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

[Irving]

I went on a personal credit building rampage a few years ago where I increased all my lines of credit every six months for as long as they would let me. Increasing credit ups scores faster than paying down credit, but it's dangerous if you aren't good with credit in the first place. I eventually got to a place where after requesting a credit limit increase, I'd get a letter back from one card company, referencing another card (and that card's limit) and how I wasn't using that card, or their card, so "no, we aren't going to increase your credit anymore."

[iego]

Yeah, I am generally watching my credit score from a perspective of fraud or identity theft or other malicious intent.

I have everything locked down, so that credit bureaus, have to ask me, before giving financial data to someone who asks.

-John

[Irving]

We're kind of getting off track of business credit though. I don't think you can lock down business credit anyway, as other businesses will pull your credit to help decide whether they want to do business with you.

[iego]

I'm telling you there is no such thing as "business credit." Your personal credit is all that matters.

D&B, or DUNS number is just a number.

-John

[FoxtArt]

Business tax return showing a ton of income is quite valuable, as is being in business awhile. Prove you don't need credit, practically don't want credit, and you finally magically get credit!

You can also substitute "credit" for "a beautiful woman". Except the latter, when it leaves, will charge hefty penalties.

[TFOGGER]

Amex and Chase have routinely upp my credit limits on my business cards. Started with AMEX with a 6K limit, I think, Now all 3 cards(2 Chase, 1 Amex) are over 35K limit (no running balances). Took about 10 years. As a bonus, the Amex points have sent me on vacations all over the western hemisphere.

[Irving]

I'm telling you there is no such thing as "business credit." Your personal credit is all that matters.

D&B, or DUNS number is just a number.

-John

So in a small business with 15 total people working in the business and 3 partners, when it's time to get a loan, whose credit is run? All three partners? The employees?

Business tax return showing a ton of income is quite valuable, as is being in business awhile.

Income doesn't mean anything for credit. A business can have $200,000 cash in the bank and not qualify for a $50,000 loan if they have no credit history.

As I suspected, business credit is not well known and tough to find good advice on.

[iego]

Yes, they will run your personal credit. At the end of the day, you secure the loan.

-John

[DFBrews]

Sturtle I understand your frustration with this thread

Iego I do not know your business back ground but I know Irving?s and as small independent human with a small business I have personally set up accounts with vendors and got the pricing tiers that I did solely on my D&B score

If I had to do a personal credit inquiry for every vendor account it would be detrimental

[iego]

Let's keep in mind that loans are unnatural from the beginning. Somebody comes to you for a loan, and you look at them funny.

-John