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Re: Dunn and Bradstreet

Creditbuilder — Sat, 17 Jan 2009 10:03:37 GMT

As a former veteran employee of Dun and Bradstreet, I can tell you that with potential 150 mitigating factors, there are a lot of intricacies when building your credit report - but first let us get the fact's straight.

#1. D&B (spelt Dun and Bradstreet) is not a credit reporting agency. They are a 3^rd^ party source where they keep information that is either volunteered to them or is public record.

#2 If you want to build your credit report because you want to borrow money, you are simply approaching this in a reactive manner rather then taking a proactive stance because, think about it for a minute - the info you supply D&B is going to be the same info you need to supply lenders anyway, therefore I can tell you right now that you probably are thinking I want a good Paydex score. Might as well quit while your ahead.

There are literally many other myths... some of it can be found under "credit secrets" at http://businessformationgroup.com/creditsecrets.html

Without going into too much of an in-depth 25 page explanation let me summarize by saying that dealing with D&B you want to think profile and not report - and please be careful where you open your trade lines and which trades you choose to add is not going to have a direct impact with D&B, but when the lender checks your portfolio, it might have an effect with them.

Good luck.

Re: Dunn and Bradstreet

Lighthouse24 — Sun, 29 Jun 2008 20:38:46 GMT

You're welcome! I'll mention (since you're new to the community) that in addition to marking a question as "answered," you can award points for "helpful" answers by clicking on those buttons.

Re: Dunn and Bradstreet

doctormw1 — Sun, 29 Jun 2008 17:31:53 GMT

thanks so much for the prompt response....i love this forum!!!!

Re: Dunn and Bradstreet

Lighthouse24 — Sat, 28 Jun 2008 20:28:41 GMT

You can (and should, if you're trying to establish the recommended six active accounts) call the credit department of any prospective vendor or supplier and ask if they report to D&B.

Some other companies I'm aware of (besides Staples) that report to D&B via their "trade tape" program are Ford Motor Credit, Home Depot Commercial Revolving, Dell, Fry's, Uline, FedEx/Kinkos, UPS, Sprint/Nextel, LaborReady, ConocoPhillips, and Shell.

Hope that helps. Welcome to the community and best wishes.

Re: Dunn and Bradstreet

LUCKIEST — Sat, 28 Jun 2008 18:27:18 GMT

Dunn and Bradstreet, Welcome

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Dunn and Bradstreet

doctormw1 — Sat, 28 Jun 2008 17:20:04 GMT

does anyone know what other companies automatically report to dunn and bradstreet? ive found out through this forum that staples does but could not find out if any other businesses report as well. im trying to build and establish myself in the business credit arena to help me with good loans in the future. thanks!!