ECN Electrical Forum - Discussion Forums for Electricians, Inspectors and Related Professionals

ECN Shout Chat
Top Posters(30 Days)
Admin 19
Recent Posts
Anyone hiring inspectors?
by gfretwell. 03/27/17 01:36 AM
Old decora style outlets
by Admin. 03/25/17 11:40 AM
ESA Arc flash course
by TheShockDoctors. 03/24/17 10:15 AM
fuse rejectors
by HotLine1. 03/24/17 07:53 AM
Another Forum Update
by Admin. 03/22/17 03:04 PM
New in the Gallery:
SE cable question
Popular Topics(Views)
231,551 Are you busy
166,289 Re: Forum
160,676 Need opinion
Who's Online Now
0 registered members (), 43 guests, and 10 spiders.
Key: Admin, Global Mod, Mod
Previous Thread
Next Thread
Print Thread
Rate This Thread
#157362 - 10/19/05 07:03 AM Dunn and Bradstreet  
Dnkldorf  Offline
Member
Joined: Dec 2004
Posts: 1,064
nowhere usa
I recieved a "spammer" fax, I'll call it, from a lending company stating my business rating acording to D&B was excellent, and if I wanted to borrow money, I was pre-approved.

Like the credit card apps you get in the mail all the time, they go in the shredder.

But it got me thinking, what is an appropriate credit score for your business?

Anyone know the ranges?


Dnk......


Business, Office, Estimating, Legal:

#157363 - 10/19/05 04:21 PM Re: Dunn and Bradstreet  
Celtic  Offline
Member
Joined: Feb 2005
Posts: 361
NJ
I would be more concerned with the "fax spam", than my credit score....

Fax Spam is illegal in the United States.
It is punishable by a $500 per instance fine! http://www.dynamic-apps.com/security/faxSpam.jsp

You can also attempt to wade through the laws at http://www.gpoaccess.gov/plaws/index.html


~~ CELTIC ~~
...-= NJ =-...

#157364 - 10/19/05 07:12 PM Re: Dunn and Bradstreet  
hbiss  Offline
Member
Joined: Dec 2003
Posts: 886
Hawthorne, NY USA
D&B? They call me and ask for the information. I could tell them anything. I don't think I have ever given them anything they could use to check my credit like my ss number or federal ID.

-Hal


#157365 - 10/19/05 07:55 PM Re: Dunn and Bradstreet  
Tesla  Offline
Member
Joined: Jun 2004
Posts: 1,273
Sacramento, CA
D & B get most of their info directly by phone interviews.

They have a vast database on American and Canadian businesses.

They got their start in the 'rag trade' where suppliers and customers constantly get burned. See "Who'll Save The Tiger"...

You'd be surprised how much D&B can find out without even leaving their desk. Most of your distributors are already rating your payment record and reporting it to D&B automatically. That's what is of primary interest to creditors, anyway.

D&B may well call your landlord, if any, to see if they are happy. It is not uncommon for D&B to stop on by and visit to look over your facilities. Don't be surprised if they don't hit you up to be a subscriber.

The typical report sent to subscribers will show who the principals are, the legal form of business, its address, phone number, etc. It will also have a guestimate as to the size of the firm based on their own take. Any liens or litigation will be posted since D&B routinely logs all commercial litigation and bankruptcy filings.

It is not a cheap service for a small guy, but is deemed essential by bankers and big players.

Investigation is normally triggered by a subscriber inquiry. I was almost always amazed at the info D&B had on my customers.


Tesla

#157366 - 10/19/05 08:28 PM Re: Dunn and Bradstreet  
renosteinke  Offline
Cat Servant
Member
Joined: Jan 2005
Posts: 5,316
Blue Collar Country
As Tesla mentioned, D&B are not a cheap service.

I really doubt the spammer got ANY info from D&B. That would cost them money. More likely, it is part of their BS sales pitch. Such an offer is to be avoided.


#157367 - 10/20/05 11:16 PM Re: Dunn and Bradstreet  
sierra electrician  Offline
Member
Joined: Feb 2005
Posts: 219
North Fork, CA USA
D&B listed my little co. as a $130 million Utliity Co. I was afraid to answer the phone for two years because of all the NY stock traders who wanted to help me invest millions. Those guys don't take no for an answer and swear sailors when you tell them you don't have the money invest.

Rob


#157368 - 10/21/05 04:27 PM Re: Dunn and Bradstreet  
Tesla  Offline
Member
Joined: Jun 2004
Posts: 1,273
Sacramento, CA
Over the years D&B has made some staggering goofs. Sometimes they get sued over them.

But usually their stuff is decent and insightful.

They are such a big and profitable operation that they have, over the years, bought out any number of companies. Normally D&B does not change the name or the management of the newly acquired.

They are all over the place. You may be doing business with them right now and don't know it, through one of their army of companies.


Tesla


Member Spotlight
Lostazhell
Lostazhell
Bakersfield, CA (Originally Orange Co.)
Posts: 1,428
Joined: February 2004
Show All Member Profiles 
Featured:

2017 NEC and Related
2017 NEC
Now Available!

Shout Box
Powered by UBB.threads™ PHP Forum Software 7.6.0
Page Time: 0.019s Queries: 14 (0.003s) Memory: 0.7842 MB (Peak: 0.9389 MB) Zlib enabled. Server Time: 2017-03-27 08:34:29 UTC