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Updated almost 15 years ago on . Most recent reply

User Stats

77
Posts
3
Votes
Jamie Dzierwa
  • Real Estate Investor
  • Illinois
3
Votes |
77
Posts

business credit/ d and b questions

Jamie Dzierwa
  • Real Estate Investor
  • Illinois
Posted

Hello all,

So I have been building my business credit the past 6 months.I've been working with a company that assists you in building business credit, and they send me my credit report monthly. As of now, I have a paydex score of 80. my credit recommendation conservative is $20k and aggresive recommendation is $30k and financial stress calss is a 3. My D & B rating says DS. Can anyone tell me what that means and if so how do I obtain a D & rating if I already have a paydex score?
Secondely, I have credit cards to lowes, office depot, menards, home depot, uline, and fedex. According to D and B there is only 2 reporting and the high credit for them says $50 which is not true. I have called all the lenders and they all say they report to D & B. Has anyone had this problem or know how to go about changing this?
I tried finally applying for a chase business card btu got denied. I thought I would have been fine tring to obtain a chase credit card, but I 'm not sure what else to do.
If anyone has had similar problems or knows solutions to any of these please let me know. Thanks.

Most Popular Reply

User Stats

94
Posts
28
Votes
Tony Walker
  • Real Estate Consultant
  • San Francisco, CA
28
Votes |
94
Posts
Tony Walker
  • Real Estate Consultant
  • San Francisco, CA
Replied

Have you actually used the credit cards to lowes, office depot, menards, home depot, uline, and fedex?

Those companies do report to D&B, but they will only report
once you purchase something from them and then pay the invoice, that triggers the reporting.

Also what does your personal credit look like?
That will be a factor in getting approved or denied.

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