Has anyone ever found a legitimate Business Credit Company in the State of Nevada

Question

Iâ€™m reading, researching; implement my
own business credit, so far

Every time I look up any Business Credit Companies
in Nevada their tons of complaints, lawsuits, and many ripe off claims

Especially in Henderson, Nevada

All aged shelf corporations are over prices and also seems to be a scam

Just my observations

Henderson , Nevada :
Tom Kish program, Corporate Credit Network
aka CCN or True Build,  Trent Lee and Chad Lee, etc

Anyone have any insight on legit Business CreditCompanies out there

Steve A. · Answer

Save your money and don't work with any of them.  If you are really anxious to spend money on this, pay me $1,500 cash and I will (1) personally fly to your location, (2) tell you to close your eyes and place your hands on the table, (3) take out a big hammer and smash your pinky finger, and (4) tell you "sorry I can't get you any cash business credit".

This "program" will speed up the pain and suffering you will go through rather than getting a run around for months, if not years working with any business credit building companies to get the same result I got you in 15 seconds (hey, I think I have a new business idea!)

Anyways.... I talked with Trent and Chad Lee a couple years ago, and I know someone that spent a year paying them to get trade accounts that I was able to get on my own within a few months.  They never got a dollar of cash credit.

I know several acquaintances that have used several different business credit building companies and it is always the same result.  Wasted money and time.

I can tell you in this credit climate don't believe anyone if they tell you they can get you any cash credit if you just pay them "x" amount of dollars for their program.  Even if you have great personal credit scores, strong personal financials, strong business plan and experience, you are in for a serious of disappointments trying to get a large amount of business credit from financial institutions.  So much so that my original offer will start to look more and more like a great deal.

I can email you a business credit building walk through that you can establish your own credit profiles for the three business credit bureaus, obtain an 80 paydex, and get some small gas cards, office supply cards, etc. (unless you want to pay me that $1,500 to enroll in my program that is "guaranteed" to leave you in a state of shock from my quick results)

Steve A. · Answer

I sent you your email to get you started in the right direction.

Vikram,
Before the economic meltdown, there were a couple companies out there that were able to take a shelf company and build business credit accounts with no personal guarantees attached.  They could establish different vendor credit lines to build a strong company credit profile.  They would then apply to banks and were able to get several small LOCs without personal guarantees.

Companies soon popped up that would advertise "150k Business LOCs with no personal guarantees".

Fast forward to today.... There are some companies out there saying they can get you business credit through following their credit building program.  Most of them tell you that your personal credit scores don't matter up front, that they can raise enough money through business credit to fix your personal credit and eventually get you that $150k/$5M/$100B that your business desperately needs.  If you need big money they will try to sell you about buying a 20 year old shelf corp for $15k, etc.  All you have to do to get started is buy an aged corp from them for $2k-$15k, and then pay for their program for $500-$2,000 up front, and pay monthly fees of $60-$200 to have access to a credit coach that shows you each step of the way.

Whenever the client says they are getting tired of flushing their money down the toilet their credit coach will dangle the carrot out there saying next month your business credit profile will be strong enough that we can apply to this phantom bank that only we know about, and they will fund you whatever you need.

Sooner or later clients realize they were being sold a dream, and have to move on after having spent several thousands of dollars after months of anticipation, only obtaining some gas cards, office store cards, etc.(if they were lucky).

That is where my $1,500 "program" can look like a real deal....lol

Tammy R. · Answer

IT is free to get your DUNS number: https://eupdate.dnb.com/requestoptions.asp (if you already have your business set up, whether its an LLC, S corp, C corp, LP, etc.-set that up 1st)

From there are 2 books to get that have really helped me! The first is just a review of everything youâ€™ll need to do and doesnâ€™t tell you how to do it, but itâ€™s a great summary and only takes about an hour to read. http://www.amazon.com/Unlimited-Business-Financing-business-personal/dp/... ($12) Then, this book shows you everything you need to do to actually do it without hiring a company and paying them $1000s of dollars, and includes vendors and companies that automatically report to the DNB. http://www.amazon.com/Principles-Building-Business-Credit-Roussell/dp/09... ($34) (Its also available on Kindle, if you have that). Do what it tells you to do! Pay your bills on time or early.

Then, start really working on writing your business plan; youâ€™ll need it in about 4 months if you follow the steps in the main book.  :lol:

I will say most of my credit so far is in the form of credit cards; but who couldn't use an extra $25K credit line?

Bryan Hancock · Answer

Eh...Not in all cases.  I think there are some legitimate programs out there just like there are some legitimate REI programs.  The trouble in the industry is the same as it is in the "guru" industry.  It is hard to distinguish the quacks from the studs.

Vicki Cox · Answer

No Vikram, you are not missing anything. You are talking about the regular normal building of business (or even personal) credit.

There are numerous "companies" that claim, for a hefty fee, they can get you lots of business credit using their "inside" sources.

;-)

Bryan Hancock · Answer

Yes Vikram...it is the same as establishing credit for your business.  Small trade lines and credit cards are where people start.  It is the same as starting a personal credit history....it takes time.

If you have Vikram's balance sheet and personally guarantee debt for the business you will be fine.  If you are a mere mortal it is basically a complete and utter waste of time.  Working with small, regional banks is a much better use of time.

There is actually a lot to it if you get in the weeds Vikram.  There are companies that specialize in "optimizing" your profile so that you can get cheaper lines.  I keep track of my score monthly and I am currently at 260 out of a possible 314 points for the optimization score.  If I could get the credit bureaus to do what they are supposed to do I could get 10 more points.  If I wanted to take out a car loan I could get 2 more points.  If my net worth was $500k more I could get 2 more points.  The rest of the delta is based on my company financials....I work on those every month ;-)

Jean Norton · Answer

Legitimate | Credit card company?
Sounds like an oxymoron to me.

Rudy Butler · Answer

I get Tom Kish's Emails like every day he claims to have a live show were he will basically do the same thing you said. "show you all these hidden tricks to get Millions in LOC from banks and just write the check to your self , invest 80% and use the other 20% to pay the loan back...LOL  This course is $1497 plus $97 a month for the coaching...what a joke

Dan Weissmann · Answer

Steve,

I would certainly like to see your information. I've been dealing with D&B and Experian, but am not aware of any others.

R Jenkins joshua · Answer

Thaxs again Mr Arave

You're correct Mr Hancock 
- " It is hard to distinguish the
 quacks from the studs. " -

Have a nice week

Has anyone ever found a legitimate Business Credit Company in the State of Nevada

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