My Business Credit Journey to 1,000,000

So I have my business, tax id, telephone line, 411 listing, and a DnB number. NOW WHAT?

TIME TO GET CREDIT….

Ok. It’s not that simple, but we are almost there. Like personal credit we need to establish a positive track record to obtain credit. This can be done in 30 days. So what is a positive track record? an 80 paydex score…..

so how can i get an 80 paydex score…i need to get 4-5 companies to report to DnB(will be referred to as the devil in some cases) that i ordered something from them and my payments are on time. That’s it. The trick is, who can i order from? who will give me credit? and who will report?

This is why you need to know what net30 is. So yesterday I ordered from 6 companies that gave me net30 accounts and of whom i was told, report quickly. Below is a list of net30 accounts that report and who will grant you an account with a tax id, no social and no established business credit.

Bags & Bows, Reliable, WearGuard, Quill, US Plastics, Gemplers, Viking, Nebs(ask them to report), pens.com, Uline, Grainger

Believe it or not, there are 2 revolving accounts you can get with no business credit. You need a utility bill(like a phone bill) most of the time but some people do not even use any proof of address. They are Staples and Office Depot. With no credit staples generally gives you $750 and office depot generally gives $250. I did not apply for those as I plan to get my paydex score from the net30′s and then apply for the revolving. I should get bigger lines with the paydex score.

I will try to make a longer list of net 30 accounts and post it in the future. If you have knowledge of any net 30 accounts that report to DnB or Experian that I have not listed, please free to post them.