What is a Credit Score?
A credit score is an assessment of the creditworthiness of an individual or a business in order to judge how secure the concerning party is
It is an algorithm that estimates the credit risk of a prospective debtor (e.g. ability to pay on time)
It rates individuals/businesses on a scale from 0 to 100.
A high score indicates a lower risk of default or bankruptcy. A low score indicates a higher risk of default or bankruptcy
Credit score can be used to predict the likelihood of a business failing
Credit Safe
Creditsafe is the world’s most used provider for business credit reports and maintains the largest owned database with over 240 million companies worldwide. 100,000 customers from across the globe have joined Creditsafe to make better business decisions every day
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