My Business Credit Journey to 1,000,000

Hello Everyone,

Let me start off by saying, I think this site is a great resource to effectively build business credit and I’m glad to be able to share my progress/mistakes/failures/successes and help anyone that may have been in my shoes…  Mike was nice enough to choose my business for one of the 5 case studies to track my credit building process after i called and emailed him like a maniac…. Thanks Mike

I wanted to introduce myself and get everyone familiar with my business credit, where i am currently personal credit and business credit wise and also give everyone an idea of my goals during this process.

As far as I know, and keep in mind I haven’t seen my dnb file or even no how to order/read one yet…

Where I am now…

I should have 2 Net 30 accounts showing(Quill, Bags&Bows) that were really easy to get with the order of some useless doodads.. and 1 Cablevision Business phone line. I tried for a Staples account after these 2 but got shutdown with the quickness(they wanted a PG)…gonna get some more net 30s and then show them who’s boss

Today I ordered from Nebs, Reliable, Grainger, and Rapid Forms to round out my paydex package -

I’m going to be working with Mike on the personal credit repair service as well so perhaps it would make sense to bare all and let you guys know where I am now and we can track my progress together…

Keep in mind with personal credit there are a number of different scoring models ie: (fico scores, plus scores, transunion scores etc.) I’ll always make sure to specify which one i am referring to as they are all different.

Luckily for you guys I happened to pull all three today and have the latest figures….brace yourselves they’re pretty bad…

Fico Score – Equifax 578

Transunion Scores- Equifax 580, Transunion 584, Experian 550

Plus Scores -Equifax 561, Transunion 673, Experian 641

Currently no business or personal credit of any kind

Where I am gearing up to be….

Personal Fico Scores – Greater than 720

Business Credit Lines of about 200k

Trade Credit Lines – Enough to run the business( no need for too much of this )

Wish me luck everyone – I’m sure I’ll need it!!!!!!

Thanks for reading – Let me know your thoughts or any comments you may have

Jerry