Sources of Credit Reports

Unit 3.1- Sources of Credit Reports
This unit describes the purpose and components of credit reports. There are different perspectives when it comes to credit reports: from an individual, from a seller--business/ commercial-- or from a financial institution such as a bank.

The focus here is on the seller’s perspective. Assume that a person or persons within a business are responsible for assessing whether a buyer ( an individual, another business) has a credit history that demonstrates whether this party or parties can and will make payments accordingly. The credit report is obtained from a source outside the seller’s business. This type of information is contained in external credit reports.

The persons who request credit reports and analyze them have many titles--for example, analyst, credit manager, international credit manager. To keep things simple, assume that this  person is an  international credit manager (ICM).

In order to convey the purpose of a credit report, the following topics are presented:
 * the definition of a credit report and its components
 * purposes of a credit report
 * influences on a credit report.

Unit Outline

 * Introduction
 * Credit Report Components
 * Purpose of a Credit Report
 * Direct Sources of Credit Information
 * Other Sources of Direct Investigation
 * Indirect Sources of Credit Information
 * Summary
 * Resources
 * Activities
 * Assessment

Resources


Correlation: Materials from this unit correlate with NASBITE CGCP's Knowledge Statement 04/03/01: Knowldege of sources of credit reports (e.g. credit bureau, D&B, Hoovers, US Department of Commerce, International Company Profile)