When an individual becomes incapable of handling their own affairs, a conservatorship or guardianship is often established to protect the financial and beneficial interests of the incapacitated person. The guardian or conservator has a fiduciary responsibility to not only protect their assets but to pay any of the individual’s outstanding debts.
Reliable Background Screening can help these fiduciaries by giving them access to these consumers’ credit reports, as long as they obtain the proper court orders. Most of these fiduciaries obtain their beneficiary/client’s credit report annually – or more frequently – to ensure that no new unauthorized debt obligations are incurred in their beneficiary’s name.
Since guardianships and conservatorships are typically created by court order, it is not difficult for them, as a fiduciary, to obtain a court order to process the credit report of their beneficiary/client or for a tenant credit screening.
Reliable makes it easy for law firms and other fiduciaries – nationwide – to establish “Credit Reports – By Order of the Court” accounts, so that they can access the credit screening for landlords, of their beneficial clients, and better fulfill their fiduciary responsibilities.