Credit Help Forums

vickisecret · #1 12-28-2007, 12:14 AM

Hey, I hear allot of people talking about business credit and charging people money to get it. Well here I am to help you for free.

The first thing you should do with any business is get you a duns number, allot of people call it a DNB number or Dun and Bradstreet number. You need to try to aim for a score of 80 to get all the things you want, but its hard to get a score unless you get verified by duns. You can get a score without paying for verification, but it will take a long time. Go to dnb.com and you can get one for free. If you plan on doing business with the government then you actually can get your number for free within 5 days. Now if you want a verified credit report, then you can pay them 299 and they will verify you with dun and bradstreet.

If you are verified then you will get a rating and everything.

Now for me to get business credit starting, do businesses with those that report to dun and bradstreet. Ex. Sprint Busineses Sales, Nextel, and ATT or Cingular it was.

You can turn your regular service into business service and they will report. You have to go to your corporate office in your city though that sales your phone service.

Companies that report fast besides cell phone and business telephone numbers are Pitney Bowes. They give you 3 accounts. One is for the rental of the machine. The other is for purchase power, to purchase things on credit from them, they have a pitney bowes visa with no personal guarantee and they have supply sales. All those departments report to duns.

Electric companies, city newspappers and many other types of companies report also.

Kinkos has a business account you can get also if you are incorporated. You can get another business account with them but you will not have much credit.

3 banks that help small businesses. Key Bank, Citi, Wamu. I know this for a fact. You can have average credit and get a credit card from all 3.

Cards that you should try to get

Stapples no pg(personal guanrantee)
Office Depot
Dell Computers
Lowes
Office Max
Sears (net 30 account) You have to pay back in 30 days
JC Penny (net 30 account)
Home Depot

(in business for more than 2 years cards, that is incorporated)
Target (in business for more than 2 years)
Best Buy

Gas cards no pg
Shell
Exxon

Cards with pg but not strictCheveron Texaco
Walmart
SAMS

There are lenders that will do loans for small businesses, but try to keep your equifax score 680 experian 720 and transunion 750.

You can get credit cards with average credit.

I know there are many questions, you can ask, I hate for people to have to pay money to do all this.

johns · #2 09-26-2008, 06:26 AM

If you want to get a business loan, then you need a sound business plan in the first place. You have to prove to the bank that this loan will help your business grow, and that you are not likely to default on the loan.