I don't think you found anything special and your trying to be creative with it but even if they did it that way they probably and shouldn't be reporting it as a credit trade since it isn't. Some places may do that but I highly doubt they will report it as a trade. For new companies the thing usually works is doing small orders and trying to open a account that way. Quill is a good example some have said they have been told by Quill to prepay for some many orders then they will open account but from my experience with them if you place a small order around $50 they will open the account for you. On there end it is worth the risk to gain customers since there actual cost on items is about half or less.
To be perfectly honest Grainger most likely does that as soon as you set up a acccount with them and even without buying anything and reports as $0 till you buy something thus this is why some people have seen ancompany reporting $0 under electrical something under DNB. This is probably done by Grainger since almost all of there customers have credit accounts with them since they basically approve every one.
No need for a attitude bud! But I know business credit better then most on here, do I know everything? No but I know a lot and I hold back some info at times since every one is looking for short cuts and some are just looking to work the system. Their really aren't any short cuts you need to start with baby steps and work your way up.
I always tell people that running your business properly needs to be the first thing on your mind and business credit can follow. To get true business credit ( cash loans, lines of credit auto's) you need to have a successful business that has been around for awhile.
Persuading the rep to pay for something before you buy it?? Isn't that what most people do? You must have to really twist their arm on that one!
And FYI any company reporting cash experiences to DNB is useless and does nothing for your credit file unless your taking hundreds of thousands of dollars and even the it doesn't factor into your scoring for companies.
Whenever I purchase from vendors that report to DNB the last time I ordered from a company is the trade amount that stays there. So for instance if I buy 125 of product from grainger, That amount stays there every month untill I place a different order.
Grainger or anyone else has never reported a 0 dollar balance for us.
Focused on fire,
Thanks for the information you posted up. If it worked for you it could work for others. Although your right. Everyone's experience seems to be different with things.
BTW, Amsoil reports as ''MFG Lubricating Oils'' on DNB. And they report about a month after purchase. I'm actually the one that made the amsoil thread here on credit boards. I'm glad you found it usefull.
I have helped plenty of people get business credit and have taken the same road with all of them and have not had any issues getting the starter accounts every one else gets. You talk about not wasting time but that is what your doing with even trying to get companies to invoice for a purchase first and then paying. In fact you could be hurting your chances of getting approved if they think you are just looking for companies to report trades on your behalf. We have talked about this before and in fact a lot of companies that reported years back stopped doing so. Companies see these forums and know that a lot of times they are being used as a stepping stone for business credit and some are fine with it if it gets them customers and some don't like it because a lot of people only buy from them once or twice and that's it and just isn't worth it to them.
If they want you to prepay and you don't want to say no thanks and move on, if they know you will buy from them without credit terms they are less likely to approve you if your high risk. If they think you will go to another company and your a serious buyer they may approve you and take the risk.
Good luck bud! Could you change your font is annoying and takes up a lot of space on the page..