topic Re: Advice about NET30 Business Vendors with a Yearly Fee in Business Credit

Advice about NET30 Business Vendors with a Yearly Fee

Anonymous — Tue, 01 Sep 2020 21:42:51 GMT

I see a lot of question on Who reports to whom and if the Yearly Membership with some vendors is worth it. So let me address some facts i find useful.

Yes, it is worth it if you have a bit extra cash to expedite your credit approval - it will save you time and effort going back and forth with many vendors - So what is your time worth?
Most "Paid" vendors report your membership fee.
Yes, it is worth it if you can find items that are useful for your business or home.
NO, you do not have to purchase every month. but it will help you build history.
I do recommend making as BIG as a purchase as possible (having a big open balance) and paying it off after the vendor cycle closes.
Bureaus like D&B & Equifax do NOT care about how much credit a company is extending you and they do not even report it so it doesn't matter if you are approved for $1000 or $3000 or even $10K - What matters is what was your BIGGEST open balance in a reporting cycle - So Follow point #5.
For faster reporting Try to become a member to as close as possible to the end of the vendor's reporting cycle as most of them take 45-60 days to report your first transaction.
Attached is the latest vendor list i was able to find in this group.
YES! make sure you apply to Credit Safe (https://my.creditsafe.com/) and get your account number - They are growing rapidly in the US and more and more lenders use them for reporting.

I will try to add to this list from comments and suggestions you guys may have - So send it my way or comment on this post.

~Victoria

Re: Advice about NET30 Business Vendors with a Yearly Fee

Anonymous — Wed, 02 Sep 2020 20:03:07 GMT

Thanks, this is exactly what I was looking for! Do you have any preferences among these vendors, where would you recommend applying first?

Re: Advice about NET30 Business Vendors with a Yearly Fee

Anonymous — Wed, 02 Sep 2020 20:26:48 GMT

@Anonymous wrote:
Thanks, this is exactly what I was looking for! Do you have any preferences among these vendors, where would you recommend applying first?

I Would definitely Start with theceocreative.com - They cheapest cost and fastest approval and more or less decent prices for their items. Unline is a close second but it might take time to get an account approved.

Re: Advice about NET30 Business Vendors with a Yearly Fee

Anonymous — Fri, 04 Sep 2020 02:57:40 GMT

Do you have to pay for the membership and a product to get the business to report? IF so how much should you spend? Thanks

Re: Advice about NET30 Business Vendors with a Yearly Fee

Anonymous — Fri, 27 Nov 2020 04:39:39 GMT

@Anonymous I recommend Creative Analytics. They are also listed here: https://www.nav.com/resource/net-30-accounts/

Re: Advice about NET30 Business Vendors with a Yearly Fee

Society1 — Tue, 07 Sep 2021 01:43:18 GMT

In my opinion I would say Uline and crown office they are very easily approved! Summa office too but I was told they don't report until you tier 2 net 30