Cancelling D&B Credit Builder After Trade-lines Added

[njames33]

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?

[redpat]

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.

[njames33]

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.

[redpat]

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@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.

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

[njames33]

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. 

[redpat]

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@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. 

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

[njames33]

Gotcha, thanks!

[njames33]

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

[Anonymous]

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

[njames33]

They report for older accounts but not for new ones.