The financial resources and information is a part of research required and commonly request by the client to check on their business partner, employee or spouse when conduct the asset investigation.
The financial information that contained in credit reports when perform the background checks and hidden asset allocation, and finding the pass credit history status of the target.
Credit Rating Agencies
A credit rating agency (CRA) Singapore is a company that assigns credit ratings for issuers of certain types of debt obligations. The issuers are usually companies, cities, non-profit organizations, or governments. A credit rating measures the credit worthiness of an individual or a business , their ability to pay back loans, and may affect the interest rate and dollar amount on loans for which they apply.
Consumer Credit Reporting Agencies
Consumer reporting agencies (CRA) Singapore are entities that collect and disseminate information about consumers to be used for credit evaluation and certain other purposes. Credit bureaus Singapore hold a consumer’s credit report in their databases and a credit report can be purchased.
However, the report may not retain negative information, such as late payments,bankruptcies, for an excessive period. The length of negative information may stay on a consumer’s credit report – typically seven years from the date of the delinquency.