What is a Credit Score?

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
creditsafe
creditsafe

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.

*Credit Scores are based on the UK Limited company as opposed to the holding company