Credit circle

A credit circle is created when members of a common group -typically a trade association or federation - come together to share information on credit related matters, such as late payers or bad debtors. Credit Circles traditionally meet together on a fairly regular basis (such as quarterly) although some now share information online to allow each member to carry out a real time credit check on any new customers. This online service is only available via a company trade association or federation through Creditlook.