 | 
04-29-2008, 01:14 AM
|
#1 | | HONORED GUEST
Join Date: Nov 2006
Posts: 296
|
1) You're going to need a 680 min. for any real lines outside of Net 30's,
2) Duns and Bradstreet is not worth paying. Get a few Net 30's such as Uline, Nebs, Reliable, etc., and pay early. You'll self populate a file and get a 80. Even then, it's used to a marginal extent. Personal scores rule the day.
3) Once you get a 680 personal score, get some business credit cards and build an Intelliscore with Experian Smart Biz Reports. A lot of folks pull them.
4) Don't fall for the ads that say we can do this that and the other without a personal score and you don't need a PG. They're lies.
5) Most important, work on your personal scores. When they get there, get an EIN and go for biz credit (if you have a biz). You don't need an LLC, S or C corp to secure biz credit or even lines of credit. The 680 is the most important thing.
Any other propaganda is a scam . . .
__________________ http://www.apexcreditservices.com
No part of the post above or anything posted by us herein is to be considered legal advice. If you seek legal advice, contact a licensed attorney within your jurisdiction. No part of our website link, including clicking upon it, constitutes an offer of any kind or an advertisement to seek an agreement of any kind. Its placement here is for informational purposes exclusively.
| 
|  | | | |
04-30-2008, 12:49 PM
|
#2 | | New Member
Join Date: Apr 2008
Posts: 2
|
I agree, with you, it is very difficult to get anything without a personal guarantee untill you have established your business credit for at least 3 years- other than that it is tough.
Cameron
Last edited by roybean; 04-30-2008 at 02:20 PM.
| |
| | | | |
04-30-2008, 01:04 PM
|
#3 | | If You Do Not Like It, Kiss My...
Join Date: Nov 2004
Posts: 5,754
|
Die Spammer Die!
| |
| | | | |
04-30-2008, 01:38 PM
|
#4 | | New Member
Join Date: Apr 2008
Posts: 2
| Quote:
Originally Posted by jlynn  Die Spammer Die! | well well aren't we awefully fussy today- someone make you upset? I am here to try and help - not sell anything
| |
| | | | |
04-30-2008, 03:04 PM
|
#5 | | If You Do Not Like It, Kiss My...
Join Date: Nov 2004
Posts: 5,754
| Quote:
Originally Posted by cameroncreditguy well well aren't we awefully fussy today- someone make you upset? I am here to try and help - not sell anything | I'm fussy every day when someone's first post includes a link to their website. I'm sure you won't mind if I post a link to my income producing site on your website. I don't imagine I really need to ask your permission, it should simply be OK, right? - Free of charge of course.
| |
| | | | |
04-30-2008, 03:45 PM
|
#6 | | Elite Member
Join Date: Jul 2006 Location: In the land of reality
Posts: 861
| Quote:
Originally Posted by jlynn I'm fussy every day when someone's first post includes a link to their website. I'm sure you won't mind if I post a link to my income producing site on your website. I don't imagine I really need to ask your permission, it should simply be OK, right? - Free of charge of course. | Hannah asked me to link to this website for her business: www.Ibuyandsellweiners.com
__________________
About Drivel:
Occupation: De facto mod, slayer of Yahoo posts
Location: The land of reality
Interests: Watching television, movies and Roybean litigate
| |
| | | | |
04-30-2008, 03:54 PM
|
#7 | | If You Do Not Like It, Kiss My...
Join Date: Nov 2004
Posts: 5,754
| Quote:
Originally Posted by drivel | 
I've lost Hannah, I think she must really be in the Congo...
| |
| | | | |
05-03-2008, 02:16 AM
|
#8 | | HONORED GUEST
Join Date: Nov 2006
Posts: 296
|
Weiners . . . it's still funny to hear.
__________________ http://www.apexcreditservices.com
No part of the post above or anything posted by us herein is to be considered legal advice. If you seek legal advice, contact a licensed attorney within your jurisdiction. No part of our website link, including clicking upon it, constitutes an offer of any kind or an advertisement to seek an agreement of any kind. Its placement here is for informational purposes exclusively.
| |
| | | | |
05-30-2008, 03:00 PM
|
#9 | | New Member
Join Date: Apr 2008
Posts: 14
|
what about the company's that offer business tradelines? Or the ones where you can buy a 2+ yr old shelf corp? Would someone with around a 700 fico get a noticeable advantage if applying for the same business cards and LOCs than just starting from scratch..
thanks
| |
| | | | Re: Few tips for biz credit
|
06-06-2009, 03:05 AM
|
#10 | | New Member
Join Date: Jun 2009
Posts: 1
|
I strongly recommend that anybody who wants to run their own business take at least two, and possiblly three accounting/business courses. This allows you to look at your business in a way that lets you plan for things like getting credit and how you spend/earn your money.
\
| |
| | | | Re: Few tips for biz credit
|
06-08-2009, 02:21 AM
|
#11 | | Administrator
Join Date: Nov 2004 Location: Greater DC area
Posts: 7,697
|
Not only should you take accounting, but also finance, economics, and business law.
__________________
The answer is 42!!
| |
| | | | Re: Few tips for biz credit
|
06-21-2009, 11:14 AM
|
#12 | | New Member
Join Date: Jun 2009
Posts: 1
|
Business Credit isn't hard to obtain if your company is in compliance with what the credit card companies underwriters requires of the company. Some things that a company should have before you start applying for credit.
1. Business should be "INCORPORATED"
2. Business should have a Corporate Kit & Seal
3. Business needs "RESOLUTIONS" (For signing on behalf of company),(Attorney In Fact),(To Open Bank Account/s) and (Applying for credit for the company)
4. Business Should have a "EIN"
5. Business should have a Landline Phone Number...NO CELL PHONES.
6. Business number should be listed in 411
7. Business should have a completed D&B profile.
8. Business should have a 80 PAYDEX & RATING with D&B
9. Business should be listed with "EQUIFAX", "EXPERIAN","CREDIT.NET"
AND KROLL
This is just some of the things that a business needs in place before someone starts applying for any Major Credit Cards or Lines of Credit.
Once these things are in place the company with be in compliance with the underwriters check list.
F. Turner
Business Management Consultant
| |
| | | | | Thread Tools | Search this Thread | | | | 
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | | | |
