Posted on February 13, 2010.
What information can provide a business credit check about the financial health of company A? Can it provide information on turnover or volume of transactions, or should it simply refer to payments in default, etc.?
Is it the age of a company have an impact on what information would be available for it?
Credit checking at baseline == PF record payments on loans expressed as a "score" ..
Ref no credit. The agencies also offer a "premium" service to report a higher rate == go typical Credit Co. (link below) ..
NB. Yes, the age of ongoing business "account :-) .. Indeed most suppliers will not sell you something on a credit account unless the business has existed (ie accounts submitted to Companies House) for at least 3 years ... (The days of creating a society overnight, to obtain all the goods on credit, sell them quickly and then "do a runner" before bailiffs stands is long gone :-))
