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Valued Member
Posts: 52
Registered: ‎09-16-2013
0

Pay D&B or not?????

Hi members, I just started my own little business and I have my EIN & D&B Numbers.

I have registered my biz ---Now D&B claims that I should pay them $499 to "Complete" my file with them to get a paydex rating???

Should I pay them or not? Should I just keep the number and let my Equifax biz file do the work for free??? Help

updated IN THE GARDEN UNTIL: 8/14/14
Cap1$500 |Express$900 |BILLMELATER$500|Shell$200
MarathonGas$200 |NFCUCshRwrdsVisa$2.5K |NFCUGoRwrdsMC$5K
AmazonStore$1.2K |AmazonRewardsVisa$500 |DiscoverIT$500
BUCKLE$500/MACYS CLOSED
Valued Contributor
Posts: 1,794
Registered: ‎07-01-2010
0

Re: Pay D&B or not?????

I've had an LLC for around 15 years, with a couple of business CCs, and have never paid D&B anything.

 

A lot of the answer may depend on what sort of business credit rating you want to establish.  For me, the only thing I really care about is being able to maintain business CCs in good standing.  My total business CLs are around $12K, which is fine for my purposes.

 

For someone else, it might be different.  For example, if your business needs a lot of financing to purchase inventory and equipment and so on, then you might want to come at this issue in another way.

 

Epic Contributor
Posts: 28,687
Registered: ‎10-23-2007
0

Re: Pay D&B or not?????

NO

Established Contributor
Posts: 939
Registered: ‎07-24-2012
0

Re: Pay D&B or not?????

No. Most important if you contract with the state or federal government (but only to an extent). For the rest of us it's not worth the hassle. I have yet to be turned down for business credit because of lack on D&B info. In fact it has never been mentioned except by D&B solicitors. 

Established Contributor
Posts: 686
Registered: ‎02-10-2013
0

Re: Pay D&B or not?????

Run away from D&B.

Community Leader
Senior Contributor
Posts: 30,757
Registered: ‎02-07-2013
0

Re: Pay D&B or not?????

Never, ever in this life time pay DNB for anything 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Valued Member
Posts: 34
Registered: ‎09-15-2013
0

Re: Pay D&B or not?????

I made an account and corrected/updated my information with them, cost nothing.  I don't really need/want their report history or anything like that, I just wanted any potential creditors to see accurate information (changed my legal business name to reflect LLC, changed office address, etc).

 

FWIW i also did the same with experian's business report thing to make sure info was accurate, they didn't charge to update the information either.

9-11-13 FICO EQ: 726 - Current EQ FICO: 735 - Goal: 800

------$5900-----------$3800-----------$5500-----------$8000-----------$1100---------$13000----------$4000-----------$7000------
Goodyear Service - $2000, Ford Service $2000, Discovery Furniture $8000
Established Contributor
Posts: 686
Registered: ‎02-10-2013
0

Re: Pay D&B or not?????

iUpdate is free because the federal government says it has to be. They just don't want you to know that.

 

Everything else they sell is a scam.

Frequent Contributor
Posts: 368
Registered: ‎02-10-2013
0

Re: Pay D&B or not?????

I had to have a Dunn number to get a job with a State Hospital to letter their vehicles but they only needed the number.

 


Starting Score:
11/11/12 BEGIN REBUILD myFICO 584

11/11/13 ONE YEAR ANNIVERSARY!! myFICO 705
Established Contributor
Posts: 686
Registered: ‎02-10-2013
0

Re: Pay D&B or not?????

Use this for a DUNS number in 1 day:

 

http://fedgov.dnb.com/webform/pages/CCRSearch.jsp

 

NEVER PAY D&B.

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