In an age where debt is common place, more and more companies are starting to feel the burden of unpaid invoices, overdue accounts and bounced cheques. The question remains, however, of not how this can be resolved, but how it happened in the first place.

Simply put, the majority of companies who offered a credit or “pay later” service to their customers failed to have adequate facilities in place to ensure that the customers who received the credit were capable of paying it back.

What each company should have done is to credit check their customers to ensure that the companies that they were providing credit to didn’t have a history of non-payment, or hadn’t built up a catalogue of CCJ’s, or even that the company was due to go into administration.

Any doctor worth his salt will tell you that the best medicine for any illness is not the cure, but the prevention of the illness in the first place and the same principle can be applied to credit checks. By performing credit checks on those companies who you wish to provide credit too, you are ensuring that you provide credit to the right companies, to companies who will pay you on time.

There are a multitude of companies who offer this type of credit check service, but Creditsure Ltd is one in particular that stood out for it’s simple to use “tele credit check” service. Basically, you call up the Creditsure hotline, provide the details of the company you wish to credit check and get your results verbally, enabling you to make a decision there and then. Even better, you get a hardcopy of the results as well, within minutes upon our demo of the service.

Remember, a credit check can not only mean the difference between you getting paid on time or not, but may also stop the need for you having to look for a debt collection agency, or utilise a debt recovery service, because of having unpaid invoices.

Creditsure can be found at www.creditsure.org.uk or by calling them on 0870 042 2380.

Tags: credit check, credit checks, creditsure