Your company's credit rating can have a big impact on your financial future. As a result, it warrants close attention from businesses.
What Is My Credit Rating Used For?
Your credit rating is a number that lenders and other organisations use to ascertain your creditworthiness. It's typically based on credit activity for the prior seven years. It's updated, not only if you default on a loan, but whenever you apply for credit.
It's vital that you take a proactive position when it comes to managing your credit file - being informed regarding what's included in your credit report is the first step.
As a part of the industry-leading Veda (formerly Baycorp Advantage), Business Credit Express can provide you with the information necessary to manage your credit rating. Through Veda, we have access to Australia's largest database of consumer and business information. By supplying you with your credit file in an easy-to-understand format, we hope to enable you to make savvy financial decisions in future.
Business Credit Rating
It's not just individuals that can fall foul of a bad credit rating - businesses may find their credit options severely restricted if their credit file shows financial management in a negative light.
Similarly, if you're considering a new business relationship that will expose your company's finances, it pays to do due diligence on your potential partner first. This may include actioning Business Credit Express to compile a credit report on your behalf.
Other business information services that we provide - available to purchase online - include:
Company Credit Report
Our Company Credit Report report is for assessing the creditworthiness of low-high exposure business accounts. It includes a scored risk assessment. The service is appropriate for both business-to-business and consumer-to-business dealings.
For personalised advice on which Business Credit Express service to purchase, please contact a member of our customer service team on 1300 921 621 or email us at email@example.com.