Credit & Background Checks
Nine hundred cases of identity fraud uncovered in the past 12 months are just the tip of the iceberg say police intelligence experts, – June 15 2008
2058 companies go in liquidation during 2007 – 08
Icon Digital Entertainment Administrators report includes financials for the company and according to Icon’s Management Accounts, losses totalled $9,576,000 for the 14 Months to 31 October 2007
Companies, Other Entities & Individuals
Know the risk of your proposed customer
A DEBTFORCE credit check of your proposed customers before providing goods or services to them is essential and can save thousands of dollars in lost goods and litigation costs. These background checks can also be conducted while still trading with your customer to ensure there are no unseen changes to your customers circumstances, structure or trading patterns that may give cause for concern when your exposure to them could be extensive.
The DEBTFORCE background check service will save you many frustrating hours taken out of a productive day trying to process such applications. Often just trying to contact the appropriate person given in the credit reference can take several calls to get the required information.
DEBTFORCE can make these enquiries on it’s clients behalf but where individuals are concerned it is essential to have a signed document (normally a credit application) that contains the appropriate privacy clause allowing such checks against individuals to be carried out with their knowledge and agreement.
The service provided is more than simply a credit check through one database. A detailed search is made from a range of data sources including such companies as Veda Advantage who hold extensive credit related data on consumers and companies.
Searches are conducted to establish any adverse history as well as good credit history. Along with this enquiries are to identify any insolvency, bad debt, or other previous defunct companies by company shareholders or directors. Included will be comments from those references provided by the potential customer that will provide a brief indication of their actual monthly trading with that business.
