Establishing Credit With a New Taxpayer Identification Number

72 Responses to “Establishing Credit With a New Taxpayer Identification Number”

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1. 51
   phillip Says:
   July 7th, 2009 at 3:40 pm

   i would liketo get a list of credit cards and loans with using my tax of duns no.

2. 52
   Brad Says:
   July 8th, 2009 at 9:26 am

   We have found that in order to get a paydex score through Dunn & Bradstreet (d&b) you must subscribe to their service which is quit expensive. They require several of your creditors to report to them in order to establish your paydex score. The clincher here is your creditors must also subscribe to D&B) or they will not be considered. I call this a monopoly!

3. 53
   Ted Says:
   July 8th, 2009 at 9:41 am

   Brad,

   that is patently incorrect.

   while D&B makes it seem that way, you DO NOT NEED TO PAY DUN AND BRADSTREET A SINGLE PENNY to get a paydex score and dunns rating.

4. 54
   Brad Says:
   July 8th, 2009 at 10:04 am

   Ted,
   You are patently incorrect. we just spent over an hour on the phone with d&b and they asked us who we have open lines with and we discussed we are a cash only company to date other than staples & fed-ex. They explained to us by joining their service they will contact our creditors and verify our pay history. They went on to say that both staples & fed-ex are members of d&b and they have a paydex score so we could use them to report toward our paydex score although we had no paydex score from doing business with fed-ex and staples for over 5 years? When I mentioned the only other line of credit is our landlord who we lease our commercial space to (they require three) they informed me that the landlord would have to become a member and have a paydex score themself in order to qualify toward our paydex score. I dont see you defending the monopoly issue? pick up the phone right now and call them an ask them.

5. 55
   Ted Says:
   July 8th, 2009 at 10:13 am

   Brad, its not an issue to debate.

   suffice it to say that i personally have been involved with many companies that have gotten d&b without paying a penny to dun and bradstreet.

   read this: http://ezinearticles.com/?What.....;id=547527

   you can go to companies liek NEBS, and once you pay them they will report to your Duns number.

   try it before you throw hundreds of dollars out the window…

6. 56
   Ted Says:
   July 8th, 2009 at 10:13 am

   i’m saying that D&B pretentds that you need to pay. i know that thats why calling them won;t help.

   but in real life- you dont need to.

   and yes, I agree with you about the monopoly part 1000%.

7. 57
   Brad Says:
   July 8th, 2009 at 10:23 am

   Ted,

   This issue is we dont need services like NEBS or any other vendor for credit. We are attempting to purchase the building we are in with our business corp credit. All we really need is fed-ex and staples which is paid off on a monthly basis and neither of them have reported us to d&b. If We could find someone else like staples to purchase paper,ink etc on credit who reports to d&b then maybe we could urge fed-ex & staples to report also. Then we would have three. Since we are a s.corp none of the officers wont to sign a p.g. Staples gave us credit on our EIN 5 years ago but has since change their policy unless you have a paydex score however they have not provided d&b with our credit history with them. I thought you were affiliated with d&b and after my call with them I was somewhat p-offed. If you know of any other office supply companies who report to d&b post the link!

8. 58
   Ted Says:
   July 8th, 2009 at 10:30 am

   Brad,

   That doesn’t sound right.

   staple does report, as do many other vendors.

   you should also think about what other vendors you use that can report.

   if you are going to pay the fee (for creditbuilder), at least think about what other vendors you do business with.

   for example…

   water cooler service?
   local printer or graphic artist?
   local pizza place?

   if you do pay you should make sure to get as many vendors as possible on it!

   there are many many office supply vendors that report.

   but even if you don’t need the stuff, it payd to buy somethng (black checks? a shirt?) from nebs, uline, and similar companies- if only to improve the nuber of vendors report on your account.

9. 59
   Ted Says:
   July 8th, 2009 at 10:44 am

   blank checks, that is.

10. 60
    Melanie Says:
    July 8th, 2009 at 10:45 am

    Not sure how you folks are getting a Staples card; I went and applied and they wanted me to give them
    my S.S. # … needless to say I couldnt apply.

    Whats the deal? I gave them my EIN number — but still nothing…

11. 61
    Ted Says:
    July 8th, 2009 at 10:48 am

    did you apply for a BUSINESS card?

12. 62
    Melanie Says:
    July 8th, 2009 at 10:51 am

    Yes, absolutely; I applied for a business card…
    and nothing …

13. 63
    Melanie Says:
    July 8th, 2009 at 10:52 am

    Many of them also want you to have been in business for at least 2 years.. I just started my business last year…

14. 64
    Brad Says:
    July 8th, 2009 at 10:54 am

    We recieved our business card from staples over 5 years ago and have been using fed-ex monthly with a business debit card to back the fed-ex account through our operating account with our local bank. Staples has tightened things up. Good Luck.

15. 65
    Melanie Says:
    July 8th, 2009 at 11:04 am

    Yes, apparently! Everyone has tightened up!

    I dont know how anyone with a new business and less than excellent credit gets ahead now

16. 66
    kim Says:
    August 21st, 2009 at 10:22 pm

    staples is quill..so try and go to quill.com hope this helps

17. 67
    kim Says:
    August 21st, 2009 at 10:24 pm

    i have about 6 net accounts and just form my llc . but i still have no paydex score and can’t find a loan or line of credit a\or a credit card ..can some one help

18. 68
    keith Says:
    November 7th, 2009 at 4:58 am

    Hi , what are the companies that I can apply and recieve a credit card to start my own business

19. 69
    Nick Says:
    January 14th, 2010 at 10:34 am

    This is a great website, I have had so many of my questions answered, just by reading previous entries. I live in the UK, but decided to start an American LLC last year. Due to my determination and endless hours of research on the Internet, I was able to form it, raise a EIN number (which took so many phone calls) open a Business bank account, I wish I had found this website earlier it would have saved me so many hours of my time. Thank you. I will now start to attempt to gain credit, my question is , I have a D&B number, but they have contatced me recently and said I need to pay $137 to make the file active and allow reporting on it, is this true, as I have looked at it myself on line it appears as ok. Any advice would be appreciated.

20. 70
    RAY Says:
    February 16th, 2010 at 2:59 am

    I would like to use EIN to establish credit I don’t have business(but planned to open one) to apply for Staples I need bank account but the thing is to get bank (business) account is like running in circle never mind bus. name but they will need contact person and ssn# that where everything stops !!!!!!!!!help please anyone?thanks

21. 71
    francis nangle Says:
    June 13th, 2010 at 3:54 pm

    just getting into the banknbonus thing.have had some luck getting bonus but think I need lots more organization. are there any specifically pertaining to this? are there any computer programs I could install?

22. 72
    James Says:
    July 17th, 2010 at 6:03 pm

    Ok, I have been a dba owner for over 12 years. My credit is “Crap” due to divorce and medical bills.

    Is there a list some where for New LLC business credit, such as secured business cards? I’m going to create a new LLC for Jan 1st 2011 and want a head start on this stuff.

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