5.
Re: Dunn and Bradstreet Jan 17, 2009 6:04 AM
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.
