Gerri Detweiler – Personal finance author and Credit Advisor for Credit.com
Last year, a friend called me asking for advice. Her coaching and consulting firm was stiffed for a couple grand by another business. The firm that didn’t pay her for her services was located across the country, so there was a good chance that any money she spent trying to collect would be a matter of throwing good money after bad.
“Can’t I report them to the credit bureaus?” she asked. “Probably not,” was my response. The credit reporting agencies are set up to collect large volumes of information from established clients, not one-time reports like hers.
Today, my answer to her would be different.
That’s because Cortera, a community-driven business information company, has unveiled the Cortera Credit Exchange, a new online service that, for the first time, blends business credit report data with user generated payment experience reviews and ratings from companies’ business partners.
"I've been a Credit Manager for over 30 years and what Cortera is doing with their credit reporting community is amazing. It's totally revolutionary."
"Cortera has given us increased access to better information and has helped ensure that credit decisions are issued quickly and consistently."
