Borders (734) 477-1039 – Fax Application (877) 254-9229 – Status Update

BP/Amoco Status Update (800)365-6204
Chevron/Texaco Business Card Status Update (888) 243-8358
Citgo Fleet; (734) 477-1039 – Fax Application (877) 254-9229 – Status Update
Citi AA: 888-662-7759
Citibank Status:800-645-7240, 800-288-4653, 800-750-7453
Conoco – Status Line, automated 1-866-289-5622
Experian Business:888-211-0728
ExxonMobil Business Card(800) 903-9966
Key Bank:800-254-2737
Lowes – Status; 1-800-445-6937
Lowes – Underwriter;1-866-232-7443
Lowes Fraud/UW: 800-444-1408
MBNA – 1-800-673-1044
Meijers MC (801) 517-5560
Office Depot – Staus Line, automated 1-800-767-1358
Office Depot;800-767-1358, 800-729-7744 automated line to check status.
Office Max – Status Line, atomated 1-800-283-7674
Philips 66: 866-289-5630, 800-610-1961
Phillips 801-779-7369
Radio Shack;1-800-442-7221
Sam’s UW:800-301-5546, 866-246-4282
Sears – Status; 1-800-599-9710
Shell Fleet Card Status Update(800) 223-3296
Shell: 800-223-3296, 866-438-7435
Shell; 800-377-5150
Staples – Status Line, automated 1-800-767-1275
Staples: 800-767-1291, 800-282-5316
Sunoco Corporate Card(800) 935-3387,(800) 278-6626
Sunoco: 800-310-4773
Target: 800-440-5317
Tiffany:800-770-0800
VALERO (800)324-8464 ACCOUNT STATUS
Valero;1-877-882-5376
Walmart;800-301-5546, underwriting 877-294-7548
Wright Express; 888-743-3893

Hope this helps. If you have any other numbers or emails for business credit contacts please add them

Marc

Dell business credit has been increasingly hard to get. And seeing that they are usually the highest vendor line of credit that you can get before going for cash credit(the largest tradeline) this is an important account. There has been some changes in the business credit world since the closing for CIT and the huge loses that some of these banks were getting. HSBC has completely left us but now we see WebBank.. Yes, you read correctly, WebBank is backing dell business credit now and they have a few small changes.

I have been reading about the changes and noticing that it has been harder to get, so today I called dell to find out whats the real deal. The underwriter I spoke to admitted that yes, it is a little harder to get than before, when backed by CIT and Citi, and she could not go into detail as to the specific tradelines and so on. She did mention though, that the older the company, the easier it is to be approved. One HUGE difference that was mentioned is that if you do not have a DnB rating, you will simply be denied. This is a a deal breaker and something that we have to keep in mind. In many situations, we try to get around paying DnB for their credit builder, and that usually results in the lack of a rating. When you get the first DnB credit builder, that gives you a rating, and I outlined how to get it for free on this blog. I have done this in the passed and still had no luck with getting a rating, so it may be beneficial now to actually for DnB the $150, if you tried the free method and did not get a rating.

All in all, the business credit world is still looking good. The fact that WebBank has come on board is a good thing as we can hope that they back some other accounts. I also heard of some other potential cards to come out this year with no PG but we will see how that goes. I hope that you keep on building business credit as it

Marc.

PD: Sorry for the downtime, the web server needed to be upgraded. We are back 100%

This customer bought the business credit bible. He also did not read throughout my entire blog so when he was applying for his eupdate password, he used the older method of doing it online instead of the new method of calling to get it immediately at no cost, FREE!. He went through the usual method of applying for his eupdate password and they responded with their old tricks of saying that his file was not complete. View the mail below. I have copied his email to me as well as the email that Dun and Bradstreet sent to him:

Thank you Marc.

I have a question already.

I’m following the steps in your book, and I just retrieved my DUNS number, and just received it by email. I didn’t even know that I already had that number lol…

My business is called XXXXXXXXX, LLC, and it is a real company. I have 6 employees and 22 contractors; and I pay insurance, works comp, federal taxes, etc…

It was incorporated on July 2007…

Now when I followed your advice in setting up a eupdate password, I received this email from them:

“Dear marc’s client,

We have received your request for a D&B eUpdate password, but are unable to process it without additional information.

Please have a principal of the business contact our Customer Resource Center at 1-888-814-1435 Monday-Friday 8:00 AM – 6:00 PM Local Time to request a D&B eUpdate password or obtain further assistance if needed.

Thank You,

D&B eUpdate Team”

Please note that this is a trick. They have assumed that since the client is now trying to fix his file he does not know much about business credit. They will claim that the file is not complete because he does not have a rating, and they will make many other claims. If you get this email please do not call the number they provided. That is their sales line. They will try to sell you one of the credit builders, and if any of you have been reading my blog thoroughly, you will know that you can get the first business credit builder for free by calling in. This is just to show you guys how sneaky these are still are.

Marc

As soon as DnB suspects that you have used a tradeline, they basically wipe your account clean, with no hopes of getting it back. There is no ‘fear credit act’ for business so there is nothing that can be done to get that business credit file back. You will basically have to start from scratch with a new business in order to build business credit.

When purchasing a business credit tradelines, I for myself only know a couple companies that actually deliver what they say, but scammers are not your only worry when it comes to business tradelines. The main issue is this; when a company delivers, they get tremendously popular in a matter of months, as this industry is not very large. This is where the problem starts. It is no secret that a lot of the people who want to purchase tradelines, simply want to defraud lenders of their credit. Once a tradeline company has sold tradelines to a number of customers who quickly default on accounts, DnB picks up the trend. Once that trend is picked up, all companies with a tradeline from that company; whether they too have defaulted or not; will be wiped clean. There is no getting around it. I have sold business tradelines in the past, but I do not like dealing with angry clients when things happen that are out of my control. I final note on business credit tradelines is this; buy them at your own risk. If you company is wiped clean, do not complain to the vendor because they cannot do anything. I will much quicker buy a Shelf Corp with established credit than to buy a business tradeline. You do not want to waste money, and more importantly, time when building business credit.

Marc.

Mike

We all strive to acquire lines of credit, whether it be cash lines or vendor lines, with NO Pg for various reasons. Some of us have bad personal credit and some of us simply do not want to attach the risk of doing business to your personal credit. The issue of defaulting on accounts has come up in conversation with a number of clients and I have spoken to one or two people who claim that the creditors try to attach the charged off account to their personal credit. I have not personally seen anything like this but I have seen defaulted accounts affect a new business.

There seems to be a belief that one can start one company, default on the accounts and start another one without it being an issue to get business credit all over again. While this may be true kind of in theory(as the defaulted accounts have nothing to do with you are your new business), I have recently seen this hurt a client and badly. He previously had a corporation with a business credit account with Office Depot(one of the first revolving accounts that you get), and was unable to pay it off. One year later he started a new business and proceeded to get an account with office depot again, and was approved. He used the card a couple of times and one day, while in the store, he realized the card was turned off. He then called Office Depot and they said that they realized that he had another card with a previous business that was not paid. When he logged into eupdate, he realized he paydex was gone and his corp was rated as high risk. His credit file now had a note that said that “A Executive Search revealed that he was an executive of another corporation”. They basically tied the old corps bad credit to the new one.

This situation should give you an idea of what is possible and all precautions should be taken when dealing with business credit and potentially defaulting on accounts. Business credit is not free money, :S,

Marc