Credit Check of Agency

[JoJoGabor]

I've jsut run a credit check on an agency I need to go through for my next contract. Result is

Credit Rating: 51/100 - Good Creditworthiness
Credit Limit: £1000

The credit limit is the amount of credit in a month the company could be expected to pay back. If I get paid monthly the amount of credit I will be extending to them will be more like £10k.

This is the first time I have credit checked an agency and am a little nervous about the results. I'm likely to try and negotiate weekly payment terms to reduce my risk. But I can also see they only have a working capital of £40k so if the client pays them monthly I can understand why they would resist this. Has anyone else run this kind of report on agents? WHat kind of results have you got?

[Sockpuppet]

If your that concerned join the PCG who give agency default protection of up to £7500 as part of the PCG plus membership.

[JoJoGabor]

If your that concerned join the PCG who give agency default protection of up to £7500 as part of the PCG plus membership.

Ah yes, good point, I'd forgotten about that. I think I'll do that