The most significant change for users of credit reports will be in the decreased reporting of public records, specifically tax liens and civil judgments. Bankruptcies, however, should experience no reduction in their being reported on credit reports.
The reason for most civil judgments and tax liens disappearing from credit reports is the NCAP requirements that (1) sufficient PII (personally identifiable information) exist on the record, and (2) that public records be collected and updated at least every 90 days. PII includes name, address, date of birth, and social security number. To be sufficient, at least three of the four PII must be present on the public record. Since most civil judgments and tax liens do not have dates of birth and complete social security numbers, they will largely disappear from credit reports starting July 1st.
For resident screening and tenant screening users, this means that eviction judgments soon will no longer appear on credit reports. Fortunately, there is an alternative. Reliable Background Screening provides a National Instant Eviction Search as a separate product. This product collects forcible detainer and unlawful detainer (eviction) judgments. Resident screening and tenant screening users who are not currently obtaining this separate Eviction Search product should consider raising their application fee to pass through the additional expense of purchasing the Eviction Search product. It should be noted that collection accounts for landlord and apartment debts will continue to be displayed on credit reports.
Other users of credit reports may also find the National Instant Eviction Search product helpful, as it is a way to uncover at least some civil judgments.
Rudy Troisi, President
Reliable Background Screening
Over the past several months, we worked very hard on a new website and are excited to share it has been launched. The new website provides several features to make information even more accessible. Here is a quick recap of the main changes and improvements:
- More graphic interaction using pictures, icons, and shortcuts
- Clear listings and an easy-to-navigate menu to find the services you need Detailed, yet concise, explanation of the various services we provide
- Easy-to-find industries and types of organizations we serve
- Specific account of how our services are essential and beneficial for different organizations
- Convenient ‘Contact Us’ form
- More information about Reliable
- Easy access to past newsletters and our blogs that contain a wealth of information you need
To celebrate our new website, we are offering $50 off (or 50%) the set-up fee (per account) for all new accounts opened between now and June 30, 2017 – Just mention “New Website Discount” when you call. So go ahead – click on the button below and visit our new website today!
