Today I was looking at my traffic and where some readers came from and so on and I saw that someone kept search for “shelf corp for $2500? or something to that effect. I went to google with the same search to see what page I was on in google for that search term as well as who else was showing up in google for the business credit kind of searches.

In looking at google I saw these guys, shelfcorpking.com. The claims are REDICULOUS to say the least… They start of relatively normal, talking about selling shelf corporations with 6 tradelines and paydex and what not. Then this is where things get fishy. They claim that all corporations will have a $250,000 to $6000000 line of credit to use. Not $1,000,000, that most self respecting scammers will claim. These guys have gone way out there with there claims.

So after they talk about a lot of mombo jombo and their wonderful companies and bla bla bla, then they go into a song and dance about the fact that everything is done in house. This can mean many things, but as I read further through the website, the about US claims that they have investors waiting to invest and thats why they fill the gab that banks can’t fill with respect to lending..

So basically you buy a corp with the bells and whistles, then “investors” connected to them will left you 250K – 6M with an 80 paydex? LOL..who the hell are these guys trying to fool…I am going to call them when I get a chance and ask them for a corp upfront and tell them that I will pay their fees out of the line of credit…let’s see how that gos….

Marc

One of my readers brought to my attention that businesscreditmagic.com is connected with EZ unsecured. We also noticed that EZunsecured has an F with BBB. What does that tell us? I also hate the fact that Business credit magic is called “Business Credit MAGIC”. Business credit is not magic and should nto be marketed as such. This is one of the fundamental problems with this industry. I have clients emailing me on a daily basis about getting them 100K in 30 days. It is nto goin gto happen with no PG. Any anyone who is telling you that it will is running a scam.

I also had the pleasure of chatting with someone who went through business credit magic and they stated a number of things. The first complaint was that they took to long. Business credit does take time to build but some of these companies are simply trying to stretch the time out. I cannot recommend them. I have been negotiating with a current company about using their service directly on my blog and they have proven themselves thus far. I will be introducing them in the next couple of days.

Also, Shelf Corps Secrets IS COMING. It has been a couple of days getting this done.

marc

They will start out offering $199 down and $299/month for six months, but will negotiate and drop the price to $199 down and $200/month for five months.

One downfall is that they pretty much end their program after getting you a Paydex score. They don’t address the other credit bureaus, get you into the ratings system, or do any advanced credit building. They don’t address or help getting cash credit.

Average Cost:

Average Cost: $1,199 – $1,694 Payment method: $199 up front and $200-299 per month They do NOT have “back end fees” As with most programs, the business owner still has to take the time to personally purchase items.

- mike

- mike

The website is Brilliant Business Borrowing but the name of the book is Rich Mans Borrowing book. The book is full of fluff. 125 pages of it. There is some useful information. Much of it describes what DnB is and what various things are but the sad thing is that they do not say , “do this, then that then that”. When you are finished with the book you will sought of understand the general idea of business credit but not what to do. I read through it once and it does not have one bloody account in it. It describes what a net 30 accounts it but does not provide any. It’s amazing how many pages were on there.

- mike

Business Credit Makeover

https://www.creditmakeover.biz

Cost: $399

The program for the Business Credit Extreme Makeover is pretty straightforward. They operate under an 11 step program that is designed to help take you from the start up phase to getting large cash lines for your business. After you pay, you are given a user id and a password to the website and from there you are expected to use the information they provide you to build up your business credit, ON YOUR OWN. They show you how to begin the process beginning at many different stages, from never doing any business under an LLC or Corporation all the way to a business that has been organized and in existence for multiple years. They will give you the steps to go through as you begin and or continue your quest for the desirable business credit accounts and cash lines.

Honestly for $399 this is not a bad program by any means. It is very simple and gives you good visual aids throughout the program. However, it is a do it yourself process. All the info in the program can be discovered by doing basic research, either on this blog, on the internet, or through trial and error. I have had very little success with the support on this program. I can never seem to get in touch with the right person, and they are very slow in their response time, that is, if they even respond at all. After you complete all the steps, there is not much more information to work with, which is what I had to deal with. I paid for the service almost a year ago and there have not been any updates to the program, even though as many of you know, the credit world changes EVERY SINGLE DAY. We have to always be on our feet and ready to adapt to any changes that are thrown our way.

Recommendation: I would say for someone that is just getting started and wants to build business credit on their own, but without doing any research, this would be a product worth spending the $399. Now keep in mind that if spending the $399 is going to stretch you out, then, doing the research on your own would be my suggestion. Please keep in mind that $399 is just for the access to information, you will have to come out of pocket just like you would building business credit on your own for things such as your filing fees and your net 30 orders etc.

Rob

The Perfect alternative is MY BOOK. The BUSINESS CREDIT BIBLE. I know this may seem like a biased review but I have read both of them(lol) and I assure you that the BCB has more information for less money.

mike

- mike

The Perfect alternative is MY BOOK. The BUSINESS CREDIT BIBLE. I know this may seem like a biased review but I have read both of them(lol) and I assure you that the BCB has more information for less money.

mike