How to Run a Business Credit Check
i-Check Data Solutions understands that as a business owner you know you need good business credit. You also want to do business with vendors, suppliers and business-to-business customers who have good credit. So being able to run a business credit check on your business and companies that you partner with is an important operational ability. It is also important to be able to periodically monitor and if necessary dispute items on your business’ credit profile. And, you’ll have to be able to run a business credit check to know when this becomes necessary.
Step 1
Register an account with us. It costs you nothing and we do not have any contracts or hidden admin and subscription fees. You simply pay for what you use and at the end of a calendar month we invoice accordingly. The typical cost of a comprehensive credit report can cost you a couple hundred rand if you use the likes of Experian and Tran Union. We, on the other hand, feel that cost should not be a factor in whether or not you run a credit check on your clients. We, therefore, have partnered up with the major bureaus and developed a fully comprehensive Business credit report that will cost you the affordable price of R99.99 ex. vat.
Step 2
Step 3
Locate the business’s credit score on your report. This will likely be the most critical piece of information on the report. On a business credit report, the scores range from 1 to 100. If the score is above 70, these companies pay bills on time or early; anything below 30 and the company is likely in the process of filing bankruptcy.