Before you give credit, know the score.
New legislation is fundamentally changing Australia’s credit landscape. As a lender, responsible lending laws now require you to make ‘reasonable enquiries’ about a consumer’s financial situation.
Benefits to you
VedaScore can help you to:
- Increase approval rates and revenue in the small business sector
- Lower your risk exposure through access to detailed data
- Reduce acquisition costs through automation
- Increase consistency in assessment processes
- Make the right lending decisions to approve the right customers
- Provide one single, easy-to-understand score.
Veda holds more fit-for-purpose credit data than any other organisation in Australia, with information on 1.9 million registered companies and 1.7 registered business names, and 16.1 million individuals across 17.2 million identities.