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How Does Dun and Bradstreet Affect My Business Credit When They Red Flag It?
Dun and Bradstreet is a business credit reporting company that takes your business information and sells it to creditors that are looking to offer you credit. They get a lot of their business information from the Secretary of States Databases. When they pick up business information in their system that not completed, has a PO Box address, or multiple addresses at the same address they red flag it.
Now, once they have this information, they charge you a fee to correct this information. They tell people if they do not buy their services to correct the information the business owner will have a bad business rating and they cannot get business credit. The problem with many business owner they don’t know the difference between business credit and business funding.
Most small business owner are wanting to get Business funding and that has nothing to do with Dun and Bradstreet. That business funding will more than likely come from small business lines of credit and business credit cards, which comes from the banks that don’t rely on Dun and Bradstreet. Banks look at your personal credit and if your personal credit is not strong enough then you’ll be denied funding.
Let’s understand that Dun and Bradstreet main purpose is to help trade line vendors decide if they want to extend your company a business line of credit for products not funding.
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