What is a Credit Rating?

What is a Company Credit Rating?

Company credit rating evaluates all available data from the start of the company to it's current position financially. This includes bank details and history and if any other credit has been given to the client, it'll be shown by credit rating and will have all history details stored.

If a company applies for credit, a loan, or insurance, there's a company credit rating file about the client's history of payments. This credit rating file contains information on where the company is based, how the client pays bills, and whether the company has been sued, arrested, or filed for bankruptcy.

For a business, credit rating can often decide what credit will be extended. There are many opportunities for a client to check the companies credit history, and it is advised to do so every year.

It is very important for a business to keep fully up to date as to what is on the credit report. Company rating reports provide the best possible information as to the likelihood of a business defaulting on its debts. Some business failure could have damaging effects on the company.

checkSURE credit check service is built around one key component - "Full and Comprehensive Company Reports". The company can purchase the "Full Company Reports" online for only £9.95 plus VAT.

Credit rating by checkSURE introduces greater objectivity and consistency as part of a well-controlled decision process, giving online clients the ability to manage risk exposure with a greater degree of accuracy and in line with their overall business goals. More informed decisions help clients to reduce bad debt and offer more appropriate pricing in response to higher credit rating risk.

If a loan company refuses a company credit because of information found on the business credit rating, the client is legally allowed to start their credit rating from fresh. If the client had fallen into arrears on a previous loan in the past, it doesn't mean that they will never be allowed to gain credit again.

All credit rating reports are saved within the clients checkSURE portfolio and can be viewed from any Internet connected computer in the world. This means the client can always update themselves on the companies credit rating.