happy New year and Merry X mas…..

We have an end of the sale on the site. Please check it out.


Also if anyone  purchased more than $50 worth of pdf and have not yet submitted their corp info please do so. All we need is the corp name and address as a minimum for posting to business credit.

Thank you.


Some times you will come across incorrect information on your iupdate business file, information that you can not change without contacting D&B. Like incorrect UCC filing information. We all know that calling D&B is not a good idea. So if you notice a UCC number appearing on your file that is clearly not your companies or a filing that has already been cleared, what is the best thing to do?  I am assuming you checked with that states secretary department to double check if the public filing is consistent with what you think. Here is a useful e mail that you can use:

E mail them and state your case clearly and concisely,  attaching any “proof’, your Duns number etc. You see D&b does not make these type of e mails public on their website cause they want everyone to call them up so they can sell you one of there overpriced packages.

Look at what a Duns report looks like …




Using lesser known credit reporters! A simple “secret” way to set yourself apart from the rest of the pack:

As you know not all vendors report to business credit contrary to what D&B might hint to BEFORE you purchase their credit building product.

For those of you who are new at this: when you order from certain vendors they will report to business credit agencies and/or places like D&B (which is really a data collection agency). Now, not all vendors report. That is why places like Graingers, Uline, Quills etc (companies that do report) are popular among business credit builders. In fact they get a lot of business just because they report.

Keep in mind that many lesser known businesses also report.  There was a time when all one had to do was get an EIN number and they would call two of these vendors, get credit and after a month apply for unsecured credit cards. Times have changed.

Today you need to have more vendor credit and you have to wait longer. But there have been even more changes, subtle changes……

Part of lending is subjective. Say if I (or someone from my team) is looking at a business credit file. Nine times out of ten times we can tell if the company’s sole aim is to get quick credit. One of the first things that will make it obvious is that the vendors involved would be the usual: Graingers, Quills, Reliable etc. My point is if you are aiming for some great business credit without PG (personal credit guarantee) you cannot follow the crowd.

As credit becomes tighter, the need for credit is actually going up. This is mainly due to the vast number of undervalued assets available for sale. Restaurant owner are selling at a loss, real estate, Laundromats and pretty much most businesses under the sun that have their income cut in half while their debt service remains the same. So the demand for credit/financing is very high. As a result more and more people are getting into business credit building. As with any emerging trend the information out there is slightly outdated and in most cases very outdated.

If you are aiming for some credit than by all means follow the crowd. But if you want to fulfill the potential that business credit has than your approach should be different.

Recall that I mentioned the usual vendors (like Graingers etc) that most people use, initially you might have to work with them since they can be easy to get. The main point I want to stress is you just have to get some vendors on your credit that are not the usual, most common players. In the future I will add a more complete list of little known vendors that report to places like Experian, D&B and the like. One such place is Strategic Network Solutions and the other is AZ SNACKS, INC (see below).

You just have to understand that having a great business credit file is more than just some usual vendor credit yet it is NOT that hard to build. A business file that can not only get GREAT business credit but can “bring-up” a brand new corp that you make. That makes it much easier for the new corp to get credit. Now isn’t that interesting. Yes, there is just a lot more to business credit than meets the eye.

For now look into other companies that report on your business credit report, a good mix of vendors is a must. Your business should look real and active. In these times you need to have everything in order and than a little more, AN EDGE. Do not leave anything to chance. Remember your aim should be higher than the average person building business credit……you have better information on the subject, don’t you !

AZ SNACKS, INC http://www.azsnacks.net/



Some days ago I was guiding one of my friends as he was trying to get his free Duns number from D&B. As he was new to the whole process I basically told him to apply for a free Duns number. It had already been more than 2 months since he applied. As expected he had already received 2 to 3 sales calls from Dun and Bradstreet. Of course I had asked him to politely decline and just wait for the free Duns number.Dun and Bradstreet will tell you that it takes 4 to 6 weeks to get a free duns number . In my friends case, it had been about 3 months since he took a little  longer setting up some of the other business-credit aspects that I had recommended.  He already had some lines of credit with certain vendors like Quills etc.  At this point we decided to call Dun & Bradstreet.

What followed was a classic example of what lengths D&B would go to just to make a sale.

