CreditorWatch score recommendations
|0||Critical||Entity is deregistered or cancelled.|
|1 - 125||Critical||Entity has a critical status and significant adverse information present. Trading eligibility must be considered.|
|126 - 250||Very High||Entity has multiple pieces of adverse information present. COD trading highly recommended.|
|251 - 450||High||Entity has a below average creditworthiness score and some adverse information may be present. Trade with caution, monitor closely and consider your payment terms.|
|451 - 550||Moderate||Entity has moderate creditworthiness with or without adverse information. Monitor ongoing payment behaviour.|
|551 - 850||Low||Entity has acceptable creditworthiness. Extend terms within consideration.|
Ongoing credit score visibility
When you purchase a credit score it will be live and available to view for three months meaning you can witness changes in a score, as they occur over time.
Historical credit score
You will also be given a historical view of the credit score to see if a customer’s credit rating has moved over the last 12 month. This historical view will enable you to see important trends (positive or negative) associated with the company further enhancing your ability to make accurate decisions and reduce bad debt.
Entities without credit scores
- Public companies
- Government entities
- Non-registered entities
- Self managed super funds
Please contact us for further information on pricing.
Before you take on a new customer and offer them a credit account, you should be doing due diligence on them. Check their credit report for important credit risk indicators (actions and defaults) that may affect their ability to pay your invoices.