CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
A credit score is an assessment of the creditworthiness of an individual or a business in order to judge how secure the concerning party is.
It is an algorithm that estimates the credit risk of a prospective debtor (e.g. ability to pay on time)
It combines key variables
E.g. trade payment information, public information, industry sector analysis, debts, borrowing and other key performance indicators
Credit score can be used to predict the likelihood of a business failing
It rates individuals/businesses on a scale from 0 to 100.
A high score indicates a lower risk of default or bankruptcy. A low score indicates a higher risk of default or bankruptcy
Credit Scores – How We Fair Up
Creditsafe is the world’s most used provider for business credit reports and maintains the largest owned database with over 240 million companies worldwide. 100,000 customers from across the globe have joined Creditsafe to make better business decisions every day.
DueDil provides authoritative data and rich context on over 40 million companies across 9 European countries. It aims to make the information on private companies as rich and accessible as it is on public companies.
Creditsafe vs DueDil credit scores
The below graph shows the credit scores of Creditsafe and DueDil among some of the largest Foreign Exchange providers across the UK.
*Credit Scores are based on the UK Limited company as opposed to the holding company
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