My Business Credit Journey to 1,000,000

Hey Guys,

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%