Credit Information Report
Credit Information Report (CIR) & Business Credit Score
Credit Kollect serves as a strategic intelligence platform where MSMEs and businesses can enroll to proactively gather insights on prospective clients and counterparties before finalizing commercial agreements. By providing a dependable source of authentic, verified information, Credit Kollect enables business owners to make risk-informed decisions, especially when engaging with entirely new clients or organizations.
The Credit Kollect CIR: Unique Credit Intelligence:
Credit Kollect generates comprehensive Credit Information Reports (CIRs) for businesses. These reports are compiled using a dual verification strategy:
- Member-Contributed DataInformation supplied by registered Credit Kollect members.
- Official SourcesData obtained through valid and authentic external official channels. This unique combination allows members to quickly assess vital information regarding financial dealings, providing the necessary clarity to determine whether to proceed with a business engagement.
Key Highlights of the Credit Information Report:
The Credit Kollect CIR is designed for actionable decision-making and features a multi-faceted analysis.
- Credit Defaulter Count:A clear indication of the number of companies that have formally reported the subject entity as a defaulter.
- Credit Information Reporting Diagram:The report follows a specialized format and incorporates a unique visual diagram for rapid comprehension and analysis of the entity's credit profile.
- Comprehensive Metrics: Highlights numerous other critical aspects vital for members when making a decision regarding trade or lending.
Investment in Risk Mitigation
The Credit Information Report is accessible for a nominal fee, which is marginal compared to the significant financial protection it offers. A single, timely credit report can save your business thousands or even lakhs of rupees by revealing that a prospective client has a history of default confirmed by multiple businesses. Investing a nominal fee is an indispensable step in safeguarding capital and ensuring business continuity.
The Credit Information Report Format
Credit Kollect follows a specialized format for Credit Information Report of the businesses and clients. It has a unique Credit Information Reporting Diagram. The report also highlights the number of companies which have declared the business as defaulter. Besides, these, the report also highlights other information which is helpful to the members in making up their mind about dealing with the said business or client.
What is the fee for the Credit Information Report?
Credit Information Report is available at a fee which is too small compared to the extent of benefit it offers. A single credit report about a prospective client could save thousands or lakhs of rupees by informing that the said business or client has been a defaulter earlier and it was declared defaulter by so many other businesses. Thus, there is no harm in paying a nominal fee.