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 are no longer active portals.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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Understanding Business Credit Inquiries


Most small business owners view business credit inquiries in the same terms as personal credit inquiries, but — in reality — that couldn't be further from the truth! While there are certain circumstances where having your D&B report pulled could count against your company, its important for business owners to understand inquiries and what they mean to your scores and ratings.

Credit inquiries are a normal part of doing business. Any active and functioning business is going to have them. Whether you are placing an order online, setting up a new account, applying for new credit cards, requesting approval for a new credit line, or increasing one you already have, trade-based inquiries send a signal to D&B that your business is open, operating, and buying products or services. In most cases, this also tells D&B that your company is placing orders, growing, and thriving.

But if you go months or years without generating any new interest (inquiries) that usually tells D&B that your business has gone dormant (or was never really active in the first place) and that can be especially harmful if a long period of dormancy is suddenly interrupted by a rash of the wrong types of inquiries — finance-based inquiries — which can signal your company is undergoing financial distress.

FOUR TYPES OF INQUIRIES AND WHAT THEY INDICATE

(Examples provided)

TRADE-BASED INQUIRIES are those relating to a specific industry, such as:

Restaurants: food purveyors, kitchen equipment companies, dish/utensil providers

Auto repair: auto parts houses, tools, equipment, fluids, solvents, uniforms

Construction: lumber yards, dumpster rental, landscapers, roofers, warehousing

Transportation: fuel accounts, auto parts, GPS-tech, mechanics, tires

Few: You opened a new account or made a purchase

Moderate: You are