As the saying goes, when you go it on your own, you are on your own! This is the big concern when you build your business credit profile on your own, even with D & B’s business credit builder services online. Mistakes happen often in the compliance section which end up causing those serious about developing a business credit profile to have to form a new company!
By law, Dun and Bradstreet, it’s a business, not a government agency. By law, they don’t have to remove anything. Many times, they don’t.
Sometimes they will, if it can be proved and you get somebody that’s good to work with there, they’ll take a couple things off.
The cost of a corporation would be less than trying to go to court. You may win, I don’t know. You may go to court and win and they would clean everything up. You spend $15,000, $20,000, and you get it all cleaned up.
But for a tenth of that, you can get a new corporation.
About The Author: Scott Letourneau is the CEO of Fast Business Credit, Inc. When it comes to securing cash and vendor lines of credit and avoiding costly mistakes his company is the authority. For further assistance regarding the development of business credit go to http://www.FastBusinessCredit.com or call FBC at 1-888-313-6333 or 702-977-5246.