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Updated over 7 years ago on . Most recent reply

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44
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Miguelito Fernandez
Pro Member
  • Investor
  • Cameron, NC
27
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44
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Who is Dun & Bradstreet?

Miguelito Fernandez
Pro Member
  • Investor
  • Cameron, NC
Posted

So I recently established a company through LegalZoom and then I receive an email and a phone call from a Dun & Bradstreet" sales agent. I spoke to the lady and I quickly caught her sales pitch before she threw it out there. What I got from her and my online research is that Dun & Bradstreet is an extra source for a more credible financial yearly report for businesses. Now, Of course, I want the best possible look for my company so I asked for the price and at first, I was told $1,200 for the year but then it dropped to $900 after I requested more time to think about it. Eventually, I stuck to needing more time to think about it. 

My question: Has anyone dealt with this company before? Purchased? If so, was it worth it?

I'm not going to pay for it but I figured to ask about it since I couldn't find anything about them on BP. I think my company's employer identification number (EIN) will work just as my social security number in regards to credit history and credit score.

  • Miguelito Fernandez
  • Most Popular Reply

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    Christopher Phillips
    • Real Estate Agent
    • Garden City, NY
    1,999
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    Christopher Phillips
    • Real Estate Agent
    • Garden City, NY
    Replied

    @Miguelito Fernandez

    Okay. Getting a Duns # can help to build credit for the company. Basically, you would get a store card at locations that report to D&B. As you pay off your account each month the LLC will build credit.

    D&B are big on trying to upsell you into other services like credit monitoring.

    Overall, it's not super important. If the company is generating revenue it will build credit anyway.

    It's more important for small companies that are trying to grow credit through activity.

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