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Report: #305818

Complaint Review: Dun & Bradstreet, D&B, Dun And Bradstreet, DNB - Short Hills New Jersey

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  • Reported By: Santa Clarita California
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  • Dun & Bradstreet, D&B, Dun And Bradstreet, DNB 103 JFK Parkway Short Hills, New Jersey U.S.A.

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I formed a company in 1991 that provides registered agent for service of process for several thousand corporations and limited liability companies for other small businesses in the State of Nevada. I paid D&B $599 to build a credit profile for another one of my companies. For no justifiable reason, whatsoever, Dun & Bradstreet rated my company as a "severe risk" credit company.

My company is doing well financially. It has been profitable over the years and has never paid a bill late. Not only was this action taken without explanation, the D&B company has also marked as "severe risk" credit over 3000 companies in Nevada simply because my company is the registered agent for service of process for these companies. Here are some of the various excuses D&B gave:

1. A company named Direct Credit Advantage (DCA) owned by former D&B employee, Sarkis Nercessian and Jeff Maziarz had people buy companies from us. 2. DCA would attempt to build credit reports for these companies using D&B services. 3. Apparently DCA employees did not report the proper start date to D&B for the various companies purchased from us. 4. DCA, without my approval, utilized another one of my companies, Companies Incorporated as a credit reference on these various business on which they attempted to build credit profiles.

This roughly similar to a consumer credit bureau rating all customers who shop at Wal-Mart as high risk because the high-risk CEO another company told some people to shop at Wal-Mart. Countless phone calls to the D&B were met by arrogance and refusal to help. I ask for the following to satisfy this consumer :

1. Remove the "severe risk" credit rating from my business profile at once. 2. Reverse this ridiculous and nonsensical "severe risk" rating from companies if it is such merely because my company serves as registered agent.

Kwes
Santa Clarita, California
U.S.A.

This report was posted on Ripoff Report on 02/03/2008 08:39 PM and is a permanent record located here: https://www.ripoffreport.com/reports/dun-bradstreet-db-dun-and-bradstreet-dnb/short-hills-new-jersey-07078/dun-bradstreet-db-dun-and-bradstreet-dnb-is-a-fraudulent-scam-company-that-careless-305818. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
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0Employee/Owner

#8 Consumer Comment

DUN AND BRADSTREET SHOULD BE SHUT DOWN FOR CRIMINAL ACTIVITY

AUTHOR: dustin - (United States)

POSTED: Saturday, June 09, 2018

If they call you hang up the phone.  these guys had the nerve to charge my card 3K without telling me

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#7 Consumer Suggestion

Investigation of Dun & Bradstreet

AUTHOR: D&B Litigation - (United States of America)

POSTED: Monday, October 08, 2012

Shanberg, Stafford & Bartz LLP is currently investigating claims that D&B and/or Dun & Bradstreet

Credibility Corporation falsely report negative credit ratings for businesses in order to generate monthly fees from those same businesses who seek to repair their negative credit history through D&Bs website.  



At this time, we are investigating a possible class action lawsuit against Dun & Bradstreet.  If you or your business believes it has been the victim of fraud or scammed by Dun & Bradstreet, please visit www.dandblawsuit.com or send us an e-mail at dandblitigation@gmail.com.  We will investigate your experience and evaluate whether you may be a proper party to pursue a class action lawsuit.



SOLICITATION

By: Shanberg Stafford & Bartz LLP, attorney Ross E. Shanberg. Shanberg, Stafford & Bartz LLP is licensed to practice in the State of California only. The Firm does not intend to represent anyone desiring representation in a state where this Web site fails to comply with all laws and ethical rules of that state.

This content is a SOLICITATION for the use of our services.

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#6 Consumer Comment

I agree D&B does more damage than good and uses mob type tactics to make money

AUTHOR: Builder - (U.S.A.)

POSTED: Wednesday, June 10, 2009

Since this started I have talked to several people who say D & B has posted false information on their businness and has destroyed their credit. IMO D&B post the false info in order to get business to join and pay for D&Bs services. You cannot see the report unless you pay.
It is like they are saying "Pay or we will say bad things about you"

It may be time for a class action againest D&B.

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#5 Consumer Suggestion

D&B Are Liars

AUTHOR: Drew - (U.S.A.)

POSTED: Thursday, November 20, 2008

D&B really only serves fortune 500 companies when it comes to credit reporting. I called 6 different credit card and lending companies and none of them rely on D&B for business credit decisions. American Express requires 4 million a year in revenue before considering you for a corporate credit account. D&B says nothing about this and intentionally misleads smaller businesses just to get your money. Their $900 credit building package is absolute junk. An alternative lending company admitted to me, the way around being locked out of the corporate credit club, is using a shelf corporation. The elite corporations have one big club and you aren't in it. D&B deserves to go out of business along with any reporting agency that's been rating garbage companies with triple AAA or other ratings. The whole system is about to collapse because of liars like these controlling the show. Don't do any business with D&B. Boycott them along with any company who takes your tax dollars and then holds you down with their selective rules.

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#4 Author of original report

Correction to Aged Company Issue

AUTHOR: Kwes - (U.S.A.)

POSTED: Friday, February 15, 2008

The comments made by Entrepreneur07 though appreciated need to be corrected. Companies Incorporated clearly states on its website that the companies are in good standing through maintenance, reinstatement, revival or the like. Shelf companies age like a bottle of fine wine; many without officers for a period of time. When the officer list is filed the company and the fees are paid the company is in good standing with the state.

