Credit Reports & Score Checks
Business owners need to be proactive when it comes to protecting their cash flow and profit. That’s where we come in. We provide business owners with the tools they need to stay on top of their receivables and collect payments from slow payers and bad debts. We only use tested and proven collection tools, such as Business Credit Reports and Credit Scores, to achieve these results. With our help, business owners can keep their cash flow healthy and their businesses profitable.
By obtaining a Business Credit Report and Credit Score on all new customers you will be able to make informed and consistent credit decisions which will reduce your risk.
It lets you know who you are dealing with, view any negative credit information against a business and provides you with a statistically based score indicating an entity’s potential to default.
If you provide credit you need to obtain a credit report and score before you start!
5 star rating by customer
5 star rating by customer
What is a Credit Report?
A Business Credit Report is a detailed report of a business’s credit history. Credit reporting bureaus collect information and create credit reports based on that information, and credit providers use the reports along with other information to determine the customer’s credit worthiness.
Business Credit Reports help by:
- Confirm the correct legal name of the business
- Confirm whether the business is registered
- Determine who are the owners of the business
- Determine contact details for the business
- View any negative credit information against a business, such as court judgments, potential winding up proceedings and payment defaults
- Assisting you in making informed and consistent credit decisions
The Business Credit Report data is provided by Creditorwatch. Creditorwatch is a commercial credit reporting bureau with over 55,000 users. Creditorwatch obtains data from a number of sources including the Australian Securities and Investment Commission (ASIC) and the Australian Taxation Office (ATO).
What is Credit Score?
A Business Credit Score is a statistically based score indicating an entity’s credit risk and is designed to assist you in making informed and consistent credit decisions. It is used to determine whether you want to provide credit.
The Business Credit Score data is provided by Creditorwatch. Creditorwatch is a commercial credit reporting bureau with over 55,000 users. Creditorwatch obtains data from a number of sources including the the Australian Business Register, Magistrates Courts in each state, Corporations and their own users.
Did you know that there are around 40 companies that go into liquidation every day? So what happens when a company goes into liquidation?
Collection action will stop against the company and you deal with the liquidator. It is unlikely that you will see ever any return of your money.
Protect yourself by obtaining a Credit Score
How does the credit report and score
make you money?
The more you protect yourself from the costs associated with defaulting customers the more profit you make. If the customer does not seem creditworthy, ask for payment upfront. By using Business Credit Reports and Credit Scores it really does make you money!
Being proactive can save you thousands!