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Business credit is big business, and if you are a business owner you are a sitting duck for scams that can cost you a small fortune. I have heard from entrepreneurs all across the country who have paid hundreds, even thousands, of dollars for so-called business credit services that were basically worthless.
I’m a stickler for detail. So when I was putting together the Business Credit Success program, I scoured the Web and bought everything there was out there on building business credit. I even spent $800 on one kit! But it was overhyped, practically worthless junk. That’s why I want to make sure what I give you includes the best strategies used to build business credit available anywhere.
Scams you want to avoid when building business credit:
"You can use business credit instead of personal credit if your credit is ruined."
These credit repair companies actually tell you to go out and get an Employer Identification Number to replace your Social Security Number, and use it to establish a business credit rating. This scam is so common that even the Federal Trade Commission warns against it. Don’t fall for it!
"You can build business credit overnight."
Don’t be misled by those companies that tell you they can get you a great business credit profile in just a few weeks or months from scratch. Building a business credit profile is just like building a personal one. There are steps you must take, and it takes time. But we will show you every strategy we know to shorten the process as much as possible. While you’re building your business credit rating, you’ll be getting credit, using it, and increasing your credit lines. We recommend you start now before you need money fast!
"You can buy a good business credit rating."
Whatever you do, don't buy an unknown aged corporation to get credit. It's a lousy investment. Here's what happened to one of my colleagues recently: He was approached at a business convention by a company that told him they could help him establish a business credit rating immediately -- and it would give him $150,000 in unsecured credit guaranteed. How? He'd have to fork over $25,000 for an 'aged corporation' (one that has been in business for a while but isn't currently being used). My colleague said, "Let me have the company's name and D-U-N-S® number (which you'll learn more about in my program) so I can check it out". The scamster said, "We don't work like that."
Fortunately, my colleague wisely said “No Thanks.” But you can bet there were others out there who were willing to pay to get credit, without knowing what they were getting.
Our programs are designed to provide you with legitimate strategies for building business credit.
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