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    Nise5280's Avatar
    Nise5280 Posts: 30, Reputation: 2
    Junior Member

    Jun 28, 2015, 10:18 AM
    I want to build a credit rating for my 2-year old business
    I started a small LLC Trucking/Transport company (one truck) two years ago, and have yet to build a credit rating. We just paid off the business/truck in January 2015 -- but we bought from an individual who closed his business the same day we opened ours. (he retired) I want to report this to the credit bureau, but do not know who to call. I have called several agencies, who all tell me to call someone else -- without telling me who that is. The individual we bought the business/truck from is happy to send whatever documentation necessary to have the purchase reflect on a credit report. Can someone please advise me who I am supposed to reach to start a small business credit rating? We did have a signed, notarized loan agreement with our seller, and both his and our documents reflect paid in full with no missed/late payments. Thank you. Nise5280
    joypulv's Avatar
    joypulv Posts: 21,593, Reputation: 2941
    current pert

    Jun 28, 2015, 04:13 PM
    I don't think you are going to start a credit rating with a purchase of a used truck from an individual. Credit starts with credit cards and mortgages and other types of bank loans. You don't notify anyone - credit bureaus get the data in huge bulk batches from lenders.

    For most of us, business or personal, credit starts with a credit card.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,302, Reputation: 7692

    Jun 29, 2015, 01:17 AM
    Agreed, individual credit like that would be too easy to fake. Friends sending in for friends. Your business needs to get some gasoline credit cards, regular credit cards. Perhaps even a small loan so credit will be reported from credit card companies, and banks or loan companies.

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