Credit Reports
The NACM National Trade Credit Report (NTCR) is built from trade experience which is the basis of most credit decisions. The NTCR database brings together credit experience gathered from members and customers of 36 NACM Affiliate offices and more than 1,000 trade credit groups. Credit reports are instantaneous and essential in the credit evaluation process to help avoid financial risk.
Why should I purchase a business credit report?
Check Payment Practices
Evaluation of a prospective customer’s credit worthiness.
Update Client Conditions
Monitor the financial health of existing clients.
Verify credit application data
Comparable to data on a credit report to mitigate the risk of fraud.
Assess Credit Position
Understand your credit standing relative to other creditors.
Set Credit Limits
Make informed decisions about customers’ credit limits.
Analyze Your Current Suppliers
Evaluate the financial stability of key suppliers.
choose Your Product?
NACM Commercial Services not only sells the NACM National Trade Credit Report, but we are a reseller for the other three major credit reporting agencies – Experian, Dun & Bradstreet, and Equifax. Credit reporting agencies each have their niche, each user has their preferences, and sometimes your credit review requires additional information.
Need a Credit report?
Contact or email our Customer Support Representatives for assistance.
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Key Features and Benefits
NACM Credit Reports offer crucial features and benefits for credit professionals.
Stay ahead of potential credit problems and make well-informed decisions to safeguard your company’s financial health.
Due Diligence Before Credit Extension
This involves thoroughly examining a customer’s financial situation, credit history, and other relevant factors before deciding to offer credit. It helps in determining the customer’s creditworthiness and ability to repay the borrowed amount.
Portfolio Management and File Reviews
This involves thoroughly examining a customer’s financial situation, credit history, and other relevant factors before deciding to offer credit. It helps in determining the customer’s creditworthiness and ability to repay the borrowed amount.
Mitigating Credit Risk
This is about taking measures to reduce the likelihood of potential losses due to defaults on credit payments. It involves assessing risk factors, setting credit limits, and implementing strategies to minimize risk exposure.
Reviewing Credit Applications More Efficiently
This refers to streamlining the process of evaluating credit applications by using automated tools, standardized criteria, and data analytics to make quicker and more accurate decisions on credit approvals.
Identifying & Mitigating Fraud
Detecting and preventing fraudulent activities related to credit transactions, such as identity theft, falsified documents, or application fraud. Implementing fraud detection tools and protocols can help in minimizing these risks.
Generating profitable customer relationships
Focusing on building strong, long-term relationships with customers who have the potential for profitability. Understanding customer needs, offering suitable credit products, and providing excellent service can enhance customer loyalty and profitability.
Ability To Detect Suspicious Activity
Being able to recognize unusual patterns or behaviors in credit transactions that may indicate potential fraud, delinquency, or other risks. Monitoring for red flags and implementing alert systems can help in early detection of suspicious activities.
Track Credit Profile Over Time
Continuously monitoring and updating a customer’s credit profile to track changes in their financial situation, credit behaviour, and risk level. This helps in making informed decisions regarding credit extensions, adjustments, or risk mitigation strategies.
faq
General Credit Reporting
Are Commercial Credit Reports instant?
Yes, after you are set up you will have online access to instant reports.
Can I get business credit reports on international companies?
Yes, we offer several international report options, both real-time reports and freshly investigated.
I can’t find the company I am looking for. What should I do?
Try searching with fewer details. Use just the company’s name and state to improve your chances of finding it. If you’re still unable to locate the company, please note that businesses are not required to provide their data. Contributing data is crucial for creating comprehensive reports.
How can a business credit report help my company?
A business credit report can help your company make informed decisions by providing insights into the financial health and payment behavior of potential clients, partners, and suppliers. This can aid in risk management, credit decisions, and establishing strong business relationships.
What information is included in a business credit report?
A business credit report typically includes the company’s credit history, payment patterns, public records (such as liens, judgments, and bankruptcies), company background information, financial statements, and credit score. Reports vary depending on the vendor and type of report.
faq
NACM Credit Reporting
Are Commercial Credit Reports instant?
Yes, after you are set up you will have online access to instant reports.
I can’t find the company I am looking for. What should I do?
Yes, we offer several international report options, both real-time reports and freshly investigated.
Why an NTCR over another report?
The major reporting agencies offer several of the same components of a credit report. One key benefit of the NTCR report is identifying member numbers displayed first for the local affiliates. This allows industry group members to identify their peers within the report between meetings.
How can a business credit report help my company?
A business credit report can help your company make informed decisions by providing insights into the financial health and payment behavior of potential clients, partners, and suppliers. This can aid in risk management, credit decisions, and establishing strong business relationships.
What information is included in a National Trade Credit Report (NTCR)?
The NTCR consists of trade information including trend analysis, chart of top industries reporting, a predictive score, collection accounts. You may also request additional information such as public records which includes judgments, state and federal tax liens and more.
faq
D&B Credit Reporting
Are Commercial Credit Reports instant?
Yes, after you are set up you will have online access to instant reports.
Can I get business credit reports on international companies?
Yes, we offer several international report options, both real-time reports and freshly investigated.
What is a D&B PAYDEX® Score?
Dun & Bradstreet assigns scores on a scale of 1 to 100, with 100 being the best possible PAYDEX Score. Scores are divided into three Risk Categories, with 0 to 49 indicating a high risk of late payment, 50 to 79 indicating a moderate risk, and 80 to 100 indicating a low risk.
What is a D&B Failure Score
The D&B® Failure Score (formerly the Financial Stress Score) also uses a 1 to 5 rating, but the FSS pertains to the business’s likelihood of financial stress – such as filing for bankruptcy – in a 12-month outlook.
