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March 4, 2010 | Volume 4, Issue 3 | www.sdchamber.org | contact us Study Shows Chamber Members Offer Safer Bet When it Comes to Business Credit Risk A new study shows that Chamber members pay their bills faster and possess better credit scores than other businesses. The study details the credit scores and payment behavior of ten local chambers of commerce across the United States, comparing their member businesses with other regional, state and national business averages. According to the study, chamber of commerce members possess an average credit score of 629, compared to a 557 average score for businesses at large. Such scores – the payment behavior from which they are derived -- play a significant role in attracting lines of credit and securing favorable terms from lenders and suppliers. Chambers included in the study were the San Diego Regional Chamber of Commerce, Bowling Green (KY) Area Chamber of Commerce, Greater Boca Raton (FL) Chamber of Commerce, Greater Durham (NC) Chamber of Commerce, Greater Omaha (NE) Chamber of Commerce, Helena (MT) Area Chamber of Commerce, Lake Champlain (VT) Regional Chamber of Commerce, Lubbock (TX) Chamber of Commerce, Salem (OR) Area Chamber of Commerce, and Tulsa (OK) Metro Chamber. The study was produced by Cortera™, a community-driven business credit bureau, on behalf of ACCE, The American Chamber of Commerce Executives. Download the entire study.
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