Sep 04 '09, 09:01 PMHey Everyone,
This week I came across two websites on building business credit line and using an authorized user. Not trying to promote any of their products but I need your opinions or have any of you heard this before, use them before, or where to direct/referral if you have a good company that you are using.
Right now my husband and I are trying to build a business line of credit for our company (see my signature below) but it takes so long especially when you have bad personal fico scores and trying to do without the PG. We are still in tier 1 where we're ordering products from these 5 tradelines. Two weeks ago I went into DnB, and my paydex score hasn't shown up yet. Right now my budget is very limited because there are times you have to skip ordering every month. The highest we could spend is $30-$100 for each trade lines.
However, I'm found him through Googling, I talked to this guy in Atlanta, GA, he said the business credit line builder is based in San Bernardo, CA.
(Don't know if Josh D. would allow this but I am going to paste the info on here). If he needs to deleted, then it's fine. In case he deleted PM me.
:roll: Min. $350,000 TO $650,000
Guaranteed Funding Within 8 to 10 Weeks. (Paypal 100% accepted)
No Personal Guarantees & No Personal Credit !
We Do It All For You !!
We Build a Strong Business Credit Profile On a
5 Years Old Corporation For You, With Everthing
That A Bank Requires In Today's Credit Crunch
Market To Get Funded. We Then Guarantee You
a Busuiness (Cash) Line Of Credit, Min. $350K To
$650K In 8 to 10 Weeks.
We do this Without you signing a personal guarantee and without
affecting your personal credit or FICO score. Your Credit is NOT a
factor for this process and it does not matter if you have a good or
bad credit !
Please Read The Following Very Carefully:
In today's tough economy where money is hard to find for any purpose,
specially if you go to any bank on your own for Business funding, it is like
trying to land a spacecraft on Mars which you have just built in your own
garage. That will never happen. We created a very successful alternative
3 years ago and perfected it to fit the today's financial situation in the country.
Our "proprietary technique" of obtaining the Business Line of Credit(s) is what
makes Credit Management Group 99.99% successful in acquiring
the desired financing for our clients.
The WAY Corporation & Its Credits Are Structured is EVERYTHING.
If it is not properly structured it will not get funded by the bank(s).
How would you like to receive everything in a complete package, wiith
attached line of credit worth hundreds of thousands of dollars? Well,
that is what we will do for you! In approximately 8 to 10 weeks your
corporate package will be ready with lines of credit attached as promised.
Please Read Further, Very Important:
There is no need for you to find a guarantor. Once your corporate structure and
its trade lines are built for you, we then attach our multi-million dollar Wall Street
firm on your corporation as 'Guarantor'. When funding is completed, we release
the 'guarantor' company after 90 days. Our clients have received as high as $1.5
million dollars in 8 weeks. We can easily obtain between a min. $350,000 to as
high as $2 million for you. But, due to the tough credit market these days, we
can only guarantee you a line of credit between $350,000 to $650,000
within 8 to 10 weeks.
Your Corporations will be 5 years old and will have 25 or more trade lines in excess
of over $4 Million in total reported accounts as Primary Business tradelines with zero
balance, complete financials and business plan with everything else that's required
by the banks to get immediate funding. We build a business with Verifiable Credit
backed by Actual Transactions, Invoices, Bank Statements and Tax Return.
The time line for building A++ credit on a 5 years old aged corporation is approximately
8 weeks. This is a Fast Track Program so you do not have to wait for years or even months
to get the money you are looking for.
Once the corporation and the trade lines are registered with Dun & Bradstreet and
reporting with all business credit bureaus, such as Experian Business, BizCredit USA,
Equifax Business, Payquo Score and Intelligent Score; it then usually takes about
2 weeks for the funding to complete. We do guarantee you min. $350K - $650K !
The corporation are our own corporation that we have built 5 years ago in different
states. As of July 21st, 2009, we have 12 of these corporations left in stock but
many more are maturing every week. We only use 5 years old corporation for this
process. Please check for inventory as it changes daily. The demand for this type
of corporations are very high. We suggest you make your reservation today!
How we manage this feat is our Proprietary Legal Information. We have been
building and obtaining Cash Line of Credits for businesses in hundreds of thousands,
even millions of dollars, on these types of corporations for years.
Our corporations and its credit are not cheap, because they achieve your goal of being
funded. If you were to buy this type of corporation on its own without the funding service
it will cost you over $45,000 each minimum. We however DO NOT charge you $45,000
upfront but only a Small Fee and you agree to pay us a percentage fee at the back end.
