In Australia’s growing economy, loans and collateral are a big part of personal life and the business world. Thousands of transactions involving the security of personal property are processed every day.
Unfortunately, this also means that fraudulent transactions are becoming more and more common.
This causes companies to be unable to collect loan money, resulting in individuals having difficulty getting loans due to the proliferation of reluctant loan companies. This is where a PPSR search with InfoTrack can come in handy.
What is InfoTrack?
InfoTrack is one of the Australian market leaders in providing PPSR search to thousands of individuals and companies. They promise 30% less time on property searches and provide an excellent way to manage and book personal, corporate, and property searches using state-of-the-art systems. Using their intuitive search system, they provide smooth and fast transactions with billing information immediately available.
They offer functions such as bulk orders, setup and automatic issue, flexible shipping options including visualization of your data, re-issue at no additional cost, and automatic matching and name verification.
The Benefits of Searching PPSR with InfoTrack
- This gives you the ability to search private property securities listings for personal property security claims and interests. It gives you the ability to calculate the risk of lending money to debtors. By tracing PPSR, you can find out whether the personal property has been used as collateral for other financial obligations, thereby reducing the risk of not being able to take your money when the debtor fails to pay.
- It provides tools to help create and manage Guaranteed Party Groups (SPGs) and Registrations. Using the tools provided by InfoTrack, you can add or manage groups of secured parties, thereby assisting the guaranteed parties in managing the securities registered with them.
- Able to provide data and calculate risks to clients and businesses. With all the information that a PPSR search with InfoTrack can provide, you may be able to provide important information that your clients may need. This reduces reluctance and increases client trust thereby making them more willing to avail your services.
What can I track with PPSR search with InfoTrack?
InfoTrack provides a wide variety of PPSR searches which include:
- Organizational grant-making searches that identify whether the company or organization has existing registrations of specific personal property.
- An individual grantor search that identifies whether an individual has an existing registration of a particular personal property.
- Serial number lookups identify current registrations for personal property such as motor vehicles, boats, airplanes and intellectual property.
- Registration lookup that provides details of the serial number of the given private property registration.
- Ordinal search which provides information about the order of two registration events.
The growing Australian market makes way for great services like InfoTrack to exist. It gives you the opportunity to expand and sustain your business, by providing you with ways to minimize risks caused by events that can be avoided using the right tools.
By using InfoTrack services, you are guaranteed to have a safety net in all your financial transactions.
