Started building CREDIT for BIZ #2

[willretire@40]

I am going to show you how easy it is to build business credit. Follow this post and see how fast it happens. I only speak the truth. Only a few people that I know of has followed the plan that I posted in the other thread.

Started off on 7/1/07 with net 30 accounts.

Uline, Quill, Wearguard.

Stay tuned.

[Brianslawn]

if anyone has trouble building biz credit... theyre prolly not a real biz. all i got to do is call up and tell them how much credit i want. i get new cards with $20k limit all the time. all biz expenses get charged. balance is paid off each month. plain and simple. just got a couple cards i use. cancelled rest. use them till 0% interest expires, pay them off, cancell them. it helps even more when you accept cc's as payment for your services.

[grassmanak]

do you put your social security on any of your cards, i have been building my biz credit since febuary and have one card with 20K limit(dell) and the next highest is a key bank mastercard with 4K on it. I have never given any personal info on anything. I have 15TL roughly, just waiting for more to report.
THanks again Willretire@40

[willretire@40]

What is your highest reporting and what are your scores?

[grassmanak]

scores are
DNB-5TL 80 paydex
EXP-6TL 62 paydex

Dell is highest 20K

[cpel2004]

I guess WillRetire you got some "edu-ma-ka-ting" to do with Brian, but i think he might be stuck on himself a little

[bluflame1914]

what do I have to fill out to get LLC? was denied but called in and was given a number for my business without the LLC. she said call back when my articles come in or something like that. can this credit process be done with out incorporation or LLC?

[Garden Gate]

What is your highest reporting and what are your scores?

hey willretire@40 i have four on dnb and 80 paydex...i still cant get john deere ...what do you think is the deal........

[grassmanak]

john deere seems to be hard to get, you can see my scores above and they denied me as well. Get lesco if you havent already

[cpel2004]

Call JD ask them to speak with a underwriter, ask the underwriter why you were denied credit. Be firm but not rude, ask them what are their qualifications to obtain credit ask them alot of questions regarding your credit ie trade lines, yrs in business, dollar amt, income level etc. try to ask really specific questions.

[bluflame1914]

can I stay sole prop. and still get the credit oppurtunities.

[grassmanak]

yes you can but it is more limited,

[bluflame1914]

what do you mean more limited? what's the price for LLC? How much is a business license?

[PlatinumLandCon]

If you're in it for the long haul, go INC.

[kandklandscape]

biz lic. are diff state to state, llc and inc not sure if the rates are diff state to state either?

[DSTC]

biz lic. are diff state to state, llc and inc not sure if the rates are diff state to state either?

In GA, I think the rates are different from county to county as well.

[Grass Happens]

If you don't want to go through the hassle of doing corp. reports, and paying a lawyer every year to file stuff, LLC is the way to go. I know filing the reports isn't THAT hard, but honestly, do we really want more paper work? And I don't think many of us can or are planning on getting to Brickman size, so LLC should be more then sufficient.

[willretire@40]

Ok i have been slacking this time around. So far I have 2 reporting on DNB and nothing on Experian. The 2 reporting are just net 30's. I will give a new update in the next 3 days.

[cpel2004]

Willretire what happens when dnb locks your file. My file hasn't changed or been updated since June 14. In that time I have had several new TL report to Experian. What steps can I take to have DnB to unlock my file?

[grassmanak]

its probably not locked, they just arent updating for you, i bought a credit builder program from them, because i want to see if they are really legit. I recorded my phone conversation when i order it. My main questions were that i can turn anything in as a payment expierience for myself. (credit cards, net 30's, insurance, anything) Second was that trade tape items (self reporting things) will update weekly as well. She said yes to everything so we will see, ill give them a couple weeks, i turned in 14TL's so we will see how my report goes, if not, CHARGEBACK TIME

[Turf Troll]

you can be incorporated or do the LLC in Delaware through the state website and be your own agent so the cost is minimal and the rewards high ( low corporate tax rate) cost is low and easy to do.

http://www.corp.delaware.gov/


From their website.....
Why Choose Delaware as Your Corporate Home?

More than half a million business entities have their legal home in Delaware including more than 50% of all U.S. publicly-traded companies and 60% of the Fortune 500.

[PlatinumLandCon]

From their website.....
Why Choose Delaware as Your Corporate Home?

More than half a million business entities have their legal home in Delaware including more than 50% of all U.S. publicly-traded companies and 60% of the Fortune 500.

Why is that?

[Turf Troll]

It's all set up for the advantage of the corporations