handyandi Posted June 15, 2006 Share Posted June 15, 2006 This may sound stupid but here goes. Most of the companies I use I buy direct using my credit card card but there is one that I wish to open a credit account to get better prices. Now on there credit application form it states the requirement of 2 trade account references. If this is your 1st trade account - how will you have 2 trade credit account references!? Chicken & egg!! senario - sort of.! Any advice appreciated Andi Link to comment Share on other sites More sharing options...
robloxley Posted June 15, 2006 Share Posted June 15, 2006 Speak to the company concerned, if you have a good payment history with them up to now, and explain the situation, they may be fine. Link to comment Share on other sites More sharing options...
willdean Posted June 15, 2006 Share Posted June 15, 2006 Speak to the company concerned, if you have a good payment history with them up to now, and explain the situation, they may be fine. The normal thing is to get your mates/relatives who are also in business to write references for you. Provided that you don't have the slightest intention of mucking about with the payments, I never think that this matters. Of course, if it's a small company you're dealing with then talking to them honestly is better - if it's a big place with strict procedures administered by robotic staff, then the former approach is more likely to be necessary. Link to comment Share on other sites More sharing options...
OB2 Posted June 16, 2006 Share Posted June 16, 2006 most companies in my experience are fine if you have a purchase history with them, if you dont already buy some stuff and whilst doing so mentoin you want to open an account! - thats what has worked for me anyway!! Link to comment Share on other sites More sharing options...
Guest lightnix Posted June 16, 2006 Share Posted June 16, 2006 Your bank should happily provide a reference, as long as you've been a good customer. Your accountant may be able to provide another; or any supplier of goods or services, with whom you have a good trading record. Check with their accounts department as to what kind of references they will accept; you may be pleasantly surprised :) Sadly, good trading records alone are not always enough these days, unless they go back several years. In fact, one of our own suppliers gave us a name to look out for last year. This guy had been to a number of lighting / electrical suppliers over a period of a few months and in each case had bought about £2k of goods with cash, cheques or credit cards and everything had been fine. Then he went around all of them asking for 30 days on £4-5k of gear, saying it was for a big project and he was having to front some of the costs himself - could they please help him out just this once. They all agreed, he got the stuff... and disappeared overseas with it. Link to comment Share on other sites More sharing options...
Pete McCrea Posted June 16, 2006 Share Posted June 16, 2006 I must admit I thought it would be harder to get accounts that it has been in some cases. But some places are really hard to get them from. I have found that getting a good payment record with one key supplier that has given you a good sized limit has help me to gain accounts with key suppliers. As Lightnix says, your bank should (assuming you've been good) provide you with a reference. There's no harm in asking them. And also make sure that you ask the others you want to use as referees. Link to comment Share on other sites More sharing options...
OB2 Posted June 16, 2006 Share Posted June 16, 2006 granted every time I start accounts with any companies, it was on behalf of the the theatre company, which proabably made it easier... Link to comment Share on other sites More sharing options...
bruce Posted June 16, 2006 Share Posted June 16, 2006 Slightly :), one of my colleagues was buying a load of building materials - sand, cement, paving slabs etc - from B&Q warehouse. They were going to charge him a substantial delivery charge. He asked the guy at the counter if there was any way to reduce the charge? "Yes, open a trade account. That way you get free delivery, and 30 days credit." "What references do I need?" he asked? "Just print us off a letterhead"..... Link to comment Share on other sites More sharing options...
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