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What Is A D&B Number?

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What is a D&B Number?

What do 225 million companies spanning across 190 countries all have in common?

They all have a D&B Number.

So what is a D&B Number? Why is it important? How does my business get one?what is a d and b number

In this post I will be covering everything you need to know about the DUNs Number and more importantly the key role it plays in establishing a creditworthy business.

A D&B Number also known as the D-U-N-S® Number or Dun & Bradstreet ID Number is a 9 digit number that is unique to each business that has one. This numbering system, known as the Data Universal Numbering System, was developed by Dun & Bradstreet back in 1963 in order to help standardize business information.
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401K Business Funding: How It Can Cost You or Save You Thousands

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401 K Business Funding

Thinking about taking money out of your 401(k) to start a business?

Becoming an investor and owner of a business does have many benefits but you should be very cautious about using your nest egg. More importantly there are significant legal steps you need to know so you don’t end up making costly mistakes. 401k business funding

Pulling money out of your 401(k) isn’t simply a decision of writing yourself a check. Do this wrong and you risk paying a 10% penalty if you are under the age of 59 ½ plus incomes taxes anywhere from 35%+ depending on your current tax bracket.

Let’s put this in perspective.

If you pull out $100k out of your 401(k) it can cost you $31k of that money in penalties and income tax. So instead of $100k you now have only $69k to invest in your new business. Ouch! Not too worry, the good news is rather than losing thousands of dollars of your hard earned money there is a better way.
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FREE Credit Scores May Be Free But Definitely Not Accurate

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FREE Credit Scores

Free is really free this time right?free credit score

I’m sure you’ve seen all the crafty commercials talking about how you can get your free credit score at ….. .com without having to submit any credit card information.

But what you may not know is the score you get is not your actual FICO® score, it’s an educational score or a credit score generated from a different scoring model other than FICO®’s.

One popular site, CreditKarma™ does offer free credit scores, but it’s not your FICO® scores. The scores you get are the TransRisk New Account Score, Vantage Score®, and Auto Insurance Risk Score from Transunion.

So where do all of these credit scores come from?

Let’s break this down.
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How To Get Business Credit Without Putting Personal Credit At Risk

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How to Get Business Credit

Are your business’ debts showing up on your personal credit reports?

In this post I will cover how to get business credit while protecting your own personal credit. Now keep in mind, having strong personal FICO® scores gives you excellent leverage when acquiring business financing. get business credit

However, a strong business credit rating showing credit diversity enables your business to show lenders it can stand on its own for financing. With a creditworthy business you can secure much greater financing with higher credit limits compared to relying solely on personal credit.

To accomplish this the first thing to understand is your business must establish a business credit report with all three major business credit reporting agencies; Corporate Experian, Equifax Small Business, and Dun & Bradstreet.
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