Most Business Transactions are Carried out based on a  predetermined periodical credit system (i.,e.,60 days or 90 days ) and many getting Secured and Unsecured Loans from others without any collateral, by word of mouth.This leads to non payment of  credit purchase, loans etc.

There was a time, where banks were struggling with the same problem, which in turn, lead to the formation of ?CIBILSCORE? System where banks started using CIBIL Score and saved themselves from inadequate persons; which straight away laid path for more collections of old bad debts and prevention of new bad debts to certain level.

So, It is the need of the hour, that an open platform to disclose the credibility of the business entities /individuals, to create caution in the minds of the people about their credit customer, before making a credit transaction with them.  All of the above needs, combined, lead to the development and constitution of an new age platform ?CREDBAL?, which will direct us towards ?Bad debts less economy?.

ARISE OF CREDBAL

• To Serve the Credit Information required by Businesses
• CREDBAL  helps the business people to access the credibility and Repayment Nature of their "Credit Customers" through the 'CREDBAL SCORE'.
• Its main purpose is to lead the Businesses towards ?Bad Debts less Economy.?
• Helps Entrepreneurs to Monitors & Maintain the Credit Health of  Business

ACTIONS OF CREDBAL

To disclose the credibility of the business entities /individuals, to create caution in the minds of the people about their credit customer, before making a credit transaction with them. Thereby which lead to the development and constitution of an new age platform "CREDBAL", which will direct us towards ?Bad debts less economy?.

From the Collected Information, CREDBAL assigns a score to each registered person?s, So as to identify the credibility and trust worthiness based on their repayment nature of credit purchase and loans (other than Banks loans).

GAINS TO SELLERS:

Before supplying the goods /services know about the buyers.

1. Financial stability
2. Repayment Nature
3. Payment default by the concerned buyer

GAINS TO BUYERS :

• Buyers with prompt repayment history, may able to demand more credit for greater expansion of  business.
• As their credit purchasing capability increases , their cost of purchase would be  reducing compared to that of competitors.

OTHER GAINS :

• Even during the time of wedding, bride /groom may come to know  about others financial stability.
• CREDBAL PLATFORM Can be also used during purchase of immovable/ movable properties like land and car, etc., if it to be were on credit.

The Credbal was a kind of great asset to my business during my collections from Debtors and continue to be a key point in my collections.Credbal is the main reason that we collect our monry on time. Lots of love to their idea and team.

இந்தியாவில் பெரும்பாலான வணிகபரிவர்த்தனைகள் முன்னரே தீர்மானிக்கப்பட்டகாலக்கடன் அடிப்படையில் மேற்கொள்ளப்படுகின்றன.(i.e 60 நாட்கள்to 90 நாட்கள்)

• எடுத்துக்காட்டுக்கு இரண்டு நிறுவனங்களை வைத்துக்கொள்வோம் (விற்பனையாளார்மற்றும்வாடிக்கையாளர்).
• விற்பனை யாளரிடம் ஒரு அறிமுகம் இல்லாத வாடிக்கையாளர்கடனுக்கு பொருட்கள் கேட்டுவருகிறார்.
• அப்போது, விற்பனையாளார், எவ்வாறு அந்த வாடிக்கையாளரின் நம்பகமற்றும் நேர்மைத்தன்மையை அறிவது.
• இக்கட்டான இந்த சூழ்நிலையில் CREDBAL அறிக்கை மற்றும் CREDBAL SCORE உதவுகிறது.
• அவ்வாறு CREDBAL மூலம் பெறப்பட்ட விவரங்களைகொண்டு நாம் குறிபிட்ட அவ்வாடிக்கையாளருக்கு கடனுக்கு விற்பனை செய்யலாமா அல்லது வேண்டாமா என்ற முடிவை எடுக்க உதவியும், நேர்மையற்ற வர்தகர்களிடமிருந்து தற்காத்து கொள்ளவும் உதவுகிறது.
• இந்திய நாட்டில் உள்ள 1.03  கோடிGST பதிவு பெற்றவறுகளுக்கும்,  6.30 சிறு, குறு, நடுத்தர நிறுவனங்களுக்கும் மற்றும் 100 கோடி இந்திய மக்களின் செல்வவளத்தை பெருக்கும் வல்லமைபடைத்தது  CREDBAL.