44.
Re: D&B CreditBuilder $549.00 Mar 10, 2008 1:28 AM
Don't pay for it.
Once D & B knows you need them, they will only come back and hit you for more money to get off of their "red flag" list, which is run from a p.o. box in Philly. The companies with the best D&B Paydex scores are the ones that won't take their phone calls. Remember, D&B is not technically a credit bureau, and is not subject to the same oversight and regs. They can charge you whatever they want, and say whatever they want to their subscribers about you. Fewer and fewer financiers pay any attention to D&B's "credit" reporting.
Your business can establish serious credit, reported to D&B and Experian Business Credit, by borrowing large amounts ($25k or more) with no personal guarantee, without even a credit check, if you agree to hold the proceeds of the loan on deposit. Then you can make monthly interest payments for a while before returning the deposited loan proceeds to repay the loan. This builds business credit in real dollar amounts, and also increases your company's "total of shareholder equity and liabilities" on your balance sheet - a line used to help determine capacity. It doesn't change your net worth, but it sure shows better balance sheet volume. You can also have more than one account at a time. You can do the same thing with your personal credit, and have it reported to Experian, Trans Union and PRBC.
Also, in both cases, the lender will give you the option of refinancing their loan to you, using a BofA or other bank loan or line of credit. To get it done, they will post your deposited funds as collateral with the bank. Now you become the source of a big deposit and a cash-secured loan or line of credit for the bank, a big leg up. See
http://www.creditloader.com/
