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What is an industry credit group (or credit interchange)?

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What is an industry credit group (or credit interchange)?

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A credit interchange is a group of companies, often in the same industry, that join together to share credit information on mutual customers. Credit groups are usually monitored/managed by an outside party, like ABC-Amega, with the expertise to ensure the information shared is factual and the group does not run afoul of antitrust regulations.

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