Debtor Status Reports for lenders and their counsel
Know the borrower’s position before the next step on a mortgage default, loan default or deficiency file. An experienced credit investigator reports on their assets and income.
QCR is not a collection agency or a private investigator. Business clients only: for lawyers, lenders and businesses with a legitimate business need.
- Real property, mortgage interests, vehicles and equipment
- Business interests, income and an address for service
- Licensed credit reporting agency, in business since 1992
What the Debtor Status Report covers
The report sets out the debtor’s assets and income, with an address for service. QCR reports are comprehensive, current and verified.
- Real property, including transfers of title
- Mortgage interests, including vendor take-back mortgages
- Motor vehicles and equipment
- Other personal property, such as goods and inventory
- Business interests and affiliations
- Rental income
- Wages and other income
- A current address for service
Debtor Status ReportThe borrower’s position today, not when the loan was made
When a mortgage or loan is in default and a deficiency remains, the next step depends on what the borrower holds today. That may be quite different from their position when the loan was made.
A Debtor Status Report sets out that position in one report. Lenders and their counsel can then decide the next step. QCR provides these reports to financial institutions and the law firms that represent them.
A credit investigator’s report, not a database snapshot
A QCR report includes a land title sub-search for real property and mortgage interests. That is not part of a standard database snapshot.
| Topic | QCR investigative report | Database report |
|---|---|---|
| Who prepares it | A specific, experienced credit investigator assigned to your file | Drawn from a database |
| What you receive | Comprehensive, current and verified information | Just a snapshot of the situation |
| Land title records for real property and mortgages | Included | Not part of a standard database snapshot |
| How the file is worked | An investigative approach, starting fresh with every file | A traditional database report |
Common questions
Who can order a Debtor Status Report?
Lenders, the law firms that act for them and other businesses with a legitimate business need. QCR is a fully licensed, national credit reporting agency. It has provided reports to businesses since 1992. QCR is not a collection agency or a private investigator.
At what stage of a file is the report useful?
Lawyers and lenders use it to decide the next step. That can be before starting a legal action, or when weighing how to enforce a deficiency or a judgment.
What kinds of lending files does QCR support?
QCR’s debt recovery reports support mortgage enforcement and banking litigation. That includes non-performing residential mortgages, defaulting loans and lines of credit, equipment and vehicle financing, and special loans.
How is pricing set?
You can order single reports or choose a package suited to your needs. Choose Pricing at the top of the form and the QCR team will email you pricing.
What happens after I submit the form?
A member of the QCR team replies to your work email with the sample, pricing or brochure you asked for. They can also answer questions about your files.