Credit checking

PGM

Do many of you use credit checking companies?

The cost for ours has gone up a bit to 275 +vat. I couldn't say if this is a good deal or not!

Any recommendations?

Dcollins

I try to avoid the need for credit checks, but you could have a look at this company.

http://www.veriphy.co.uk

I use them for ML, they charge monthly in arrears for individual reports, but maybe they'd discuss a package.

My only other experience is with Equifax and Dun & Bradstreet - they were expensive, but had a range of options.

PGM

Thanks, I'll have a look. We don't do many so the monthly arrears may work out cheaper.

I'd prefer not to need it, but checking a company before starting a large contract gives us that bit of extra insurance.

deanshepherd

We used to use RiskDisk. Might be worth checking their current rates..

Primble

we use credit safe, it easily saves what it cost as you can alter payment terms at the start of a job if required

flossie

We also use RiskDisk and it cost us £500 for two years payable 50% upon contract and 50% 12 months lated and that is for two users. It has been an absolute asset to our company for credit checks and monitoring new customers.

PGM

We use credit safe, doesn't seem to bad now at 275, may take a quick look at risk disk

thanks

lorraine

credit safe

We use Credit Safe - off the top of my head about 250 + vat I believe. It has helped us by giving more info than companies house does. Also we are able to see if a company should be cash only and a credit rating figure, and based on this decide if we want to give them an account.

PAMDILL

i have just done credit checks on a company which is having problems paying us - I used Risk Disk after reading this thread and found their report to be okay but a bit out of date and I could not access some information I wanted without paying for a further report - Directors Appointments.

I then used Company Searches Made simple and got all the information I need - more up to date and showing directors' appointments for a smaller charge than Risk Disk.

You can pay as you go in the same way as Risk Disk.

I will certainly be using them in the future.