What a Payment Default Means
If you see a payment default on your Business Credit file, it usually means you have an overdue debt with one of your creditors.
A listing entity (the creditor) can register a payment default when:
The overdue amount is more than $100
The payment is 45 days past the due date
Registering a payment default is one of the last steps taken to recover debt.
Information Required Before Registration
Before a payment default is registered, the listing entity must provide supporting information or documentation showing that the outstanding amount is due.
Disputing a Payment Default
If you believe a payment default registered against your business is incorrect, please submit an enquiry here.
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