This is a follow up article from Part 1 that shows a small business that just got a Duns report (from Dun and Bradstreet) established. Part 1 shows the basics and this part shows how the report keeps changing as new items are updated as the business owner establishes his/her business credit by following the steps that we outline, vendor credit, public filings. This will be a series of articles and as the corp builds its credit I will keep posting the updated report and highlight the changes.

To read Part 1 click here and go to the bottom of the page, last article.

We all know that the format of D&B log in and the report has changed a little. Plus our corp (see the previous article on this subject) has certain information updated, meaning new information appears on its report.

The explanation of most of what you see above is in Part 1 (click here) and read the last article at the bottom of the page.

The page above shows the major changes that took place since this report was updated (see Part 1). Lets magnify this page and see the details. First the top half:

1  Notice the line above Public filing shows that on Sept 2 2010 a correction to the address info took place. It was an addition of an office location.

Ucc filings:

2 Notice the filing number (one of the ways the credit agencies look deeper into the filings)

…… be continued. You can read this complete article (and Part 1) immediately by clicking the links below.

Complete Part 2

Also read the first article on Dun & Bradstreet  for a better understanding of what D&B really looks for click here


Every now and then I come across someone that passes a comment like:

·       ‘Creditors do not really care how many employees your corporation has (as indicated on say a D&B report).’

·       ‘No one really checks the taxes (employee withholding etc etc) that your corporation has filed.’

·       …and similar comments.

To me these comments show a certain innocence that is quite appealing. !!

A lesson in history: A couple of years back you did not even need a business LAN line and you could get business credit. I have seen situations where one has opened a corporation (EIN #) and got approved for Staples unsecured card almost straight away. That type of thing soon came to an end as credit became tighter.

After that it was widely accepted that you should have a business LAN line and a few other things in place. The corp would than buy from certain vendors that report business credit and after a few months apply for unsecured credit and get approved no problem. Well now times have changed even more. Why do you think that most people think it is NOT possible to get unsecured business credit WITHOUT PG (using your personal credit)? Does it not stand to reason that even more steps have to be taken to ensure getting business credit without PG.

·       Of course the numbers of employees you show do not make a big difference by themselves BUT they are a part of the larger picture, your business’ complete profile that the creditors look at. That is what we call the business file.

·      Of course there are many searches that will never reveal your companies tax information but there are many databases that do have that information. Plus these days many more banks actually ask for your business’ tax returns even if you apply for certain secured loans. (as a side note: strictly speaking all loans are secured in one way or another, some just more than others).

Creditors/lenders, banks and credit agencies have access to many databases (like CCR etc) that collectively, pretty much have all the information on your company that has ever been recorded. Different companies have access to different databases. As an example, Experian states ‘that they can look into over 100 criterions to come up with your business credit rating’ (refer to the Experian article here). That is just one example. Now does it not make sense to get as much in place as you can, especially if your aim is to get a good amount of business credit, like cash lines of credit without P.G.

In fact the subject of databases is a vast one and I will get into it in later articles. For now do realize that anything that is recorded is stored in databases around the country (in some cases around the world) and different companies have access to different databases.


For a deeper look into filing taxes (and other articles) for business credit purposes refer to my tax article, click here

Personally I think you should be more concerned with the bigger picture but understanding payment timing will give you a better understanding of the credit reporting process.

Using your card every month and paying off your credit every month will not necessarily show a zero balance every month.

Credit card companies report balances owed on the date they generate your monthly statement. Simply paying off the balance a couple of days before the statement generating date will do the trick. Do realize that the statement reporting date is separate from the monthly due date. I think that is where the confusion takes place. Call up your creditor and ask them what the date the statement is generated every month. You should simply pay the balance a couple of days before that date. So if the due date is 1st of the month and the statement generating date is the 15th simply pay off the balance on the, say, 11th. That way you can use the card and still show a zero balance, best of both worlds!

This can also be used for business credit vendor reporting. You might want to “reverse” the payments. Creditors looking at your business reports usually want to see a higher balance with certain vendors, which will show that the company has enough activity with vendors (among other things). The creditors also like to see repeat business. Now, if you have a minimum amounts to spend, timing your payments can report the maximum amount. For example, you can get credit from Seton. Seton is usually very easy to get credit from (credit to purchase only from them). Now Seton has a net 10 days credit which means that you have 10 days to pay. Seton like most others report to Dun & Bradstreet at the end of the month. You can buy something on like the 25th, have it reflected on your business credit report on the 1st (end of month – start of next month) and pay it off by the 5th (net 10 days) of the month. That way you have it reflected on D&B and still paid within the allotted credit time, net 10 days.

These are the little things that can give you optimum use of your credit and give you better control over credit reporting. You would be surprised how understanding this can help you in polishing out the credit repairing/building process.


Here is a situation that is not uncommon these days :

An individual that has a couple of maxed out credit cards and a few collection accounts. The cumulative debt is not large enough to file bankruptcy. Bankruptcy should be the last option anyway. That basically is the story of his/her personal credit.

We all know that the collection accounts can be negotiated down if enough time has elapsed. Of course you still would have to come up with the money but it will be a lot less. In most cases you can also work out a payment plan.That leaves you with the maxed out credit on your credit report.

One good way to get positive credit history on your credit (that will result in increased credit score) is to get another credit card or loan. I think it is fair to say that in this economy it is tough to get much credit increase, even if you have decent credit. Years ago one could become an authorized user on someones credit card and add positive credit history, that would certainly help you in this situation. Only problem is that becoming an authorized user does not have the same effect on your credit like it used to. The other option is to borrow money from family or friends to pay off your debt. Mixing family with business is not always a good strategy.

There is another way. Public filings, especially in the form of UCC filings. Credit bureaus are connected to a public filing database that updates periodically (varies by state). They automatically receive all liens and bankruptcy information after it is filed at the county, state or federal level. You can actually file a certain document indicating that you have incurred a debt. Credit bureau will pick it up and as a result it will (one way or another) appear on your credit report. This is another way to add positive credit history. This results is your credit score increasing since a positive credit history appears on your report.

Please understand that this is a completely legal method and is very effective. Of course there is a certain amount of detail to it but at the end it is as simple as I make it sound.

Ever wonder how certain property managers and cars sales people mange to get liens on your credit. This is what they are really doing. A few of the more knowledgeable credit gurus file two or more of these public filings on their clients credit report to increase the credit score. Of course they charge enough money for it and never reveal what they are really doing.

The amazing thing is that even if you have filed bankruptcy you can use this method to quickly add lines on your credit report. Having two such lines on your report plus one secured cards (as an example) will quickly add positive credit history.

As a side note: Small amounts of credit is NOT that hard to get a little after filling bankruptcy. If you default on a debt, a collection agency can go after you for many years (depending on your state) . However, if you file bankruptcy most of the debt that falls under the bankruptcy can NOT be collected. Now, AFTER a bankruptcy you can not file for another bankruptcy for another 6 years or so. This gives lenders the satisfaction of knowing that if you default on their loan and you just filed bankruptcy they WILL be able to go after you for many years to come. As you might know that a judgment is likely to be filed against you and there is a chance that they will deduct your pay check or bank account. So getting some credit after filing bankruptcy is not that hard. Gentle readers there is always a come back.

Going back to public filings: In a nutshell this method that we are advocating eventually has the same effect (even if indirect) as getting a loan and gradually paying off the loan. We truly believe that this remains one of the best kept secrets of credit improvement.

Debt, good or bad (fortunately or unfortunately) is a VERY important part of modern everyday life. Either learn to use it or forever be a victim of it.

Public filings- UCC filings work both for personal and business credit.