161.00 $(23.80) $4.20

DEF AUTO SALES LE2524/098

Trans Union - Credit Report 12/1/2013 148452 1 $2.64 $2.64 $2.10 $2.10 $0.54 $0.22 $0.22

Totals: $2.64 $2.10 $0.54 $0.22

JONES TOYOTA LE2154/098

Trans Union - Credit Report 12/1/2013 148216 36 $2.29 $82.44 $2.10 $75.60 $6.84 $2.74 $2.74

700Credit - Credit Report Red Flag 12/1/2013 148216 36 $0.35 $12.60 $0.18 $6.48 $6.12 $2.45 $2.45

700Credit - Adverse Action Letter Queue 12/1/2013 148216 4 $1.00 $4.00 $0.80 $3.20 $0.80 $0.32 $0.32

700Credit - Mail House 2 Page Letters 12/1/2013 148216 1 $1.25 $1.25 $0.80 $0.80 $0.45 $0.18 $0.18

700Credit - Credit Report RF Alerts 12/1/2013 148216 6 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 +

Totals: $100.29 $86.08 $14.21 $5.68

BROS AUTO SALES LE1720/098

Trans Union - Credit Report 12/1/2013 147981 7 $2.09 $14.63 $2.30 $16.10 $(1.47) $(0.59) $0.42 +

Totals: $14.63 $16.10 $(1.47) $0.42

DETROIT FORD* LE2506/098

Trans Union - Credit Report 11/1/2013 143891 62 $2.16 $133.92 $2.10 $130.20 $3.72 $1.49 $3.72 +

Experian - Credit Report 11/1/2013 143891 1 $2.09 $2.09 $2.10 $2.10 $(0.01) $(0.00) $0.06 +

700Credit - Credit Report Red Flag 11/1/2013 143891 68 $0.25 $17.00 $0.18 $12.24 $4.76 $1.90 $1.90

700Credit - Credit Report RF Alerts 11/1/2013 143891 16 $0.10 $1.60 $0.00 $0.00 $1.60 $0.64 $0.64

Totals: $154.61 $144.54 $10.07 $6.32

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Quick Screen …… is a revolutionary new CRM enhancement tool to log and control every

customer with factual Credit Data.Just log into your CRM and register the customer your normal way !!!

• You will see their live credit score and loan information.• You know if you’re working with a prime, near-prime, or sub-prime customer.• Identify an equity customer who has a high payment or interest rate but has a

good credit score that you can refinance. credit score• Know if your customer qualifies for your best lease programs.• You know that you’re quoting the right interest rate for the payment buyer.• You know the customer’s potential trade-in information.• You know if a customer has been shopping for a car recently.

QUICK SCREEN also comes with a Web App tool for the Dealers website!!!

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Quick Screen Shows a Dealer the Prospects…

• Live Credit Score • Interest Rate • Payment • Payoff• Original Term• Remaining Term• Original Loan• Remaining Loan• Times Late on Loan• Revolving Credit• If the customer has been shopping for a car recently

• No Social Security # needed

• No DOB needed

• No Credit App needed

• No Signature needed • Does not affect the customers

credit score or credit in any way

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The authorized manager instantly has an accurate snap shot of the potential prospect and their ability to purchase a car, so that the

sales process starts correctly every time.

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Quick Screen Web App… What is it?• It’s just a short form that can

easily be plugged into a dealers existing website or can be used as a stand-alone micro-site.

• It’s quick and easy for customers to fill out and does NOT require the customers SS# in order to submit.

• You just need a Name and Address only to instantly find out if they are pre-qualified.

• The short form includes a video to help engage the customer to act quickly.

Quick App - What Is It?

• Quick App replaces your old fashioned, confusing and cumbersome credit application on your dealerships website.

• Quick App is interactive, utilizing audio and video to encourage customers to want to fill out your dealerships website credit application and get pre-approved in seconds!

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Quick Screen Web App and Quick App are Both Available in Spanish too!!!

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Credit Bureaus & Compliance Quick Screen & Quick App

New Products

CB and Compliance Cost Savings, Compliance Protection,and Pre-Screen capabilities OPENS DOORS and Adds

Credibility as an Agent

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If you have any questions or would like to talk to someone for a more detailed conversation

you can contact

Bob Lettis352-345-3740

[email protected] Carson

[email protected]

mailto:[email protected]

mailto:[email protected]

700credit agent partnership program. ©2012 700credit, llc | 2233 west 190 th street, torrance, ca...

Documents

qualified credit

credit report

credit compliance solutions

credit bureaus equifax

live credit data

standard credit app

prescreen products

new products