- Blog Newsletter
- Jun 14
Guide to Reporting Successful and Unsuccessful Applicants
![Guide to Reporting Successful and Unsuccessful Applicants](https://www.criskco.com/wp-content/uploads/2023/06/Newsletter-feb-2023-5.png)
At CRiskCo, we believe in the power of accurate information to drive better decisions and foster success. This guide will show you how to report successful and unsuccessful applicants you experienced.
By embracing and implementing this guide, you will unlock a world of improved decision-making capabilities. Together, let’s empower one another and maximize the benefits of accurate information.
Exploring the key categories: Completed Companies and Defaulted Companies
CRiskCo provides the FinScore, which is based on the businesses in our system, thus the information our community shares. We want to remind you that it is vital to report the status of your credit applicants in CRiskCo. There are two key statuses to report: completed companies and defaulted companies. By updating the status of companies, you directly contribute to improving the community credit evaluation process.
Completed Company: These are companies that have successfully completed the full payment of their loan, complying with all their obligations in a timely and consistent manner. This strong credit compliance record demonstrates their financial responsibility.
Company Defaulted: Companies that have faced difficulties in meeting their payment obligations adequately. These companies have failed to comply with the agreed deadlines or have failed to make the required payments according to the established terms, which indicates a state of default or delinquency in their credit history.
Process
You can update this information on the dashboard, by pressing the highlighted button on the image below:
By clicking the button, you’ll have the ability to edit the status of the company. While there are various classification options available, it is particularly vital to mark them as completed or defaulted if applied.
This way you can easily mark the status of a company.
Another option: you can also send an Excel file to contact@criskco.com containing the list of companies and their respective statuses. This convenient alternative allows for easy submission and ensures that your valuable data is accurately captured. Simply send us the file, and our team will handle the rest, guaranteeing seamless integration into our system. Choose the method that works best for you and contribute to the accuracy of your credit assessment process.
Benefits
The FinScore is our community tool to identify and predict defaulted and successful companies. By reporting the status you are contributing to:
Greater accuracy in predicting business behavior: By marking completed and defaulted companies, through Artificial Intelligence, we improve our future predictions, giving our clients a more accurate view of possible credit scenarios.
Default risk reduction: Our customers can count on updated information to make informed decisions, maximizing opportunities and minimizing risks in their credit transactions.
Log in to CRiskCo to update the status of your clients
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