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I am the owner of a small
I am the owner of a small business. I belong to an association that works exclusively with suppliers and distributors who also belong to this industry. The association is reporting information that is false about my company, and some of their information is grossly inaccurate. We have been in business for 15 years.
The so-called credit score that this association has provided to our suppliers has jeopardized our relationship with some suppliers. We have been refused credit, and sometimes we cannot purchase at a fair market value from a particular supplier based in inaccurate information that this association keeps on file. Some suppliers have one standard rate for customers with good credit and one rate for companies with "questionable" credit.
What's worse, in some cases, our suppliers are not basing information on their current experience with us. They are basing it on our credit score with the association. I told one supplier that I never had a problem with them, and their answer was: "based upon the association's credit score, you might be a problem."
We have written to correct the information, but they will not do it. The suppliers who furnish wrong information or who mix up owners and businesses by name, refuse to correct the information, or they make corrections "at their convenience."
We are told that a Private Association does not have to comply with any regulations, and they are not governed by any laws.
I would like to know if this statement is accurate. If they are providing information as important as credit information, shouldn't this association does not have to comply with fair standards and practices laws? They are jeopardizing our ability to make a fair profit, and in general they are jeopardizing our livelihood.
The information is one-sided. Why shouldn't we be given information about a supplier before we place an order for $200,000 or more? Why shouldn't we be given the opportunity to know more about who we are working with as well?
Can you please advise me on this?
Thanks so much.