History

Henry A. Molony Jr. purchased the Charleston Board of Trade in 1931. Molony turned the Board of Trade into Charleston’s first credit bureau, eventually becoming an affiliate of Equifax. Henry’s youngest son, David A. Molony started the Credit Adjustment Bureau in 1955 out of a need for a full service collection agency to assist area businesses. The tradition continues today with his son Kelly Molony, who as president of CAB has garnered national recognition with the International Fellowship of Certified Collectors Award. He lectures to students and credit management groups, and also makes appearances on television and radio shows discussing credit and collections.

From his grandfather who started the Credit Bureau of Greater Charleston in the 1930's, to Kelly, a leader for the new century, the longstanding reputation established by the Molony family is one of reliability and know-how. CAB has demonstrated time and again that we can be trusted to handle not only customer accounts, but even more important matters, such as community perception and reputation. With our expert staff and experienced leadership, its progressive computerized technology, and dedication to the philosophy of integrity and client satisfaction, CAB offers the complete A/R service package.