Issue 3, August 09
   
   

 

 

 

 

In the last quarter we've seen a slight improvement in the risk profile of businesses being checked by CREDITFOCUS users.

In the first quarter of 2009, 20.5% of businesses checked were in the highest risk categories, by the second quarter this had fallen slightly to 19.9%. Equally, the number in the lowest risk categories had edged slightly higher.

Additionally, the average value of bad debts chased by each CREDITFOCUS user has fallen significantly from a record peak of more than £500 in the first quarter of 2009, to less than £400.

We wonder if this is because bad debts levels are falling, or could it be that growing confidence is making CREDITFOCUS users less likely to resort to pursuing their bad debts via solicitor's letters?

Could this be indicative of a recovering UK economy? It's far too early to tell, but at least the emerging trends in our data show that things are moving in the right direction.

 
 

 

 

Product updates

Use our CREDITFOCUS logos

We've recently added a new benefit to your CREDITFOCUS to help you take further steps to protect your business from the risk of late payment and bad debts.

Now you can use our CREDITFOCUS logos* on your business websites, invoices, credit terms letters and company presentations to help you alert new and existing customers to the fact that you expect prompt payment and are willing and able to take action to recover your money.

To find out more, login to your CREDITFOCUS account and click on the 'Using our Logos' link in the top right-hand corner of your homepage: CLICK HERE.

*Subject to Terms and Conditions

 
 

Recommend a Friend Scheme - offer ends 30 September 2009

We've made it easy for you to help your friends protect their businesses from the risk and pain of late payment and bad debts.
For a limited period, tell your friends about the award-winning CREDITFOCUS and you and your friends can receive a thank you gift.*

You can recommend a friend by logging into your CREDITFOCUS and clicking on the Recommend a Friend banner on your homepage.

CLICK HERE to login now.

For every friend that signs up to CREDITFOCUS Pro and we receive three payments from, we'll send you and your friend a £25 Marks & Spencer voucher each.

*Subject to Terms and Conditions.

 
 
         
   

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