What information is included in a business credit report?
A business credit report typically includes the company’s credit history, payment patterns, public records (such as liens, judgments, and bankruptcies), company background information, financial statements, and credit score. Reports vary depending on the vendor and type of report.
What is the D&B Rating?
The D&B® Rating combines a company’s size and its balance sheet information (the company’s assets, liabilities, and the owners’ equity) and uses this to create an overall rating for the business’s creditworthiness. This score can help viewers make sense of all the information in a business credit report by giving an overall indication of a company’s credibility.
How can a business credit report help my company?
A business credit report can help your company make informed decisions by providing insights into the financial health and payment behavior of potential clients, partners, and suppliers. This can aid in risk management, credit decisions, and establishing strong business relationships.
faq
Experian Credit Reporting
How do I obtain access for Experian credit reports?
Contact customer service for the completion of the appropriate documentation. You will generally have access within a couple days.
Do I need approval to access a business credit report?
No approval is necessary for a business credit report. Unlike personal credit reports which are regulated under permissible purposes only, commercial business credit reports can be ordered as often as you wish.
Are credit reports instantaneous?
Yes. You are provided the website logins and after entering the search information, it will deliver back the report instantly.
What if I cannot find the report I am looking for?
If you have already searched once, please contact customer service for assistance to avoid duplicate billings. Generally, it is better to search with less details such as company name, city and state.
What information is generally on a business credit report?
A business credit report typically includes the company’s business facts, credit history, payment patterns, public records (such as liens, judgments, UCC’s, and bankruptcy listings), credit scores, and more.
What does the Experian’s Credit Risk Score indicate?
The score is from 1 to 100. One indicates high risk; 100 indicates low risk. There are two exclusion scores. A 998 displays when there is a bankruptcy within the past two years. A 999 displays when there is not enough information to score the business.
What does Experian’s Financial Stability Risk Score indicate?
The Financial Stability Risk Score predicts the likelihood of financial stability risk within the next 12 months.
Can I obtain a consumer report from Experian?
Yes, Experian offers the Business Owner Profile report. These reports are for accessing the owner’s personal credit information when you have obtained a personal guarantee, or they are a small business lacking information on their business credit report. You must have a written authorization for accessing these reports and should be aware of all FCRA guidelines.
faq
Equifax Credit Reporting
Are commercial credit reports instant?
Yes, after you are set up you will have online access to instant reports.
Can I get business credit reports on international companies?
You can access business credit information from more than 200 countries worldwide.
I can’t find the company I am looking for. What should I do?
Try searching with fewer details. Use just the company’s name and state to improve your chances of finding it. If you’re still unable to locate the company, please note that businesses are not required to provide their data. Contributing data is crucial for creating comprehensive reports.
What Does the Business Delinquency Score mean?
A score developed using both financial services and trade payment data, providing a high degree of predictability. Scores range from 101 – 662 with a lower score indicating higher risk. A 0 indicates a bankruptcy on file.
What is the Difference Between Business Failure Score and the Delinquency Score?
This score predicts the likelihood of business failure through either formal or informal bankruptcy within the next 12 months.
What information is included in a business credit report?
A business credit report typically includes the company’s credit history, payment patterns, public records (such as liens, both financial and non-financial judgments, and bankruptcies), company background information, financial statements, headquarters and credit score. Reports vary depending on the vendor and type of report.
How can a business credit report help my company?
A business credit report can help your company make informed decisions by providing insights into the financial health and payment behavior of potential clients, partners, and suppliers. This can aid in risk management, credit decisions, and establishing strong business relationships.
What does the Payment Index mean on a Canadian report?
A numeric measure of payment habits. Ranges from 0-99. The closer the score is to 0, the better they are at paying the creditors.
What is the Credit Index Score on a Canadian report mean?
It is a general measurement of the positive and negative characteristics of a commercial file as it relates to overall credit worthiness. A low CI suggests mostly positive credit history.
faq
International Credit Reporting
Are international commercial credit reports instant?
It depends. Business credit information availability is not the same for each country because of economic and political rules. It depends on what is readily available or if you want a freshly investigated report, which could take a few days.
Which supplier of international reports is best?
We suggest you contact your Customer Service Representative which can help guide you to the best resource depending on your needs.
What information is included in an international credit report?
Every country is different on how they collect information related to companies. You can generally find company identity and structure, company status and financial standing, negative legal events and adverse data, business management and shareholders, details on activities and related parties and risk assessment.
faq
Consumer Credit Reporting
Are consumer credit reports instant?
Yes, after you are set up you will have online access to instant reports.
Can I get consumer credit reports on international individuals?
Consumer credit reports offered are domestic reports only, with the exception of Canadian reports being available.
I can’t find the individual I am looking for. What should I do?
Are you utilizing the social security number, which can assist in identifying the correct individual? Try searching with fewer details. Use just the individual’s name and state to improve your chances of finding it.
Are there legal guidelines I need to follow to access a consumer report?
Yes, please refer to the Fair Credit Reporting Act Guidelines (FCRA)
What information is included in a consumer credit report?
No matter which bureau a consumer report generally includes some personal information, credit history including open as well as closed accounts, history of on time payments and delinquent payments, comments such as write-offs, etc.
How can a consumer credit report help my company?
A consumer report can be helpful when accessing a small business that may not have much on their commercial credit report or when a principal of a company signs a personal guarantee.
Credit Reporting
A Word From Our Members
KEEN, Inc.
Kodiak Building Partners
Walters Wholesale Electric
Toyota Lift
Conmas Construction Supply
American Int'l Forest Prod LLC
