Veda Consumer Credit Analysis
Veda Consumer Consulting
Veda Identity Verification and Vetting
Veda Skip Trace
Veda Fraud Protect
Knowing your existing or potential customer's level of credit risk is fundamental to the success of your business. Veda's Credit History products help to ensure you have all available information on your customer's credit activity assisting you to make an informed business decision about the credit risk in your business. A credit check helps you identify potential bad debt risks before they happen - during the application process saving you time and money. Veda's credit reports also include a credit score summarising Veda bureau information into a single powerful number a VedaScore. So your Veda credit report gives you the information you need to help you make more informed credit decisions for your business.
People who need money often seek credit from multiple lenders. So it's difficult for one lender to gauge an individual's growing risk profile. Often people have no history of arrears before defaulting or going bankrupt. Often multiple loans are used to artificially keep payments up-to-date.
When assessing credit applications you need to accurately judge whether someone should be granted credit. Making decisions based on an application form alone can mean you're not getting the full picture of someone's potential risk.