Entries Tagged 'Dun and Bradstreet®' ↓

1. Incorporate or form an LLC for your business! If you have not done this yet, call Nevada Corporate Planners, Inc. at 1-888-627-7007!
2. Stop using your personal credit cards to finance your business.
3. After you form your LLC or corporation for your business, apply for a business credit card in the name of the LLLC or corporation.
4. Set up a plan to pay down your personal revolving debt to the 5-20% range. Fist, develop a 8 month personal emergency fund.  If you require $6K per month to live personally that means you will need $48K in savings first for your personal emergency fund. After that, start to pay down your personal credit cards. Do not pay them off each month. You will improve your credit score by leaving a small balance of 5% each month.
5. Set up a merchant account to accept credit cards for your business. For the best rates and service contact Nevada Corporate Planners, Inc. at 1-888-627-7007 for a referral.
6. Develop a D & B® profile for the LLC or Corporation. We would recommend you do not do this on your and contact Nevada Corporate Planners, Inc. at 1-888-627-7007 for options in this area. Continue reading →

I’ve seen made by hopeful, yet sadly uninformed individuals over the years.

Here are a few more secrets to give you the ability to avoid common mistakes.  When it comes to developing business credit you need every secret you can get.

Avoid Costly Mistakes when Developing Business Credit!

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D&B has updated Financial Stress Score (FSS) and Supplier Evaluation Score (SER) will be available in all D&B information delivery systems. The updated FSS and SER scores now use additional elements to predict the likelihood of business failure or default, making it 26% more predictive than the previous Financial Stress Score model.

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You want to be with a program where there is a process to guide you through the proper steps to build business credit and to work with a coach. This is a very dangerous process to be given tools to do it on your own.

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Even if You Have Been in Business for Six Years Your Company May Have NO Profile with D & B!

Some people have been in business for 6 years, they’ve been incorporated for 6 years. They’ve paid all their bills on time. They still may not have any type of business credit file developed. The main reason is that they have vendors that do not report their good payment activity to D & B. Most business owners think since they pay their bills on time that is enough and vendors report. That is not what happens. Think about it. All the vendors that own you money do you take the time, labor and effort to report to D & B? Probably not! Continue reading →