Effective credit checks are an essential part of running any business.
Is a customer likely to go out of business owing you money? Will a customer delay payments, costing you time and money as you chase the payments?
As a business you should have a clear approach to managing credit risk. If you do, your customers will soon learn that you are serious about credit management and your payments will be prioritised above their more lax suppliers.
Credit limits offered to individual customers should reflect their risk of defaulting on payment. The limits you set should be based on references and credit checks.
Credit reports make it easy for you to build an effective credit control process. They show detailed Company information, risk scores and suggested maximum credit limits.
Find it. Read it. Protect Yourself.
It is now possible to obtain online company credit reports fast enough to use them as a basis for real-time decision making. For only £29.00 you can buy a comprehensive credit report which details the balance sheet, debtors, cash at bank, directors details, CCJ information and gives you a comprehensive credit score and contract limit going back for upto three years. See what is included in the report.
(Now includes free copies of the latest accounts and annual return filed at the Companies house registry):
To get your credit report, type the name of the company you need a report on into the box below and click submit.
Order today and as an added bonus we will send you a copy of the offical accounts for the target company for the last three years where available.
 |
For your security we use Google Checkout which is 100% safe to shop with and at no point is your personal data stored on our servers.
Introduction to Credit Management
Having a good system of credit control is essential for any business, and particularly so for new businesses with limited cash resources.A company that ignores credit risk are far more likely to suffer uncollectible debts, liquidity problems and even business failure.
View the full article on Credit Management
Credit Policy
A Credit Policy defines the standard credit terms that you offer to customers. New customers should be sent a copy and asked to sign and return the document as evidence that they are aware of, and accept your trading terms.
View credit policy article