OfflineI am so happy. I went in to check my business credit score today because with my offer the bank wanted to see my FICO score (despite it being a cash or PML offer).
Well, I didn't want to have another inquiry on my credit, so I decided to check my business to see if my Paydex score was showing. I knew I was getting credit card offers for my business, but I got a HUGE smile on my face looking at the report today and seeing that 80 glaring at me from the page! I used it in place of my personal FICO score for my offer, successfully.
It can be done on your own folks, don't give up on it! I decided NOT to hire another company after the bad experience I had with one (who had put all the wrong info and gave me little to no guidance at all.)
Well, its 6 months later, and I've done it myself! I now have a business credit score! Here's how!
IT is free to get your DUNS number: https://eupdate.dnb.com/requestoptions.asp (if you already have your business set up, whether its an LLC, S corp, C corp, LP, etc.-set that up 1st)
From there are 2 books to get that have really helped me! The first is just a review of everything you’ll need to do and doesn’t tell you how to do it, but it’s a great summary and only takes about an hour to read. http://www.amazon.com/Unlimited-Business-Financing-business-personal/dp/... ($12) Then, this book shows you everything you need to do to actually do it without hiring a company and paying them $1000s of dollars, and includes vendors and companies that automatically report to the DNB. http://www.amazon.com/Principles-Building-Business-Credit-Roussell/dp/09... ($34) (Its also available on Kindle, if you have that). Do what it tells you to do! Pay your bills on time or early.
Then, start really working on writing your business plan; you’ll need it in about 6 months if you follow the steps. 
Good luck! I’m PROOF it works! I was so happy to see that ‘80’!!!
That's a new one I did not know about! I'm looking them up!
I know it can't be the brewery one
But when I look at the payment options for the marketing website by that name, I don't see an area to get business credit. This is what I see there:
2. Pay by check by getting approval from your account representative.
VictoryStore.com requires 100% upfront for all orders.
A 1.5% late fee is added to bills over 30 days past due.
Am I at the right store?
Okay I need some help because it didn't work for me, Please advise me on what you did?
Erika, REI
Brownstone Investment Group
405.748.0734
www.facebook.com/Erika.Coleman
www.twitter.com/brownstoneREIgr
Job 22:21 Submit to God, and you will have peace; then things will go well for you.
Job 22:28 You will succeed in whatever you choose to do, and light will shine on the road ahead of you.
Deut 28:8 The Lord will guarantee a blessing on everything yo do and will fill your storehouses with grain. The Lord you God will bless you in the land he is giving you.
I see you just signed up today. Congratulations! It really helps if you fill in your profile so we know a little about you. I don't see a license on your website, does your company have any licensing from any boards? Can you provide references and are there any upfront fees?
Hey Tammy, thanks for reminding to look up my D&B score. I saw this repost yesterday and decided to take a look. Good thing because there is a negative slow pay against me for 15k from an elevator co. I called and filed a complaint to have it investigated.
thanks
Richie
Did you ever have any association with elevators? We just never know what we'll see on there. Great catch! Are you going to the EDGE?
I called and spoke to an account rep named Sue. The first order has to be paid in cash, then they will set your subsequent orders on terms (assuming they can verify the D&B profile). Hopes this helps!
Lenee
www.allstarhouses.com
~Act successful! And you'll draw it to you.~
~Every achievement, big or small, begins in your mind. It starts as a thought.~
I actually called and spoke to a representative and had to fax over the application. Her name was Sue...if that helps.
Lenee
www.allstarhouses.com
~Act successful! And you'll draw it to you.~
~Every achievement, big or small, begins in your mind. It starts as a thought.~
I appreciate it! I will be using them.
Thanks for the add information this will provide to helpful.
Erika, REI
Brownstone Investment Group
405.748.0734
www.facebook.com/Erika.Coleman
www.twitter.com/brownstoneREIgr
Job 22:21 Submit to God, and you will have peace; then things will go well for you.
Job 22:28 You will succeed in whatever you choose to do, and light will shine on the road ahead of you.
Deut 28:8 The Lord will guarantee a blessing on everything yo do and will fill your storehouses with grain. The Lord you God will bless you in the land he is giving you.
How can I check my D&B #?
Erika, REI
Brownstone Investment Group
405.748.0734
www.facebook.com/Erika.Coleman
www.twitter.com/brownstoneREIgr
Job 22:21 Submit to God, and you will have peace; then things will go well for you.
