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Credit Check on Customers

Posted: Thu May 16, 2019 9:24 am
by allplastics
Hi everyone,

Looking to see how many of you use dun & bradstreet for checking customers credit information.
Or if you know of any other decision making tools to approve customer credit limits.
Thank you
Griselda

Re: Credit Check on Customers

Posted: Tue Aug 27, 2019 1:30 pm
by hollysawyer
Hello, we are using www.creditsafe.com. They are a lot less expensive than D&B. Of course, the trade-off is that there is not as much data. However, I can usually get useful information and as the company grows, there is more data available. We pay $850 per year and have unlimited reports and queries.

Re: Credit Check on Customers

Posted: Fri Aug 30, 2019 9:07 am
by EngineeredProfilesLLC
We started using Credit Safe a year or two ago as well after using D&B. Our experience is similar in that there is a little less information available, but we thought there was enough there to switch over due to the lower price. Our AR Manager commented that for a snap shot at a point in time it works well, however for continuous monitoring it is not as good as D&B as the metrics aren't quite as good and they seem to bounce around a little more. But overall we have been happy and have continued to renew.

Re: Credit Check on Customers

Posted: Fri Aug 30, 2019 10:35 am
by mebord576
We haven't used D&B in years. My personal opinion is that they are a joke and the only info they get is what people feed them. Commenting to our banks my opinion has usually received similar comments that there are better choices.

Re: Credit Check on Customers

Posted: Fri Sep 13, 2019 1:11 pm
by jimeberle
We ask for and check trade references. If they refuse to provide, we make them stay cash positive until they have established history with us.