Re: Debt Negotiations

Posted by Drew (24.59.27.46) on December 27, 2003 at 20:44:43:

In Reply to: Re: Debt Negotiations posted by Anon on December 27, 2003 at 20:31:06:

Looking for mortgages. The credit report will list your credit and tell you what kind of credit it is...credit card, line of credit, mortgage, installment loan.

By the amount of the original loan and the type, mortgage, installment, they can tell what kind of assets you have.....whether you have a house, or are paying on a car, or have other kinds of loans.

Jobs are considered assets and your employers name is listed on your credit report, generally.

So they look for jobs, mortgages, and installment loans showing vehicle ownership or recereational vehicle ownership. From there, they can then determine if a more substantial asset check on you is warranted. These are done by private detectives who will look for other forms of assets such as stocks, bonds, savings accounts, jewelry, life insurance policies and other portfolios.

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