What is Dun and Bradstreet?

It is very possible that you may not know what Dun and Bradstreet is if you are a new business owner. Dun and Bradstreet is the most known business credit bureau in the world. The company has been around for an astonishing 150 years and is still going strong. There are other business credit bureaus out there, but if you are going to get business credit, Dun and Bradstreet is the heavyweight of them all. If you want to get business credit, and get good business credit, than keeping track of your paydex score, which is the system that Dun and Bradstreet uses to judge your company’s history, is very important.

Business credit is rated differently than personal credit. Paying your bills on time is the most important factor affecting your score. Dun and Bradstreet also gets information from other companies about your company, and based on the information they gather on your company, this is where your score comes in.

Dun and Bradstreet uses the paydex score so companies can get an opportunity to get a business loan. Any score higher than 80 is a good paydex score. A way to improve your score would be to pay your bills ahead of time. The higher your paydex score, the more likely you are to get a good business loan and receive fast business credit. Dun and Bradstreets website explains everything you need to know about the company and how Dun and Bradstreet can help you.

If you keep an eye on your business credit report while having a line of credit, it is the best way to build your business up. This will tell you your payment history such as if you are paying on time, if you are late, and it will allow you to fix your problems. If you are late on your payments and your payment gets sent out to a collection agency, Dun and Bradstreet will find out about this and it will affect your score. If this stuff happens it can greatly damage your company’s chance at getting any kind of loan or line of credit.