2 chargeoffs 30 year old corp. Should I dissolve.

[iammagi]

My corporation is 30 years old but 10 years ago I got two charge-offs (Home Depot $5k & Lowes $5K) I've tried to get them off D&B but they keep showing up again. I also see they are showing also in Equifax. I would like to build business credit. I have a 10 year old non-profit as well. Is it better to just dissolve the 30 year old for profit corporation and try to establish credit using the non-profit one?

 

Thanks

 

Cat

[CB Owners]

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[KYBOSH]

Bump for Magi

[BRBiz]

If you can't get them off DNB they will kill your credit even with the long history and non profits are hard to build credit with, may just be better off starting a new company.

[dconawa]

Hello,

 

How bad do you want to keep the 30 year old corp? They can be removed. I have done it.

 

Good Luck

[BRBiz]

You could get them removed but like I said DNB doesn't like to go with the flow some times. And as you see it may magically keep popping up from time to time.

[dconawa]

Hello Brndnh721,

 

Here is the perfect example of using the DNB creditbuilder service. When you pay for that service DNB lists what you tell them. Of course they only want to get money from you so use that wedge to your advantage, but be honest and don't lie about your credit or tradelines, it could come back to bite you in the future.

 

Good Luck.

[BRBiz]

They just don't list what you tell them! That need to verify the info first and some companies just won't give them any info. Another prime reason why so many creditors don't use DNB any more.

[dconawa]

Hello Brndnh721,

 

Have you used DNB CreditBuilder before?

[BRBiz]

Hi DNB Sales Rep,

 

Hell no! But know others who have.. And I would never trust them with anything. One day it's gone and the next your done buying things and it shows up!

[dconawa]

Hello Brndnh721093456782654,

 

How can you talk about something that you have never used? If you are saying that I am a DNB Sales Rep then you are so far from the truth and this proves my point even more. For me to communicate with you is useless. Your under skilled in the building of real business credit. Stick with dept stores and retail credit cards, don't try to step with the Big Dogs you're a flea.

 

Good Luck.

[BRBiz]

Hello Brndnh721093456782654,

 

How can you talk about something that you have never used? If you are saying that I am a DNB Sales Rep then you are so far from the truth and this proves my point even more. For me to communicate with you is useless. Your under skilled in the building of real business credit. Stick with dept stores and retail credit cards, don't try to step with the Big Dogs you're a flea.

 

Good Luck.

 

 

That's odd coming from some one who hasn't shared any info about getting all these major accounts you seem to have! I do consulting and have more then a few try using those products and it does nothing for them.. The only time It would be worth it is if you have very large trades that don't report to get them added and even then it's not guranteed they will even give the info to DNB. So you can move on you have given no useful advice on anything. salamander!

Edited July 11, 2012 by Brndnh721