The issue of stated incomes comes up with both the Banks and the Business Credit Bureaus and many of you guys have asked questions about this so I though I would go through a few issues that may arise from stated income applications. The ethics of you stating a different number on the application than [...]
We went through a bit about Business Credit Cards with a PG and the long and short of it was that Business Credit Cards can be heavily waited on your personal scores. Business Cash Lines of Credit are a bit different. First of all, for those of you who do not know, business credit cards [...]
I had a client of whom I was building business credit for and he was using a CPN. I only found out after we started the process and when we were going to PG and account, I told him that we will have to pull his credit so that I can tell him if it [...]
Ok, This is not a normal scenario. I applied for a staples account for a 1 month old corp . The app was done online. I claimed that I was a 3 year old corp(if asked i will say we were just inc’d but i was a sole prop before) and we did 700k in [...]
I have started a new category on the blog called “Approvals”. This will be where we will post all our approvals that I get for my businesses as well as my clients businesses. I will post the corporation, the type of credit, the size of the lines and the stats on the company that we [...]
My must apologize for being missing in action. I been been traveling and I had some emergancies come up but mike is back. – mike
I have been putting a considerable amount of time into this blog with 0 ad-revenue and people keep asking why I do this. And a response like the one below is what keeps me going: I can’t believe after attempting to get business credit with several different scammers and getting nothing that it could be [...]
I was speaking to an old lawyer friend of mine about the whole business credit thing and he too said that one temporary solution to bad credit is building business credit. Although he did agree that companies are getting a little tighter in their lending, it is still possible. One example that he brought up [...]
