Credit Checks

Viewing 6 posts - 1 through 6 (of 6 total)

AGreatDane
Participant
@agreatdane
Join Date: 2004
Post Count: 3
November 17, 2004 - 7:45 am
Hi all,
What is the process / procedure / cost invovled in doing a client credit check as well as past rental history?
Where do you go on the net to do this?
Kind Regards,
Jan Holm
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
November 17, 2004 - 7:51 am
http://www.baycorp.com.au
I think it is about $30.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985
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debtdogg
Member
@debtdogg
Join Date: 2004
Post Count: 136
November 17, 2004 - 8:40 am
Simon has the right site but without the client’s WRITTEN authority you can’t search their credit history.
Big fines etc if you do so. Get their written consent.
markk
Happy Hunting
http://www.kentscollections.com
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
November 17, 2004 - 12:14 pm
They can also be obtained for free by faxing baycorp with your details and signature. Takes about 2 weeks to get it via post.
I suggest you get your clients to get their own and provide you a copy.
If you want to check rental history, you will have to ring all their previous managing agents. Be wary if they say there was no agent and they were renting from Mr X – who will probably turn out to be a friend of theirs.
Terryw
Discover Home Loans
Mortgage Broker
[email protected]
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
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Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
lifeX
Member
@lifex
Join Date: 2004
Post Count: 651
November 17, 2004 - 12:29 pm
I found the following out the hard way, I hope you have better luck
Police Checks – $27 – from local cop shop takes two weeks
Thelandlord.com.au for blacklist checks for private landlords costs $100 per year(or if you know a real estate agent property manager get them to check the TICA database.) takes 1 minute. Make sure you help this database grow by listing any bad tenants!!!!!
Send Baycorp Advantage a letter with all clients details and ask it to be posted to you. They will probably post it to client but it’s the only way (free) takes three weeks.
Get a signed letter from clients or agents may not disclose private information (just fax it through)
Oh… and if you want info from housing commision then get client to request a letter of good standing and a statement of account from the person they deal with there.
Good luck
May all your dreams come true. (except for those evil dreams and maybe that dream where you had no pants on in school, oh, and that other dream with the invading martians and the……………)
Lifexperience
lifeX
Member
@lifex
Join Date: 2004
Post Count: 651
November 17, 2004 - 12:34 pm
Put the following info in your clients signed letter ( you can post it for them)
full name, DOB,Drivers Licence Number, Current residential address, previous addresses in last 5 years, current/previous employer, name of organisation most recently applied for credit, contact number.
Oh, and another good one is to visit them at their home to see what they are like. (hey. ask the neighbours…but I didn’t tell you that).
If all else fails hire a private detective.
May all your dreams come true. (except for those evil dreams and maybe that dream where you had no pants on in school, oh, and that other dream with the invading martians and the……………)
Lifexperience