For those who are starting out on the path to building
business credit. It can be quite daunting as there are so many different
methods to go about it and most are not accurate. The following methods are key
when starting out on the path to business credit. This is invaluable
information so that you don't make costly mistakes on the road to building
credit for your business.
There are a number of do's and don'ts when you are first
starting out. But, the biggest tip is just to keep it simple. You have to crawl
before you can walk. The following list of companies below are what are
considered starter companies for building credit. After you have gotten your
feet wet and established yourself with these companies you can graduate on to
bigger and better creditors that offer terms for their customers and clients.
Here is my starter list of basic credit building companies:
Amsoil
Strategic Network Solutions
Quill
Venturelogix
Grainger
A and Z Snacks
Uline
Bit Wave Design (They will give a Credit Reference Only)
I would like to focus on one of the companies on the list above. Those companies are A and Z Snacks and
Strategic Network Solutions. These companies are great starter companies in that they offer what you need right now by giving you a "two for one" credit trade line. This is because they both report to Dunn and Bradstreet as well as Equifax while most companies only report to one or the other.
Amsoil
Strategic Network Solutions
Quill
Venturelogix
Grainger
A and Z Snacks
Uline
Bit Wave Design (They will give a Credit Reference Only)
I would like to focus on one of the companies on the list above. Those companies are A and Z Snacks and
Strategic Network Solutions. These companies are great starter companies in that they offer what you need right now by giving you a "two for one" credit trade line. This is because they both report to Dunn and Bradstreet as well as Equifax while most companies only report to one or the other.
Here are the website listings for these companies.e websites
for these two companies:
http://www.stntsol.com/index.php
Reports to: Dunn and Bradstreet and Equifax
http://www.stntsol.com/index.php
Reports to: Dunn and Bradstreet and Equifax
www.azsnacks.com
Reports to: Dunn and Bradstreet and Equifax
Please make note that these companies may require payment in
advance. But, that is truly a small price to pay to receive the invaluable
benefit of them reporting your transactions to both credit bureaus and building
your business credit profile with both major entities to start out.
Also, it is a good idea to make sure that your purchases total more than $75.00 for each transaction, if not than it will only report as being a $50.00 transaction.
Just as a note, Strategic Network Solutions is great to work with because each time you make a purchase they do the greatest thing in the world for your credit profile. They increase your credit line by $500.00! And, this is regardless of whatever the total amount of your purchases are.
If you presently have a website than you will want to look into doing business with the following company:
www.venturelogix.net
They also report to Dun and
Bradstreet and Equifax.
One last thing to remember is to start slow, be patient and open up credit lines with these companies listed first. Take it from someone who has been down the beaten path. If you don't, you will be sure to have a frustrating and unsuccessful journey.
For more tips and tricks for personal and business credit, check back often. Also visit my website at:
One last thing to remember is to start slow, be patient and open up credit lines with these companies listed first. Take it from someone who has been down the beaten path. If you don't, you will be sure to have a frustrating and unsuccessful journey.
For more tips and tricks for personal and business credit, check back often. Also visit my website at:
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