Why are Asset Search Services Necessary?

Posted by US Collection Services on September 27th, 2018

Asset search services tend to answer several questions about a person’s financial status, occasionally settling pre-litigation whether it’s value your time, effort, and expense to litigate them at all. If you’re already in the throes of litigation, you and your attorney can get important information from an asset search to inform your case. There are many asset search companies that provide full-fledged help in regard to bank account search.

If you choose to hire a reputed asset search services firm, you can get a chance to work with expert domain professionals who know how to make the most of their efforts, time and cost. 

There are several advantages to asset searches pre-litigation, during litigation, and post-litigation:

• Understand what tangible assets are in a individual’s name (e.g., homes, vehicles, businesses, etc.).
• Check the assets to make sure that the debtor does not try to move or hide them to avoid collection.
• Determine collectible assets.
• Check if the debtor has already covered or endeavored to hide assets to prevent detection.
• Find out if the debtors have other running liabilities or liens (e.g., other lawsuits, foreclosures, tax liens,  fines, etc.).
• Define where you may fall priority-wise in the line of collectors.

There could be hundreds of reasons behind the need to consult one of the asset search companies. The most  commonly given reasons are below.

1. Divorce proceedings

2. Difficulty collecting child support

3. Executive background checks

4. Vendor and contractor screening

5. Suspicion of business fraud

6. Lending money

7. Before filing litigation (Pre-Litigation Asset Search)

8. During litigation

9. Before negotiations

10. Suspicion of investment fraud

11. Due diligence before investment or acquisition

12. Probate cases

Types of Bank Account Search

There are different types of basic or advanced asset searches that can be carried for members of the general  public, businesses, or attorneys. Just some of the information that can be collect about an individual include:

• Resident history
• Vehicle ownership
• Property ownership
• Business ownership
• Judgments against
• Criminal history
• Employment history
• Domain name ownership
• Offshore accounts
• Photos of residence

US collection services has defined itself as an undisputed leader as a license collection agency and asset searches. They take pride in providing an extensive range of services to their clients that are spread across the United States. The strategies and skills employed by their dedicated team is what give them a distinctive edge in the industry. Over the years, they have successfully carried out some of the most complex searches and helped their clients identify the hidden bank accounts, real estate, safe deposit certificates to mention only a few. They have excelled in Asset Search Bank Accounts for identifying and tracking savings accounts and safety deposit schemes that have changed the face of judgments forever.

Their teams include experts with diverse backgrounds such as financial and private investigations and our clients have made us proud by availing asset searching and other services. U.S. Collection services has undoubtedly emerged as one of those companies that have reached the elixir by offering state-of-the-art investigation and asset searching services with unparalleled skills of investigation in this age of globalization.