BostonTeaParty

I am in one of those credit building programs and they promise me $50,000 in corporate credit within 12 months if I follow their steps or my money back. Right now my LLC is only about six or seven months old and I have not made any money with my business since I set everything up to get business credit in order to buy a business. Without a personal guarantee is it possible to get this amount of corporate credit in the first 12 months if the business has no profits coming in? Are they leading me on by telling me that because of the years they have done this they have better contacts than others who say it is not possible? Please expand on your answers. Thanks, BostonTeaParty P.S. To guarantee that this post stays up and is not taken down, I promise the admins of the credit board forum that I will not disclose the name of the company who has this program to anyone who asks me, since I do not want anyone else to get hurt in case this company is not good.

I have a friend who has had good service from *deleted by admin* if you want an offshore account for your business.

First of all when the company account was just opened the other day my name was released into the computer system of all banks and it came up somehow on the screen of this scavenger debt collector. The account this scavenger debt collector is trying to collect on was written off by the original credit card company many years ago. It was a personal credit card account and not a business one. This scavenger debt collector bought the debt for pennies on the dollar and NOW my applying for that company bank account only freshly released my name into the banking computer system which caused the scavenger debt collector to call the telephone number which was also released into the banking system records by the newly opened business account which is the first business account in the U.S. I have ever signed on. Boston T. Party P.S. Reading a thread about the bad reputation of this scavenger debt collection company tells of them trying to collect debt from people that is over 30 years old. They have even tried to go after people who never had any debt. That is how bad they are. I am not worried about them really. Just need a cease and desist letter.

I opened up a company bank account with my partner and a couple of days later a debt collection agency with a poor reputation was calling the residence where my partner lives looking for me. The debt I could not pay back is over eight years old and my addresses are in states where one has a statute of limitation of four years on credit card debts and the other six years on credit card debts. Please direct me to a cease and desist letter that works so I can stop them from ever bothering me again. Do you have a thread on this forum where I can find this letter. Also, could you give me any extra tips? Thanks, Boston T. Party

I lost a lot of money from a lot of credit cards over seven years ago and the last payment I made on them was over seven years ago since it was impossible for me to pay everything back so I had to let it go. SOMEONE STOLE THAT CREDIT CARD MONEY FROM ME. Now it has been over seven years and during that time the debt was passed from collection agency to collection agency. I have never gotten a copy of my credit report since I do not want to and it is a waste of money. Instead of paying for each credit report from each credit agency, is it possible for me to write a letter to them all explaining that all my debt is over seven years old and my credit report should now be blank since I have not applied for or had any credit in over seven years? I want to make sure that my credit report on all three or four of the agencies is blank since everything is over seven years now. WHAT CAN I DO WITHOUT SPENDING MONEY EXCEPT ON POSTAGE AND MAKE SURE EVERYTHING IS WIPED CLEAN ON ALL THE CREDIT REPORTS? Thanks, Boston T. Party

I will set up the membership certificates with my partner who is my father owning 91% and me owning 9% of the company only if it will not hurt or interfere with us getting business credit. GreyWolf and CreditMagnet please confirm that these percentages to your knowledge has not interfered in the past or present with getting business credit for an LLC whose members had these kind or similar percentages. I need for you to confirm this before I proceed. Sincerely, Boston T. Party

Since my credit is all whacked out and there might be some bad things said in the credit reporting agencies, just to make the road as clear as possible.... can my partner who I trust because he is my father, place his signature on the bank account and I set up a power of attorney to take over the bank account just in case something happens to my father? Now, because we are just opening up a bank account and not asking for credit this may not be necessary but in several months we may want to apply for credit at this bank and if I am not a signer on the account it may make the road clearer in getting credit and if I have power of attorney to take over the account if something happens to my dad then it will give the bank some assurance that account will not be without some backing. Is it possible for my father to sign on the account and I sign a power of attorney to take over the account in case something happens to him? Does anyone know if this is legally possible? Thanks for your help,

People: There are perhaps tips that you can think of when my partner and I apply for a business bank account. What should we bring there and what should we avoid saying and what should we say or do to help the account get opened? I realize that we need to bring company documents and I.D. docs etc. but would an operating agreement be required ? I am going to call and ask the bank also but perhaps a tip or two comes to your mind and I would appreciate it very much. Boston

I TOLD THE BUSINESS CREDIT CARD BUILDING COUNSELOR: My dad is 80 years old and has very good credit. I am 49 years old and have the lowest credit score that is possible for a person to have. We have an LLC that we are setting up to be compliant with the credit companies. What chance is there that we will get a lot of credit with my dad's age and my poor credit score? Have you had success with this kind of situation before? THE CREDIT CARD BUILDING COUNSELOR ANSWERED Yes- it can be done! We call it credit partnering. Call me to discuss it personally ++++++++++++++++++++++++++++++++++++++++++++ What is credit partnering? How do they do it? Is it really possible? This credit building company builds credit card credit only.

