Credit Reporting Policy

  • It is standard practice when assessing an Application for Credit to request Credit reporting from an agency such as Equifax, Creditor Watch or Dunn and Bradstreet or similar
  • BDM Credit Management (BDM) may use some or all of these providers of information.  Please contact BDM to ascertain the contact details should you wish to request it.
  • Once an account is approved, reporting may again be requested for the following;
    • Assessing an account for a credit limit increases
    • Monitoring the customer’s credit worthiness.
  • BDM may utilise an option with the Credit reporting agency to monitor, and be advised of any changes to your account this may include
    • Change in Directors
    • Change in Business name
    • Defaults listed
    • Legal action commenced
  • BDM may list a default against a customer with the Credit reporting agency after:
    • All or part of the debt is 60 days after its past due date.
    • The customer has been sent a 7 day demand and has not responded or paid.
    • The customer is then notified that a default will be listed within 24 hours if they do not respond.
  • Any credit reporting obtained for Australian customers is kept in confidence and is not shared with others.
  • The rights of an Applicant or Representative of an Applicant in relation to credit related Personal Information are:
    • Seek access to or correction of credit related Personal Information; and
    • complain if he or she believes that BDM has interfered with his or her privacy
  • Complaints in regards to the Credit Reporting can be lodged in writing to info@bdmcreditmanagement.com.au