Individual Commercial Enquiry

Informed commercial credit decisions on individuals

When you're running a business you need to quickly and consistently determine whether or not to grant a customer credit. Making decisions based on a credit application form alone can mean you don't have the full picture of an applicant's potential risk.

 

Veda's Individual Commercial Enquiry report gives you the credit history of individuals such as business proprietors, company directors or sole traders stored on Veda's database - helping you determine credit worthiness.  When enriched with Individual Consumer credit information you gain a picture of an applicant's credit activity across multiple lenders. Access to personal information (including individual commercial credit) is also subject to the Privacy Act and most users will have an NPP obligation you will need to address before ordering an individual commercial enquiry.

 

With the support of the largest, most comprehensive and current coverage of consumer and commercial credit data in Australia you can make more accurate credit decisions  ensure  early identification of debtors credit activity. Commercial enquiries can help you:

• Make informed lending decisions by gaining insight into a customer's willingness and ability to pay
• Helps ensure you are dealing with the correct legal entity
• Make timely decision with real time reports

 

When accessing personal information users need to make sure that their disclose of personal information to Veda and the access to either individual commercial or consumer credit information is in compliance with the Privacy Act 1988 (the Act).