Home: Message List - Want to build business credit, STAPLES turned me down

Re: Want to build business credit, STAPLES turned me down

BizSolutions — Wed, 06 May 2009 18:22:43 GMT

I can offer some suggestions for you. Please email me at Monique@accuratefinancial.info

Re: Want to build business credit, STAPLES turned me down

mike2all — Sun, 03 May 2009 01:37:09 GMT

i can help (coach) anyone build business credit for their business w/tax id only....building credit for a business is like climbing a flight of stairs....you have to walk up the steps until you get to the top floor (bank financing).....it sounds like the person that started this thread tried to take the elevator insted of using the stairs...BUT IF YOU WANT TO BUILD GOOD BUSINESS CREDIT WITH THE SAME TAX ID NUMBER...STOP USING THAT TAX ID NUMBER TO APPLY FOR BUSINESS CREDIT ......UNLESS YOU ARE WILLING TO TAKE THE PROCESS ONE STEP AT A TIME FROM THE GROUND....if you want my help (credit coaching) .....i wont charge you 2500......email me at mhardnett@titanicmgmt.com for pricing...

Re: Want to build business credit, STAPLES turned me down

ONE.COMPANY — Tue, 31 Mar 2009 14:33:25 GMT

There was a time when Staples/Citibank issued a business line of credit with just a EIN/TAX ID, corporation documents, business documents and a business contact number. With the "credit crunch" they have tightened the criteria. Now, if you apply for their business line of credit, you will have to have a few trade lines or accounts reporting on your business credit profile with Dun and Bradstreet or Experian. The best way for you to establish your business credit profile is with "net accounts" that report to Experian and/or Dun and Bradstreet. Although at times Citibank utilizes Dun and Bradstreet, Experian has more weight though when it comes to them running a business credit check.

Depending on your business position, you may or may not want to fork over few hundred dollars for a credit builder program. In many instances, a basic profile with tradelines can be accomplished on your own. And if you are a business owner, then it should not be too difficult.

There is a guide available that can assist you in establishing your business credit profile for less than most "value meals". Email me if you would like some more specifics or download the guide.

Email - contact@cardaspublishing.com
Website - www.cardaspublishing.com

Re: Want to build business credit, STAPLES turned me down

ONE.COMPANY — Tue, 31 Mar 2009 15:08:13 GMT

If you would like a guide on how you can establish business credit on your own go to this website:

www.cardaspublishing.com

Re: Want to build business credit, STAPLES turned me down

ONE.COMPANY — Tue, 31 Mar 2009 14:43:30 GMT

Corporations, LLCs are the ideal way to begin establishing a separate business credit profile. And even in todays economy there are companies that are willing to extend a few hundred dollars worth of trade credit. But your "paperwork" must be in order. At less than a year old, your company can begin the process of establishing business credit. Patience is a key point here also. It is going to take time to establish your basic foundation for business credit. Done properly yu can probably have a few tradelines reporting within 2 to 5 months. Just having a Duns number won't help. You need trade accounts reporting. And when you do have a few reporting, at a certain level, you will not have to personally guarantee certain tradelines.

Re: Want to build business credit, STAPLES turned me down

token88 — Tue, 31 Mar 2009 14:19:19 GMT

LLCs are relatively new and that is why when someone applies for credit they are turned down. My friend had the same problem with his LLC as well. if you are looking for help email me at alexmartinez.1@netzero.net

Re: Want to build business credit, STAPLES turned me down

sharonvt55 — Tue, 31 Mar 2009 13:27:24 GMT

As a new business Staples also turned me down. And I do have and Duns number. It didn't seem to help. I didn't want to do a personal guarantee. That's why I'm a LLC to not have to do that. Your thoughts?

Re: Want to build business credit, STAPLES turned me down

ilyab0dner — Sun, 29 Mar 2009 22:49:46 GMT

Try another company to start with. Here is some info about business credit cards that you all may have already heard about....

A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.However, some companies out there offer "business" credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts - you are.When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business' credit, while avoiding creating problems with your own.

Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for "strong business credit" (just like that in quotes) to find services that sell the information.

Good luck,

Ilya Bodner

Small Business Owner

Initial Underwriting Group

Re: Want to build business credit, STAPLES turned me down

jdizon — Thu, 19 Mar 2009 06:09:55 GMT

Roland, We are in tough times. Even American Express is giving rewards to cardholders who cancel their cards with them.

MerchantAccountsLLC[.]com

Re: Want to build business credit, STAPLES turned me down

arttown — Tue, 17 Mar 2009 16:27:44 GMT

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