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How to find financial information

Back in August 2014, we reported on the UK bankruptcy epidemic, which saw around 300 people being declared bankrupt every day.

Following this, the number of individual insolvencies dramatically increased, while British pensioners were more likely to go bankrupt in September than at the height of the recession.

With so many people in the UK struggling to make ends meet, it’s essential that individuals, landlords, tenants, businesses and sole traders are more careful about who they enter into financial relationships with.

Peopletracer offers a number of financial search tools to help you check the financial background of individuals and businesses. This then enables you to make an informed choice about whether or not the person or business in question is a safe investment.

This guide will tell you more about the tools on offer, and how they can help you.

Piggy Bank

Image by kenteegardin

Why it’s essential to check financial backgrounds

It doesn’t matter who you are, when you enter into a financial relationship with a business or individual, you’re taking a risk. The only way to minimise this risk is to ensure that the business or individual in question is legitimate and that they don’t have a history of financial problems.

Here are the pitfalls you need to watch out for:


As a landlord, you need to do everything you can to ensure tenants are who they say they are. Make sure you do a credit check and look out for financial problems, such as County Court Judgements – tenants in financial difficulty may not be able to consistently pay rent.

If you let your property through a recognised lettings agency, they can carry out a credit check for you, as well as gathering other useful information, such as tenant references. It’s highly recommended that you employ a letting agency to carry out these steps.

Read our ‘Landlord Check Guide’ for more information.


With house prices soaring, many of us are turning to renting. The consequent increase in demand has led to ‘rogue landlords’ getting away with more than ever. As a tenant, you need to know your landlord is who they say they are, in order to avoid getting ripped off.

Scams such as rental fraud – when prospective tenants are tricked into paying an upfront fee for a property that doesn’t exist – are common, so a history of financial problems or clues that the landlord is using a fake name could be warning signs.

There are a number of precautions you should take before handing over any money to a landlord:

  • Never wire money for a deposit – landlords should accept a cheque

  • Ensure you pay a deposit and that it is properly protected in an authorised scheme

  • Ask the landlord to provide up-front and in writing, all of the costs you will be expected to pay for the duration of the tenancy

  • By law, you have the right to know who your landlord is – make sure you know their name and address, and check that they own the property they are letting (you can find out the owner of a property using our Address Search).

Read our ‘Tenant Check Guide’ for more information.


If you enter into a financial relationship with another business, it’s important to verify the legitimacy of the company and that it doesn’t have a history of financial difficulties. If you don’t take these steps, you risk future problems.

There are a number of precautions you should take before entering into a financial relationship with another company:

  • Check that the director of the company is who they say they are (you can do this using our Director Search)

  • Verify information about a company and check accounting information (you can do this using our Business Search)

Read our post ‘Why Finding Company Information Is Easier than You Think’ for more information.


We all regularly enter into financial relationships with businesses – whether it be our phone provider or a company we’ve bought from on finance. Generally, these are global companies that we know have a solid track record.

But, what if it’s a smaller company that you know less about? Before you entrust any company with your financial details, you need to be positive that they’re a trustworthy business, with a good financial background.

Using Peopletracer’s tools to find financial information

On top of the precautionary measures already described, Peopletracer’s tools can help you to find financial information at the click of a button, giving you peace of mind.

Peopletracer Packages


To get started, create an account and then choose a package to suit your needs. If you’re only searching for the details of one individual or business, the bronze package should be ideal, however if you want to search for a number of individuals or companies, you may need to purchase a bigger package.

Which tools should I be using?

CCJ Search

County Court Judgements are an order placed on those who have defaulted on their debts and are enforced by judicial courts. Once the CCJ has been registered, the debtor has 28 days to repay their debts. If they do this, they can ask for the CCJ to be removed.

CCJs are extremely useful when conducting background checks, as they are recorded on the Register of Judgements, Orders and Fines in England and Wales for six years.

Peopletracer’s County Court Judgement Search will confirm if there is a CCJ against an individual and will also check the equivalent records for Scotland, Northern Ireland, Isle of Man and Jersey.

Bankruptcy Search

A form of insolvency, bankruptcy clears all of the debts owed by an individual. It is imposed by a court order and can only be declared if someone’s unsecured debts outweigh their assets.

All of the assets of the individual become the property of the bankruptcy trustee. After someone is declared bankrupt, their creditors will write off their unsecured debts. While this allows them to make a fresh start, there are restrictions for the 12 month period of bankruptcy.

Peopletracer’s Bankruptcy Search provides you with:

  • The individual’s name

  • Their address

  • Their case number

  • Their date of birth

  • The court used

  • The start date and status of the bankruptcy

Individual Voluntary Arrangement Search

An Individual Voluntary Arrangement is a form of insolvency, whereby an individual agrees to make payments at a price they can afford over a given period. After this, their debts are written off.

IVAs are entered into by those looking to avoid bankruptcy, and the agreement makes it less likely that they will lose their home. However, IVAs remain on an individual’s credit files for six years and are likely to have an immediate effect on their credit rating.

Our Individual Voluntary Arrangement Search will provide you with:

  • The individual’s name

  • Their address

  • Their case number

  • Their date of birth

  • The IVA start date and status

  • The court used

Debt Relief Order Search

A Debt Relief Order offers residents of England, Wales or Northern Ireland a way to deal with their debts if they don’t own a home, have little spare income and have debts of £15,000 or less. As a result, the individual’s creditors can’t recover their money without the court’s permission and they will usually be discharged of their debts after 12 months.

DROs cost £90 and applications are allowed without attending court.

Our DRO search will provide you with:

  • The person’s name and any aliases

  • Their address

  • Their date of birth

  • Their occupation

  • The case number and description

  • The DRO start date

  • The Insolvency Office used and its address and telephone number

Business Search

Peopletracer gives you access to information about local and national UK businesses. Our Business Search provides results from Companies House, Thomson and the Telephone Directory, including company registration number, trading address, date of incorporation, company appointment and financial information, such as accounting details.

It doesn’t matter who you are, entering into a financial relationship with an individual or business is risky. To minimise the possibility of future problems, it’s important to check the individual is who they say they are, that companies are legitimate and that individual’s or company’s financial information doesn’t cause you concern.

To protect yourself and find the information you need, sign up to Peopletracer today.