Our Credit Reporting Products

In today’s business environment credit information must be current and verified. An incorrect legal name or lack of the most current bank and trade references will increase your uncollectible accounts. Our options for verified, investigated, onfile or custom reports provide clients with tailored credit management solutions. 

Business & Construction Credit Reporting:

  • The credit tools you need to manage your new accounts and monitor cash flow
  • Avoid taking on a bad credit risk when selling to another business
  • Quickly assess the creditworthiness of a customer
  • Obtain a credit check on any company
  • Reports that help you complete risk credit assessments with confidence
  • Construction reports for selling to contractors, projects, trades or builders
  • Commercial reports for approving your business credit sales
  • Improve cash flow
  • Vendor reports for new suppliers relationships
  • Get in-depth commercial information, including financial statements and payment performance data
  • Establish credit terms and assess potential risk
  • Account monitoring for ongoing receivables management

Credit Reporting

Comprehensive database with decades worth of credit data information

Readily accessible and searchable database updated by the minute; information at your finger tips.

Freshly investigated credit reports by subject matter experts

Verification of your credit application with fresh bank and trade references obtained to ensure credit data and background provides a robust view of business risk and credit worthiness of your customers.

On-File credit reports with legal name verification, legal data for all of Canada, payment trend data and aging, plus background of business, on-file bank and trade references, on file ATB data

Instant access to on-file credit reports through online portal for quicker, informed credit

Credit rating score on all reports summarizing crucial credit criteria such as payment trends, legal item history, age of business; amongst other factors

Credit rating scores provide factual predictive indication of how well a business is doing; helping you to mitigate risk for your business.

Account Monitoring

Detects changes in banking information, legal name, credit application trades, principals, secured creditors and items of public record (construction liens, statements of claim, returned cheques, collection claims)

Automated service set up through your online service with monthly submission of your ATB data.

 

  • Stay ahead and on top of changes happening in your customers’ businesses, pro-actively mitigating your risk.

Credit Group Meetings

Meeting of our members within similar business sectors to discuss common accounts to determine potential bad debt and slow pay accounts.

 

  • Cost effective way to review all customers in a confidential setting with up to the minute credit information.
  • On line access to your industry Credit Group members instantly to share or access credit information and trade ratings in between group meetings.

Credit Window

Unlimited access to snapshot views of payment trade information and record of legal claims over five-year period on your customers.

 

  • Making the credit decision process faster and streamlined.

Think Info

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Collections

Would you prefer to send your file to a collection agency or a law firm for almost the same price?

We are able to offer our customers LEGAL collections for almost the same price as collections agencies which is a HUGE advantage for our customers.

Many years of Legal Collections experience from simple collections, all the way to Lawsuit & Trial if necessary.

Partnerships with law firms across the country allows Lumbermens to offer Legal Collections services all across Canada.

Lumbermens’ partner Law firms are more effective at collections than collection agencies. Most people know that collection agencies are very limited in their power to collect whereas our network has multiple tools of enforcement including law suits.

Much higher recovery success rates given Legal Collections with our network, as compared to regular Collection firms.

NEW!

Avoid using multiple entities and being delayed!

Lumbermens’ first-of-its-kind Partner Network of specialized law firms creates highly effective ONE STOP SHOP for Debt Recovery

LIENS @ LUMBERMENS

Lumbermens Credit Group
is pleased to announce the return of one their most popular services for our members at an extremely competitive rate: Ontario Construction Liens

PRICING

$475 + HST

for a simple* Construction Lien

TO LEARN MORE, CONTACT OUR LIEN TEAM:

Call Lumbermens

CALL

1-800-761-2072

Email Lumbermens

EMAIL

liens@lumbermens.ca

*A simple construction lien is one that has 24-48 hours notice to Lumbermens and has 2 or less pins attached.