Credit Simple for Business

Frequently Asked Questions

It’s completely free – now and forever. Just like Credit Simple for consumers, you don’t need a credit card to sign up, and there’s no charge to access your information.

Credit Simple members in Australia who hold a current directorship of a registered incorporated entity in Australia can use Credit Simple for Business.

No. Only the directors of their business can see the credit score, report information and insights available through Credit Simple for Business. We use a verification process to ensure access is only granted to current directors.

We pull the information from illion – the credit reporting bureau.

Easy, you’ll find a form within the dashboard to update your information. To ensure that the information on your business is accurate we encourage you to update your business information as it changes. Please note that this will not update Australian Securities & Investments Commission information. You will need to contact Australian Securities & Investments Commission to have your business information updated on this database.

You can update your company information on your business dashboard. You will also need to notify Australian Securities & Investments Commission for the updates to be reflected on this database.

Yes, your business credit score is different to your consumer credit score. A business score uses commercial indicators. These include registered defaults, potential loan enquiries or any external administrations that may be registered against a business.

A consumer credit score is a number that represents the information contained in your consumer credit report.

There are a lot of factors that go into producing a risk score. illion use over 60 elements in scores so that they are accurate and predictive. These elements include but are not limited to:

  • Demographic information
  • Age of the company
  • Trade payment information
  • Financials
  • Adverse information against the company or its directors

You will be made aware of this in your previous directorships and will no longer have access to this business credit score and information via Credit Simple for Business. If your directorship is active again you will be able to once again connect the business via Credit Simple for Business.

You sure can. If you are a director of more than one company, you can individually add each company and see its business credit score.

Check your business credit score as often as you want, it won’t affect your score.

No – it’s entirely up to you if you want to take up any of the offers available to you via Credit Simple for Business.

If you use Credit Simple for Business, we have systems to assist with making access to your Business Credit Information efficient. We will only access your Business Credit Information from illion (a Credit Reporting Body) once in any day. If you use Credit Simple for Business to access your Business Credit Information more than once in a day, that Business Credit Information may be the same information that you accessed earlier that day.

Key information from the illion commercial credit report is available via Credit Simple for Business.

Company reports are available from illion. As a member of Credit Simple for Business, you may be eligible for a discount. Log in to view your offers to find out.