Ignoring your corporate credit report can be devastating to your business.  I know, because I've been there... 

I never even knew my company had a D&B credit report until it was too late...

 

I was a small town graphic artist running my business from my home, first from New Hampshire, and then, after my mother's passing, from Texas.  But all of a sudden my vendor credit lines were being reduced (or cut off completely) and I couldn't even get a credit account on terms with new suppliers. I was asked to personally guaranty a simple business credit card, and it seemed like my interest rates just kept going up.

It wasn't until I had shuttered my little company that I found out a D&B business credit report had been created fifteen years earlier — back when I first started my business — even though I had never even heard of them!  Without me even knowing,  vendors and suppliers had been pulling my credit report to make decisions all along, and many of them had been reporting my payment habits back to D&B.

But when I moved my company from New Hampshire back to Texas in 1996, it started a catastrophic cascade of events that would ultimately lead to where I am now... 

 

In D&B's eyes, it was as if my company had fallen off the face of the earth — and that's what they were telling my suppliers!

D&B didn't know I moved my business, and I never knew to tell them, and my suppliers were never alerted to the change, and nothing ever got corrected in the business credit profile that I didn't even know existed.  I never knew there was anything that NEEDED to be corrected until a dozen years later, when I finally could no longer support my graphic design business on my own and was forced to close my doors and go to work for someone else.

As it happens, the company I went to work for was Dun & Bradstreet.

During a training exercise, my trainer had each of us look up a company we were familiar with.  There was no company I was MORE familiar with than my own, so I looked it up.  It didn't exist... at least not in Texas.  So my trainer suggested I look it up at its previous address, in New Hampshire...

And there it was...  with old, out-dated information, and showing me as being "out of business" — which is why suppliers were questioning my company's viability and credibility!

All it took was a couple of updates and added payments and I was back on track!  But I never would have known...

I worked at D&B for almost five years, and I was trained specifically to understand the ins and outs of commercial credit scores and ratings, I learned the secrets to building the best business credit report.  I learned what data MUST BE PRESENTED  in the report (and why), but I also learned about risky tactics that some people get suckered into using, not realizing the harm they are doing to their credit report and, over the long run, the company they love.

As owner of Starpoint Credit Solutions, I've spent 7+ years putting that knowledge and skill to work for my clients, helping them to improve their commercial credit scores and ratings, watching them gain credibility and creditworthiness in the process, and providing them with the tools to achieve millions in credit approvals.  I have compiled lists of trusted vendors and suppliers over the years — some who report to D&B automatically, and some that are reliable resources and can be added to the file manually over time.

Most of all, I feel its important that I take the time to also train my clients along the way so they can understand the many factors that impact their company's credit every day and can carry that wisdom with them into a successful (and creditworthy) future.

Joy Greenwood, Owner

Starpoint Credit Solutions LLC

OUR OFFICE IS CURRENTLY CLOSED FOR VACATION. WE WILL REOPEN TUESDAY, JULY 7, 2020

CALL TODAY    800-918-7505    FOR MORE INFORMATION

D-U-N-S® is a registered trademark of D&B® and Dun & Bradstreet®.
Starpoint Credit Solutions LLC is not affiliated with Dun & Bradstreet®, however we recommend their products to our clients to assist in the creditbuilding and monitoring process.
Starpoint Credit Solutions LLC
11504 Joy Street   |   Austin, TX 78748
Phone / Fax  (800) 918-7505
  • Facebook
  • Twitter
  • Google+
  • LinkedIn

© 2014-2020 by Starpoint Credit Solutions LLC — Privacy