Direct vs. Indirect Sources of Credit information
Direct investigations are those where credit information is collected by
the creditor either through direct contact with the customer or through direct
contact with noncommercial sources of information such as individuals, banks
or other trade references that may have useful credit information. Customer
supplied financial statements or information from a telephone interview are
examples of information gathered through direct investigation.
Indirect credit
investigations usually refer to acquiring information from sources that
are in the business of preparing information on companies.
A credit report purchased from a commercial credit reporting agency
is an example
of information obtained by indirect credit investigation.
| Types of Direct Investigation |
Types of Indirect Investigation |
Direct Correspondence
Order Acknowledgment
Request for Financial Statements
Terms of Sale
Additional Information
Refusal of Credit Letter
Acknowledgment Letters
Personal Interview
Telephone Contacts
Sales Representatives
Bank Information
Telephone
E-Mail or Telefax Inquiry
Personal Visit
Bank-to-Bank
Trade Information
Trade References
Trade Sources
Standard Practices
Other Sources
Newspapers
Internet
Directories and Other Reference
Materials
|
Credit Reporting Agencies
Dun & Bradstreet
Business Information Report
D&B Rating
D&B WorldBase
Payment Analysis Report
FCIB
Graydon
Rundt's
Organization for Economic Cooperation and Development (OECD)
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