Who uses a Credit Report?

• Sellers use company credit reports to verify the data of a company they are about to do business with, to assess its solvency and to fix payment conditions.
• Buyers use company credit reports to verify a company's reputation in order to avoid fraud. The report also helps to evaluate the company's ability to remain in business for the foreseeable future.
• Banks and lenders use company credit reports to determine what rates they will give a company when granting a loan.
• Insurance companies are also using credit reports to check the information provided by the company before securing insurance contracts.