The Creditsafe Rating measures your business’s ability to pay on-time. It combines variables such as: trade payment information, public information, lender compliance, and other performance indicators to predict the likelihood of your business default. Default is defined as the likelihood your business will default (over 90 days past due) within the next 12 months or that your business will go bankrupt.
The Creditsafe Rating scores businesses from 0 to 100 scale where a 70 or higher score indicates a lower risk of default and a score of under 60 identifies your business as a high risk of default.
Creditsafe also provides Credit Limit recommendations to lenders or vendors considering extending your business financing. This limit is the total amount of credit that should be outstanding at any one time.
Compliance Item – Creditsafe Business Credit Report