Finance:Credit circle

Short description: Firms sharing intel on customers payment habits

A credit circle is created when members of a common group, typically a trade association or federation, come together to share information on credit related matters of their customers, such as late payers or bad debtors. Credit Circles traditionally would meet together on a fairly regular basis, although some now share information online to allow each member to carry out a real time credit check on any new customers.

See also

• Credit Bureau
• Credit risk