All businesses need to be able to manage risk when it comes to lending credit to consumers and consumer credit checks from pbVerify can help your company make smart business decisions. This is especially important for small businesses that can’t afford to take large risks and that can’t afford to become victims of fraud; it’s important to always ensure that you know who you are dealing with.
What types of businesses can benefit from consumer credit checks?
- Lending companies that extend lines of credit to consumers for big purchases such as cars, homes, education and more.
- Banks, whether large or small, can benefit from ensuring they have the most accurate and up-to-date information about each consumer.
- Letting agents and property rental companies. Before agreeing to let a property to someone or if you need to know if potential tenants have a history of defaulting on credit payments.
Consumer credit checks can provide you with a range of information including a complete consumer profile, judgments and defaults, fraud listings and indicators, marital status and spouse details, employment details and more. Before your business enters into any type of credit arrangement with an individual or another business, ensure you’ve obtained every bit of information that may affect your decision.
At pbVerify our goal is to help businesses manage risk and avoid potentially harmful business decisions. Risk and Debtor Management are critical facets of your business’s operation and without them, you may be opening up yourself to taking on risky creditors. For more information on obtaining consumer credit reports from pbVerify please contact us today. We look forward to hearing from you!