Does anyone know how to read a DNB biz credit report?

[Anonymous]

my DNB report shows the following..

what does this mean?  

is it saying that we pay 50% within terms & the other 50% are paid one day past 30?

any help would be great!

thanks

Message Edited by molly73 on 11-08-2008 06:06 PM

[Junejer]

You need at least three creditors reporting a total of five times, before a paydex score will be generated.

[Junejer]

Upon further review, you only have two payments being posted. One is within your terms, the other is within 30 days, but beyond your terms. Try to get a card or two, like Office Depot or Staples. Maybe a UPS account will help as well.

[Anonymous]

thanks for the feedback.

got that part of it......about getting the paydex score.......the part that i am trying to figure out is the 50% - 50% under within terms & <31....what does this mean really?

that we pay our bills within terms......and the times that we don't....we pay them 1 day after they are due?

the 50% <30.....is that really bad?

thanks!!

[Junejer]

No, it just means that you won't get the maximum Paydex score of 100. I do believe that you should be able to get an 80 though, if you get more accounts.

[Anonymous]

thanks again for the feedback.......

we also have

staples - have had for a couple of months & made payments.....looks like they are not reporting

office depot - have had for a couple of months & made payments.....looks like they are not reporting

exxon - have had for a couple of months & made payments.....looks like they are not reporting

lowes - have had for a couple of months & made payments.....looks like they are not reporting

key - don't think they report

sears - have not used

citgo - have not used

ikea - have not used

[Anonymous]

so the <30 is not going to kill us?

we have not been late on anything....so i wonder where this is coming from...odd

[Junejer]

I am surprised that Staples and OD are not reporting.

Like you said, you paid one day after your due date, that is the reason. <30 will not kill you at all.

[Junejer]

Perhaps a call tothe CS depts of these non reporters, just to ask what is their reporting policy to D&B. Some might be reporting to EX or one of the other ones (names escape me at the moment).

[Anonymous]

cool...thanks for the feedback.

i was just confused cause i have never seens anything that reports u being 1 day late....usually it's 30-60-90.

any suggestions on getting staples, od, lowes or any of these reporting?

can i call them and ask for them to report (maybe wishful thinking)

i pay at least 1 - 2 times a month on these accounts...thanks!