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Trade lines
MillsFootwear
subscriber Posts: 3
has anyone one used some of these trade line companys out there? What was your experience? I dont know about pay 1k to someone who says they can build your credit . any feedback would be helpful.
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has anyone one used some of these trade line company`s out there? What was your experience? I don`t know about pay 1k to someone who says they can build your credit . any feedback would be helpful.
Just a couple of quick things: 1. While there are some (few) companies that can really "help" a company establish credit - I don`t think it is reasonable to expect them to perform miracles. For example, if one`s personal credit will not allow for a loan of $20,000 - I would not expect to be get a $50,000 loan for a brand new company in a few weeks. 2. This may not be the best way to finance growth. How much capital are you seeking and for what purpose?
You are spot on when it comes to applying for trade credit . Anyone wishing to obtain trade credit should apply to what she has listed there... Althought I went about it on me own it did work out , it seems that Lisa and I were both on the same track when it came to acheiving the trades.... Again , anyone wishing to start I`d copy what LisaPR has typed in her box.
Myself I go under Caj Corp ....dealings in owing rental properties. I corp. in August of 07 .
Did apply to the B 2 B .. But I saw much work on me own . And when the time arrives that you need to reach cash monie then I`d say look into one of the programs they have on line , Of building business credit ... best of luck to all ..... One more thing when you have an 80 paydex ......Apply for Dell Im sure they will start you off with a nice size limit . More over , Tiger direct is another good trade credit....
Caj Corp.RB
exit4me1/10/2008 1:32 PM
Say were you telling me about having information of the trade line ?
As for my self , I corp. InJuly 2007 , Since then , the only help I been with is B2B .
There are very helpful when it comes to the trade lines , they aquire 2 trade lines a month .
They could do more but they the Reps are dealing with 80 + clients , So for that reason I did a bit of research on me own , and took it upon my self to get all the trades I can apply too !
Since July with b2b all I got was three trade , I have 13 trades I got on my own. The thing is that .You need to , after you get your Duns # which is for free, Having a Duns number will only state in your file as incomplete, Well thats were the purchase for the credit builder from D&B is a good thing to have , Cos not only will you have an 80 paydex, but at the same time with the purchase of the D&B credit builder they will allow you to add 5 trades and they will look into them before they report. .... So if you are sorted with that , you can get lots of trades and have them added to your D&B on your own.....Just by calling them... without that credit builder from D&B your creditors will always have to read a imcomplete file on you and that wont help matters any ..... If that helped let me know..........After all that , you still can buy into having more trde lines added to you D&B file......The rest takes time .......Lots of luck..!
exit4me1/12/2008 10:13 PM
Generally, business credit is established over time by demonstrating that the company can and will pay it`s creditors.
What are you trying to accomplish?