Top 10 Costly Business Credit Mistakes to Avoid (Part 2)
Costly Mistake #2: Destroying Your D&B File by Checking it Yourself!
Can you go to Dun and Bradstreet and check out your own profile or check to see if you even have one? Yes, You Can!
But here’s the problem, if you go to Dun and Bradstreet too early and pay them to set up a credit profile, they’ll give you a number and access to log in to see if you have a credit profile. That won’t help you if you do not have a profile with D&B.
Depending on what package you get. The package can cost anywhere from free to $700. With the purchase of some of those packages they say they will build a credit profile for you. They really won’t do it. They’ll just get a number for you and they’ll see if there are any vendors you currently work with that will report.
Then when they start to check your corporate compliance, if everything isn’t in order, they will redflag you or put comments on your file. “Secretary of State lists this persona as a CEO. This person from the company listed somebody different as its CEO.” They will start putting things in your file that is potentially negative information. (insider information from a former Dun and Bradstreet employee)
Posted on January 13, 2011, in Business Credit, Business Finance, Business Management and tagged banking & finance, business credit, business financing, commercial credit builder, credit savvy CEO, SBA loans, shameca tankerson, small business loans, wealth builders network. Bookmark the permalink. Leave a comment.