Creditinfo Malta helps its customers to:
- Avoid bad business - by identifying and avoiding bad debtors.
- Save time and resources - by not extending credit or supplying services or goods to people who are unwilling or unable to pay their dues.
- Decrease claim write-offs - by using objective and verified information as a foundation for business decisions.
- Improve cash flow - fewer bad debtors means less money outstanding.
- Increase profit levels - as a result of fewer write-offs.
- Warn other businesses about bad customers : by doing so you are securing your debt. No one else should be willing to sell on credit to the debtor whilst on the CID.
- Price their products - good credit information allows you to reward good, low risk clients with better prices
- Improve interest income.
- Lower debt collection costs - by eliminating more bad debtors earlier, you spend less time and money on collection, both internal and external.
- Increase investment value - fewer bad debtors means you will collect more of your receivables. It is our belief that here, as elsewhere, a service of this kind can have a very positive impact on the economy, improving payment behaviour and encouraging prompt payment. These factors also benefit the debtor. Reliable debtors get better prices and terms than those on the CID.
- Raise competition levels - access to our services increases competition for good customers...and competition has never hurt the consumer!