Thank you for visiting Global Software & Computer Solutions Centers, Inc. We are going to be discussing the topic of business trade references exposed. This like our previous discussion with respect to personal credit and the myths of CPN numbers is another topic that needs to be exposed to our existing clients and to potential new clients as well. On the Internet more often than not, there are many fraudulent credit repair companies popping up every day that offer both personal credit repair services, along with seasoned tradelines, and CPN numbers to boost personal credit scores and in addition to that, if it is not bad enough, these same fraudulent Internet based credit repair companies are also offering corporate business credit services, selling business trade references to be placed on a D&B credit profile to gain a PAYDEX credit score. These fraudulent companies do not tell you that doing this is illegal. They don’t tell you that D&B is quick to verify the validity of your trade references, and that the information that is placed on the file will be red flagged as a high risk in the corporate credit profile. They also do not tell you that D&B is rapidly building a comprehensive list of fraudulent business trade references and providers in their database system, and that if you are caught using or reporting any of these trade references to build corporate business credit, you will be thrown into a high risk category, no questions asked, and without your acknowledgement. Business trade references are not purchased, they are earned, or are granted without a personal guarantee only if they are valid businesses that are willing to work with you. In addition to this, the business itself that is going to be a valid business trade reference for you, must also be registered with D&B, Experian Business, and Equifax Business. That business may also be registered with other corporate business credit reporting agencies as well. Feel free to look at this page: http://www.gscsc.net/affiliate-programs.htm to learn more about our wholesale aged shelf companies affiliate program. All of these 8 to 25 year old clear and clean shelf companies come with established corporate business credit, and valid and legal trade references that are all verifiable by all business credit reporting agencies. Please note: Since 2007, many changes have taken place in this industry, specifically with respect to D&B, with Experian Business and with Equifax Business. Much of what could be performed in 2007, is now not applicable, and all trade references, tradelines, Etc, are checked, verified, and now more than ever, business loans, credit cards, working capital, and the like require a PG (Personal Guaranty) regardless of how good your business credit is. Every business, and business owner will have a comprehensive due diligence check performed, personal credit checks, and business credit checks. Ka href=”http://www.gscsc.net”>Global Software – gscsc.net – RICHARD GODDEAU would like everyone to know what to expect, especially with a fallen economy. Times have changed, and so have the requirements to building business credit.
Business trade references as some fraudulent businesses call them, (tradelines) are the various lines of vendor credit or trade credit that appear on your corporate credit profile once a relationship has been established with a particular vendor, for example, BUSINESS MARKETING SERVICES, Inc. When a business has established a relationship, and is granted a specific line of credit, more commonly called a (LOC) the vendor reports the payment history of the business to D&B, and possibly Experian Business, Equifax Business, and other business credit reporting agencies that they may be registered with, and to which they have reporting capabilities. In order to do this, you must have made at least one verifiable payment to the vendor to have the business trade references reported to D&B. Once this has happened, usually the credit reporting agency will contact that vendor to verify the accuracy and integrity of that data. You as the business owner should be registered with the major players in the credit industry before trying to establish trade credit or vendor credit. Registering with only one business credit reporting agency, does not guarantee that a lender will extend you a line of corporate business credit a (LOC). In order to be looked at in the corporate credit industry, you must be registerd with at least the three major players: D&B, Experian Business, and Equifax Business. Credit granting institutions will usually pull credit reports from one of the major players, and if you are not linked to the agency to which they pull credit reports from, you will most likely be denied credit even if you have an excellent D&B PAYDEX credit score. Many fraudulent corporate business credit service providers will tell you that you only need to be registered with D&B to obtain corporate business credit, but this couldn’t be further from the actual truth. You need to be registerd with the three main players in order to establish true corporate business credit.
