Understanding The Credit Record System

The credit record system in South Africa Credit record agencies gather and sell information about the creditworthiness of individuals and businesses. Many businesses pay to access the credit records of potential clients to help them make a decision about the risk involved in working with them. For example, if you want to lease office space, the chances are that the property …

What is a Business Credit Score?

A business credit score is a measurement (a value/number) that is used to determine whether a business is managing its finances well, and to ascertain if it is a good borrower or not. The score is the result of a mathematical algorithm based on data gathered about the business’s financial history. It includes information about the business’s regular payment behaviour …