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Credit Report Search

A credit report search is an increasingly popular addition to a full background investigation. Credit reports detail a person’s financial history with the three major credit bureaus and also provide a full accounting of past and present credit accounts and payments histories, as well as who might be investigating the credit file at any particular time.

What is a Credit Report Search?

Credit files are maintained by 3 distinct agencies… Experian, Equifax, and TransUnion. These files are started when a person opens a line of credit, such as any of the following financial products:

* Credit cards, either major cards or individual store cards.
* Home equity loan
* Mortgage
* Car loan
* Personal loan
* Rental agreement
* Some leases
* Specialized financing, such as medical financing.

Contained in the report is a chronological history of payments, penalties and timeliness of your credit accounts. Additionally, every time someone looks into your account, authorized or not, there is a notation made of the inquirer. Other pieces of pertinent financial information found in a credit report include: collection efforts, debts, court judgments, litigation involving money, bankruptcies, foreclosures, liens, garnishments and certain tax records.

Credit Report Search Investigation

Private investigators often order credit reports as part of a background check on a person. There are a wide range of reasons for doing this, but the most commonly cited by working professional investigators include:

* Locating deadbeat dads and using credit history as a litigation tool in court.

* Performing personal asset investigations.

* Part of a pre-employment investigation.

* Part of a premarital investigation.

* Uncover a history of liens, litigation or judgments for a civil investigation.

* Determine attractiveness as a credit risk.

Credit Search Advice

Checking into your own credit report is crucial to insure that the information contained therein is accurate and up to date. Your credit profile is extremely important and is the single most valuable criteria you can present when applying for a loan, credit account or other credit based financial product. Checking into another person’s credit history will provide a real sense of how they have managed their money and credit over time. This is an excellent way of completing a comprehensive evaluation of a person’s character, financial strength and viability as a credit risk. To learn more about how credit reports can be used as part of a background investigation, contact a licensed private investigator near you.

Credit Report Search to Private Investigator Home