Invoice Payment History

Not all businesses will have invoice payment history details. Equifax collects data from a range of different data points and will provide this information in the report whenever it is available.

Data is supplied by subscribers to Debtor IQ, Equifax portfolio management and trade payment platform.

Days beyond terms are an average of the amount of days the subject of the report is past due on its invoices to all creditors who are contributors to Equifax trade payment programme, Debtor IQ.

There is also an average of the late payment days of all industries across the entire Debtor IQ database.

Invoice payment history or trade payment history is a record of how frequently a business pays its bills and invoices.

If a business is consistently paying invoices late, it can be a potential indicator of an adverse event in the future.