Personal Credit Reports Flashcards
What is a hawk alert?
A hawk alert appears ID input address phone or Social Security number has been used in suspect fraud or if Social Security number was not issued by Social Security administration or belongs to deceased person
What is the purpose of pulling a personal credit report?
It allows us to assess the credit worthiness of the principles or owners of the business (merchants)
List all lines of credit out to the principals owners along with the payment history they pay their debts on time or slow.
Determines whether the principal owners of the business has submitted information which does not match information submitted in the underwriting package or found on file. (Are they using bogus information, other person’s credit information or outright fraud?)
Where do you go to pull the PC report?
We go to the mainframe