There are several components that effect the value of an aged company:
1. What the state reports.
2. What D&B reports.
3. What the lender does.
4. Customer credibility.

Let's say a company was filed 100 years ago and did not file a list of officers, 50 years ago. Let's also say today we pay the fees and bring the company back into good standing in a state that allows reinstatement. The state will report the company as a 100 year old company. This is roughly similar to a human being who has been in business for a number of years, goes into retirement, then re-enters the business world.

D&B, on the other hand, takes the most conservative approach. Even if a company was filed 100 years ago, if the owners and/or business type changes within the last 6 months, they will report the company as a 6 month old company. D&B can build a credit profile on a company whether or not it has had a charter revocation issue. It is important to report the actual date the business started up again.

Many lenders wont lend to businesses unless they are two to 10 years old. So, having an aged company can aid in securing loans. Plus, age can be weight on the "yes" side of the scale when a loan committee is reviewing a loan proposal.

When doing business with clients, many clients will trust a company that has been incorporated several years ago than with a company that was recently filed.

So, 3 out of the 4 parties view the company as a 100 year old company. So, it is not essentially worthless, as you say and it can build a credit profile. Plus Companies Inc. definitely lets clients know in writing that the company has either been maintained or reinstated to good standing. Look at the website. You will clearly see this.

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#3 Author of original report

Dun & Bradstreet and Direct Credit Advantage

AUTHOR: Kwes - (U.S.A.)

POSTED: Friday, February 15, 2008

The above information is not meant to harm any company or person and one should not form an unfavorable opinion about Dun & Bradstreet, Direct Credit Advantage, Sarkis Nercessian or Jeff Maziarz or any other party as a result of reading this information. It is just stating an opinion and describing the situation from one vantage point and from one point of understanding.

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#2 Consumer Suggestion

Dun & bradstreet information/customer testimonial/What Dnb Told me

AUTHOR: Entrepreneur07 - (U.S.A.)

POSTED: Friday, February 08, 2008

As a person who has seen first hand the service Companies Incorporated provides, I wanted to clear up a few things: First and formost Dun & Bradstreet has been around for 170 years for a reason. Dnb is the leading provider of corporate credit and is used my 90% of fortune 500 companies. Asides from all the factual statements, Dnb Only puts companies into High risk for certain reasons. Some of those reasons may not seem fair BUT they are there for a reason. My company went into high risk not because the start date was submitted incorrectly but because the company that was sold to me from www.companiesinc.com by Companies Incorporated had a reinstated or previously revoked charter. lets go play by play. I bought a 10+ year company. That information was then provided to direct credit advantage. That information was then reported to dnb as a 10+ year old company with an ownership change when I purchased it. Dnb explained to me the reason why my company went into high risk was because the company was revoked for about 6 years and just recently reinstated around september of last year. What that means is this:

Always check the secretary of state before purchasing a company. If the company has been recently "reinstated" or "Revived" or was ever Revoked then most likely there has been a huge inactivity period and unfortunately dnb doesnt care of the original start date. They will only report the reinstatement date. Dnb was very clear in providing me this information. Also i've found out that most banks wont deal with me because of the fact that i have a reinstatement. They can tell that ive only had the company for a few months and they wont give me ANY money. I cant say im really pleased with dnb in how my information is reported BUT if i had been more informed when purchasing the company through companies inc then i wouldnt have had these issues. ALWAYS CHECK THE SECRETARY OF STATE FOR THOSE THINGS!

The bottom line is that Companies Incorporated was not clear with me when selling me these corporations. Direct Credit Advantage helped me through the entire credit building process, and I know it will be an asset to have good corporate credit in the future, but there is nothing that can be done for me in this case because I purchased a company with a revoked then reinstated charter. That was my own fault, but I would not have done so if I had known what a scam Companies Incorporated was running by providing me with companies that are essentially worthless.

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#1 Author of original report

Dun & Bradstreet, D&B, Dun And Bradstreet, DNB carelessly crushed our small company without justification

AUTHOR: Kwes - (U.S.A.)

POSTED: Wednesday, February 06, 2008

I formed a company in 1991 that provides registered agent for service of process for several thousand corporations and limited liability companies for other small businesses in the State of Nevada. I paid D&B $599 to build a credit profile for another one of my companies. For no justifiable reason, whatsoever, Dun & Bradstreet rated my company as a "severe risk" credit company. My company is doing well financially. It has been profitable over the years and has never paid a bill late. Not only was this action taken without explanation, the D&B company has also marked as "severe risk" credit over 3000 companies in Nevada simply because my company is the registered agent for service of process for these companies.

Here are some of the various excuses D&B gave: 1. A company named Direct Credit Advantage (DCA) owned by former D&B employees had people buy companies from us.
2. DCA would attempt to build credit reports for these companies using D&B services.
3. Apparently DCA employees did not report the proper start date to D&B for some of the companies purchased from us.
4. DCA, without my approval, utilized another one of my companies as a credit reference on these various business on which they attempted to build credit profiles. (This is not meant to be derogatory to any company, including, DCA or D&B, it is simply reporting unjust treatment in this case, in our opinion)
This roughly similar to a consumer credit bureau rating all customers who shop at Wal-Mart as high risk because the high-risk CEO another company told some people to shop at Wal-Mart. Countless phone calls to the D&B were met by arrogance and refusal to help.

I ask for the following to satisfy this consumer : 1. Remove the "severe risk" credit rating from my business profile at once. 2. Reverse this ridiculous and nonsensical "severe risk" rating from companies if it is such merely because my company serves as registered agent.

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