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CREDIT
SERVICES |
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Manufacturers
in the Plumbing-Heating-Cooling
industry, who
wanted a high-quality specialized, credit service at a reasonable cost,
established Manufacturers Clearing House of Illinois Inc in 1924. Our mission
for over (80) eighty years has been dedicated to this goal, together with
personal service. |
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CURRENT
PAYMENT TRENDS |
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Our
high-quality credit service includes a bi-annual Summary of Capital Ratings and
Paying Records on all distributors. Capital Ratings are based on tangible
net worth. Payment records reflect the actual number of payment experiences as
reported to us by the manufacturers for each classification on each account from
discount, prompt, through slow up to 30/60/90/120 days, & cash sales.
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COMPREHENSIVE
CREDIT REPORTS |
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In
addition, MCH provides detailed credit reports prepared from information
submitted by the distributors, financial information with a five year
comparative (when available), payment experiences of manufacturers with a
five-year comparison, UCC filing summaries, & other relevant public record
data.
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“
Credit is not an inherent right; it is not something which can be demanded.
Credit, therefore, is a privilege ! ”
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FINGERTIPS
ON THE AORTA OF THE INDUSTRY |
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Current,
up-to-the-minute information is available to our subscribers via the bi-weekly
Service Bulletin, Semaphore, and Micro Reports. All three of these
publications keep you informed of various events - such as new ownership, new
officers, claims placed for collection, NSF checks, past due holding orders,
bankruptcies, etc. |
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TRADE
CREDIT GROUPS |
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Manufacturers
Clearing House services various Creditors Trade Group Meetings in the United
States. These meetings give the new, and the seasoned credit professional
an opportunity to share and obtain information relevant to the industry, along
with challenges and opportunities in our ever-changing environment.
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