Before you hire a demolition contractor in Los Angeles you should get a couple of estimates for your demolition project. Before you hire a demolition contractor in Los Angeles you should check his license and insurance. Before you hire a demolition contractor in Los Angeles you should also check a demolition contractor’s credit.
Yes. Credit.
Why should you check a demolition contractor’s credit because a demolition contractor who has poor credit or a history of not paying subcontractors or workers can do your job and leave you holding the bag. Unethical demolition contractors do take people’s money and then don’t pay their subcontractors. This can make you, the homeowner, legally responsible for the money owed to workers and subcontractors.
So how do you check a demolition contractor’s credit?
The process is pretty easy. Ask for two to four recent credit references from your demolition contractor. Most legitimate demolition contractors can provide these credit references when asked. You can also check your demolition contractor’s credit through a third party agency. The three major credit bureaus (Equifax, TransUnion, and Experian) offer services for checking your demolition contractor’s credit.
Checking your demolition contractor’s credit is an essentially safeguard to protect yourself, your finances, and your home.
Recent Comments