Ferret Review 2024: What It Is, How to Use It & Is It Worth It?

Ferret is a tool that's all about trust and credibility in the business world. It's designed to help you make informed decisions by providing business and reputation intelligence at the right time. This is particularly useful for investors, finance professionals, and executives who often need to quickly assess the credibility of potential clients or business partners. It's also potentially a handy tool for law enforcement and non-profit organizations. The tool is not intended for consumer reporting or decisions about consumer credit, employment, or tenancy, and it's not compliant with the Fair Credit Reporting Act (FCRA).

One of the main pros of Ferret is its ability to automate the initial level of protection in business interactions. This can save users a lot of time and effort that would otherwise be spent on due diligence. The tool is also user-friendly and easy to use, with a simple sign-up process and a free trial available. It's available for both Android and iOS users, with a beta version currently available for the latter.

However, Ferret is not without its cons. Since it's not a consumer reporting agency, it may not provide all the information that users need to make decisions about consumer credit, employment, tenancy, or other purposes that would require FCRA compliance. Also, while the tool is designed to be user-friendly, some users may find it difficult to navigate or understand the information provided.

As for pricing, Ferret offers a free trial that gives you access to 10 searches. This is a great way to test out the tool before making a financial commitment. There are two different subscription plans on offer for those who need more searches and additional features.

In conclusion, Ferret is a useful tool for those who need to quickly assess the credibility of potential business partners or clients. It's not perfect, but it's a step in the right direction for automating the initial level of protection in business interactions. Just be aware that it's not a consumer reporting agency and may not provide all the information you need for certain decisions.