Dun and Bradstreet Rating
Is your business listed with Dun and Bradstreet?
Have you established a Dun and Bradstreet rating yet?
If you are looking to build up your business credit report so you can establish a positive rating (80 paydex score) with D&B then you have come to the right place.
I’m sure you’ve seen countless articles and posts all over the internet explaining the importance of establishing a business rating with Dun and Bradstreet but what’s the fastest way to do it?
In this post I’m going to cover the three ways you can establish a Dun and Bradstreet rating and more importantly how you can do so in record time. First, you’ll need to obtain a D-U-N-S Number.
To establish a rating you can do one of three things:
1) Apply for credit with suppliers/creditors who report to Dun and Bradstreet
If your business does not have any existing trade references then the only option you have is to obtain credit with D&B trade reporters.
It’s important to note that not all suppliers/creditors report to D&B and the ones who do report (also known as trade reporters) don’t all report on a monthly basis. So it’s key to apply for credit with suppliers/creditors that report to D&B and report on a monthly basis.
2) Add your existing trade references to Dun and Bradstreet Credibility Corp
If your business has existing relationships with suppliers/creditors, you have the unique opportunity to establish a Dun and Bradstreet rating rather quickly.
Did you know it only takes four trade references to generate a Paydex score?
But before you purchase one of their programs you should be aware of how Dun & Bradstreet Credibility Corp CreditBuilder works.
3) Combination of using both suppliers who report to D&B and adding existing trade references
The greater the diversity of credit you have reporting on your business report the better. So a combination of using trade reporters and supplying your own trade references is ideal.
It’s important to realize your Dun and Bradstreet rating is not the only factor that determines the creditworthiness of a company. Factors such as company size, # of employees, years in business, business classification, revenues, etc. play a significant role.
In addition to building a favorable Dun and Bradstreet rating you should focus on establishing a business credit report and positive rating with Corporate Experian and Small Business Equifax.
Each of these three business credit reporting agencies serve specific segments of the industry. For example, when you apply for a business bank loan or line of credit, a bank will more than likely pull a report from either Small Business Equifax or Corporate Experian.
When applying for credit with a business or equipment leasing company your Dun and Bradstreet rating may play a greater role.
So take advantage of existing business relationships, establish new ones, and ensure those references are added to your business credit report.
Ready to build your business credit ratings? Become a member of my Business Credit Insiders Circle and gain access to a proven step-by-step business credit building system. A system that provides you access to trade reporters, supplier credit, fleet cards, business credit cards with and without a PG, funding sources and lenders that report to all the major business credit bureaus. Submit your name and email below for details and receive a free business credit building audio seminar ($597 value) =>
To Your Success In Business and in Life!
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About the author
Marco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. He is a business credit blogger for Dun and Bradstreet Credibility Corp, the SBA.gov Community, About.com and All Business.com. His articles and blog; Business Credit Blogger.com, have been featured in ‘Fox Small Business’,’American Express Small Business’, ‘Business Week’, ‘The Washington Post’, ‘The New York Times’, ‘The San Francisco Tribune’,‘Alltop’, and ‘Entrepreneur Connect’.
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