Anyone using Amazon Business? Do they report to D&B?

[Irving]

I'm not sure we're talking about the same thing. Are you talking about business credit?

Dun & Bradstreet, Experian, and Equifax are the business credit bureaus, with D&B being the major of the three.

[buffalobo]

Irving, make an appt with small biz rep at your bank. Even if they don't have what you looking for it will be worth your time.

[iego]

No, Dunn & Bradstreet, or DNB, is just an identifying number. Nothing to do with your credit rating. Either you have a DNB or you don't.

Transunion, Equifax, and Experian, are the credit agencies.

-John

[Irving]

Irving, make an appt with small biz rep at your bank. Even if they don't have what you looking for it will be worth your time.

I sat down with someone, but it wasn't as helpful as I wanted. They asked how much money I needed, and I told them I didn't need any money, but wanted to build business credit, and had already started years ago. They suggested I get a business credit card, then told me that they would pull my personal credit score. I asked why they would do that, since I thought the two weren't related. They said they had to start with something. So I let them do their thing, and my very high personal credit score got me a shitty business card with something like a $2,000 credit limit, from a shitty company that I've had in the past and had a bad experience with. So far, the experience has been poor and that company hasn't changed it's tune in the decade or so since I last dealt with them. I think I'm going to cancel that card and call Amex and see what they can do for me. Generally I would not recommend canceling a card, but this company is shady and I don't want an association with them. I know it's easier/faster to build business credit than it is personal credit, but I don't know if canceling a card is more or less difficult to overcome in the business world.

I went to look and see if I have a DUNS number, and I do. NAV is one of the credit monitoring services and I can find credit rating from D&B and Experian, but not Equifax. So far stuff is looking good, so I'm happy. I'm still interested in knowing about companies that specifically report to the business credit bureaus though. Most people have no idea what you are talking about when asking about business credit, so it's a bit of a difficult road.

No, Dunn & Bradstreet, or DNB, is just an identifying number. Nothing to do with your credit rating. Either you have a DNB or you don't.

Transunion, Equifax, and Experian, are the credit agencies.

-John

I'm not going to beat a dead horse, but you are mistaken. D&B puts out a PAYDEX score.

[iego]

They can put out any score they care to, nobody cares about a D&B Paydex score.

I've never heard about it before, and I have been in business for 40 years.

I am telling you, it is immaterial.

-John

[Irving]

You were telling me that D&B wasn't a credit bureau. If you shift your goal posts, you win every time.

I don't know if it's important or not. What I do know, is that every time I've ever gone down the rabbit hole of researching business credit, only three names are ever mentioned, Dun & Bradstreet, Experian, and Equifax. Business credit is different than personal credit. I'm under the impression that most small businesses don't even really understand that there is a difference and make no effort to produce, or improve their business scores. Since I don't know what the future holds, it's important to me to try and make sure I have a good business credit rating, in the case that I ever need it.

[Irving]

On another note, while looking up this stuff, I see that my personal score has dropped over the last two months and I'm not happy about that. Grrr.

[iego]

I was amazed at how much of a boost I got when I signed up for Transunion's Credit monitoring service.

I also locked down my credit at each of the credit bureaus, so they have to ask me, before giving people credit decisions on my behalf.

-John

[Irving]

Then you just need to unlock it before you do anything that looks at your credit right? Basically applying for new cards or getting any loans.

[iego]

Yup, just bought a $50,000 truck. You can imagine my panic when I realized all my credit was locked down.

Anyway, I got enough credit unlocked (hint: transunion, the credit service I subscribe to) and was able to buy the truck.

-John