Can I Run Credit Checks On Someone?

By Dave Nyam •  Updated: 03/23/24 •  5 min read

A credit check is an important consideration in any incidence of financial transactions and serves to measure the worth of the person involved. Whether it is a lender, an employer, or a landlord, knowledge of a person’s credit is very important for the basis of some decision. This paper portrays how to conduct a credit check on someone, stating an overview of what is required by the law and other ethical considerations. This post, therefore, aims to give a baseline understanding of what a credit check is. It further covers the importance of carrying out this analysis and how to carry it out responsibly.

Can I Conduct A Credit Check On Another Individual?

Credit checks are critical processes that need to be observed by all means, looking at the requirements of the law in the letter. The Fair Credit Reporting Act (FCRA) stipulates that you can conduct a credit check on someone else only when either you have a ‘permissible purpose’ or the person has written his or her permission. The permissible purpose includes cases whereby one has to be assessed for a loan, employment, tenancy, or any other financial contract.

The individual shall give written consent where there is no permissible purpose. The consent shall be plain, express, and clearly documented to the fact that the individual understands the actual credit check being undertaken. It is illegal to run a credit check in the absence of such permission or on the basis of a permissible purpose. Furthermore, such illegal acts can force one into legal action up to the point of punitive damage, fine, or even imprisonment.

How Do I Run A Credit Check On Someone Else?

Running a credit check against someone else is a procedure that calls for careful adherence to the legal stipulations laid in place to ensure their privacy is observed and actual protection with regard to the Fair Credit Reporting Act (FCRA). Below is a guideline on how to go about this step by step:

What Info Do I Need To Run A Credit Check On Someone?

First, get written consent from the person. You will need their surname and a South African ID or a valid passport number. Next, register for WinCredit to gain access to credit bureau databases. Windeed.com charges a query fee of R37.35 per Experian-powered consumer profile search. Use the Windeed website to follow prompts that will guide you through keying in the required details and receiving the credit report. This process ensures one’s privacy and rights are shielded.

How Long Does It Take To Conduct Credit Checks On Someone?

The time it takes for a credit check varies according to various factors, from the mode one has requested the report to the all-important degree of responsiveness by concerned credit bureaus. In most cases, if all important information and consent to request the report exist, it does not take long to get one, particularly using online means.

If you request a report via the Internet from one of the three major credit bureaus, you will most often get an instant report. Request one through the mail or in any scenario where more legwork is required, and you are most often looking at days to weeks for the turnaround.

In other cases where employment is pegged alongside tenancy to the results of a background check, which includes a credit check, the process of such a deep background study is likely to be lengthened in the time consumed. If the information presents errors or any odd movement, the time consumed will be escalated to resolve those issues.

Keep Reading

How to Check Credit Card Details On Takealot

How to Check Credit Card Details On Takealot

How to Check Credit Card Details On Takealot. In this blog post, we will take you through some common questions on Takealot.

How to Check My Credit Card Statement Online

How to Check My Credit Card Statement Online

In this guide, we’ll give you details about how to check your credit card statement online. 

Credit Card Advantages & Disadvantages

Credit Card Advantages & Disadvantages

This paper deliberates on the dual nature of plastic plates by showcasing the benefits/demerits against a piece of advice on using them wisely.

What Can Damage A Credit Card?

What Can Damage A Credit Card?

In this paper, we are also going to enlighten the readers about the common mistakes made by users that result in the death of a card

Can I Have A Credit Score Without A Credit Card?

Can I Have A Credit Score Without A Credit Card?

This blog will highlight the chance of getting a credit score without a credit card. Also, you will understand the diff between credit score & credit card

Do You Need A Credit Card To Go To Turo?

Do You Need A Credit Card To Go To Turo?

Do You Need A Credit Card To Go To Turo? Traditionally, credit cards ruled the roost when it came to other payment methods,

How to Check My Interest Rate on Credit Card?

How to Check My Interest Rate on Credit Card?

Understanding how credit card interest works can help you make an informed decision. Read on to learn how to check interest rates on your credit card.  

Why A Credit Card Disappeared From Online Banking

Why A Credit Card Disappeared From Online Banking

Why A Credit Card Disappeared From Online Banking. The following article will give insight into probable reasons for such a phenomenon.

Can You Purchase V-Bucks Using A Credit Card?

Can You Purchase V-Bucks Using A Credit Card?

The player population must be acquainted with the expertise of making payments for purchasing V-bucks that facilitate customizing their gameplay effectively.

How To Apply For A Credit Card With Low Credit Ratings

How To Apply For A Credit Card With Low Credit Ratings

Here is a detailed walkthrough showing you how to navigate the gold card landscape with a low score.

How to Get A Capital One Credit Card Number?

How to Get A Capital One Credit Card Number?

It has become imperative to understand where your credit card number can be accessed for smooth transactions and good financial management.

How to Keep Your Card Details Safe Online

How to Keep Your Card Details Safe Online

The subsequent sections will unpack some strategies that should be employed to guarantee the security of sensitive financial data

Why Won’t My Credit Card Autofill Online Any More?

Why Won’t My Credit Card Autofill Online Any More?

Today we are here to help you understand the reasons behind this issue and how to resolve it. Soon you will be a master of the autofill option.

Slice Credit Card: Advantages and Disadvantages

Slice Credit Card: Advantages and Disadvantages

Today we look at a prepaid credit card called Slice with a longer history. We cover how it works and what to expect

Can Magnet Damage Credit Card?

Can Magnet Damage Credit Card?

Can Magnet Damage Credit Card? This article delves into the issue of the susceptibility of credit cards to magnetic fields