Paydex Score? Suggestions? Any fee for this?

Question

My company has a Dun and Bradstreet number. I spoke to their customer service about establishing a Paydex score. She mentioned pretty much what I have read about this on many websites. We have to establish valid purchases from companies that report to D&B.

I spent money on postcards, attorneys and some other supplies. She mentioned she can request a report from these companies but I have to purchase some D&B package for $799 plus a setup fee of $149. After this, D&B will establish a Paydex. She said that if I signed up today, she can waive the setup fee of $149.

I thought it was possible to establish and build paydex for free. Is that correct? Has anyone here (or someone you know) established paydex for free??

Any suggestions are greatly appreciated.

Thanks

Simon Campbell · Answer

Lokesh W. Just like with your personal FICO scores, you can establish a Paydex score for free. The trick is finding vendors that report to D&B. The vendors you've already spent money with may or may not do this. I would simply call them and ask them. Also, it's all about credit. If you paid cash for these services and products, there's nothing to report to D&B. You have to establish credit with them for them to have something to report.

I'm not sure why you were told that you have to purchase a package. Maybe they have some inside way to report established credit with companies that don't report to them. That may be what you would be paying for. If you find companies that report on their own, this would be free. Here's a D&B blog post for you to refer to: How to Get a PAYDEX® Score in a Few Simple Steps http://businesscredit.dnb.com/business-credit/how-to-get-a-paydex-score-in-a-few-simple-steps/

Ante Peric · Answer

I have heard if you call d&b and tell them you are applying for a government contract they will give it to yo

Lokesh W. · Answer

Simon Campbell, Thanks for the response. I need to work on the Paydex score...