OFF – SHORE CORPS for sales. We are working on that and will keep you posted.

Hope all of you are really working on your business & personal credit. Remember this is the time to do it. Just yesterday I heard how one of our supporters got a Chase Business ink card. His personal credit was pulled BUT his personal credit is far from perfect. It was his business credit that really came to the rescue. He already had two Chase personal cards, one with higher limit than the other. Initially he got rejected for business credit card (Chase Ink Card). On my advise he called up Chase using the reference number on the rejection letter. Chase was just wonderful, they asked him to verify some information, seemingly checked his credit again. My friend gave them his business credit needs. The end result. Chase bank lowered the limit on one of his personal credit Chase cards and gave him a business Chase credit card instead. This is a classical case of banks really wanting to lend even though they are limited due to lending restrictions. Lenders make money lending. Now image if you have all your business file in order – most businesses find it difficult to borrow these days  so you will stand out and hence get great financing options.

http://www.inkfromchase.com/

Make sure that you emphasis that you are trying to get a business credit card and not a personal one. Chase has so many departments that it is easy to end up in the wrong place. They should get your corps EIN number and they also get your SS#. Make sure your business credit file is strong so your personal credit matters less.

Aimanzul

http://ucc-1credit.com/home

Most of us know the economic situation. There does not seem to be an end in sight. “This time it is different” and all that ….. That might be true but we also know that these times bring opportunities that you can exploit. Other than undervalued assets like, real estate,  small businesses for sale at great discounts – here is another opportunity that can be used.

http://www.kb-vision.com/?s=aimanzul

Watch this video for the compensation plan:

Now click on the link below and sign up for FREE:

http://www.kb-vision.com/?s=aimanzul

Needless to say also use this time to build your business credit file to the max.

Aimanzul


 https://squareup.com/

Here is one great use. Say you have a Staples account. Now you might be approved for the standard $2000.00 business credit but you can only purchase from a Staples store.

What you can do is  buy one or many of their gift cash cards – with the Visa, Master or Amex logo and run it through your square-up and have access to the cash in a matter of two days. The cost will be the fee for transfer which will be a total of like $1-2 and the card cost which will be like $5. Equipped with this knowledge you can keep an eye out for any store that has cash cards or ANY credit card…….you get the idea. Be creative. Like you can use the cash to pay up most of the invoice(s) that you initially incurred with Staples (as an example) when you bought the gift c cards in the first place. That will  show activity on your business credit Staples account  with minimum money out of your pocket. So for like $6.00 you can have $100.00 worth of activity.

Now if you have two separate different store accounts that both carry gift cards you can actually initially buy gift cards to run a balance on one of them, than to pay that off buy gift cards from the other card. That way you can ‘kill two cards with one stone’ ! Making the balance zero on one card as you spend the other card (to buy gift cards to pay the other off). Sears and Staples both carry gift cards especially in the holiday season.

If you only use one store card (as ib the first example) the balance never really goes to zero, the balance is just pushed forward to the next month. Apply it and you will see what I mean.

Two ways, that way you have more options and that is always beneficial.

Aimanzul

Lots of free information on business and personal credit click below

http://www.ucc-1credit.com/articles_1

Aimanzul

A common confusion among business credit builders is dealing with the one and only Dun and Bradstreet.

Please do not call them – it is too much of a headache. Read these articles to learn more CLICK HERE

Third article down..

When you have a bunch of tradelines on your report – this is what you need to do. Go to DNBi website and apply for there 14 day free trail and see what your company report really looks like – as seen by the creditors.

Here is the link:

 http://smallbusiness.dnb.com/15246198-1.html

Also make sure that all the trade lines that you really have are in your report. If they are not than try adding them. Give them as much info as possible, say if you want to add Tech depot , give them your account number with Tech depot., the name and direct number of the rep that deals with you and all other information.

Remember this is not the same report as the one in the D&B iupdate

Notice it says that the free trail ends June 30th so make full use of it now.

Aimanzul

For more free articles please visit  www.ucc-1credit.com

Anyone who has had to deal with disputes, inaccuracies and others items on their credit report know that it is not an exact science. Closely monitoring your credit report is a must and trying to nip any problem in the bud is very important. Logic does not seem to always work in figuring out what just happened or what is most likely to happen.

