How we use Creditsafe to protect our customers
Creditsafe is an credit reference agency that prepares reports on the credit worthiness of a Business.
It has reports on over 450,000 Business in the UK and reports on their financial performance over the last 5 years.
It also gives details on the companies net worth and balance sheet.
Why do we use it
It allows us to check indepedently how long a lender has been in business and also how strong they are financially. Our research as showed that is a risk to customers from newly start up lenders that frankly has little financial strength.
We use this information in our
due diligence process to ensure the lenders we work with are the most financiallt strong in the market.