Credit Industry Groups bring credit professionals of companies in the same industry together, in a forum, to discuss factual credit information about their customers in common. Within the forum, the members agree to the free and confidential exchange of credit information on common accounts. Discussion of common accounts not only provides each company with invaluable facts for determining and evaluating credit risks, it also provides the opportunity to exchange views with others in the same industry on matters of general business.
Benefits of Credit Industry Group Membership are they provide:
- Up-to-the-minute credit experience
- Better information on new credit applicants
- Updates on established accounts
- Recent collection activity
- Networking opportunities with other credit professionals
If your company or trade association is presently operating without the benefit of a credit industry group, please contact Stellar Risk Management through our inquiry form or by phone. We will be very pleased to discuss this very useful credit risk management tool with you.