Suppliers turn to CRB checks for vetting retailers

About 1.8 million digital loan defaulters have got a clean credit rating. FILE PHOTO | POOL

Wholesalers and manufacturers who provide goods on credit are emerging as major users of credit reference bureau (CRB) scores to weed out rogue retailers who fail to pay for consignments, leading to losses and working capital constraints.

The bureaus have reported an increase in requests for credit data from trade goods providers, who include firms offering e-commerce platforms that allow for the delivery of goods and services before payment.

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