Consumer Credit Reports

This blog is to give you an insight into why to carry out consumer credit reports, what you can receive and how these reports benefit your company when carrying them out.

A recent study has show that 2013 has seen a marked increase in company credit checking and this is almost certainly down to the recent company failures of some of what we call the 'blue chip' companies like HMV and Comet.

However, with the new found awareness of company credit reporting there is still often a problem in obtaining good quality information for sole proprietorship and partnership businesses.

As long as you have the relevant permission and data protection licence you are able to carry out consumer credit reports on the individuals operating the businesses. The benefit of these types reports is that you can obtain current information on the owners which will assist in not only setting credit limits but also ensure that you have information so if there is a problem with payment, you have a confirmed residential address to assist in recovering your outstanding monies.

Our consumer credit reports confirm information such as:-

ü CONFIRMATION OF NAME& ADDRESS.

ü ELECTORAL ROLLCONFIRMATION.

ü INSOLVENCY SEARCH.

ü COUNTY COURT JUDGMENT &BANKRUPTCY SEARCH.

ü ADDRESS LINKS.

ü GEO-DEMOGRAPHICPROFILE.

ü CONSUMER SEARCHHISTORY.

ü CREDIT SCORE.

The main companies/industries that use this form of information are food & drink wholesalers and distributors, plumbing & building merchants, agricultural merchants and insurance brokers for their due diligence purposes. However this service is becoming widely used is assistance to credit checking the directors or shareholders of Limited Companies.

I am pleased to confirm that creditserve offer cost effective packages for all of your credit checking requirements, so please do not hesitate in contacting us direct sales@creditserve.co.uk, on twitter @creditserve or LinkedIn Martin Brown.