Job 22:28 You will succeed in whatever you choose to do, and light will shine on the road ahead of you.
Deut 28:8 The Lord will guarantee a blessing on everything yo do and will fill your storehouses with grain. The Lord you God will bless you in the land he is giving you.
and ask to know what your paydex score is. They WILL try to sell you stuff again, no matter what they say, politely refuse.
Thanks I will follow up right away.
Erika, REI
Brownstone Investment Group
405.748.0734
www.facebook.com/Erika.Coleman
www.twitter.com/brownstoneREIgr
Job 22:21 Submit to God, and you will have peace; then things will go well for you.
Job 22:28 You will succeed in whatever you choose to do, and light will shine on the road ahead of you.
Deut 28:8 The Lord will guarantee a blessing on everything yo do and will fill your storehouses with grain. The Lord you God will bless you in the land he is giving you.
How did it go when you called them? I have been slacking on building business credit with all that came up with my refi. I'm getting myself back on track to building those higher credit lines!
Have to delve back into the book again! All the best,
~Tammy
Okay so I called and they told me that my company was closed. I did it all wrong and have to start all over again.
So at this point I got nothing but, I have to figure out how to start over and do it right. So I have pulled out my books that Tammy suggested and got to reading. I will keep you posted. Right now it is back to the drawing board. UGH!!
Erika, REI
Brownstone Investment Group
405.748.0734
www.facebook.com/Erika.Coleman
www.twitter.com/brownstoneREIgr
Job 22:21 Submit to God, and you will have peace; then things will go well for you.
Job 22:28 You will succeed in whatever you choose to do, and light will shine on the road ahead of you.
Deut 28:8 The Lord will guarantee a blessing on everything yo do and will fill your storehouses with grain. The Lord you God will bless you in the land he is giving you.
Do they mean your D&B number or your whole company Erica? So sorry to hear that.
How are you doing now (its a few months since you last posted)?
Well we had to regroup for alot of reasons but, things are going well. Funny I want to get some suggestions from you.
We recently rented a one room office space and set up phone internet at this site. We did it for several reasons 1)my husband was having a hard time working from home 2) I knew it would help with building the credit. So hopefully it is a Win Win!!!
So now I need to know what my next move is when I called D&B they of coarse starting talking about money and that I needed to pay for them to reopen my account. Please tell me this is not so??????
Erika, REI
Brownstone Investment Group
405.748.0734
www.facebook.com/Erika.Coleman
www.twitter.com/brownstoneREIgr
Job 22:21 Submit to God, and you will have peace; then things will go well for you.
Job 22:28 You will succeed in whatever you choose to do, and light will shine on the road ahead of you.
Deut 28:8 The Lord will guarantee a blessing on everything yo do and will fill your storehouses with grain. The Lord you God will bless you in the land he is giving you.
I recently applied and was approved for a net 30 account with newegg.com
This is a company that new, used, and refurbished electronics, household items, etc... This is just one of the many that I have recently come across. I've been building my profile for about a year and a half now. Next will be a commercial account with Lowes or Home Depot.
Lenee
www.allstarhouses.com
~Act successful! And you'll draw it to you.~
~Every achievement, big or small, begins in your mind. It starts as a thought.~
Tammy,
This is great info. I don't think many people realize that your LLC can be so much more than an REI purchase partner. Great info!
Do not fear, for I am with you; do not be dismayed, for I am your God.I will strengthen you and help you; I will uphold you with my righteous right hand. Isaiah 41:10
http://realwholesaling.com FREE wholesaling tips and resources!
To your success,
Carol Stinson
I used Business Plan Pro for another business 5 years ago.
Is it still your planner of choice? or is there another that you currently recommend?
The link on how to get $250k to $450k for real estate deals without credit is no longer available at that address.
Do you know another link location/address for such information?
Please advise.
What first step would you recommend in establishing business credit?
Visited your website. It's nice, and the music is a great comforting, different touch.
Any suggestions for a web host/web designer? as I'm just starting in real estate.
Tammy,
Thanks for the info.
Dawn&Jodi
Proudhouseinvestments
There is a lot of great info in this thread. After doing a bit of searching on the D&B website, I found the active link to apply for a free DUNS number since at first appearance they make it seem as if you have to pay for one. Hope this helps anyone that is getting started just as I am: https://www.dandb.com/product/companyupdate/companyupdateLogin;jsessioni...