Creditsafe as a business has a requirement to collect data on businesses and their historical conduct in order to assess the creditworthiness of companies. Creditsafe provides its clients with data to allow them to make financials decisions and manage business risks. Personally Identifiable information (PII) which is handled by Creditsafe is only of those individuals who are directly connected to a business entity. Creditsafe operates in a business to business (B2B) environment. Creditsafe has the PII of individuals either as part of an organization such as a director or as a sole trader where by the individual is the business. Creditsafe is only assessing the capability of the business entity to conduct and continue to conduct business and fulfil contracts based on current and historical performance. Where data collected by Creditsafe has been determined as unsuitable for use or does not appear to have appropriate consent this data will be deleted. The period of retention varies depending on the laws within each country. For example Companies House in the UK archives data about dissolved companies 20 years after dissolution, whereas in France this data must be retained for 50 years.
How long do you retain your data for?
Did you find it helpful? Yes No
Send feedbackSorry we couldn't be helpful. Help us improve this article with your feedback.