It is a good idea, but you need scale to make it meaningful. Last time I checked, NAMAA has over 10,000 defaulted merchants in our database among the 20+ companies that report. We also track and report "suspicious" submissions (altered bank statements, phony landlords, lying about other cash advances/loans outstanding, etc.).

I'm not advocating for new members for NAMAA, just explaining what it takes to make a successful and valuable database of information.