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 are no longer active portals.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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'Tis the Season to Boost Business Credit


And how! We are really seeing exciting results right now! There are so many ways to build the business credit, boost scores and ratings, add vendors and suppliers, and reduce the weight of your credit debt, it's amazing. And right now, it's so ridiculously easy because of all the options available, so I thought I would share a few...

It's a given... You are going to spend money this time of year, so why not make sure your company gets credit for that spending? And while lots of people tend to focus on getting Net 30 accounts (the forest), they completely miss out on all the other opportunities for growing their business credit (the trees). But having a variety of payment types is just as important as having a variety of vendor accounts, and BOTH can benefit your business.

Take ONLINE BUYING, as an example... Those one-time purchases you make online tell a whole different story about your business — namely, that your business uses alternate resources and providers. In fact, this is the time of year when many small business owners take advantage of seasonal discounts to stock up their inventory, shop for employee gifts, and make those higher dollar purchases that would otherwise be out of budget, even if those purchases are prepaid.

As an example — I typically use pre-Christmas discounts to renew subscriptions, switch monthly services to annual billing, and buy big ticket items that I have been eyeing all year. Last week, I invested in a new 32" monitor for my desk (YAY!) and by creating a business account at the retailer's online store, I was able to make my purchase in the business name, pay for it using my business credit card, and have it shipped direct to me overnight. Great price! No lines. No crowds. No traffic.

In doing it this way, my one prepaid purchase will account for two new payments in my D&B report! The retailer I made my purchase from will auto-report to D&B, and the credit card I used to pay for my purchase also reports to D&B.

This is also the best time of year for OPENING NEW VENDOR ACCOUNTS. Whether prepaid, Net 30, or revolving, suppliers and creditors are bending over backwards right now to win a larger share of those seasonal spends. In addition, many are also relaxing their normal credit standards to help make online buying easier, especially for new commercial customers that they hope to harvest as recurring spenders later. When a creditor is willing to jump through hoops, you need to get in on the act!

As an example: Julie's company already has a dozen vendors reporting in her D&B file, but she has also been receiving marketing from several who sell the same supplies at a cheaper price. One of them is someone she had tried to open an account with in the past but was declined. Now, they are reaching out to her, chasing her business, and offering discounts and special pricing. Now that she has payment history and her D&B scores and ratings are in place, she reapplied in the business name and was instantly approved for a $2,500 revolving credit line.