Grainger reports to D&B in the Spring

[nawlins48]

I just got my biz approved for a Grainger net 30 account. While I was talking to the girl in the new accounts department, I asked if they report to D&B. She said yes, they report twice a year - in the Spring and in the Fall. They have not reported yet for Spring 2011, and she didn't know exactly when they will.

 

So, for those building biz credit and looking for a TL that reports to D&B, you may want to give them a call and get setup asap to take advantage of their Spring reporting.

[ExCM]

Thanks for the tip! I will be applying to Grainger shortly and this will now be a priority. Its unfortunate they only report twice a year but I guess that

is the nature of the biz.

[KYBOSH]

How are they with limits?

[BRBiz]

You usually always get a $1000 to start maybe more with a decent file.

[stinastina]

How strange about their reporting. I have only two accounts: Uline & Grainger. Uline reported first and Grainger showed up around the end of January this year. I opened both in December 2010.

[cracker station]

How strange about their reporting. I have only two accounts: Uline & Grainger. Uline reported first and Grainger showed up around the end of January this year. I opened both in December 2010.

Something is not adding up here. I applied, was approved, made a purcahse, paid the bill and was reported on D&B back in September/early October. You are saying it reported late Jan. OP states they are reporting later in spring. I thought they reported more often than twice a year. I am not doubting anybody here, just the facts does not back up what Grainger is saying. It just goes to show that the credit climate is now hit or miss. Makes it much harder to build business credit. It also has slowed down the timeline that it takes to build business credit.

[BRBiz]

They def. dont report monthly but quaterly would make more sense looking at every ones info.

[BLCKSTN0013]

I was approved for a $1K limit with them, though, I've yet to make a purchase with them. Reason being is because I, and one of my partners, called numerous times to inquire about when exactly they report. Each time we got different answers (monthly, quarterly, twice a year, and once a year). I didn't want to "waste" the money, so I focused on people who report at more definite times. Who knows? They definitely don't!

[BRBiz]

Honestly if you cant use anything from a place you should be ordering just to get a tradeline reporting, at the end of the day it really isnt worth it.Focus on getting things you do need. Even if you order from a smaller place or a place that doesnt report to CRA's you can still use them as a trade ref. which is a big help in getting bigger and better accounts.

[BLCKSTN0013]

I agree with that to a certain extent. Of course, no one wants to buy a bunch of items they can't/won't even use. That's part of the reason I've never really dealt with Seton or Grainger. Their products are basically useless to me. It boils down, though, to how "desperate" you are to get that almighty Paydex score. Sometimes you have to bite the bullet, even if it means buying emergency signs and parking cones (ex. Seton), in order to get a tradeline!

 

 

[nawlins48]

i buy our batteries from Grainger

[BRBiz]

I agree with that to a certain extent. Of course, no one wants to buy a bunch of items they can't/won't even use. That's part of the reason I've never really dealt with Seton or Grainger. Their products are basically useless to me. It boils down, though, to how "desperate" you are to get that almighty Paydex score. Sometimes you have to bite the bullet, even if it means buying emergency signs and parking cones (ex. Seton), in order to get a tradeline!

 

Your paydex score means nothing! That is something that D&B uses to show people what there score is but almost all companies that use D&B just take your payment history and plug it into there system. So you dont even need a paydex to get approved for things. You could have a 80 paydex but when Citi pulls your info they rate you at a 60 on there scale of 1 to 100.In fact some companies may lower your score if you have alot of smaller trades showing with no late payments, since most "real" businesses are often late with payments so to them that may be a little odd. See what I'm saying.

That is why so many with similiar files dont get approved for the same things, creditors will factor in other things like your city or town to your score. if you live in a poor area your considered a higher risk.

[ExCM]

I agree with that to a certain extent. Of course, no one wants to buy a bunch of items they can't/won't even use. That's part of the reason I've never really dealt with Seton or Grainger. Their products are basically useless to me. It boils down, though, to how "desperate" you are to get that almighty Paydex score. Sometimes you have to bite the bullet, even if it means buying emergency signs and parking cones (ex. Seton), in order to get a tradeline!

 

Your paydex score means nothing! That is something that D&B uses to show people what there score is but almost all companies that use D&B just take your payment history and plug it into there system. So you dont even need a paydex to get approved for things. You could have a 80 paydex but when Citi pulls your info they rate you at a 60 on there scale of 1 to 100.In fact some companies may lower your score if you have alot of smaller trades showing with no late payments, since most "real" businesses are often late with payments so to them that may be a little odd. See what I'm saying.

That is why so many with similiar files dont get approved for the same things, creditors will factor in other things like your city or town to your score. if you live in a poor area your considered a higher risk.

 

 

That's a good point. I few years back I had another business and all I did was order some paper from Reliable. After that hit, I got approved for a line with Dell and Amex Corporate Gold card.

Shortly thereafter I got approved for a 50K business line with Amex. Of course the market is tighter now but I would agree that a Paydex is not absolutely necessary.

[Bri88]

Is there a certain dollar amount required for Grainger to report to D&B?

 Wow only reports 2x a year that's very interesting. Now I'm curious if 2 transactions annually holds the same weight as 12 transactions (monthly). 
 

thanks everyone!