An aggressive representative got on the phone. I had told my friend to act as an employee of the business (which technically speaking,  is  correct). The rep went on to explain that there is no way he can get a decent (!) duns number if he had not paid for it. My friend painstakingly mentioned that he had applied for a free Duns number. Also that the company he worked for had waited for more than two months for the free number and that should be long enough. He further explained that the company was certainly going to invest in one of D&Bs packages in the near future but for now he would like the free Duns number. And so it went, round and round. The rep claimed that he was checking the system and he could not find a duns number for the company and for such an such a dollar amount the duns number can be generated in “no time”.

The interesting part was this. As my friend was on the phone I was checking his business e mail. As my friend was being told that there was no Duns number I spotted an e mail from D&B with the free Duns number. That e mail was dated one month previous to that day.

Of-course I told my friend to politely say that he will let the relevant people in the company know and than to politely say goodbye.

Moral of this story: Be very careful what D&B tells you just to make a sale. Plus keep a very good relation with them since they are very important for business credit purposes.



How to improve your chances of getting credit from large banks like HSBC, Citibanks and others:One of your ultimate aims, as far as business credit, is to get revolving cash lines of credit. As you build your credit file you will have credit offerings mailed to you. I would strongly suggest to ignore these offers. At the early stages you want to nurture your file and  not burden it. You are likely to get approved by some of these banks but it will slow your progress later on. Your goals should be higher.

We all agree that not all banks are the same as far as their lending practices. Some banks are more conservative than others.  Lets take Citibank.  Citibank is probably one of the most dominant banks when it comes to starter revolving accounts. It stands to reason that you would want your business noticed by them. Did you know that Office depot, Home Depot, Staples, Dell, Sears, RadioShack are all backed by Citibank.  First registering with these companies and eventually getting some type of credit with some of them will certainly put you high up on Citibanks list. As a result your chances of getting lines of credit with Citibank will increase.

Similarly;  Walmart, Lowes and amazon.com are backed by GE Money bank. Walmart, Lowes and amazon.com all offer some type of credit that is worth pursuing if one of your aims is to get lines of credit with GE Money bank.In a few days I might get some more names of banks with their associated vendors and list them on this website. Also,  names of banks that are high up on my list as far as eventually getting cash lines of credit.In a few days I might get some more names of banks with their associated vendors and list them on this website. Also,  names of banks that are high up on my list as far as eventually getting cash lines of credit. Getting business credit established as soon as possible means “aligning” the business so the process flows in a smooth progression, leading up to banks giving you cash cards.



By now you should have decided on a low risk SIC code business. Your business should have a business address and a land-line phone. I am assuming that you know how to get your business incorporated.  You do not need a lawyer to incorporate a business and I will not go into detail in this article. I am sure you can search the many services on the web that help incorporate a business if you do not want to do it yourself. These services are still cheaper than using a lawyer. For our long-term business credit plans a C-corp is the best structure.

When you do receive your EIN number and Tax ID number get a corporate kit for the business. You can get a corporate kit from places like Offiice-depot. A corporate kit is a subject in itself but for now do understand that a business has to keep records of where it spends its money, the employees, policy etc. I will expand on this aspect in later articles but for now make sure you get your corporate kit.

A business land-line and a BUSINESS e-mail is also very important.

Now here is another tip that will show you what sets me (and my team) apart from the rest:  Get some business stationery; letter heads, business cards etc.  Why do you think business stationary is  important ? Every time you deal with vendors, banks (etc)  you should use your business stationary.  For example,  Dun and Bradstreet has been in business for a long time and basically knows what to look out for when rating a business.  When your business faxes something over to D&B and it is on plain paper it might not “red flag” you BUT it will be one more thing that cautions them. In this economy you need every advantage, nothing should be left to chance.  Remember very few are getting financing these days  and hence the ones that are getting any have a tremendous advantage. You should have everything in order and I can assure you that banks will stand in line to give you financing. Remember our country is build on credit – banks have to lend to survive.

By now I am sure you realize that business credit is not just a matter of getting a Paydex score by apply to some vendors.  However, I can assure you that it can be done by most people.

Your mind set should be one of setting up a business like a business is set up.


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