XDS Business Credit Report

XDS Business Credit Report

XDS is one of the major providers of business credit data to the South African market.

XDS offers various Commercial Investigative Reports to minimise your credit and supplier risk, increase collections, reduce fraud, and maximise your business relationships with clients and suppliers. Information is obtained directly from the business concerned, and all reports can be viewed instantly online.

The XDS Business report provides a unique credit score on the business entity, giving you as the credit provider instant insight into what the overall credit health is of the business applying for a credit facility with your company. This helps you make better, informed decisions based on up-to-date credit data.

The report shows the following business credit data: 
All adverse information on the business, including business banking details, directorship information and credit score data.

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How the debt crisis is affecting SME's and retailers.

When it comes to mitigating risks, SME's need to invest in a credit check and ID verification tool that can help them determine whether they are investing in a mutually beneficial partnership with potential customers and business partners. As any business owner knows, time are tough – but new research shows that things might get worse before they start getting better.

A recent debt survey done by Fin24 has shown that a mere 2.06% (647) of over 32 000 respondents have no debt. Over two thousand people participated in the survey, which also showed that almost 42% (12 522) respondents spend 80% of their income on repaying debt. Almost 2 800 people spend their whole income on debt, while 2 500 people have debt repayments which exceed their income.

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