Industry Credit Groups offer companies servicing the same customer base, regardless of industry or trade, the opportunity to compare information on collection history and payment habits to help separate fact from fiction in payment practices. The purpose of Industry Credit Groups is to help group members make competent and realistic credit decisions based on the facts.

• Groups offer members the “real-time full story” about their customers and best practices from others in their industry niche that can’t be obtained from just looking at a credit report.

• Instant alerts: who’s passing NSF checks, who’s been placed for collection, slow pays, changed ownership or filed bankruptcy.

• Professionally facilitated meetings for member protection.

• Credit Groups have physical meetings and specific reports for those meetings. 

• Networks share data online and generally require full accounts receivable submission.

• Professional Groups meet monthly or quarterly for educational topics and networking.