Covering Business Credit

Credit Questions and Answers
Business Credit and Collections
Commercial Credit Management

Return to Q and A 2003Home

Doctor Credit

How can we avoid having to pay a service charge to get a rating on a customer from a bank?

Answer: Without trying to be flippant, banks charge for credit ratings because they can. There are no laws that prevent banks from doing so and this is a profit center - especially at $10 to $20 or more per inquiry. I share your frustration, but there is very little a creditor can do to avoid these service charges.


spacer spacer