Credit profile checks vital: CTOS

Individuals and businesses should determine the financial status of prospective customers, partners or suppliers before committing to important financial decisions.

Credit reporting agency says businesses ought to ensure that customers, partners and suppliers have good credit standing, reports NEVASH NAIR.

Malaysia’s leading credit reporting agency (CRA), CTOS is urging business owners, especially small and medium enterprises, to conduct regular credit profile checks on themselves, as well as people and organisations they have dealings with, to minimise financial risks in business transactions.