Score

A commercial credit risk score (Equifax Score) is a rating from -200 to 1200 that predicts the likelihood of a business having an adverse credit event in the next 12 months.

An adverse event on a credit file may negatively impact business’ ability to repay their debts. Examples of adverse events include registering a default, going into external administration, and court actions. 

There can be instances where a SwiftCheck report will return no score.

This could mean that the organisation is new or has had no credit activity recorded on their file.

Just like any other score, you should base your decision on whether to provide commercial credit along with other factors, and if applicable on your potential relationship with the business.

The SwiftCheck report contains tips for you to consider, depending on the events that have occurred. Refer to the tips included in the SwiftCheck report to assist you.