ASA Central Network

Hello, for those of you doing credit checks, do  you use a form where a potential/new client authorizes for you to run a credit check? A lot of clients end up not paying their bills so we'd like to have an idea of the financial stability of a business before working with them. Any ideas?

Hi Evelyn - 

We do have a form in our New Client packet that prospective clients sign, and it gives us authorization to check their credit.  However, I am not sure that you actually need their authorization to check their credit.  We have an account with Dun & Bradstreet and check just about every client and or prospect's credit.  They never ask us for any authorization form. 

We always check a prospective client's credit record before doing business with them. 

Hope that helps.  Have a good one! 

Hello, for those of you doing credit checks, do  you use a form where a potential/new client authorizes for you to run a credit check? A lot of clients end up not paying their bills so we'd like to have an idea of the financial stability of a business before working with them. Any ideas?

Hello, for those of you doing credit checks, do  you use a form where a potential/new client authorizes for you to run a credit check? A lot of clients end up not paying their bills so we'd like to have an idea of the financial stability of a business before working with them. Any ideas?

I'll second Carl's comments... we also use D&B information to help make client credit decisions.  

We do not require any kind of forms be completed in order to check the credit.  Once you have access to D&B, you can simply run a search of their database for the client (there's no "hard pull" like you would in doing a credit check with FICO score check for an employee).  

If you're leveling up your credit management processes, I'd also suggest considering credit insurance to hedge your receivables.

Hello, for those of you doing credit checks, do  you use a form where a potential/new client authorizes for you to run a credit check? A lot of clients end up not paying their bills so we'd like to have an idea of the financial stability of a business before working with them. Any ideas?

Hello, for those of you doing credit checks, do  you use a form where a potential/new client authorizes for you to run a credit check? A lot of clients end up not paying their bills so we'd like to have an idea of the financial stability of a business before working with them. Any ideas?