Who Can Request a Business Credit Report?

business credit report

i-Check Data Solutions is excited to announce the launch of our affordable fully comprehensive Business credit report. Thanks to the Internet, just about anyone can run a request for a business credit report. Even though the rules for requesting business credit reports have been relatively less restrictive than those governing personal credit profiles, individuals with no connection to trade financing rarely had the knowledge to access fiscal data for corporations and small businesses. Understanding the contents of a business credit report can help owners shield their companies from undue scrutiny.

Business credit reports don’t follow the same rules as personal credit profiles. For instance, a personal credit report relies exclusively on information tracked and vetted through banking and accounting relationships, often verified by third parties. However, a business credit report can include trade details submitted directly from vendors or clients, as well as information copied and pasted from news reports, company filings or official websites.

Benefits

For new entrepreneurs, starting a separate business credit report can shield a growing company from the good or bad elements of a founder’s personal credit report. Finding a line of business credit with a fresh credit report will still require partnership with a sympathetic loan officer, but may not be impacted by financial difficulties in a company owner’s personal credit report. Likewise, a failed business does not have to impact its owner’s personal credit score, as long as the owner has carefully separated personal and business debts.

Running a business credit check on your clients is vital in this day and age in South Africa. i-Check has built not only a powerful credit report that rivals the likes of the Trans Union and Experian, but we have also made it extremely affordable and easy to do.

If you would like to know more about our services, please do not hesitate to contact us today!