Lets understand a couple important things about Dunn and Bradstreet.
First of all D&B it not THE credit rating agency, they are one of three, and are relied on by vendors and credit card companies for your business credit profile. For a full business credit profile, you’ll need to also deal with Experian and Equifax.
You will have a “file” with D&B once you have a “Dunn’s number”which is nothing more than a number your company will be identified by, similar to your social security number. This is free and takes about 2 weeks. However, D&B has an expedited service with a charge of $499 . We have had many clients tell us that the phone sales rep has told them they must pay this fee to get “set up” will D&B, which is not true.
Do not be surprised by extremely aggressive sales tactics by D&B.
The first time a potential creditor asks for a credit profile on your company, D&B will need to compile a credit profile on your company or they will have nothing to sell their customer. At that time they will contact you to build your credit profile.
As you can see, there is no need to pay for the expedited services, should a creditor need a profile about your company, D&B will pull on together at that time. Use the $499 more effectively in your business.
While a strong credit profile is very important, it is important to have one at all 3 agencies and it is unnecessary to pay for this expedited service with D&B.
