Business debt stress indicators accelerated in the fourth quarter of 2012, according to the KreditMetrix report published by Experian SA and Econometrix.
By regularly checking their credit reports, consumers can ensure there are no fictitious entries to their accounts, says Sharon Coppola, legal risk and compliance executive at Experian SA.
Consumers with poor credit ratings should never pay for anything upfront until they have received a service of some value, says Sharon Coppola, legal risk and compliance executive at Experian SA.
Shopping around for the best credit deals makes sound business sense and is not predictive of a default, says Sharon Coppola, legal risk and compliance executive at Experian SA.
The critical driver in optimising the mountain of data is an awareness of how vital it is to put the customer first, says Richard Topham, director of product and propositions in Experian's EMEA Decision Analytic division.
SMEs don`t understand how critical it is to create an environment conducive to them receiving trade credit, says Glen Bals, senior executive, business information at Experian SA.