What Is Your Company Doing To Reinvent The Application Process

Category: Finance, Credit.

The name Ahearn Search is synonymous with the words skip tracing, whether it be London, Toronto or the, New York lower reaches of Belize.

Unfortunately, most corporations are under the misconception that technology and the internet have greatly reduced fraud. In today's world of technology, we are finding that fraud or simply not choosing to pay a creditor is becoming easier than it used to be. In fact, the internet has given birth to what skip tracers call easy access. What do you do? Your company has one of those great web pages where an applicant can apply for a credit card or a loan. Process a credit report and base it on a scoring system.

The problem here is that neither of those tools actually confirms the information they provide. If it is a business, you run a Dun& Bradstreet. Sure, they report public record filings, late payments etc. In reality, your best scorers can have a bad year or two and stop paying. Your company will then decide whom they want to do business with and I am sure it is safe to say your company will not choose the one with the low score. You call them and the number is disconnected. Now its time to send the claim out to a collection agency, they take the job along with fifty percent of what they collect( ouch) .

You write and as Elvis said, "return to sender address unknown" . A month goes by, two months and nothing from the collection agency. The reason most debtors cannot be found is that when it comes to the application process, all decisions were based on a scoring system. Most collection agencies will only replicate your actions, hoping that the letters of suit, etc will frighten the debtors- it does not. No one took the time to determine if the phone was real a real landline, the address a mail drop or the business only a front. If someone wanted to create a false residence or create a false company, they could in only a few steps. In five easy minutes, have a phone, anybody can incorporate number with any area code, and then set up a website.

Go to any state website www. anystate. gov register a new corporation in minutes. Go to register. com and secure a domain name and set up a website immediately all for a mere$ 20Go to Mail Boxes Etc. and get an address to match the phone numbers. Next go to JFAX or Efax From there they can get a phone number anywhere in the world for$ 95 a month which will forward to an email address of choice. A business now exists, finally yet importantly call Dun& Bradstreet and they are listed. The following are a list of some of the most frequently used key words in internet searching offshore, how to hide, offshore banking, how to disappear, new identity, hiding assets, and false identity. A little information to ponder, especially if you are in the lending business. That is only to name a few.

In this country, many people are concerned about their privacy and are utilizing the tools available. Two of the most hit web sites are Escape- Artist and Privacy- World. What is your company doing to reinvent the application process? You can learn more by visiting Ahearnsearch. com.