CMA members can pull FREE NACM Credit Reports under the Reports tab on anscers.com until January 8, 2010.
Have any of you pulled any of the free reports and if you have, what are your thoughts about the content?
Dina,
One of the members in my group recently alerted us that a common account filed BK. I ran a NACM report just now. They are shown as a Risk Class 2 (Low Risk) and their score was better than 77.8% of the records.
I inquired on mostly California accounts. Two accounts in the San Francisco area are stable and well-established businesses. NACM had no record of them although it had one record for one of them when I typed an iteration of the name (not the proper company name).
In most of the reports for which information existed, it always included information from the Great Lakes Region but rarely from any other region. Although the accounts input were mainly from California or Arizona, there were only a couple of instances where the Los Angeles area had information.
I don't quite understand an explanation line in the report that appeared a couple of times - - "....past due balance has been relatively high, over $100". In another case it made the same remark based on "over $550." In 2 cases, the report indicated that the risk level was low to moderate while in the other it was high risk. I don't understand what, if any correlation there is to this seemingly minor demarcation line to a past due amount nor how the amount is set. If it is some percentage of the total receivable amounts reported, I can't discern any connection given the disparity of reported amounts for the 3 accounts.
Most of the accounts showed an average of only 2 trade lines so, at this stage, the reports will be unbalanced (see BK example above).
I also submitted a couple of requests for accounts overseas, one in China and one in Hong Kong. Despite designating these foreign countries, instead of receiving a line that no records were found (which is what I received for some local accounts), the search resulted in a slew of companies within the USA but nothing outside our borders.
I do like the graph showing the last 12 months of activity and the percentage of late payments. It is a easily digested picture.
This review is based on approximately 8 reports requested.
I belong to an Industry Credit group through the MidWest / Chicago association. I pulled some of the reports and did not realize that your data base pulls from the other locations.
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