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Summary: Checking someone's credit score is done by businesspersons about to grant credit to that person, and it requires his or her social security number, address and work place. Check a potential borrower's credit score to determine interest rates and premiums with advice from a registered financial consultant in this free video on money management.
Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more
"Financial advisor, Patrick Munro, talking about how to check someone's credit score. The only reason you'd want to check someone's credit score is if you are a businessperson about to grant credit to a person in your business. In order to check their credit score you need to have their social security number and a bit of information about where they live, where they work. This will identify them as really that individual. Then, hopefully, you have subscribed to a credit reporting agency that you will give that information to, and in a short period, as short as an hour, they will come back to you with a real time report about the credit worthiness of this individual. This is information that you must keep secure. It's your responsibility as a businessperson to do that. But, if the credit score comes in you'll establish your own benchmarks about your comfortability with that client. If the score is a little bit weak, but you've had an interview with the client, and you still want them as a client you may charge them a little more as a potential risk premium for them going forward. This is Patrick Munro, talking about how to check someone's credit."
eHow Article: How to Check Someone's Credit Score
Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.