There is now a timeline for regulatory change for New Zealand to transition from a negative reporting regime to a comprehensive or positive reporting regime. Indeed New Zealand is likely to move to CCR before Australia as Australia requires a change to the Privacy Act to make the CCR transition allowable - this process has yet to be completed and Australia is dependent upon the legislative agenda for passage of the draft bill.
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Understanding your credit file enables you to make more informed decisions regarding your finances. Your file is also a tool credit providers use to help them ascertain your financial reliability. Request a copy of your credit file today to help ensure your credit history is accurate and up-to-date. |
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A survey of small businesses showed that nearly half had been hit hard by bad debts in the last 12 months. In this toolkit, you'll find information which may help you implement an effective credit management system within your business,as well as tips to enhance your credit check practices. |
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Read the latest edition of the Angle which covers recent figures on trending and spending, tools for avoiding the slow payer syndrome, and 7 deadly credit sins to be mindful of. |
Veda Debt Study: 750,000 Australians at risk of falling into a debt spiral in an economic downturn
Veda’s Quarterly Commercial Credit Demand Index: Jan-Mar 2012
Veda’s Quarterly Consumer Credit Demand Index: Jan-Mar 2012
The pitfalls and red flags of bad credit management
Veda's Business Credit Demand Index: Oct to Dec 2011
Veda's Consumer Credit Demand Index: Oct to Dec 2011
Slow payers or no payers don't have to be a cost to your business. Credit checking all new customers up front will give you a steer on the likelihood your customers will pay you down the road.
Get a free company credit check today.
Establishing whether a customer is consistently credit worthy is a continual challenge for many organisations. If you are looking for a faster way to approve commercial credit and you don't want to let low-risk customers slip away, you should consider using an automated decisioning process. Our automated decision support solutions range from simple web-enabled services to fully customisable embedded solutions.
