Hi all,
I’m in the process of rebuilding my personal credit and I figured I should start my business credit while I’m at it. I’ve had a business for awhile but I haven’t really been too serious about making it into a real income generating company. I’m now ready to take it seriously. I already have an EIN and a D&B number. I never really used them so they don’t have any reports. These are the steps I’m taking this week:
Contact D&B to make sure my numbers are correct
Open a business bank account
Open trade lines with quill and uline
(uline requires the first order to be placed on a card and then you can start the net 30 on the next order. Just confirmed thru their chat)
Question: I read somewhere that you have to have 5 trade lines reporting to D&B in order to generate a paydex score. Anyone know if this is true?
If so, what other 3 lines could I get that will report?
I didn’t see another active post like this one but if you know of any feel free to point me to it. If not then I’ll continue to update this one as time goes on. My goal is to get at least 2 major credit cards with high limits within one year.