Have you ever heard the expression "It takes Money to Make Money?" Well,
there is a lot of reality to it and when it comes to creating corporate credit the
same is true! "IT TAKES MONEY TO CREATE REAL CREDIT" is so true and we
have the financial strength for the transactions that create credit. A well spent
dollar in developing credit can generate 50 to 100 times your expense in
obtaining one of these solid corporation with credit lines!
This process is really for those who DO NOT have the $45,000 to pay up front and
can not wait 5 to 10 years to go thru building up corporate credit on their own.
This Corporate Program will give you
Guaranteed Min. $350,000 to $650,000 in Bank Line Of Credit
With The Following:
1. A fully built 5 years old Corporation properly structured by our attorney
2. 25 to 35 + well established fully paid Business trade lines, totaling $4 Million or more
3. Complete Financials & Business Plan
4. Listing on Dunn & Bradstreet with 85+ PayDex Score
5. Business profile at all Business bureaus with A+ Rating
6. Last 2 years of valid Tax Returns (as required by funding institutions)
7. A multi million dollar Wall Street firm as a 'Guarantor'
8. Federal Employment ID Number (EIN)
9. A corporate kit (record book) which includes Stock certificates & Corporate Seal
10. Corporate address and phone number(s) listed with 411 directory
11. Your name on the corporation as CEO or President
12. Guaranteed Funding of $350K to $650K, (We Obtain The Funding For You)
13. Your name and signature on Line of Credit(s) as the ONLY Signee on the account
14. Free 'Foreign Filing' in your state of domicile, if and when needed
15. Free name change filing of your corporation (if needed) after you have received
the guaranteed Lines of Credit as promised.
Please understand, We are expediting a process for you in 45-60 days that would normally
take 5 -7 years to accomplish on your own.
THE PROCESS TO GET STARTED:
__Please Fill out the short info sheet from the Contact page and let us know of your needs.
__We will then contact you to discuss everything with you and answer your questions.
__We will then send you our Agreement for your review and authorization.
__We will have EVERYTHING, as described above, ready for you within 7 to 8 weeks.
__We will then submit your well completed Corporate Package to OUR SPECIFIC LENDER(S) for funding.
The entire process including funding is completed in approximately 8 to 10 weeks.
Min. Guaranteed Cash Line of Credit is $350K to a Max. of $650K
It cost us over $18,000 to build & package everything as described above.
Acquisition fee for this program is ONLY $7,975 + 8% Back End Fee
$7,975 Processing Fee + 8% of Funded (Amount at Back End.
(100% Money Back Guarantee)
VISA, MASTERCARD, American Express, Discover, Paypal, Accepted !
Need More Money? Purchase more than one.
Cost for Well built Corporation as stated above WITHOUT THE BACK END FEE is $30,000.
Delivery time 7 - 8 weeks.
If you would like to get started, or would like more
information, please send contact info and the best time to call. :roll:
Another company I talked to her she said it is legit to add a person as an authorized user. They will give you 4 cc and each cc is worth $50,000. You spend it wisely but need to pay back. Once you're done paying after 6 months, they will transfer the 4 cc into your company name. The fee is $5,500 and there's a back end fee 10%.
It's so tempting to do it but $5000-$8,000 up front fee is scary. Don't know if they're really going to perform. Can these company not charge any up front fee and just add that to the back end fee or charge an easy payment plan???
My Plans are:
A. Using Transactional Funding for quick and back to back closing if I have cash buyers or hard money buyers ready for closing.
B. If plan A doesn't work, I'm looking to use that HM to cash out, find buyer, and sell within 2-6 months by not rehabbing, still using the strategy buy low sell low to an end buyer.
C. If plan B doesn't work, then of course I will need to rehab and sell at retail price ASAP. I really don't like this because some times it is still hard to sell a residential home if it's listed over $100k with a done rehab property.
Only if the property is a high potential, then I will only use the hard money. I'm trying to stay away from HML as much as I can if plan A doesn't work out. Some of you might asked what about families, relatives, or etc., it's hard to ask them when they think you're crazy with this business.
If my credit wasn't horrible and knew this market was going to be like this and knew about the business line of credit before I got screwed, I would prefer using for a back up investing 100% and not being worried about using PM, HM, or even TF.
Sorry for the long post. Some of you may think, cheez, this woman needs to jump of a cliff. I just don't want to get scam, which I got scammed before. Like I said it's very tempting, but need other people's thought too. When my husband and I got scammed and we shared with my Uncle, he said how come we didn't share with him and he could off give us some opinion. We told him because we didn't want to bother him too much.
