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Credit References
- Approve Terms Fast
Each member of The Credit Collective is placed in a Credit Circle with up to six similar companies.
Credit Circle formation is based on a variety of criterion including, number of customers,
gross sales per year, geographic location and market niches.
When circle members receive purchase orders from a new customer, they submit that account to the master database and their circle partners as a
"Credit Reference Query".
Each circle associate has an obligation to respond to that reference query with their experience within 48 hours. To do so, they complete a
"Query Response Form."
In addition to showing incoming references in easy to manage, exportable excel files and printable reports,
The Credit Collective also performs the following additional reference services:
• Credit Alerts – New credit references queries automatically search The Credit Collective database for pre-existing alerts.
• CrediFax™ – Allows members to automatically fax reference requests to non-Credit Collective members.
• BankFax™ – Allows members to automatically fax references requests to retailers’ banks.
• BBB Search – New credit reference queries automatically search The Better Business Bureau database for any information.
Credit 911 Service
- Get A Heads Up
Unfortunately, even with the best safeguards, sometimes a member may get a bad account.
Our extremely effective "Credit 911" Service is an early warning system that provides you
with email notice of all alerts generated by our members. Find out who is having financial difficulties,
who is slow paying, and who has been sent to collections – BEFORE YOU SHIP!
The 911 Service also sends you Unalerts when a member and retail account have come to a satisfactory resolution.
Credit Alerts and Unalerts are e-mailed to the Credit Collective membership at large.
Qualified Sales Leads
- A Bonus For Your Company
Identify new prospects. When queried about an account you do not already have, that information becomes a valuable lead for marketing
and follow up by your sales department. Sales leads include the name, address, type of retailer, buyer name and credit
references so your credit department can approve terms for potential new accounts BEFORE THEY ORDER!
This innovative concept eliminates the bottleneck between your credit and sales departments.
Pre-Collections Services
- Keep More Of What You’re Owed
Professionally written pre-collections letters could save you the 30-50% charge-off fees required by traditional collections services.
Our carefully worded three letter series has been proven to be highly effective. Our goals is to get you paid everything you are owed.
Retailer Mailing Lists
- Detailed, Pre-qualified Industry Lists
Increase your sales with one of our powerful databases containing over 10,000 pre-qualified specialty toy, game, educational, craft,
hobby and gift retailers. Whether you're a new company and need to do a catalog mailing, or a director or sales who wants to
know all the accounts in a particular territory, our lists are invaluable. Our lists include not only an account name, address,
phone and fax, but also include type of store (e.g., toy, educational, gift, etc), along with the buyer's name.
Credit references can be added to lists purchased by Credit Collective members.
Collections
- Members Save On Fees
The Credit Collective has made arrangements with
Charter Adjustments Corporation ,
a prestigious, national collections agency, to be our preferred collections vendor. Because of the strength of The Credit Collective,
CAC only charges our members a fee of 17% on collected debts. Accounts that need to be sent to an attorney will be charged a fee of 30%.
However, CAC will not submit any account for legal action without contacting you first.
Credit Card Processing
- Members Can Save Up To 40%
The Credit Collective has contracted with Nova Information Systems merchant services and
NTC Texas (Merchant Service Provider)
to provide your business with all the transactional capabilities of the processing network rated #1 by MasterCard for reliability
and availability. Through this relationship Credit Collective members have saved up to 40% on their credit card processing fees.
Fax your most recent credit card statement to us at 206-350-8127 to see how much we can save you!
Freight Optimization and Auditing
- Be More Profitable
Credit Collective members can now save money on their shipping by by working with
BirdDog Solutions
- the leading provider of contingency-based Parcel Shipping and Logistics Optimization Services. By converting
shipping data into actionable knowledge, BirdDog reduces shipping costs, provide timely information,
and return profits - Immediately. As a result of our collective bargaining efforts,
Credit Collective members retain a larger percentage of their discovered savings.
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