ENHANCE YOUR BUSINESS PLAN
BIG THREE CREDIT REPORTING SOURCES.
THE BIG THREE CREDIT REPORTING SOURCES FOR BUSINESS.
BUILDING BUSINESS CREDIT THROUGH THE BIG THREE BUSINESS CREDIT REPORTING AGENCIES
These two credit reporting agencies are fair and respectful:
As for the third business credit reporting operation, DUN & BRADSTREET may put out inaccurate information as admitted in their terms of use. But experian credit profile and equifax credit profile provide clean and legit information.
“D&B DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTIES OF ACCURACY, COMPLETENESS, CURRENTNESS, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.” Source: http://www.dnb.com/utility-pages/terms-of-use.html
See this report on DNB:
WHAT TO DO WHEN D&B SELLS INACCURATE INFORMATION ABOUT YOUR BUSINESS?
Besides the negative press coverage of D&B’s high pressure sales technique, and they admit D&B reports are possibly inaccurate. People are getting wise to DNB.com. Simply, if you know that D&B is selling information is inaccurate, why buy their information? If they don’t want to be accountable for the information they sell, then you have options:
- Every time they sell information that is inaccurate about your business and they label your business "High Risk," consider talking to a lawyer about suing them in small claims court. If D&B was sued in small claims for selling false information, their business model would collapse under its own weight. Even if they won, they couldn't deal the barrage of small claims suits.
- Contact your local media about D&B's practices.
- Consider not buying D&B's information/reports. If D&B doesn't report accurate information about your business, why buy reports about others' businesses from D&B?
- Think twice before signing for D&B's terms of use.
- File a complaint about D&B on ripoffreport.com
- Discuss your concerns with D&B reps on the D&B chat rooms. Consider posting the chat conversation online.
- The best practice is not to talk to D&B by telephone. Write them a certified letter return receipt about their false information and give them a time period to fix the inaccuracy; say 30 days. You have more power if you don't agree to their terms of use. Once you agree to D&B terms of use, they can say anything they want.
- If you want to take action against D&B, consider this course of action:
- Apply for business credit local within your state with local suppliers.
- If DNB sends a false report to a vendor in your state, then you may have recourse locally.
- Then talk to an attorney about filing in small claims court against DNB.
- Once DNB sees that their any false or inaccurate reporting by DNB will result in local consequences, their business model for selling inaccurate data will fall apart.
- DNB is strong in Federal court with their corporate lawyers who are on salary. But DNB appears weak in the sense that the must pay local lawyers to defend local claims on the local level. If you want to sue DNB, talk to your attorney about how to sue DNB on the local level in small claims court every time DNB provides a false, misleading or inaccurate report that impacts your business.
SHELF CORPORATIONS AND SHELF LLC'S
BASIC OPERATIONS
BUILD CORPORATE CREDIT
Please Notice
Applying for corporate credit is more involved at this time due higher standards in application for credit. It’s unlikely to obtain more than $100,000 in credit lines, involving no collateral and with no guarantor. Using a shelf company may be considered high risk in obtaining credit, regardless of the source. Results vary.