Having bad credit isn’t just a problem when people are looking to borrow money. It can also get in the way when they’re looking for a bank account: if someone’s credit rating isn’t what it could (or should) be, they may find that opening a standard bank account just isn’t an option. Which doesn’t mean [...]
I was talking to an friend and long time reader of my blog, Damian, and he was telling me about his experience he had recently with building business credit and I think that all of us can learn from him. He hit a bump in the road and I figured out how to get over [...]
Filed under Business Credit, Resources Leave a Comment Leaseback options have always existed but we are now seeing them showing up more and more in the business credit arena. A leaseback option is typically where the owner of a property(real estate, equipment ect.) sells the property, and leases it back from the buyer. Some leaseback [...]
We all recognize that business credit is quite difficult to get, and the distinctive companies that we use to dependon;staples, office depot, sears; are harder to obtain than they were a few months in the past. Here at Mybusinesscreditblog.com we are endlessly keeping shoulder to shoulder of what is going on in the business credit [...]
Let’s not lie, this have certainly changed in the past years in the business credit world, and keep changing with everything that is happening in the world. There has always been a debate on if Shelf Corporations are worth it and if you can start with a brand new corporation in order to successfully build [...]
Out of a doubt Business Credit has gotten tighter in the past 2 and a half years or so but it is estimated to be more accessible this 2011. The 4th quarter of 2010 showed a 83% boost on credit application offers (those pre-approval letters you get in the mail..and this was both business and [...]
Ok, So the second step is here. We now have a Texas corporation and I applied for the DUNS number online and got it in 24 hours. I next went to vumber.com and got me a virtual number for the corp with the right area code for the city it is in. I then went [...]
I wrote a couple weeks ago that I will be starting to build business credit from scratch and I will be starting today. So the first corp we will be working on is a texas corp. I will be incorporating the business entity today. This should take 24-72 hours. Once that is done I will [...]
