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Cic Credit Report

By: EconomyWatch Date: 26 August 2009

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The Cic credit report is offered by CIC Credit Inc., which is a subsidiary of Equifax, one of the three major credit reporting agencies in the US. CIC also offers a large number of credit report services at a national level, including:

comprehensive single credit reports
3-in-1 credit reports.

Who can use the Cic Credit Report?

Besides potential creditors who would have to assess the credit worthiness of the applicant, the Cic credit report can be used by:

Landlords: They can use the Cic credit report service to:

screen their tenants and review their background
get a comprehensive summary of a tenant’s credit history
determine if an applicant has a reliable and consistent work history
establish that the tenant has no alarming economic issues such as liens and garnishments.

Employers: They can utilize the Cic credit report to:

screen their employees
ensure that only financially sound and reliable employees are bought on-board
check the entire employment history of a prospective employee
judge credit problems if any
track whether a candidate has a criminal record.

Criminal investigators: Their credit report services also help to track criminals by monitoring their credit activity. However, this is only possible when a criminal uses his/her credit information for some purpose, such as:

Applying for a job
Requesting a loan
Applying for a credit card
Registering to vote and
Obtaining a license.

Cic Credit Report: Triple Advantage

The Cic credit report service also includes the Cic Triple Advantage. This is a credit monitoring system offered in collaboration with the free credit report sites. The Cic Triple Advantage enables unlimited online access to the credit report and score from all three major credit reporting bureaus.

The service also includes account alerts and hard inquiries. It also helps to:

track fraudulent activities
prevent identity theft
enable individuals to request for automated consumer score mailing to different parties, as governed by the FACTA.

Cic Credit Report for Businesses

Businesses have the option of applying for a PRBC Report with the Cic credit report, usually merged with a FICO Score. This report helps to evaluate non-traditional credit line, such as:

· rent

· utility

· mortgage

· phone

· other such recurring bill payments

A PRBC Report can also be combined with the credit reports from Experian, Equifax, and/or TransUnion.