Dun and Bradstreet reporting

[Mosbonian]

Originally Posted by Ralphy Boy

In the banking industry we do pull a D&B on a company that has been in business for a few years, but it barely weighs in on our decision to loan a company money.

But be honest......in reality a company's credit worthiness is only a small part of making a decision when a Bank looks at making a loan to a business. Comparing credit checking when making a bank loan to credit checking B2B is apples to oranges.

Let me elaborate....when a B2B makes a credit decision most likely he is doing it with the knowledge that he is (in most cases) an unsecured creditor going in. So he has to know everything he can about that company, most assuredly their payment habits to suppliers and where he will fall in regards to importance when it comes to getting paid. (We call that Primary, Secondary and Tertiary conditions)

When a Bank makes a loan you do it with the complete knowledge that you have collateral ( inventory, A/R, etc) and many times have the superiority when it comes to Lien status. And when it comes to Bankruptcy, your rarely take the "hair cut" that the Unsecured Creditors are forced to take.

The decisioning processes are 2 different situations....you are not taking anywhere near the risk that a B2B is taking when allowing open terms.

[trndobrd]

Originally Posted by Iowanian

My favorite part was when they called and she said "I was just talking with your wife" and I replied "Oh, so you were the one acting bitchy to my wife on my home phone"

in indignant "excuuuuuuuse me"..."this phone call is being recorded"

"Good...then maybe your employer will hear that I don't like people calling my home phone to be bitchy to my wife about my business".

Thanks for the input. They can get stuffed.
if they call again, I'm putting "iowanian" on the phone.

Feel free to record and post for our collective enjoyment.

[Titty Meat]

Dude everytime I've dealt with them it's been the same shit total dicks.

[Mosbonian]

Iowanian...

Send me an IM if you are interested in chatting over the phone about this. I can put you in touch with people at D&B if you would like.

[Mosbonian]

OK....before anyone hits me with the question. No I do not work for D&B and I am not a paid official spokesperson.

Anyone calling them a dinosaur needs to get a little up to date themselves. They still are, by far, the largest information reporting company in the world. And the one thing they have done lately is acknowledge some of their processes are a little outdated and information processing is slower than the business world and electronic age demands.

Anyone ever try to do business with the Government? You can bet that in most cases if you don't have an active DUNS #, you will be prompted to ensure you get one. Wanna get on the supplier list of the Fortune 500 companies? You can bet not having any information out there might set you to the back of the line.

On a local-to-local basis, you don't and won't need D&B. But if you intend to do business outside of your normal vicinity, making sure your D&B report is up to date is necessary.

And BTW....large companies do Supplier Validation checks. No one wants to enlist a supplier and depend on them for a core product if they aren't stable these days.

[Mosbonian]

Later guys...I need to get some sleep.

Iowanian...I will check my IM's later today.