Government figures compiled by the Bureau of Justice Statistics claim that in 2012 one out of every fourteen adults was the victim of identity theft. While this is disquieting in itself, it raises a red flag for all Apartments or Companies who need to know their prospects.
This crime is rarely reported to the Police. Ninety percent of people report the crime to a bank or credit card company for help. Only one in ten people report the crime to the Police so don’t expect a police report from your applicant...
Most of the stolen identities related to Credit Card or Debit Account Cards with Bank Accounts coming in a distant second.
So, what does this mean to you? If your Applicant for an apartment, a line of credit or a job comes up with problems, you have to check them out to see if Identity Theft was at fault. You can check a Credit Report. If the vast majority of a person’s credit history is stable with a short period of very high credit use, then identity theft is a real likelihood. You may want to adjust your credit qualifications when this happens.
Understanding debt collection and background screening best practices can save your business big money. Building up front applicant screening into your business processes costs you very little, but saves you so much in the end. If you haven't already, partner with a full service debt collection and applicant screening company to guide your business to a place of security and prosperity.
ABOUT EXECUTIVE CREDIT MANAGEMENT, INC.
Executive Credit Management is a full-service Debt Collection and Applicant Screening agency with over 20 years experience located in Central New Jersey. We provide excellent service in the following areas: Employment Screening, Business Screening, and Tenant Screening. Executive Credit Management belongs to a number of Skip Tracing databases and offers services to help locate and confirm the current address of missing debtors. Other services provided are: litigation evaluation on all lawsuit decisions, improvement of the quality of the applicant data, Lawsuit Monitoring, Handling of Debtor Disputes. Executive Credit Management features the best Call Monitoring System in the Debt Collection industry.