RTS Credit Sales (800) 506-7438
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RTS Credit Service is a credit reporting company that specializes in freight broker and shipper credit ratings using days to pay information. Our organization has been the industry leader, collecting transportation payment information since 1986. RTS Credit targets truck lines ranging from owner operators to carriers that have thousands of trucks. We also offer special memberships for 3PL’s, Brokers, Freight Forwarders, and Shippers to monitor their ratings and post additional information. Some of the largest and smallest transportation factoring or accounts receivable financing companies also use our service and experience to get accurate reports, minimize risk for their customers to keep them in business, and extend lines of credit. RTS credit reports are used to make billions of dollars in credit decisions every year!
Real time payment data – Our days to pay information comes directly from our factoring division RTS Financial and is downloaded into our system every day. This process reduces the lag time experienced by most other credit reporting agencies. Also, this information can be verified because it is all based on firsthand experience, not through surveys or stories. Use RTS CREDIT and you can typically spot slow pays 45 to 60 days ahead of the curve! RTS Financial processes over half a million invoices annually which are compiled from a network that encompasses 95% of active US freight brokers, 20,000 shippers, as well as Mexican and Canadian debtors.
Cost Leader – RTS Credit Service offers the most current information at an affordable price giving every size organization the experience and research of a large, costly credit department.
Transportation Specific – We are the experts when it comes to freight broker and shipper credit ratings. Our organization is a family owned company that has been an industry leader in transportation for three decades and we understand your business and its daily operations.
How do I join and what are the costs?
It’s simple! Click on the “Pricing/Free Trial Offer” button on the home page and fill out your company information to gain access. You then will have a representative contact you with pricing or you can see pricing on the “Renew my Account” tab after you log in. If you have any questions please feel free to contact us at 800-506-7438.
What do I get with my membership?
Along with access to credit reports on brokers and shippers you also get our daily Credit Alerts so you can track which brokers and shippers are getting downgraded each day. In addition to the main report you will have quick access to the broker’s surety bond/insurance, FMCSA verification, others reported experiences though the broker experiences, networking opportunities, helpful trucker websites, discounts to Factoring services, and our EFS Fuel Card program.
How are the credit ratings calculated?
Our scoring methods use every available resource available including, but not limited to; other major business credit services, business and bank references, information collected by our factoring division (RTS Financial), SEC filings, FMCSA information, and financial statements obtained or provided to our company. We constantly review our scoring practices to make sure our reports are reflective of the current changes in the industry.
Who is reporting this information?
We get our information through all sources available including, but not limited to; other major business credit services, business and bank references, information collected by our factoring division (RTS Financial), SEC filings, FMCSA information, and financial statements obtained or provided to our company. Our days to pay information comes directly from our factoring division (RTS Financial) this gives us a competitive edge because its updated every day and we have the invoices and monitor the process to give a true days to pay number for our members.
How can I improve my credit score?
The best way to improve you credit score is to improve your overall business practices; this includes paying your bills in a timely manner, being proactive and accountable. Any change that reduces the number of days it takes to pay an invoice can improve your credit score. Our reports are centered on the industry net average days to pay for a freight broker. THE DAYS TO PAY WITHIN RTS CREDIT REPORTS INCLUDE MAILING TIME. Make sure your company maintains good communication with all your business partners. Set terms upfront and be clear about all expectations. Quickly address any issue that may arise. Providing as much information as possible to your customers and carriers is vital in creating good relationships and maintaining a positive existing image, especially for new brokers.
How can I monitor my credit score?
RTS CREDIT does offer credit monitoring memberships. This membership will show others that you care about your company’s reputation and you want to provide as much information possible to the transportation industry in order to stay competitive. You will have unlimited access to your credit report to monitor days to pay and be able to review what other people are saying about your company through the broker experiences. In addition you will have the ability to add promotional information to your report. (Additional information includes; website links, company logo, sales figures, owner/directors contact info, credit references, etc). This is a great affordable way to promote your brokerage!