Credit bureau has expanded its product portfolio for private customers. From now on, consumers can find out about the credit and payment behavior of companies – and so on. B. Contractors and potential employers.
The “Credit bureau company information” costs $ 28.50 and contains master data and commercial register information, balance sheet data, information on business figures, functionaries and events of the recent past. The credit rating is based on a score on a scale from 100 (very good credit rating) to 600 (there are bankruptcy information).
Rating for small and medium-sized enterprises
The scores are assigned to a total of five categories. A company can – in much the same way as it is the case with private individuals – be rated comparatively weak even if no payment default has occurred. This applies to companies in the middle category with scores ranging from 300 to 499. Credit bureau reports to the companies grouped there: There are no information on payment defaults for this company. There is an increased risk that payment difficulties will occur.
Consumers can often find themselves in the position of a lender in the broadest sense. This applies, for example, to employees who are looking for a new job or another job and can suffer significant disadvantages if their employer becomes insolvent after a few months. The company information for builders should be particularly relevant: The dream of a home is a disaster thousands of times a year in Germany, because construction companies in the middle of construction insolvency. Here, the new information can warn builders in good time – mediocre solid craft companies but possibly also make the Gar.
Credit bureau wants to grow in the private customer business
The Credit bureau sees potential in the business with private customers. Credit bureau CEO Michael Freytag said a few days ago in “Handelsblatt”: “We want to be the patron saint of the economy, but also for private individuals.” In 2012, the credit agency counted 1.5 million private customers.
A private customer is anyone who has purchased a paid access to the portal In terms of the number of data sets, this is indeed expansive: last year Credit bureau had stored data on 66.2 million people. Last year, the company generated sales of just under 120 million usd. Just a few hundred thousand business outlets could bring about a measurable increase here.
Nevertheless Credit bureau will continue to be a secondary service provider for consumers in the future as well. Credit bureau Holding AG is owned more than 80 percent by banks and savings banks. The remaining shares are attributable to companies in the retail and mail order sectors.