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Updated over 10 years ago on . Most recent reply
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I am carrying a note... best way to check borrower's credit?
Good afternoon
I am going to carry a note on an investment property.
Its short term (3 or 5 yrs), high % (10-12), but rather small amount (9-10k).
The guy puts down about 40 % of the selling price.
Now to the question - whats the best way to check his credit? Not so much to see what's on it, but to have it on record in case I ever need to go after him in case of non-payment.
Thank you in advance!!!