Since the average American is $38,000 in debt, it’s incredibly unlikely that anyone you meet is going to have perfect credit and be 100% in the green. However, when going into business with someone, you do want to look into their financial status to ensure that you aren’t walking into a bad situation. It’s the responsible thing to do, after all, when operating a business.
Here, we’re going to teach you how to find out someone’s financial status before hiring them to work with you. Read on to ensure that you’re only hiring the right people and keeping your workplace in the best possible position!
As a small prelude, remember that when looking into how to find out someone’s financial status, you should give them a heads-up that you’re going to be looking into their records. If you don’t do this, you jeopardize the open, honest, and trusting business partnership that you hope to build with your new hire.
Before seeking out any documents that you need to pay for, check the public record for the financial status of the person you’re searching for. If the individual has previously been in government positions or positions of public service, it’s likely that their income has been made public online. If this is the case, you can access these pages and get a pretty good feel of where the person has been financially in the past (and likely is now.)
If you can’t find the information this way or want more data, search pages like Asset Search can show you the financial status and net worth of the person whose background you’re looking into. Sites that offer full background checks (like Instant Checkmate or Truthfinder) will also give you anyone’s financial status. It will also offer criminal and civil records, addresses, and family information to boot. The only downside is that you have to pay.
Debthunch is a great tool that you can offer a promising candidate whose financial history may not be ideal. This service will allow them to consolidate their loans and get back on their feet before you hire them.
Obtaining In-Person Documents
A better way to access someone’s financial record than online is to look at their in-person records. Go to the office of your county clerk and ask for information on how to find Uniform Commercial Code filings. These documents will cover the assets and debts that the person whose background you’re checking is in possession of. People that have unpaid bills out to the person will likely have filed liens on the individual who you’re searching. If you’re going to find evidence of unpaid bills, they’ll be there.
You can also check third-party services like credit bureaus for information regarding the financial status of someone you know.
How To Find Out Someone’s Financial Status
Now that you know how to find out someone’s financial status, it’s time to get more tips on how to have the best possible life, both personally and professionally. Click on the ‘lifestyle’ tab on our home page for some ideas that will help you flourish in a fast-growing world.