Your credit report can influence your ability to secure finance from would-be lenders. As a result, it pays for both individuals and businesses to stay vigilant regarding its contents.
What Is My Credit Report Used For?
Your credit report contains your credit history dating back as far as seven years, as well as your current credit rating. Its purpose is to establish your creditworthiness. Credit events included in your credit report may be as serious as defaulting on a loan, or as seemingly minor as applying for additional credit (whether successful or not).
Why Is It Important To Know What's In My Credit Report?
Being aware of the information contained in your credit report, plus your current credit rating, enables you to be more proactive about managing your financial future. Business Credit Express - a part of Veda (formerly Baycorp Advantage) - will provide you with your credit history in a report that's both comprehensive and easy to understand. Through Veda we have access to the largest local database of consumer and business information.
What About My Business Credit Report?
Of course, individuals aren't the only ones who need to be vigilant when it comes to credit history. Businesses can also find themselves on the wrong side of a bad credit rating if they don't conduct due diligence before entering into new partnerships. If this happens, companies may find their future credit options severely limited.
Business Credit Express can assist with all your business credit reporting needs. Whether you're assessing an existing professional relationship or an aspiring business suitor, our reports provide:
- Comprehensive analysis of a company
- An industry-approved online score for SMEs
- A world-class alternative to costly investigations
- Reduced application processing expenses
- Reduced exposure to bad debt
Should you require any information on Business Credit Express' reports, in addition to what's available on our website, please don't hesitate to contact a member of our customer service team on 1300 921 621 or email subscriber.assist@veda.com.au. All Business Credit Express reports are available to purchase online.
