provide such a high level of quality, at admittedly, half of the price of its nearest competitor?
Buying power. We buy Credit reports at sometimes one-third of the market rate because we are a licensed credit bureau, and because we have been buying these reports for 26 years. We also buy our driving histories at a fraction of our competitors, and when buying criminal records, we only use fellow PRRN, or NPRRA research firms which all discount to each other because we are an Industry Cooperative. We also establish a national norm for pricing, which affords the customer an anticipated cost for all of their reports, rather than an unpredictable cost structure, which is hard to budget for. Simply put, this means that we have an average price for criminal checks, which could be high in some areas, and low in other areas. This means that the customer benefits from average pricing, rather than area-sensitive pricing. When you have thousands of clients in all parts of the Country, the offsets exist for available profit for us, no matter where we do the research. A big client base benefits
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- provide such a high level of quality, at admittedly, half of the price of its nearest competitor?
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