Credit checks or bad debts?

Credit checks or bad debts?

In the UK the number of companies going into liquidation is rising, leaving a trail of bad debts that are never paid. These have to be absorbed by the supplier and in the worst-case scenario, can even send the supplier into liquidation themselves.

Can your business afford to absorb a bad debt ? Do you have any potential bad debtors in your client list ?

Once a company is in liquidation there is often very little prospect of getting payment for outstanding debts, so it makes sense to take preventative measures before you extend credit to a customer.

Many companies now provide credit check services that can be accessed quickly and easily, online or by other means.

For the relatively low cost of obtaining a credit report on any potential or existing customers you can make informed desicions about who you do business with and protect your financial position. Much better than the alternative of having to absorb bad debts.

Half-price credit checks for CJ visitors from aRMadillo

Contract Journal has teamed up with one such credit check service, aRMadillo online, to offer CJ visitors half-price credit reports on UK companies. To take advantage of the offer, visit aRMadillo credit checks here: