Thursday, April 11, 2013

Licenses, Etc. - A DBPR Approved Credit Reporting Agency

In Florida, to work as a State Certified Contractor the Department of Business & Professional Regulation’s Construction Industry Licensing Board requires all applicants need to provide credit reports personally and on the business entity they want to qualify. Both credit reports must indicate that local, state, and federal records have been searched and personal credit reports must contain a FICO derived credit score.

Licenses, Etc. is now on the Florida DBPR’s List of approved Credit Reporting Agencies!

Our credit reports include:

  • FICO Score
  • Statement that Public Records have been searched at the Local, State and Federal Levels

So whether you need just a report run or you need an entire application service, call the team at Licenses, Etc.

Credit Report FAQs

Why do I need a Credit Report to get a Contractor’s License?
Your Personal Credit Report enables the State to make a decision on your Financial Responsibility and lets them ensure that the contractor applying for the license is Financially Responsible.

Why do I need a Credit Report for a newly formed business?
They are checking for open liens, judgments and bankruptcies. The State requires that all companies must have a credit report included in the application. The fact that it is a new company does not negate the need to have a report run on that company.

Can I have I have any open bankruptcies, judgments or liens?
The company, applicant and any officer of the company cannot have any unpaid Liens, Judgments or non-discharged Bankruptcies. You will be required to show legal documentation of satisfaction or discharge as proof in order to have your application reviewed.

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