NOTE: This impacts many of the lessons below!
iUpdate ... DandB.com ... dashboard.dnb.com ... are no longer active portals.   If you see these web addresses in the lessons on our blog or DIY Training Base, please go to 
my.dnb.com/login to view or access your D&B report.  You will need the D&B DUNSmanager to be able to submit updates and/or launch disputes.   CLICK FOR MORE >>

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

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AM I READY FOR BUSINESS CREDIT?


One of the most common questions I get asked every week during our free consultations is about qualifying for a corporate credit card that won't require a personal guaranty, so I wanted to provide some very basic tips to help get you to that goal.

It's pretty common knowledge that a lot rides on your corporate credit report, but there are also other factors that you need to address on the personal side if you want to get the best results when applying for business credit. While the goal is to keep from having to personally guarantee any credit, you need to understand that your personal credit report will have an impact on being able to achieve that goal, even if only to gauge your credibility.

And just a quick reminder: You may be required to provide your social security number, but that does not mean you will be required to personally guarantee the credit card account.

But let's cover each of the four primary factors for approval so you can understand where you stand and how to improve your potential.

Your Business Credit Report

Your business credit report needs to reflect the best possible information about your company, including up-to-date location and contact information, income and industry details, and specifics about your employee count and principals. You can update this information for free at http://iupdate.dnb.com

Full scores and ratings also must be presented. Your Experian® Business Credit Score needs to be at or above 70 and/or your D&B Paydex® score needs to be at or above 77. To achieve this, you need to:

a) dispute any negative information from your corporate credit report, and

b) add pos