Order a Business Credit Report from CIS Data Systems before extending credit. Any company whose business requires that they offer credit or loan money to other companies are at risk of not being paid back. This financial risk can be greatly reduced by looking into the payment history of the company to determine who much they owe, how punctual they are on payment and how likely they are to pay back. Collection Management Many companies currently use credit reports as a gauge for financial risk.
Some examples are banks, credit unions, automobile dealers, lumber yards, and property managers.
However, the companies that do not use credit reports are often the ones that are at higher risk. They are typically smaller companies and people are aware that they do not have as strict requirements for offering credit as those larger companies like multi-branch banks. Account terms, balances and credit limit. Total amount currently owed and highest credit extended are also shown. Payment History for all the accounts are included.