Get A Corporate Credit With Your Dun And Bradstreet Profile
If you are a business owner, chances are you may want to grow your business by getting a corporate credit. As banks aren’t too eager to give money without an intensive background checking, you need to maximize your chances of success by showing you are trustworthy and able to pay back your debt in time.
Getting a credit is easier if you have a Dun and Bradstreet profile. The first thing to do in order to achieve this is to get a D-U-N-S number. This service is offered by Dun and Bradstreet in two variants. You can get your number the same day if you are willing to pay a tax that may range from $299 to $700. If you don’t mind waiting, you can get this service for free, but in this case the process takes about 60 days. Anyway, when you opt for the free process, you are given a new variant: you can have an expedited process for $49 and get your number in five days. You need to be aware that obtaining your D-U-N-S number faster doesn’t speed up the process of building your business credit, so it’s probably OK to apply and go for the free variant.
Creating a Dun and Bradstreet profile
The second option is to create directly a Dun and Bradstreet credit profile. This is actually a package of two services. You get your number and profile created at the same time.
In the end, if you go for the free version, you are going to get your number and your profile, but in order to have it activated, you still need to pay the $299 – $799 which you thought you’d save if you were willing to wait for 60 days.
If you don’t know whether you already have an active Dun and Bradstreet account, that’s very easy to check. You can order online a Company Profile Report. It costs $12.99 and you have to pay it only if you do have a profile. If you don’t, your credit card won’t be charged. After you have the confirmation that you have an active profile, you can get a copy of your credit report. This will cost you $49.99 and it can be ordered online.
The free number is good to have, but it serves only as a preliminary measure, as it can’t be used for calculating any kind of credit ratings or for making predictions. The next step in the process is to get a credit builder service. There are two such services available: DNB Credit Builder and DNB Credit Builder Plus.
If you don’t want to buy the Credit Builder Report, you can continue building corporate credit yourself, although D&B representatives may tell you that contracting one of the two credit builder services is mandatory. All that matters is to actually have the active profile, so that you can obtain your credit report that will enable you take the corporate credit you need for developing your business in a healthy and profitable way.
Ready to Get Started?
Build your credit risk free!