Putting the K in KYC

Ensure profitable relationships with your customers with market leading consumer reports

Trusted By:

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Protect your cashflow

Take on only the clients that can afford you

As a business owner, you want to serve everyone you can and provide them with the best possible experience. But the truth is not everyone can afford your services.

Our comprehensive consumer reports give you a full view of your customers creditworthiness and let you make an informed decision before extending any credit.

Allowing you to protect your revenue, build a solid client book, and most importantly, avoid allowing a person to take on debt they can't afford.

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Credit score
Address verification
CCJ history
Insolvency history
Electoral roll data
Soft touch
How it's calculated

What makes a credit score?

Everyone knows what a credit score is, but most don't know what goes into figuring them out.

We pull data from many different trusted and verified sources to give you consumer credit scores that you build rock solid risk processes on.

Payment history

How many payments they have and how prompt payment is

Amount of debt

How much debt an individual currently has

Address history

Do they have a stable address

Financial history

If they have been bankrupt, insolvent, or had CCJs

Avoid bad debt

Protect your bottom line

Personal insolvencies have been on an upwards trend for the last 10 years and look set to continue like this.

By working consumer credit checks into your client due diligence processes you avoid taking on bad debt and do not worsen the position of any customers in financial ill health.

Less bad debt

Only extend credit that can be afforded

Protect your customers

Do not create debt that can't be afforded

Create a reliable cashflow

Reduce your instances of late payment

Avoid bad payers

Full CCJ history shows you who is a serial late payer

Avoid being deceived

Validate your customers

Without solid KYC processes, you don't really know who you're dealing with. Leaving your business open to fraudsters.

Consumer credit checks help confirm your customers identity and form a part of any solid defence to the UK's most common crime.

Verify identity

Confirm they are who they say

Address verification

Confirm their address history

Financial judgments

Have they been the subject of court debt recovery actions

Bankruptcy history

Are they willingly financial irresponsible

Treat your customers like individuals

Better understand your customers

Customers value service more than ever before, and most choose whether to provide repeat business based on this not the outcome they achieved.

Consumer credit reports provide you with information that lets you better understand your clients and give them a tailored experience.

Set affordable credit limits

Don't let your clients become over extended

Understand their history

Historical financial data on your clients

Set better payment dates

Understand your clients payment history

Provide prompt service

Checks only take a few minutes

Why Choose Red Flag Alert

Red Flag Alert was originally created by the UK’s largest insolvency practice to provide the insights beyond a credit score that traditional credit reference agencies do not. Now a independent company, we have over 20 years of experience in predicting insolvency and growth, as well as understanding the needs of businesses and how data and our innovative technology will meet them.

Comprehensive credit reports
Innovative software
Unparalleled insights
Verified data

Consumer credit reports you can trust

Our consumer credit reports are built with data obtained from official, reliable, and trustworthy sources. Such as:

  • The Insolvency Service
  • Financial institutions
  • The electoral roll
  • The courts

So you can run your business safe in the knowledge your credit decisions are powered by the best data available.

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FAQs

When credit checking businesses, usually you would not need to do this.

Exceptions to this are:

  • Non-limited companies
  • Sole traders
  • If you are obtaining a directors guarantee for the credit offered

The best fraud defences are multi-layered. We recommend including at least a digital IDV check and a document verification check.

We offer both of these checks and more on our platform.

Ultimately, this is a decision that your business needs to make and depends on multiple variables such as the size of the deal, the client's history, and even the length of the payment dates.

As well as our consumer credit reports, we provide KYB reports, a customisable monitoring tool, a fully digital IDV check and AML compliance platform, custom reports, onboarding automation tools, CRM tie in, data cleansing and enriching, and B2B prospecting data. 

Speak to an expert

Speak to one of our credit risk experts about how Red Flag Alert will allow you to do smarter, safer, and faster business