Why are The CreditExchange's credit sources more transportation related than financial-based?
Most companies in the US deal with multiple freight companies, since the industry is one of the easiest in which to acquire credit. If a company is having difficulty paying its bills, transportation bills are often likely to go unpaid, making The CreditExchange reports a resource for early indication of possible payment concerns.

How can a member company be assured of the accuracy of reports?
All companies provide a downloaded file of their entire accounts receivable portfolio ensuring that all information is complete and accurate. If any information in our database is ever found to be discrepant, it is removed immediately.

Does The CreditExchange actually check corporate records to confirm ownership?
There is no manual input of company information for reports provided to members. All agings are based on trade experiences provided electronically to The CreditExchange database. For public companies, all information is verified. For privately held firms, corporate size, revenue, etc. are based on government formulas using employee size and SIC code standardization.

Are The CreditExchange's services available worldwide?
The CreditExchange's credit information database is global and is currently utilized by companies in 162 countries worldwide. Charges for domestic or international report use are the same.

Are companies required to supply A/R aging to be eligible to buy the reports from The CreditExchange?
You are not required to supply aging information, although it is highly recommended. The more information that individual member companies provide, the more valuable the information each company receives when utilizing The CreditExchange's reports.

Does The CreditExchange accept the A/R aging info electronically?
The information is best when it is delivered in an electronic format. It is received faster and processed into the database more accurately when files are transmitted digitally.

As a membership organization, what are dues/costs and are there industry group meetings?
There is no cost for membership in The CreditExchange. If your group is interested in having meetings, there are services available.

How does the accuracy and timeliness of The CreditExchange's information compare to other credit information providers, like D&B?
All of The CreditExchange's aging information is updated daily as it is received from our members. Member companies submit data on a monthly basis and the files are uploaded into our database that night. The CreditExchange's reports are actually more current than other well-known credit information companies that update records quarterly or even semi-annually

Should companies located in a certain region of the US expect The CreditExchange's data resources to change accordingly?
The CreditExchange's proprietary information database houses data from across the entire US, and equally represents all regions from the East Coast to the West Coast.

Do reports from The CreditExchange expire?
The CreditExchange's reports do not expire, allowing you to take advantage of all the value that a specific reporting tool has to offer. The pricing is designed so that each member company has the ability to purchase larger quantities at discounted pricing for maximum cost effectiveness.

Is there a cost if I don't find information on a particular company?
There is no charge if The CreditExchange is unable to provide information on a particular company that you require.