Credit Checks
When identity and credit fraud are continuing to grow at an alarming rate, just the
confirmation that a person is who they say they are can provide some level of
comfort to your business. Intelligent information can make all the difference to
effectively identify these potential risks.
It is important to
any business as part
of their risk
management
strategy to establish what risk an applicant seeking
to obtain credit facilities may or may not be to the
business. The ability to check and confirm an
applicant’s details as well as their purchases, credit
levels and payment history with third parties can
assist to minimize the exposure a business has to its
customer base.
Information contained in the report
Confirms information provided by the
applicant
Veda Advantage for credit history
Ownership, directorships or shareholdings in
other businesses
Bankruptcy Liquidations and No Asset
Procedure
Debts from the DebtForce and other
databases
Personal Properties Security Register for
secured assets (up to 3 detailed listings)
Property owned or previously owned
Drivers licence information confirmed
Other information that is found during the process which may be relevant
Tenancy Tribunal for possible rent arrears
COSTS
Individual Check $45.00 – Company Check $55.00 – Reference Report – $35.00
plus GST
Credit Applications
Terms of Trade
With the changes in laws and acts that have occurred
and are still occurring, the revision of the company’s
terms of trade and credit application document need to
be reviewed regularly.
This is not only to conform with the business credit
policy but also to protect the business from the
unscrupulous and to ensure it complies to those
changes..
This document is the receivables management
insurance policy for the business and should not be
treated lightly. It is a legal document and must be
enforceable in any court when required, but also must
be reasonable for the potential customer to accept.
A no-obligation review of your terms of trade can be
conducted to ensure the business is as protected as it
can be.
COSTS
$300.00 ex gst
Credit Checks & Applications
Know the risk of your proposed customer