What is a Credit inquiry?
A credit inquiry determines the ability of an individual or entity to repay a contracted debt. This investigation involves verifying that a person is indeed solvent and possesses the necessary assets to pay their creditor. This analysis and verification determine the assets and liquidity of the person subject to the credit inquiry.
Who Has the Right to Initiate a Credit inquiry?
Any claimant with a debtor has the right to initiate a credit inquiry. This type of investigation is particularly important for property managers, entrepreneurs, or other professionals who wish to conclude significant contracts with confidence. Such an investigation will always be conducted fairly and proportionately.
It is the lender’s responsibility to verify the borrower’s solvency according to Article L.311-9 of the Consumer Code. Therefore, the lender can be reassured by having the investigation carried out through a private detective, which will provide a guarantee in court in case of a dispute.
A client can also request their banker to conduct a solvency check on a drawee. The banker is free to hire a private detective and can justify their conclusions based on the detective’s findings without concern (see “Cour de cassation Chambre commerciale 9 January 1978, no. 76-13.107“).
What Are the Possible Actions a Detective Can Take in a Credit inquiry?
A private detective can intervene in several ways. Field investigations with surveillance and tailing can be implemented to make necessary observations and defend the interests of the requester. An administrative investigation will also be conducted to obtain various information about the debtor, such as a search for financial and real estate assets.
Why Hire a Private Detective for a Credit inquiry?
A Credit inquiry conducted by a private detective allows the creditor to know if their debtor can repay their debts. The private detective will operate confidentially, providing various pieces of evidence:
- The debtor’s professional activity
- Search for real estate assets
- Determination of the actual standard of living
The private detective’s intervention will enable the materialization of facts and evidence in an investigation report admissible before the competent court.
How Much Does a Detective’s Intervention Cost?
Hiring a professional investigator is relatively inexpensive compared to the potential damage an unwilling person can cause to a business. The cost will depend on the time spent and the means used for the investigation. The fee will be calculated on a case-by-case basis. Each case is unique and will receive particular attention from the outset. We regularly offer packages for this type of service.
Our quotes are free, so feel free to contact us (see “Rates“).
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