My Business Credit Journey to 1,000,000

Tradelines are typically seen as the key to fast credit to the majority of people’s eyes. And to an extent, this is correct. Tradelines, once they work, make your credit report(whether personal or business) appear like you have had years of great credit experience. On the personal side, the most that can occur is that they lock your credit for 30-60 days and then the tradeline drops off. On the business side though, a business credit tradeline can be the end of your business credit report, PERIOD.

As soon as DnB suspects that you have used a tradeline, they basically wipe your account clean, with no hopes of getting it back. There is no ‘fear credit act’ for business so there is nothing that can be done to get that business credit file back. You will basically have to start from scratch with a new business in order to build business credit.

When purchasing a business credit tradelines, I for myself only know a couple companies that actually deliver what they say, but scammers are not your only worry when it comes to business tradelines. The main issue is this; when a company delivers, they get tremendously popular in a matter of months, as this industry is not very large. This is where the problem starts. It is no secret that a lot of the people who want to purchase tradelines, simply want to defraud lenders of their credit. Once a tradeline company has sold tradelines to a number of customers who quickly default on accounts, DnB picks up the trend. Once that trend is picked up, all companies with a tradeline from that company; whether they too have defaulted or not; will be wiped clean. There is no getting around it. I have sold business tradelines in the past, but I do not like dealing with angry clients when things happen that are out of my control. I final note on business credit tradelines is this; buy them at your own risk. If you company is wiped clean, do not complain to the vendor because they cannot do anything. I will much quicker buy a Shelf Corp with established credit than to buy a business tradeline. You do not want to waste money, and more importantly, time when building business credit.

Marc.