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Your Association has been working with NACM MidAmerica to provide ARMCA with a new service with tremendous value!Frequently Asked Questions:
Why did ARMCA select NACM?
Who is NACM?
Services Offered
Business/Trade Reports
Commercial Reports available
Consumer Reports available
When do I use a Commercial report?
When do I use a Consumer report?
CURE
Legal Service Bulletins
How much does it cost ARMCA members for the reports?
Want more information?
Log onto the ARMCA Section of NACM MidAmerica
Why did ARMCA select NACM? - NACM requires no advance purchase, subscription or other up front fees, deposits or costs.
- ARMCA members can purchase as little or as much service as they require on a pay-as-you-go basis.
- All credit resources and tools ARMCA members need are under one roof for our members' convenience.
About NACM
- NACM is the leading resource for credit and financial management, providing information, products and services for effective accounts receivable management.
- NACM represents 30,000 credit executives worldwide, making them one of the oldest and largest business organizations in the United States.
Services Offered: - Business/Trade Reports
- Consumer Reports
- Cure
- Legal Service Bulletin
Business/Trade Reports:
- Payment History
- Business Background
- Public Record
- Collection Activity
- Banking Relationships
- UCC Filings
- Proprietorships
- Partnerships
- Corporations
- Limited Liability Co. (LLC)
- Internet Access Available
Commercial Reports: - NACM Reports
- Experian Business Profile Report
- Experian Intelliscore (Risk) Report
- D & B Business Information Report
- D & B PAR (Payment Analysis Report)
- New! Equifax - Small Business Report
Consumer Reports: - NACM MidAmerica offers access to Trans Union - Equifax - Experian consumer credit reports.
- This service is available to any business with a permissible purpose allowed by the "Federal Fair Credit Reporting Act."
- Internet Access Available
When do I use a Commercial Report? - NACM Reports - when selling to local/regional builders, contractors, sub-contractors, or other general business entities.NACM reports offer:
- Details of payment history
- Public record filings
- If placed for collection
- NSF checks if reported
- General owner information
- Experian Reports - when selling to a contractor or sub-contractor or other business entity from another state or outside of the immediate area, or if no information exists in the NACM database. The Business Profile Report offers details of the subject's payment performance, public record history, and general information. The Intelliscore (Risk) Report is a synopsis of the Profile report. It provides condensed information shown on the Profile report but offers, in addition, a "Risk Score" to the business.
- D & B Reports - are national in scope and offer information beyond the paying habits of companies throughout the U.S. If the credit exposure is large, or if there just isn't enough information to satisfy the amount of risk you are being asked to consider, then these reports are suggested.
When do I use a Consumer Report? - When the customer is an individual, or is a new business with no credit history as a business, or when little or no information is available in any of the various business reports on the business itself either as a company or a trade name. Special note: When obtaining a consumer credit report, it is required that a permissible purpose exists and that you have the written permission of the individual whose report is going to be obtained. This is Federally mandated and is required on all first time transactions. Available from:
- Trans Union
- Equifax
- Experian Consumer Credit
CURE: - A 30 day courtesy collection service consisting of two letters and two telephone calls.
- What is CURE?
- Claims can be placed online here.
(*)These states are recent additions and limited historical information may exist.
Legal Service Bulletin: - Tax & Mechanics Liens, bankruptcies, suits, UCC's & Judgments in Oklahoma, Arkansas, Kansas, Missouri and Nebraska(*)..
- Online access available 24/7.
- Internet Access Available
ARMCA member pricing: - NACM Report - $24.00 / Operator assisted $32.00
- Experian Business Profile Report - $48.00 / Operator assisted $60.00
- Experian Intelliscore (Risk) Report - $24.00 / Operator Assisted $32.00
- D & B Business Information Report - $99.00
- D & B PAR (Payment Analysis Report) $65.00
- New! Equifax - Small Business Report - $24.00 / Operator assisted $32.00
Consumer Report - electronic $10.00
Operator assisted - $15.00
You can choose which report:Legal Service Bulletin - $275.00 annually CURE - $22.00
- What is CURE?
Information options: - Sign up here.
- Contact NACM at 1-800-593-0907. Let them know you are a member of ARMCA and they will take it from there!
If you have any questions or need assistance with these services, please call the staff of NACM MidAmerica and they will be happy to assist you.