HMA CREDIT WATCH |
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Making good decisions about extending credit to customers is important to the survival of every business. Getting timely, reliable credit information can be time-consuming and expensive. This page will introduce you to the HMA CREDIT WATCH. Credit Watch was formed by members of the Model Railroad Industry Association. Its purpose is to provide accurate model and hobby industry-wide credit reporting for its members. Later the service was expanded to include RCHTA and IMMA hobby trade association members. MICA members receive a monthly form on which they report delinquent accounts. MICA then compiles all of the delinquent information received from its’ reporting members into one report which is emailed to the members who returned their forms. The report is regenerated each month from the information received, except that written-off accounts are kept on the report for a minimum of 2 years. By reviewing the report each month, it’s easy to spot trends and target developing credit problems so you can do something before it’s too late. The cost of belonging to HMA CREDIT WATCH is now included with your annual HMA membership dues. Our members tell us they can save much more than their annual dues by identifying poor credit risks and taking appropriate actions. When you become a member of HMA credit watch, you’ll find that the monthly report will become an important and integral part of your credit decision-making process. |
