Are Dun & Bradstreet and Experian Business Credit important to your business credit profile?

Question

D&B (Dun & Bradstreet) has become a much-talked about credit reporting entity. But their antics are controversial, and it has been claimed that they often hold hostage small business credit reputations, for fees. 

Experian business credit is now on the scene and is actually a fully regulated credit reporting agency, unlike D&B. The difficulty is finding a lender who reports to Experian Business Credit.

My answer to this problem is the Standard Deposit Loan offered at creditloader dot com. Please review and let me know your comments.

chevyray8 · Accepted Answer

Great Info I'm also looking to hear all the answers!

Initial Underwriting Group · Answer

A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.

However, some companies out there offer "business" credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts - you are.

When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business' credit, while avoiding creating problems with your own.

Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for "strong business credit" (just like that in quotes) to find services that sell the information.


Good luck,


Ilya Bodner
Small Business Owner
Initial Underwriting Group

samas · Answer

credit bureaus for companies is a distinctly new thought. in assessment to client credit bureaus, maximum lenders do no longer use or rfile to organisation credit bureaus. organisation lenders do no longer rather rfile to D&B like client credit bureaus the two. To be indexed in D&B you may desire to deliver specific workplace work which comprise different economic records. maximum advertisement money owed rather do their own credit inquiries. You grant economic employer and commerce references and that they acctually call and get a reference. some will pull a D&B rfile, yet it particularly is often for many better transactions.

Are Dun & Bradstreet and Experian Business Credit important to your business credit profile?

3 Answers