An up to date Credit Report is an invaluable tool in helping you decide whether or not you supply your Goods and/or Services on credit to a new customer.
It can also be very useful to carry out these checks on your existing customers so that the information you have is as current as possible. They may not be in the same healthy financial position as they were when you first started dealing with them. This is particularly important if a customer is taking on a new contract which would leave you exposed to levels of credit over and above the norm.
So an up to date Credit Report is one way to avoid leaving your business open to unnecessary risk of Bad Debts.