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01 July 2014

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About our new online Credit Report shop that will be launching soon...

The new online shop from UK Credit Reference agency Creditserve Business Information Ltd, will allow new users, existing customers and web searches to buy Credit management, Credit Control, Supplier analysis and business researching products online from anywhere around the world, 24 hours a day, 7 days a week.

 

These Credit Management,  Credit Control, Supplier Analysis and business researching products include UK & Ltd, Plc Company Reports, UK Non Ltd Reports, Bespoke Fresh Investigation Reports, UK & IE Director Reports, Online European & USA reports, Consumer Reports, Anti-money laundering (AML) reports and offline Fresh investigation international reports for any company around the world.

 

If you require these products on a pay as you go, or small bundle basis please feel free to visit the online store once it has gone live.  In addition to the single and small bundles of reports and related products within the store we will also provide tailored credit management packages of our services as well as commercial debt collection services, outsourced credit control services and assistance in implementing solid credit control systems, processes and procedures.

 

Please take a look at our online shop when it launches and if you see anything that you like please take advantage of the introductory offers.

 

If you want a tailored proposal for a package of services or a higher volume usage requirement please complete the online application form and we will be in touch as soon as posible.

 

 

Credit check your potential new customer

 

If you do not know the credit status of your customer, you increase the risk of being paid late or not at all. Prior to supplying goods or services on credit you should know the financial status of the companies you are doing business with. You should start of by obtaining the following information:-

Company details

 

In each case you should obtain a signed credit application, which is signed by a proprietor, partner or director of the business. The following basic details dshould be obtained as part of the application:-

 

  1. Full name and address of the business including registered number (if company is limited). Also including other trading names and addresses.
  2. Full names and residential addresses of sole proprietor or partners. They are personally liable for all debts incurred so the residential address should always be obtained.
  3. The currect legal status of the business e.g. Sole trader, partnership or limited company
  4. Names and addresses of trade references.

Obtaining consent

It is important to obtain written consent from the potential customer to carry out credit checks on their business. This is particually important if you are credit checking sole traders and partnerships at their residential addresses. As part of the data protection act you must have a DP licence and the permission of the subject to carry out the credit searches. Normally this consent is obtained by adding a paragraph in the credit application form that credit checks will be carried out on them.

 

Company credit check

A company credit check is taken out on the prosective customer to determine if they are creditworthy. A detailed credit report from a credit reference agency, such as Creditserve Business Information Ltd. Our reports provide comprehensive information, which would allow you to make an informed decision about the customer you intend to do business with.

The credit check can be carried out online therefore allowing you to make an instant decision. The online credit check will provide you with a credit opinion and a risk score, which will indicate the likelihood of the business becoming insolvent within the next 12 months.

 

Creditserve Business Information Ltd can provide one off online company credit checks on a'pay as you go' basis these reports can be obtained via ourOnline Shop

 

Google Author: "By Chris York"

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Creditserve Business Information Ltd is registered by the Financial Conduct Authority under registration number 626460.
Authorisation can be checked on the consumer credit register at www.fca.org.uk