EC Credit Control have an alliance with New Zealand’s largest credit information provider Veda Advantage. Now we can supply our Clients with all the latest Credit Information services through our Interactive Website. EC Credit Control is now a single point of contact for all your Credit Information needs.

Veda advantage (formerly known as Baycorp Advantage) already provides credit-related information to New Zealand’s major banks and lenders. This means EC Credit Control now has access to the files of 97.5% of the individual credit-active population and 100% of commercial businesses.

One of the key financial challenges facing businesses today is having access to the credit information they need, when they need it. The more you know about the people you will be working for, the easier it is to structure a business relationship right from the start. EC Credit Control now makes this possible online 24/7.

CONSUMER CREDIT REPORTS
60,000 Australasian individuals and businesses apply for credit each day. The review of this historical credit repayment behaviour is extremely eff­ective in assessing the risk of future defaults. EC Credit Control can assist you to identify bad credit risks and reduce costs attributed to bad debt and write off­s. A Consumer Credit Report will help you analyse Payment Defaults, Collection Actions, Court Judgments, Insolvency Information, Public Notices and File Notes.

COMPANY REPORTS
A Company Report allows you to analyse adverse information over the past five years including Company Details, Payment Defaults, Court Judgments, Public Notices and Security Interests that the company concerned may have outstanding. We can also provide you information regarding the personal credit history of the Directors of that company (the Credit Reporting Privacy Code 2004 requires consent for this inquiry).

KEEPING IN TOUCH
Because all our accessible information is updated daily, this provides an ongoing risk management tool allowing you to monitor a customer’s individual credit file. This ensures that you are immediately aware of any change in their risk profile when a check is performed.

The Veda Advantage database also allows EC Credit Control customers to update their own database information to avoid situations such as ‘no longer at this address’ replies. Even property ownership verification can be accessed and assured. We can also help you reduce the risk of Identity Fraud with instant access and ID verification through the LTNZ Driver Licence national database.