Checking Credit on Customers

I love seeing business community-based initiatives...

Created by toy, game and educational manufacturers at the New York International Toy Fair in 2004, The Creditors Network is an innovative, online community of over 200 children’s products vendors that exchange daily credit references, alerts and sales leads concerning thousands oftoy, educational, juvenile, game, craft, hobby and gift retailers.
Our dynamic, peer-to-peer intelligence gathering model makes checking credit references and getting real-time risk information on potential accounts easier, quicker and more cost-effective than ever.

Now this is nothing new, peer-to-peer credit checking has always been the effective method, I even cover it in my book. what these people have done is just to create a website to collect and distribute the info.  It ain't perfect, and too expensive for the start-up, but it is in play, so it will ever improve, especially since the owners are the customers.

Another example of where the internet has lowered the cost and widened access to research and communication.

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