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What is a DUNS Number Used For? Here are 10 Uses

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What is a DUNS Number Used For?

Do you know the difference between your EIN and D-U-N-S® Number?

Having trouble determining what is a DUNS Number used for? what is a duns number used for

In today’s post, we’ll go over ten ways a DUNS Number is used and how it can benefit your company. Whether you’re a startup or existing business in search for credit or funding, a B2B business, a manufacturer wanting to win contracts, a supplier selling goods, or a construction company; after reading this post you’ll know exactly why the D-U-N-S® Number is so important.

First, let’s go over the difference between your EIN (Employer Identification Number) and a DUNS Number (Data Universal Numbering System). Although each of these are 9-digit numbers that identify a business they are not the same and they are used for different purposes.

An EIN Number is issued by the IRS to identify taxpayers who are required to file business tax returns. This 9-digit number is how the IRS identifies your business. In addition to filing taxes, you also use your EIN to open a business bank account, apply for business credit, and apply for business permits.

The D-U-N-S® Number is also a 9-digit number but it’s issued by Dun & Bradstreet, for business credit reporting purposes. The DUNS Number is linked to your company’s business credit profile with D&B; which is used by lenders, suppliers and potential business partners to help determine if a company is creditworthy and/or financially stable.
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Building Personal Credit and Business Credit: 4 Stages of Credit Ability

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Personal Credit and Business Credit

How is your credit-ability?

Do you know what types of credit and funding are available to you based on your personal credit and/or business credit profiles? personal credit and business credit

In this post, we are going to put the puzzle pieces together and show you how to determine what stage of credit ability you are at, what funding vehicles are available at each stage, and how to maximize the credit building process both personally and for business.

One of the most important things I want you to take away from this post is to understand that your credit scores for both personal credit and business credit are not the only factors that banks and lenders look at.
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Before You Get a Business Credit Card Know These 5 Factors

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Get a Business Credit Card

Should you get a business credit card?get a business credit card

Did you know using a personal credit card for your business and putting personal expenses on it is a formula for a bookkeeping disaster?

Unfortunately, statistics show that of the 65% of small businesses using credit cards, only 50% of those cards are in the company’s name.

When it comes to keeping personal and business expenses separate, using a business credit card is by far one of the best tools. “There are plenty of benefits to using a business credit card versus a personal credit card for your small business,” says Alison Rouse, a spokeswoman for Capital One. “You’ll also have access to business-specific benefits, such as employee cards and spending controls, and specialty services tailored to meet small businesses’ needs.”
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5 Best Business Credit Building Hacks For Maximum Results

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Best Business Credit Building

I’m sure you’ve heard all the same old business credit building tips time and time again. Start with establishing several vendor accounts first; make several purchases; and always pay your invoices on time. We know these rules, and we know there’s much more to it in the real world. best business credit building

While there is a great deal of tips and information on building business credit on the internet, you may discover that most of the information is either outdated, over simplified or just plain wrong. Now don’t get me wrong, there are lots of good resources (here and elsewhere) that you should read up on before you take action.

Once you’ve got the basics down, here are the best tricks that can help you improve the business credit building process and work your way up into a strong business credit file much faster:

Leverage your personal credit to your company’s advantage

During the initial stage of the business credit building process you’ve probably read that getting vendor credit is the best way to start building your company’s credit file. While starter vendors will certainly get you payment experiences reporting on your file the one trick that can also drastically enhance your company’s credit file immediately is also having revolving lines of credit reporting too.
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CreditRepair.com Review: How Does It Really Work?

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CreditRepair.com Review

Is Credit Repair.com the right company for repairing your credit? CreditRepair.com review

With all the credit repair companies out there, it’s hard to decide which company is reputable, honest, affordable and will really repair your credit. If you’ve done the research you probably discovered that there are only a few reputable companies that stand out from the rest.

In this post, we are going to review one of those reputable companies known as CreditRepair.com which was founded in 1997. Our CreditRepair.com review will reveal to you how their program really works, what features they offer, why their service is unique, and why they are a top-rated credit repair service.

First things first.  Every individual has the right to repair their own credit; in fact, the Fair Credit Reporting Act protects our right to do so. With that said why do people turn to credit repair companies if they can fix their own credit?

It comes down to three major reasons:
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