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 Veda Insights from John Roberts, Managing Director for New Zealand and International. This edition covers industry topics including an update on Amendment #5 to the Credit Reporting Code 2004, Bureau data & trends, and information from the MOJ on Credit Check of Fines. |
This training site gives you access to the product information currently available online and we intend to grow it into a full training library for all our solutions, so check back regularly for all the latest training sessions.
Veda's Business Credit Demand Index: Oct to Dec 2011
Veda's Consumer Credit Demand Index: Oct to Dec 2011
Veda to Absorb Initial PPSR Charges for its Clients
New Personal Property Securities Register goes live today!
Australian Debt Study: more consumers feeling the debt pressure
Veda Launches "2011 Credit Management in Australia" Report
Last year, bad debts cost New Zealand businesses more than a billion dollars. That's a lot of money that local companies could have invested in growing their business, improving their products and services, hiring more staff, or just paying the employees they already have. It only takes one bad debt to ruin your business. Make sure your company has strict credit management systems in place. Credit check all new customers and make regular checks of your existing customers.
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.
