So many people who hire business credit building companies are unhappy with the results. Before choosing another company, ask these questions. Then you can be assured it is a legitimate company who can help you build business credit. Why is it so important to work with knowledgeable advisors? Why can’t you do it on your own? The Fair Credit Reporting Act does not apply to the business credit bureaus. This means if you make a mistake, skip a step, or try and take a short cut, your business credit file can be red flagged. This means your company is prohibited from receiving credit.
There is a proven step by step process you MUST follow if you plan on properly building your business credit. If you don’t follow the proven process then you can be put into the High risk category. If this happens, no lending institution will lend your business money and there is nothing you can do to remove it. Make sure to choose an honest credit building company with the knowledge, experience and proven systems to support you. Before you decide which company to work with, make sure to ask them these 5 vital questions.
5 VITAL QUESTIONS YOU MUST ASK YOURSELF BEFORE WORKING WITH ANY
BUSINESS CREDIT BUILDING COMPANY
Will I Get Only Trade Credit or
Be careful, there are a number of companies which
only help you get trade credit. You can only use trade
credit with the individual creditor, and nowhere else.
This is great if you need $3,000 of paper products. But
is useless if you need money to invest, cover business
expenses or expand your company.
But for CASH credit, do you always have to personally
guarantee the application?
If the company claims you must always personally guarantee all types of credit, then you are NOT receiving the full benefit of business credit. Keep in mind, our
solution introduces you to lenders who do not require a personal guarantee.
But these vendors still check your personal credit and need your Social Security
Number. They do this to stay in banking compliance.
Will a Trained Coach Show Me, Step
by Step, How to Incorporate my Business and
Build Business Credit?
Our guess is if you wanted to figure out the intricacies
of Incorporating your business, and building corporate
credit on your own, you would already done so. We've done it. And believe us – this is NOT stuff you want to
muddle through on your own.
So, if you won’t get step by step instructions supported
by a trained credit coach, resulting in a predicable
successful outcome, call another company. We spell out each step in our proven
system for revolving credit cards without a personal guarantee. And we do it in
crystal clear detail.
If I Get Stuck, Do I Have to Pay You Hundreds
or Even Thousands to Help me Figure it Out?
Many companies charge low fees up front and then tack on heavy, additional
charges each time you call or write for help.
Not us! We deliver everything you need to know to get business credit without
a personal guarantee. You have access to a dedicated coaching advisor. There
are no limits on how often you can speak with them.
When it Comes Time to Apply for
Financing, Are You Going to Pass Me Off from
Lender to Lender?
This is another very important question. Virtually every other credit building company will, when it is time to apply for financing, pass you off to one lender
to apply. And they will then tell you to apply at the next lender and so on. They
send you on a wild goose chase and hope one of the lenders can get financing
for you. Does this sound like something a real business credit and financing
expert would do?
We don’t! In fact, we are the ONLY company with multiple business lending
programs programmed into our Business Credit Builder. We know each lender’s
underwriting criteria. Finance officers pre-qualify based off of the clients need
and access where to send the file to. Sometimes you’re reviewed by multiple
lenders in order to get the best rate, term possible.
Once a client provides their credit report to us, we will review it with them and
advise if they are ready to move to the next Step/Tier and go over accounts in
that Step/Tier. Then we direct you to view the Learn more section and apply
yourself with that vendor account.
What Kind of a Guarantee
Do You Offer?
It’s critical to get the specifics about guarantees. This
is because most companies offering guarantees only
promise an 80+ PAYDEX score for your corporation.
While this is a start, it’s not good enough.
If after completing our Business Credit Builder
Program, you are not fully satisfied and/or have not
gotten the following, we will extend your coaching
program and access to the Business Credit Development Platform for up to an
additional 12 months at no added subscription cost.
1. Corporate compliance and documentation review
2. D&B file and a D&B rating
3. D&B PAYDEX Score
4. Business credit file with Corporate Experian with Intelliscore
5. Business credit file with Business Equifax with the appropriate business
6. Trade accounts and/or Vendor accounts with and without a
7. A Business Credit Asset™ that can be used to
leverage financing opportunities the questions
entrepreneurs should ask when it comes to
building corporate credit. But if you address
these costly and dangerous errors, you will
be on your way to building a safe, secure, and
financially sound business—the business you
always dreamed of.
CLICK BELOW TO JUMPSTART YOUR BUSINESS CREDIT