personal property security register
$15.95 + GST
Baycorp has partnered with Centrix, New Zealand’s fastest growing credit bureau, to produce an end to end debt solution. We want to provide better value to New Zealand businesses through experience, service and results. Minimise your risk and make smarter credit decisions with us.
Whether you're providing finance to high risk clients or need to research a new customer's payment history, credit checking can help ensure you aren't taking unnecessary risks with your business. Assess the level of risk that a consumer may represent to a creditor by searching the personal property of that customer (PPSR).
Registering your security interest on the PPSR may give you a better chance of recovering a debt if your customer defaults. The Act (Personal Property Securities Act 1999) contains rules for determining priority between security interests in the same collateral. If you do not register your security interests and a customer goes into bankruptcy or is liquidated, creditors who secured their interests will be ahead of you when payments are made or assets distributed.
Centrix, New Zealand’s fastest growing credit bureau, has developed an extensive data network through the support of credit providers, business partners and other collection agencies. This means you get customised credit reporting that provides you the data you need to make educated credit decisions while still maintaining our low fees.
Using robust algorithms developed by a leading global information service, we can analyse data and provide an easy to understand credit score report. This will help you make more efficient and clear decisions in credit management processes and also predict the odds of a payment default.
We know every business has different reporting needs so we've designed our services to fit yours. We only charge you for the reports you use – there are no subscription or annual fees. We can also provide a single monthly itemised invoice if this suits your business best.
These individual credit reports aid in assessing prospective new customers, or can provide a credit review of existing customers. Report includes:
When you ask for a Directorship Report, you will receive the Company Report information plus the following:
These reports are used when entering into a new commercial transaction is being considered or alternatively if an existing customer would like to alter their payment patterns. Report includes:
Motor Vehicle Reports should be used to check or confirm details where the Registered Financial Services Provider have an existing security interest in the relevant motor vehicle, either in the form of a Personal Properties Securities Register interest or similar security interest. Report includes:
Registering your security interest on the PPSR may give you a better chance of recovering a debt if your customer defaults. If you do not register your security interests and a customer goes into bankruptcy or is liquidated, creditors who did secure their interests will be ahead of you when payments are made or assets are distributed.
The PPSR can be used to assess the level of risk that a debtor may represent to a creditor. Before entering into a contractual relationship with a new customer, you may want to search the personal property of that customer to see where other creditors my hold security, thereby identifying if the customer poses a risk. You can do this by: