Credit Score on Individuals - Veda Score

Grow your market share with a robust risk assessment process

This is the leading score in Australia for businesses that require a robust risk assessment process to enable growth in market share in the small business segment – while also reducing acquisition costs.

Veda's access to both personal and commercial data, sourced from a broad spectrum of industries and credit providers, allows credit managers to access superior scorecards that would be difficult to replicate elsewhere.

VedaScore makes full use of all available Veda data, including:

Personal + Commercial Data

Because many small businesses and sole traders utilise personal credit to fund business expenses, the addition of Veda's individual data considerably improves, by a significant 32%, the scorecard's ability to differentiate between high risk and low risk applications.

Enquiry + Adverse Data

High volumes of enquiries for business and personal credit to multiple credit providers can indicate financial distress. In a sector where failure rates have been high, it's important to know more about the credit exposure of a small business or sole trader.

VedaScore also assists credit managers to maintain approval and decline rates, while at the same time delivering higher portfolio profitability by helping to ensure declined accounts are specifically placed in the high risk category.

Veda's ability to access enquiry and adverse data is critical in helping customers understand the full picture of a small business or sole trader, and instantly improves the reliability of the risk score attributed.