Trade References

Trade References

July 3rd, 2009

When you ask a genuine wholesale supplier for an account with credit terms, the wholesaler typically asks you for Trade References.  When supplying a Trade Reference your provide a telephone (fax or email address) that allows the new wholesale supplier to contact people your have purchased from in the past to determine your payment history and credit worthiness. 

A new business will not have any prior credit history.  You will have to pay up front or using your credit card until you have built up a good credit history with your wholesale supplier.  That wholesale supplier then becomes a Trade Reference for you (provided you have a good payment history with that wholesale supplier.)

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