Personally I treat everything with a healthy dose of suspicion. Case in point, if I call up a credit company and request removal of a 30 day late. My argument could be that it was a mistake and otherwise I have a very good payment record with them – a good will approach. Say as a result they promise to remove the late payment. First I will ask for a confirmation number and if they do not have one I will make double sure that the conversation was noted (in their system) as far as removing the late.  After that I will watch my report like a hawk, waiting for the late to come off and follow up if necessary. Usually it takes 1 to 2 months to remove. This is just a simple example …

Below I have highlighted a number of situations that might surprise you as far as personal credit is concerned. They show that personal credit is not an exact science and that experience, knowledge and caution count for a lot.

1    Try your best to get your debt interest rate as low as possible. Initially you might accept almost any rate but gradually you want to lower the rate. Other than the obvious reason of paying more, if you use high interest credit sources your credit score will dip.

2    Do not close your oldest credit card (no matter how bad the terms of the debt) if you do not have a long credit history. The oldest will show ‘age’.

3   Paying of a charge-off account will not really increase your credit score. Just the presence of a charge off account depresses your credit score irrespective of its statues. Hence do not be surprised if you spend money to pay off a charge off account and the score does not change.

4   If a judgment or a collection account is paid off (or settled by a partial payment agreement) do not automatically assume that the original creditor will also indicate that the account was “Paid” or “settled” etc. The credit bureaus do not make these into one account. So the original delinquent debt will most likely remain and remain for the length of the SOL (Statue of limitations, see my other article, click here) if nothing is done about it.

Having said that when an underwriter is involved, like in certain loans or mortgages, he/she will look at the report carefully and will see that the two accounts are the same. They can see that the account(s) have been settled.  Problem is that two ‘bad’ accounts are more likely to depress your credit score and as a result your case (loan/mortgage request, credit report etc) might be rejected on the bases of a low credit score. Meaning an underwriter might not even get a chance to see your report . A higher credit score is always better.

At the very  least, it is best to get a “Delete account” letter AND a “debt settled” or “paid” letters as you negotiate the settlement (see previous article, click here).   Quite simply make it clear that you will not move forward with any negotiation unless they agree to provide those two letters on payment of any settlement amount.
5  Paying off installment loans or student loans will not necessarily increase your credit score, all else being equal. In fact most likely your score will not change at all. It seems that only revolving credit account repayments increases credit score.

6  Closing unused credit card accounts seems to almost always lower credit scores. Plus if you can, try leaving some balance on your credit cards, even if little, when the creditor is making money off you, the creditor is happy.
Here are some more useful tips:

1  Remember you can dispute anything on your credit report. Anything. They have 30 days (30-40 but ask the specific company) to answer and if you send in another request before the 30 days are up the time is just extended. It is better to wait for the allotted 30 days to pass before placing another request.

2   Sending all letters certified mail? Certified mail requires signatures so if you send everything using certified mail some of the items might not go through especially if mailed to the original creditors. Certified mail is only really needs to be done for debt validation with a collection agency.

3  Credit reporting agencies love to ask you for your bankruptcy papers if you ever mention that you are planning to file bankruptcy. Never mention that you want to fill bankruptcy and which accounts you would include in the bankruptcy.  More of this in later articles.

Aimanzul.

For more free Personal credit articles click here and go to the bottom of the page for Personal credit articles

Look at what a Duns report looks like …

http://wp.me/pRFtA-3w

http://wp.me/pRFtA-47

www.ucc-1credit.com

This is a follow up article from Part 1 that shows a small business that just got a Duns report (from Dun and Bradstreet) established. Part 1 shows the basics and this part shows how the report keeps changing as new items are updated as the business owner establishes his/her business credit by following the steps that we outline, vendor credit, public filings. This will be a series of articles and as the corp builds its credit I will keep posting the updated report and highlight the changes.

To read Part 1 click here and go to the bottom of the page, last article.

We all know that the format of D&B log in and the report has changed a little. Plus our corp (see the previous article on this subject) has certain information updated, meaning new information appears on its report.



The explanation of most of what you see above is in Part 1 (click here) and read the last article at the bottom of the page.


The page above shows the major changes that took place since this report was updated (see Part 1). Lets magnify this page and see the details. First the top half:


1  Notice the line above Public filing shows that on Sept 2 2010 a correction to the address info took place. It was an addition of an office location.

Ucc filings:

2 Notice the filing number (one of the ways the credit agencies look deeper into the filings)


……..to be continued. You can read this complete article (and Part 1) immediately by clicking the links below.

Complete Part 2


Also read the first article on Dun & Bradstreet  for a better understanding of what D&B really looks for click here


Aimanzul