topic Re: Cancelling D&B Credit Builder After Trade-lines Added in Business Credit

Cancelling D&B Credit Builder After Trade-lines Added

njames33 — Mon, 23 Apr 2018 09:18:43 GMT

I have over 10+ tradelines but only 3 reporting to D&B, although I have an 80 Paydex score and perfect payment history (13 year LLC) was turned down due to lack of history. Many creditors that used to report, no longer report to D&B (Amsterdam, MSC, Seton, NewEgg, Nebs & more). It's worth the $149 for one month if they can update my report, I've spent quite a bit more than that buying crap I didn't need in order to establish credit with creditors that are not even reporting. My question is, has anyone tried canceling after the first month and do the tradelines stick if you cancel?

Re: Cancelling D&B Credit Builder After Trade-lines Added

redpat — Mon, 23 Apr 2018 09:46:11 GMT

D&B is crap and would never pay for business credit reporting. I have business LOC w/ regional bank, business credit cards and care loans and never looked to see what business credit was because it knew it had to be good.

The reason why I know this is because my personal credit is good and most if not all business credit now needs a personal guarantee other than your trade vendors.

Re: Cancelling D&B Credit Builder After Trade-lines Added

njames33 — Mon, 23 Apr 2018 10:01:17 GMT

Well I got a $14k Sams MC, $14k in Amazon and $6k New Egg plus many others with no PG.

I was applying for the Best Buy and they told me that I was turned down because of not enough history on my D&B report. I have the history it's just not reporting. I can't stand D&B either but I don't care about the $150, time is more important than money to me. I just want to make sure if I cancel I keep the tradelines they added.

I have too many inquiries on my personal so banker said I need to wait a few months before applying for a biz loan.

Re: Cancelling D&B Credit Builder After Trade-lines Added

redpat — Mon, 23 Apr 2018 13:26:00 GMT

@njames33 wrote:
Well I got a $14k Sams MC, $14k in Amazon and $6k New Egg plus many others with no PG.

I was applying for the Best Buy and they told me that I was turned down because of not enough history on my D&B report. I have the history it's just not reporting. I can't stand D&B either but I don't care about the $150, time is more important than money to me. I just want to make sure if I cancel I keep the tradelines they added.

I have too many inquiries on my personal so banker said I need to wait a few months before applying for a biz loan.

That credit is for just for those vendors and the cards can't be used for anything else.

Re: Cancelling D&B Credit Builder After Trade-lines Added

njames33 — Mon, 23 Apr 2018 15:47:24 GMT

Yes, aside from the $14k Sams MC I know.. I don't understand your point. There's a lot of other Non-PG accounts that would be beneficial for me to have for my business that require more of a history reporting. Best Buy like I said, Dell, Apple, Alley Car Financing, Home Depot, etc.... according to the lender I spoke with it will help in business loans/LOC's too even if they do pull personal credit.

Re: Cancelling D&B Credit Builder After Trade-lines Added

redpat — Mon, 23 Apr 2018 18:40:37 GMT

@njames33 wrote:
Yes, aside from the $14k Sams MC I know.. I don't understand your point. There's a lot of other Non-PG accounts that would be beneficial for me to have for my business that require more of a history reporting. Best Buy like I said, Dell, Apple, Alley Car Financing, Home Depot, etc.... according to the lender I spoke with it will help in business loans/LOC's too even if they do pull personal credit.

It was response to your other post "Card like Sams that can use else where."

Re: Cancelling D&B Credit Builder After Trade-lines Added

njames33 — Mon, 23 Apr 2018 23:14:50 GMT

Gotcha, thanks!

Creditors that STILL report to D&B

njames33 — Tue, 24 Apr 2018 16:36:08 GMT

I have a feeling D&B is making is harder or more expensive for creditors to report so they can force people to sign up for their credit builder program. I've wasted $100's ordering items I don't need from some vendors in order to build credit history to only find out that they no longer report to D&B. If you can let me know any confirmed creditors that still report on new accounts that would be great!

PS. If you've had some of these accounts for a while they may still be reporting but the ones below that no longer report on new accounts per their credit dept.

No longer report to D&B:
MSC Direct

Amsterdam
Seton

Strategic Network Solutions
New Egg

Still do:
Uline
Grainger
Fed Ex (I think)
Quill

Re: Creditors that STILL report to D&B

Anonymous — Wed, 25 Apr 2018 07:03:34 GMT

Amsterdam and Seton still reports. I can confirm they are on my D&B

Re: Creditors that STILL report to D&B

njames33 — Thu, 26 Apr 2018 09:31:47 GMT

They report for older accounts but not for new ones.

Re: Creditors that STILL report to D&B

Anonymous — Fri, 27 Apr 2018 02:16:06 GMT

They STILL do for new Accounts also. They reported for my new Corp back in Nov and December and Seton just appeared for a New Corp That was incd in February