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Running a credit check
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Is it possible to run a credit check on a business?
My dad runs his own business and sometimes comes across clients who can't (or won't) pay? Is it possible to run a check on a business before he spends out a fortune on advertising, recruiting, etc?
My dad runs his own business and sometimes comes across clients who can't (or won't) pay? Is it possible to run a check on a business before he spends out a fortune on advertising, recruiting, etc?
Answers
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For more on marking an answer as the "Best Answer", please visit our FAQ.His bank can make a Bank-to-Bank. "status enquiry" - just ask his bank to ask clients bank for confirmation that the (prospective) customer is good for way of business for �XXX. His bank may charge for this nowadays but this will probably save the hassle involved in chasing a bad debt. You will need to know the clients bank account details - if they are reluctant to give these, beware.