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Thursday, May 19, 2011

BBB

BBB or the Better Business Bureau is a company that rates other companies. One might think that if a company has a good rating such as an A, it is a reputable company, and if a company has a bad rating such as an F, then you could probably find another company to give your money to, however, that is not always true.

BBB is a paid for service. To be a BBB accredited business, a company must pay a membership fee. Once that membership fee is paid, it does not matter how many complaints the business could have, as long as the business responds to each complaint, then the problems are seen as solved. Only unsolved problems significantly affect a business' rating. Your business could have one negative complaint, however, because your business does not pay membership fees to the BBB, it will not be able to respond to that complaint and the BBB rating could drop straight to an F.

Therefore, be wary of BBB accredited businesses, they are not always what they seem. A better way to find out more about the business is to research the business online and to find reviews about the business (or individual) with which you will do transactions.

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