FAQ
How does a Suite Solutions Credit Report help me save time?
A Suite Solutions Credit Report information downloads in less than a minute directly into debtor schedules. It automates tedious and error-prone data entry, saving you over an hour of typing and proofreading.
What’s the difference between a 3-source report and a 3-bureau report?
A 3-source report is pretty much what it sounds like – a report that pulls data from three different sources. Be cautious, however – a 3-source report typically combines information from two credit bureaus and a third ‘other’ source. A 3-source report can’t be called a 3-bureau report because the report provider hasn’t met Equifax’s eligibility requirements to provide Equifax data.
Why does this matter? Our research shows that reports pulling from only two bureaus (and a third ‘other’ source) leave out vital data as much as 40% of the time.
A Suite Solutions 3-bureau report includes data from all three national credit bureaus: Experian, TransUnion and Equifax, plus public records information, detailed medical collections information, and New Beginnings™ pre and predictive post bankruptcy credit scores.
What’s the difference between free credit reports and a 3-bureau report?
A free credit report typically contains a single bureau, and may contain outdated information. Once obtained, you’ll then need to type in all information manually – a process that’s expensive, time consuming, and prone to risky errors.
Why is it important to have information from all three national credit bureaus?
The three national credit bureaus, Experian, TransUnion, Equifax, are all trusted brand names. They also happen to be competitors vying for exclusive information from creditors. As a result, a creditor often reports information to a single credit bureau only, meaning that single- bureau and even two-bureau reports often miss debts owed to other creditors. The result for attorneys working with single-or 2-bureau reports? An incomplete bankruptcy filing, and later outstanding liabilities that come to light at the worst possible time for your client – when they’re trying to get a mortgage or other loan. As the attorney, your additional burden will be to go back and amend the petition. Making sure you obtain accurate and complete 3-bureau reports ensures that you’ll avoid the pain of missing data and missed liabilities.
What benefits do I receive as a Suite Solutions member?
- Downloadable, 3-bureau credit reports – the most accurate in the industry.
- Detailed medical collections information.
- New Beginnings pre and post-bankruptcy credit scores.
- Electronic storage of reports and certain documents accessible at your convenience.
- Fast access to tax transcripts in 1-2 days.
- Access to accurate property valuations.
- Free vehicle and vessel valuations.
- Fast ordering of Credit Counseling and Debtor Education courses.
- Industry updates via email alerts and the Suite Solutions newsletter.
- Live, certified, U.S.-based customer service.
Is it necessary to obtain medical information for my clients? Most credit reports don’t seem to include that.
Medical liabilities are frequently a major source of indebtedness for consumers. Unlike most credit reports available, Suite Solutions’ merged three-bureau reports contain detailed medical debt information so you can better understand the origin and scope of your clients’ consumer debt.
Are there any long-term commitments or monthly membership fees?
No. You only pay for the services that you need and request.
Do I need to have my client provide Suite Solutions with physical identification and the signed consent?
Suite Solutions only needs the signed order forms and ID's if your client fails to answer the authentication questions correctly. In that event, the credit bureaus require us to receive faxed copies before we can release the order for you to download.
Can I use due diligence solutions from Suite Solutions, such as bankruptcy specific credit report download, with Best Case Software?
Yes. All of Suite Solutions consumer bankruptcy due diligence products integrate easily and automatically with Best Case Software.
Can I use due diligence solutions from Suite Solutions, such as bankruptcy specific credit report download, with Bankruptcy 2009 – New Hope Software, Inc.?
Yes. All of Suite Solutions consumer bankruptcy due diligence products integrate easily and automatically with Bankruptcy 2009 – New Hope Software, Inc.
Can I use due diligence solutions from Suite Solutions, such as bankruptcy specific credit report download, with BankruptcyPRO – LegalPRO Systems, Inc.?
Yes. All of Suite Solutions consumer bankruptcy due diligence products integrate easily and automatically with BankruptcyPRO – LegalPRO Systems, Inc.
Can I use due diligence solutions from Suite Solutions, such as bankruptcy specific credit report download, with Chap 7 .. 13 – West, a Thomson Business?
Yes. All of Suite Solutions consumer bankruptcy due diligence products integrate easily and automatically with Chap 7 .. 13 – West, a Thomson Business.
Can I use due diligence solutions from Suite Solutions, such as bankruptcy specific credit report download, with Pro-Forma – Legal Solutions, Inc.?
Yes. All of Suite Solutions consumer bankruptcy due diligence products integrate easily and automatically with Pro-Forma – Legal Solutions, Inc.