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How to access the D&B DUNSmanager® to submit updates or launch slow payment disputes.

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GREAT EXPECTATIONS


There is no company that can guarantee with any certainty they will be able to attain any certain dollar amount of credit for you in a specific time frame.

No matter what they promise in their promotions, no one can legitimately pinpoint the time it will take to achieve business credit, the dollar amount they will get for you, or whether they will even be able to get credit established for your company at all. The best possible precursor to approvals is the exchange of accurate information.

If a company is promising you the sun and the moon, you need to come down from those lofty expectations and put your feet back onto a solid path again.

It is okay to dream of those high dollar approvals but, in reality, you could take the exact same application to 15 different banks or credit cards and get 15 different approval amounts. Reality is … the directors of every bank, every credit card company, financing organization, creditor, and lender have set their own criteria, specific to their own companies, specific to their lending practices, specific to what their own independent underwriters will allow. While a call to an agent may be necessary to raise a low approval amount or reverse a misinformed denial, computers do most of the creative thinking for lenders in today’s market.

Most creditors, but certainly not all, rely on a service D&B® provides that allows them to preset their criteria for approvals and denials simply by filling in the blanks on a form. They define their criteria based upon computerized algorithm technology. This allows lenders to process thousands of applications in the time it normally would have taken a human to make a decision on just one.

For instance:

Lender "A" may approve someone who has a Paydex® score that is above 75, but only if their Supplier Evaluation Risk rating is below a 6 and Financial Stress Score is lower than a 3, but not at all if their personal FICO is lower than 680. Lender "B" may deny the application altogether if all those numbers are at those same levels, but your company does not have a full D&B® rating (meaning that your file is missing information).

Even the most skilled credit coaching company is not going to be able to guarantee sight unseen with absolute certainty which lender will approve and for what amount because they simply do not know what unforeseen factors may impact those algorithms. There are too many factors that come into pl