In addition to Credinet and group meeting services, we also offer a variety of credit investigative services.

We can verify details on your credit application including the correct legal entity name of your potential customer, obtain experiences from trade references provided by your credit applicant and obtain a bank report from the applicant’s financial institution. All of this information can be integrated into our Credinet portal where you can follow the development of investigative reports and review the information and status of reports in production. The portal also permits you to sort investigative reports by user, by date and by type of report.

In addition to verification of details on your credit application, we can also obtain details from a single trade reference or obtain details of the officers and directors of your customer’s company. Credifax can also provide details from Credscan TM, our database of negative occurrences including alerts provided by Credinet members, accounts placed for collection from up to six different collection agencies, legal suits initiated and judgments obtained and Canada Revenue Agency Income Tax and Excise Tax judgments.

We can provide a variety of other credit information services including property title searches (with liens and executions filed against lands) and PPSA searches and registrations. For foreign reporting services we can obtain U.S Experian Business IQ Premiere Profile Reports. We can also provide full investigative on US customers too (corporate verification, bank and trade reference verification).

While Investigative services can be done on a pay-as-you-go basis most services are provided on a prepaid contract. The level of prepaid services determines the percentage of discount that you will receive on the development of each type of investigative report, regardless of the type of report that you choose. While many other competing services similar to our IRS expire, often with unused portions lost to the user, Credifax permits a full carryover of unused services for renewal of contracts of the same discount class, so that levels of usage can be corrected without loss of your investment in these services. For more information, contact your Credifax sales representative.

Commercial Reporting

Here is a summary of the different types of credit reports and investigative services Credifax can provide

1. Full Investigative Reports: These go beyond standard credit reports and offer specific insights about a company in Canada or the USA. They are prepared by investigative services teams and typically include:
• Credit verifications from three trade payment sources.
• A detailed bank report.
• A corporate search/name verification.

2. File Reports:These are full investigative reports that have been previously developed and contain essential information about a business entity, including details related to its financial health, trade payment history, and other relevant data.
3. File Updates:These reports provide real-time updates on changes to a company’s credit profile, ensuring that you stay informed about any developments.
4. Bank Reports:These reports focus on a company’s banking relationships, including account balances, credit facilities, and other financial information.
5. Incorporation & Officer Info:These reports cover details about a company’s legal structure, ownership, and key officers (such as directors and executives).
6. Corporate Verifications:These services verify the legitimacy and accuracy of a company’s information, including its legal status, address, and other relevant details.
7. Public Records Searches:These searches reveal any legal or financial records related to a company, such as liens, judgments, bankruptcies, and other public filings.
8. Construction Project Reports:These reports focus on companies involved in construction projects, providing insights into their financial stability, project history, and potential risks.
9. Business Principal Reports:These reports focus on the individuals behind a business, including their credit history, financial standing, and any potential risks associated with them.
10. Insolvency Searches:: These searches help identify companies facing financial distress or insolvency, allowing you to assess credit risk more effectively.

Having access to accurate and up-to-date credit information is crucial for making informed business decisions.

PPSA/PPR

Credifax has online access to conduct searches of the personal property registries, centralized registries that serves all provinces in Canada, allowing individuals and institutions to record their financial interest in personal property (cars, boats, appliances, etc.).

USA Commercial Reports

U.S. commercial reports are available within minutes of inquiry during regular business hours on over 10 million U.S. companies.