Check credit online

SMALL and medium businesses can now use Australia’s first online credit checking service at creditcheck.com.au

Credit histories of existing and potential clients, partners and suppliers can be examined along with a credit score.

Users can also search public data about company directors.

Creditcheck.com.au general manager Martin Roberts said checking credit histories was one way of avoiding bad debts.

According to research conducted by Credit Reference Ltd, bad debt results in more than 30,000 business failures each year.