D&B (DUNS #) worth it?

Question

Have owned a corporation for a few years, excellent credit all around.

No problems at all, just looking to continue to boost my credit worthiness in case I need a LOC or similar.

My company has a DUNS number, but I don't know if anything is reported on it.

1) Does a DUNS # do anything

2) Is D&B legitimate, or just a scam?  My only interactions with D&B have both been poor.   From a phone call trying to sell me a credit report, to their terrible website, they just seem shoddy.

Any advice to pursue or not?

Thanks
WC

Marc Augustine · Answer

it is true that DnB helps you more after you pay the 550

but its unfair to say that the credit builder has no value
it does help some companies...is all depends on the situation.

Marc

Dean George · Answer

I guess we're both saying the same thing, I'm just more mad about it.

If I call a corporation directly and their sales people lie to me directly, that is way passed the realm of 'bad business' and is a SCAM in my opinion.

I appreciate the link, I learned my lesson and hopefully won't get scammed by their staff again.

Marc Augustine · Answer

lol
yea
i guess...they are pretty horrible if you don't pay

Marc Augustine · Answer

ok...
what happened here is that the rep lied to you to make a dollar
they do that all the time...but if you knew a little more you will know that

i am not saying DnB is honest  or nice to work with
but they simply lied.....

check out THe LIes of DNB -http://mybusinesscreditblog.com/?p=21

Dean George · Answer

I just went through this with one of my businesses.  Literally, last month, I just did this.

Bank says.... you have a slow payment on something.

I say, sure as hell no way I have a slow payment.

Call D&B, already have my free DUNS #.

Hey D&B, what's up?  Ok, only negatives can report to your score.
Until you pay $250, we can't report positives.

Are you shitting me I say?

No sir, serious.

So I pay my money.

Transfered to someone in India who can't help me.  Call back, and get the same transfer treatment.

Unless you are getting something of value that I am not, this is called a SCAM.

My banker says it's a SCAM (but told me to play ball, as they pull D&B credit reports for all business requests).

Every single professional I know has said it's scam, and I run more than one business.

Now, like I said, SCAM or not, it might STILL be of interest, or value to some people.   It sounds like it is to you, and you have some reason to protect some crappy company like D&B.

I'm going to trust my banker, my experience and my business associates more than you here.

Marc Augustine · Answer

west coast
you simply do not know what you are talking about

if you pay or not, positive comments can be reported

i have 6 companies that alll have good credit without me paying DnB a cent..

please comment only on topics that you know

marC

Dean George · Answer

It's a SCAM, because you have to pay them to allow 'positives' on your credit report.  But, they can put negatives on it at anytime.  But only negatives.

It's basically extortion.  But as I have said in other forums, their extortion might be a worthwhile investment for some companies.

If you know it's a SCAM going in, you still might need their services, just don't let them take you for a ride.

Jenny F. · Answer

what statement are you referring to? If it is true, how is it not fair?

Yvonne Griffin · Answer

Thank you all for your input. I applied for my number about a week ago. I hope it will help my business.

Jenny F. · Answer

Basically, here is how it works...

You pay D&B to build your business credit.  I think I paid 549.00.  They are very helpful to you and answer all your questions UNTIL they get your payment.  Then good luck getting through.

They will call you again, only to hound you about all of the non reporting vendors that you do business with such as the plumber, contractor's, etc...They REALLY want that info because they want to call them and HOUND them to sign up for the 549.00 business package...If they get up to 6 vendors from you and 6 vendors from them, well you get the point.  They SAY it is for business credit references....

My business credit hasnt changed since i gave them my money.

If your business credit looks good, leave it be i say. Keep your money.

D&amp;B (DUNS #) worth it?

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D&B (DUNS #) worth it?