A bad credit rating can be fixed. However, it's important to know what actions dragged down your business associates' or clients' credit score in the first place.
A poor credit rating may be the result of credit card debt, defaulting on loans, or even failing to pay a mobile phone contract. It can also hinder the business' or clients' efforts to secure credit in the future, or imply a greater risk to your business' financial future by association.
It's a savvy move to periodically check business accounts' credit file in order to avoid getting a nasty shock when it comes time for you to establish their creditworthiness with a lender or even potential new business client.
Business Credit Express can provide you with a detailed dossier of everything contained within a credit report, plus analysis of the risk it presents to your business. We're backed by Veda (formerly Baycorp Advantage), Australia's industry leader. As a result we have at our fingertips the largest local database of business and consumer information.
At Business Credit Express our raft of world-class services are beneficial for more than establishing credit history. A company or business credit report may reveal financial information the company would not divulge by choice, and which could have a significant impact on your own company in the future if you proceed with the business relationship. These factors may include share division or a history of insolvency.
Our first-rate information services include:
Company Credit Report
Advisable for assessing the creditworthiness of low-exposure accounts, the Business Credit Express Company Credit Report product ascertains a scored risk assessment utilising both Veda and publicly-available data.
ASIC Company Report
Our Australian Securities and Investments Commission (ASIC) Company Report (Basic) and Company Report (Premium) provide confirmation of a company's registration and ACN.
You can purchase all any of the Business Credit Express reports online.