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Media Contact: Caroline Zimmerman, Editorial Director, 410-740-5560, carolinez@nacm.org

NACM’s Credit Managers’ Index for August Reestablishes Early Summer Growth, Improves to 56.4

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The National Association of Credit Management's (NACM's) CMI report for August 2013 bodes well for the coming months, with sales and collections performing strongly. The trend of the last four months is now clearly positive, with only July bucking growth.

Columbia, Maryland: August 30, 2013—The National Association of Credit Management's (NACM's) Credit Managers' Index (CMI) for August returned to the growth patterns of earlier this summer. The numbers look impressive again, and the index sits at 56.4, up nearly a full point from July's 55.5. The last few months were a little volatile, but not unexpected. The surge that kicked off the summer was based primarily on expectations, but as the second quarter came to an end there was some fear that business anticipated too much, too fast. The big jump from the April index's 53.3 to May's 55.6 was followed by a couple of months that looked ok, but which didn't carry the momentum forward significantly. July now looks like a month that gave businesses a chance to regroup and consider what the rest of the year would really look like, as the August numbers are the best in over 18 months, and higher than the previous peak in June.

NACM’s Credit Managers’ Index for July Falls, Tough Month for Collections

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Columbia, Maryland: July 31, 2013—The National Association of Credit Management's (NACM's) Credit Managers' Index (CMI) fell from its June high of 56.1 to 55.5 in July, led by a sharp decline in collections.

The "dollar collections" category moved from 59.3 to 57.5, taking the category down to some of the lowest readings of the past year—only three of the last 12 months were lower than July's, suggesting that there are some additional strains showing up within the creditor community. All of the other favorable factors declined as well, and the favorable index as a whole fell from 62.8 to 62.4.

NACM’s Credit Managers’ Index Shows Continued Growth for June

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Columbia, Maryland: June 27, 2013—The June Credit Managers’ Index (CMI) from the National Association of Credit Management (NACM) confirms that the significant growth reported in May was genuine. The June CMI reached 56.1—not as dramatic a jump as last month, but still trending in the right direction. The reading is now as high as it has been since before the recession started to drag the economy down.

The index of favorable factors dipped a little, but remained above 60 at 60.8 which bodes very well for the future. Sales remained well above 60, even though the factor slipped slightly from 63 to 62.3, while new credit applications also fell from 59.2 to 58.8. Dollar collections was basically stable, rising from 59.2 to 59.3. Finally, amount of credit extended fell from 65.0 to 62.8. This has been perhaps the steadiest of the favorable factors given its narrow range over the last year: a low of 60.8 in April, with a high of 65.0 in May.

National Association of Credit Management (NACM) Offers Commercial Credit Reporting Fact Sheet as an Alternative to Misguided Virginia Commercial Credit Legislation

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Free fact sheet aims to help business owners understand the process of business credit reporting and their rights regarding their business' commercial credit report.

Columbia, MD: June 26, 2013—The National Association of Credit Management (NACM) is offering its recently-released "Commercial Credit Reporting: What Every Company Needs to Know" fact sheet as an alternative solution to a problem that Virginia House Bill 2198 (HB 2198) aims, but fails, to address.

Allegations of aggressive sales tactics on the part of certain commercial credit monitoring services in Virginia originally drove the introduction of HB 2198 earlier this year. NACM has opposed the bill since its introduction, believing that the bill's onerous new requirements on commercial credit reporting agencies and providers of commercial credit information would restrict the exchange of this vital type of data between businesses and ultimately make commercial credit reports on Virginia businesses weaker and less useful to trade suppliers hoping to make an accurate credit decision about whether or not to sell to these businesses.

WSJ Follows Up on NACM Response to Commercial Credit Article, Virginia Credit Reporting Bill

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NACM was used as a source in a recent Wall Street Journal article, focusing on allegations of aggressive sales tactics from Dun & Bradstreet Credibility Corp. (DBCC). These allegations were what spurred Virginia Delegate Michael Watson to introduce HB 2198, a bill that NACM is currently hoping to defeat http://www.nacm.org/enews/enews-archive/2476-enews-jun-13-2013.html/#2.

The article was published on the heels of NACM's response to an Associated Press article about commercial credit reports and how they affect a company's ability to get financing.

Complaints and Lawsuit Over CreditBuilder Service, Wall Street Journal, June 20, 2013

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