A landline phone number is required and should be registered in the name of the company and its address. Definition below: landline = a telephone line that travels over terrestrial circuits; "a land line can be wire or fiber optics or microwave" Ask yourself: Do the numbers callture.com and magicjack.com give you come under the above definition?

http://www.gaebler.com/How-to-Register-a-B...-Assistance.htm How to Get Listed in the White Pages and in Directory Assistance So how does one get a business white pages listing and how does one get a business listed in Directory Assistance? Here are four quick and easy things to do to get a business phone listing. First, go to the List Yourself website (http://www.listyourself.net/). This site bills itself as "The Listing Service for the Unlisted" and while it appears to be a very simple site, many small business owners have told us that it has worked for them. However, some have not been successful with this service and others have had to enter their information multiple times before it worked. Still, it's a free service so it's worth a try. Second, go to SuperPages (http://www.superpages.com/) and register your business for a free listing. You will find the "FREE Listing" link on the left nav on the home page. Third, you can contact Verizon Wireless at 1-800 722-0577 and ask for a "foreign listing" - you don't actually have to have a Verizon number to get into their wireless 411 directory. There is a one-time $9 fee and a $1.12 monthly charge. Fourth, you can call your local 411, ask for your listing and then when you are told that there is no such business listing, tell them you are the owner of the business and ask them how to get listed. In the worst case, you can a new number with your local phone company and have it forward to your other numbers. It costs money but it might be worth it. 411 information tends to propagate so getting into one 411 directory may be sufficient. Have a 411 listing and being in the various online 411 directories (e.g. whitepages.com) doesn't ensure that you will be in the printed White Listings directory. For that, you will need to call the company that puts out the White Pages. As you move forward to get a business number listed in the White Pages and 411 Directory Assistance, be careful what you wish for. Once you do get listed, you'll tend to get a lot of inquiry calls from people trying to sell you stuff. Hopefully, the number of calls from prospective customers will far outweigh the calls from telemarketers. But, importantly, if you want to build up your business credit profile, getting listed is an absolute necessity.

leaseadvice: I agree with greywolf 125% when it is applied to someone who with malicous intent or even whimsical intent is trying to milk the system. I was not trying to milk the system when that money was lost. I am not that kind of person. Also, your suggestion that I sounded like someone who has put my money in a ponzi that promised 250% is really a slap in the face and I consider it to be a personal insult. I did not say anthing that would suggest such a ridiculous thing. I was delivered the same blow as those who had trusted Madoff. But of course legally it was my ultimate responsibility. Just as it is the ultimate responsibilty of the American people that the Federal Reserve was allowed to have power over the money supply of the U.S. Consider yourself: you are allied with an industry (banking) that loans out at 26 to 1 or whatever ungodly amount it is and an industry that creates money out of thin air which only devalues the dollar. This is an even bigger ponzi scheme than Madoff was involved with. Who is the real guilty one? Hmmmmm..... ? Answer: WE ALL ARE and not just you !!!

I don't like what I am hearing in a couple of the above posts. Just because I had someone "Bernie Madoff me" and it became impossible for me to pay back the money created out of thin air does not mean I am dishonest or I want to "work the system" Go ahead greywolf and put down what you wanted to say, do not assume I am trying to steal money just because I got screwed by someone who misappropriated the money I had placed with him. If I had been making $50,000 per year like a "friend" of mine I would easily have been able to pay off that loan. But it was impossible for me to pay back the money that the fund manager took out of a very conservative investment that would have been able to eventually pay off the loan if he had kept the money in the fund instead of using it for his own ends like Bernie Madoff did. I was using personal credit and I was not using business credit lines or cards. I WENT THROUGH ABSOLUTE HELL BECAUSE OF WHAT THAT FUND MANAGER DID and I valued a clean conscience very much at the time this happened and I still do. BostonTeaParty

Disclaimer: I AM RESPONSIBLE TO CHECK OUT ANYTHING YOU TELL ME BEFORE I PROCEED WITH IT. SO DO NOT BE SHY IN ANSWERING ME. THANKS Right now, I am setting up a company with my father who is 83 years old. I am in my fifties and I have about the poorest credit score you can get due to a Bernie Madoff type victimization I experienced some years back which ruined me financially. Right now I am a managing member and my father is a managing member. But I feel that my poor credit score may hurt the funding of the company at some point. So below is an idea I have: My question: If I decide to step out of the company as one of the owners and make my Dad and Mom owners of the company (put my mom in who is 86 years old instead of me as an owner/managing member), how can I be used in the company to show that my old parents have a younger person working for the company and doing the marketing and handling the company for them even though I am not one of the owners? What would my position be and how can we set this up to give the lenders assurance that the company is being managed by someone who is younger and has knowledge of marketing etc. and can handle the company for an 83 and 86 year old who are the owners? Also, if I do this, what kind of forms and instruments do I use to make sure I can take over the company if my mom and dad would be rendered unable to care for the company as owners? I would need some kind of document to sign to make sure I take over the company and the financial accounts opened in the company name if something happened to them? What is that paperwork and title I would have and how do I do all this? Thanks, Boston Tea Party

You said: "I received a platinum credit card with a 25k limit with no credit pull. It was offered to me when I was opening up my new business checking account. I was told that it was due to my 10+ year relationship with the bank as well as the 100k+ balances in certain accounts. I was shut down for the line of credit though" FROM WHICH BANK?