Consumer credit checks

Manage consumer credit risk effectively

Consumer insights to protect your business

Benefits at a glance

Assess creditworthiness

Make informed decisions about consumers by accessing their credit history

Improved revenue management

Reduce the risk of bad debt by building a solid client book and working with financially steady individuals

Speed up the payment process

Choose to work with the right people for your business, and reduce the risk of unpaid invoices

Prevent fraud

With comprehensive identity checks, document verification and more, you can analyse risk factors before working together

Enhance insight with consumer credit checks

Complete 360 view of your book of business by verifying the creditworthiness of any individual by accessing their combined personal and business finances. Search for any past and present CCJs, insolvencies or bankruptcies to confirm their financial stability

Full credit score data

Identify high-risk customers by accessing real-time credit scores to help predict an individual’s financial reliability.

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Detailed financial history

Review an individual’s financial footprint, including previous addresses and stability indicators that may highlight potential risks.

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Access payment history

Gain insights into a customer’s past payment behaviour, including on-time payments, late fees, and defaults. Consistent late payments may indicate financial strain.

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History of insolvency

Identify individuals with a history of bankruptcy or insolvency to assess financial stability and avoid high-risk lending.

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Debt insights

Understand how much existing debt a consumer carries to evaluate their ability to take on additional credit responsibly.

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Fleetmaxx Solutions needed reliable, up-to-date financial data to support growth and make informed credit decisions when onboarding new fuel card customers

Red Flag Alert empowered Fleetmaxx Solutions to make safer, faster, and more informed decisions, transforming credit risk from a bottleneck into a strategic advantage.

Revolutionise your processes with Red Flag Alert automated onboarding

Automate Your Processes

Without Automate

  • Unsynchronised workflows
  • Inaccurate manual processes
  • Slow, resource heavy processes
  • Manual human data entry
  • Inaccurate CRM data

With Automate

  • Multiple bespoke workflows
  • Your entire process in minutes
  • Tailored automated workflows
  • Credit Risk & Complaince checks
  • Improve you customer experience
  • Fully branded to your company
  • Remain 100% compliant all the time

Helpful Resources

Article

Onboarding in Insurance: Build a Competitive Advantage with Red Flag Alert

In this article, we explore how Red Flag Alert helps insurers with onboarding, giving your business a competitive edge.

Guide

How to Find Clients That Won’t Go Out of Business

Learn how to find stable, reliable clients by targeting financially healthy businesses with long-term potential.

eBook

AML Risk Assessment Guide

Red Flag Alert's Ultimate Guide on how to perform an Anti-Money Laundering (AML) Risk Assessment.

Connected to industry leading platforms

FAQs

Find out more about our solutions, features, and how we can support your business

When should I use a consumer credit check?

Ultimately this is up to your business but it is recommended that you use a consumer credit check at least when dealing with a non-limited business or requesting a director’s guarantee.

Where do you get your data from?

We get our consumer credit data from major credit bureaus to ensure it is of the highest quality.

Do I need my customers permission to perform a check?

Yes, you do.

Is it a soft or hard touch check?

It is a soft touch check.