Credit check new customer

It is wise to do a credit check before offering invoice, credit terms or instalment arrangements to a new customer you do not know. Especially important for larger orders or longer agreements.

No. A credit check reduces uncertainty and provides a better basis for decisions, but does not eliminate risk. Financial situations can change quickly.

A quick check via Kredittdata's tool gives you immediate insight into credit score and payment remarks. A full credit report provides a more detailed analysis with financial figures, solvency and liquidity — and can be used as formal documentation.

Yes. Credit assessment is just as relevant for existing customers as for new ones, especially if you want to increase credit terms, volume or are about to enter into a new agreement.

Consider requiring a shorter payment deadline, partial payment or advance payment. You can also choose to limit credit to a lower amount. A credit check gives you the basis for making that decision.