About Us

Credit Managers Daily Business News Report was created in 1984 when its developer, Stephen Bastien, was a financial executive for a large Chicago chemical manufacturer.

Mr. Bastien shipped, on open account, $100,000 in merchandise to a new customer, only to find that his new customer had filed bankruptcy the day before. Information about the bankruptcy was hidden in a small article in the back of the Wall Street Journal.

While Mr. Bastien purchased the necessary credit reports on this new customer, there was no indication that they were in financial trouble or on the verge of bankruptcy.

With little time to read the Wall Street Journal as thoroughly as he knew he needed to, and with the major credit reporting agencies having insufficient up-to-date information on this new customer, Mr. Bastien recognized the need for a publication that furnished up-to-date, company business information on financially-challenged companies in a brief , easy-to-read format. Gathering information from hundreds of sources each day, Creditor Managers Daily Business News Report became that publication.

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Today, with offices in downtown Evanston, Illinois, only two blocks from Northwestern University and 20 minutes from downtown Chicago, we are dedicated to providing the latest in business information and company news on the nation's PRIVATE and PUBLIC companies.

To contact us call 1-800-407-9044, email us at dailybusiness@creditmanagers.biz, or fax us at 847-491-6331.