C r e d i f a c t s
Commercial Credit Profile Reports
Minimize credit risks to Maximize profits
C r e d i f a c t s
Commercial Credit Profile Reports
Minimize credit risks to Maximize profits
about us
CREDIFACTS has over 65+ combined years of experience within the credit investigative information industry.
Our investigative approach on each commercial credit profile report helps to ensure your company receives the most accurate & timely information available about your customer to assist you with making the best informed credit decision.
The credit profile report is a quick and easy way to evaluate the companies you plan to do business with in order to determine whether or not to proceed and if yes, on what credit terms.
Favorable credit terms you give to your customers may increase your competitiveness but it will also expose you to higher credit risks.
To help you minimize the credit risk, to increase your chances of being paid on time and to turn your sale into a positive business advantage the need to access and monitor the credibility of your customers has become an absolute necessity.
CREDIT APPLICATION authentication
Having customers complete your credit application is the first step towards extending credit terms. We recommend to all our clients to obtain a credit application.
Our valued clients forward to us the credit application and we start to work on preparing a credit profile report including a credit risk score.
Make credit decisions with confidence
BEFORE EXTENDING CREDIT TERMS KNOW WHO YOU ARE GETTING INTO BUSINESS WITH.
Getting to know some of the facts behind your customers is the key to make a better informed credit decision which may help you lower the credit risk. Credifacts can help you make the right call by providing you with the latest updates about a companies background and some information on the companies financial strength.
A Credifacts Commercial Credit Profile Report may contain information such as a credit risk assessment score, is the customer considered a low risk, moderate, potential or high credit risk, plus:
Company information
Registry ID #, business number, incorporation date, business type, company status, registered office address, telephone, fax, email, any known affiliated companies and website.
Business Overview
A summary outline of the nature of your customers business and company history.
Social Media
Social media platforms, posts, followers.
Trade Supplier information
Account balance & aging, # of years open, credit terms extended, credit risk.
Public record information
Any information about legal notices, on-going litigations, court judgments, and third party collections.
order a commercial credit profile report on your customer
Minimize your losses to maximize your profits.
The 5 cs of credit are character, capacity, capital, collateral and conditions
Benefits from obtaining a Commercial Credit Profile Report
Find out who are the risky customers before you deal with them.
Our easy to read commercial credit profile report provides you with details about your potential or existing customer and their company history.
Benefits from obtaining a Commercial Credit Profile Report
The 5 cs of credit are character, capacity, capital, collateral and conditions
Benefits from obtaining a Commercial Credit Profile Report
Any company extending credit terms to their customers will benefit from obtaining a Commercial Credit Profile Report.
Conducting a credit risk assessment on your customers and your vendors is vital to the success of your business. Whenever you take on a new customer, a new vendor or even provide your valued customers with extended credit terms, you take on a higher level of credit risk.
The credit risk compounds even further if you determine your customer has other companies under different names.
Our investigative Commercial Credit Profile Reports may result in identifying these other companies and the people behind them.
Our commercial credit profile reports takes into consideration the 5 C's of Credit which is a system used to gauge the credit worthiness of a customer or vendor.
The system weighs five characteristics of the customer to estimate the chance of default in payment and consequently the risk of a financial loss.
The 5 cs of credit are character, capacity, capital, collateral and conditions
The 5 cs of credit are character, capacity, capital, collateral and conditions
The 5 cs of credit are character, capacity, capital, collateral and conditions
• The five Cs of credit are used to determine the creditworthiness of potential customers, starting with the customer’s character, which is the company’s credit history. This information appears on the customer’s credit report. The credit report contains detailed information about a customer.
• Capacity is the customer debt to income ratio.
• Capital is the amount of money that the customer has.
• Collateral is an asset which can back or act as security for the credit terms being considered.
• Conditions are the reasons as to why the customer requires the credit terms.
COMMERCIAL CREDIT PROFILE REPORTS
Credifacts commercial credit reports are customized and
tailored to our clientele augmenting their existing
credit granting policies and procedures.
Our Commercial Credit Profile Report is an evaluation of the subject company's credit history and any potential credit risk
you should be aware of .
Our objective and verified information sources such as government registries, financial institutions, third party collection experiences, court records, trade references and social media provide a summary of a customer's credit risk.
For further information contact: info@credifacts.com