What Can I Do to Help My DNB Score Go Up to Help with a Commercial Business Loan?

When you are condsidering the need for a commercial business loan, Dun & Bradstreet scores work on a relatively simple system. At its most basic, paying your bills on time or early will make your DNB score go up. Paying bills late makes your DNB score go down. If you have a higher DNB score, your DNB score will go up less if you pay bills on time and go down more if you pay bills late. Conversely, if you have a lower DNB score, your DNB score will go up more if you pay your bills on time and less if you pay them late. Basically, all you have to do to make your DNB score go up is pay your bills on time consistently. However, the system does have a few details you may want to be familiar with.

Your DNB score is determined not only by how late or early you pay your bills, but how much the bills are for. For example, your DNB score will go up more if you pay a $1000 bill on time than it would if you pay a $100 bill on time, and the same holds true for paying late and getting a lower DNB score. You can't try to take advantage of the system by paying big bills early and putting off smaller bills for later. Why? Well, paying a $1000 dollar bill will make your DNB score up, but failing to pay four bills at $250 each will make your DNB score go back down. The two effectively cancel each other out, because the total of the small bills was $1000. The actual numbers are a little more intricate, and you can get a better sense for what will make your DNB score go up or down on Dun & Bradstreet's website, where they have an overview of how your score is determined.

But in terms of the most simple, straightforward way to raise your DNB score, all you need to remember is to pay your bills on time. Please contact us for more information on your Dun & Bradstreet (DNB) score and commercial business loans.