Now back to the fraudulent credit repair companies. What these people do is take money from you to buy a trade reference or two, or maybe several more, and place these trade references or tradelines on your business credit profile by reporting them through one of D&B’s product offerings. Most of these fraudulent businesses have established credit builder accounts with D&B along with reporting A/R (Accounts Receivable) accounts capabilities, and in order to pay their reporting fees, they charge you thousands of dollars for a service that you can get directly through D&B yourself. When D&B researchers check the trade references or tradelines that have been reported by these fraudulent credit repair companies, they call to verify the accuracy of the information with the business owner. At this point, the trade reference contact info is either bogus, or if it truly exists, the business owner listed on that trade reference has no idea that your company ever existed at all, as they will probably report that you are not listed in their records as a client, and that they’ve never done any business with you or your company. When all is said and done, your business is red flagged as a fraudulent business, the remarks for that fraudulent activity remain on your corporate credit profile, and you might as well close down your business because you won’t be able to obtain corporate business credit. Trying to pull yourself out of a high risk status with D&B is virtually impossible to do, so it is likely that you won’t ever be granted corporate business credit, vendor credit or trade credit and loans, or leases with your existing company. This happens all to often to new and experienced business owners all the time. One such company we’ve been researching since we got burned by them over the last year, is New Credit Solutions Corporation and its owner, Christian Verzi. Christian Verzi sells such types of so called business trade references or seasoned tradelines for small businesses along with personal credit repair services, including CPN numbers for new credit files and yet another company, Tradeline Solutions is doing the same thing. We have not checked into Tradeline Solutions as of yet, but we will be. We will be looking at several companies out there, and informing you of each of them. New Credit Solutions Corporation will ultimately sell you an aged shelf corporation with a so called corporate credit profile, and an existing PAYDEX credit score, along with a virtual office program. In our active research on this fraudulent credit repair company, we have actually found out that he sells a blank aged shelf corporation and a package of business trade references or tradelines to his clients with the D&B CreditBuilder program, no PAYDEX credit score, and a virtual office program, and scams clients into thinking that they are receiving corporate business credit. The client is paying Christian Verzi several thousand dollars for packages of business trade references or so called seasoned tradelines, but the client never receives them, because D&B won’t report them, and New Credit Solutions Corporation doesn’t either. Both companies are selling these trade references packages for thousands of dollars, and the unsuspecting business owner is not aware of what is actually happening to them. You like many others, and this includes our company, have lost a lot of money by trying every little corporate business credit building scheme that appears to be worthwhile, but in the end, we discovered that we were actually being scammed by people like Christian Verzi. There are many more companies out there doing the same thing to unsuspecting people like yourselves, but these are just a couple that show their true colors after you have purchased their programs. You need to also watch out when they tell you that their credit programs do not require a personal guarantee, because the lenders that they use ultimately ask you for your current credit scores, and then when you least expect it, you have to personally guarantee the credit lines granted, or pay large bond insurance fees to get the funding.
This is worse than trying to repair your personal credit, because corporate business credit is not governed by laws to protect the business owner like the consumer credit laws do. Many of these fraudulent credit repair and corporate business credit service provider companies know this, and take advantage of you because of it. Always use a service provider that is going to be completely honest with you right from the start. As a business owner, you must be extremely careful to protect your business, its corporate credit, its trade credit or vendor credit, and your corporate credit profile. True corporate business credit is not something that you gain in thirty business days, unless you have purchased an aged shelf corporation that has an active checking account, a true corporate credit history established, and is currently in good standing with the credit bureaus and the state to which the company is registered. Blank aged shelf corporations or aged shelf companies can be an essential and very important part of building true corporate business credit, but the use of illegal business trade references, or so called seasoned tradelines will be the bullet of death for your business, and very quickly at that. We know all about the consequences of doing this first hand. Building true corporate business credit is not fun, sexy, or a quick process. Rather, it is a time consuming and tedious process that requires much patience, hard work, and dedication. The key to successfully building true corporate business credit, is to build it when you really don’t need it. Lenders are more likely to extend you credit when you are financially sound. They don’t want to lend you money when you are in a financial crunch, because they know you’ll have difficulty paying back the money you’ve borrowed. It sounds backward, but the truth is that lenders want to lend you money when they know you are financially stable.
If you are starting out fresh with a new or existing business, or if you purchase any of our aged shelf corporations, you need to establish the corporate business credit properly. We offer three types of corporate business credit programs to our clients, and we make absolutely sure that you fully understand the differences in these programs. Purchasing a blank aged shelf corporation with a credit builder program is one type of program that we offer. The second type is similar, but some credit is preapproved already, and the third option is to purchase an existing company with everything in place, ready to go. Each program is priced differently, and each has its own timeframe for the completion of all services to be rendered. Be sure to know what you are looking for before enrolling in our corporate business credit programs. Talk to a financial advisor, certified public accountant, and a good attorney before making a decision to enroll in any corporate business credit program. Always seek the advice of a good team of professionals.
Do not think that purchasing so called business trade references or business tradelines from fraudulent credit repair companies like those listed here and on the Internet is going to do you any good at all; it won’t. What will happen is probably going to critically harm your business permanently. You need to have common sense, proper and sound business ethics, and don’t get fooled into thinking that you are going to get FAST CASH QUICKLY! It doesn’t happen that way unless you have purchased a properly setup company with those criteria already in place. You can find those types of companies on the Internet, but again be extremely careful when buying these aged shelf corporations. Make absolutely sure that there are no tax liabilities or other problems that you will be held responsible for when you purchase the company. Do your research, and do it in a critical fashion. Do not leave out any possibilities when you are searching for an existing company, it could very well cost you everything! Building true corporate business credit is not a “Get Rich” scheme. It is not a means of taking care of personal debts, or willfully defrauding potential creditors and it is to be taken very seriously. Try to clean up your personal debts before starting up a new business or buying an existing business. Your personal credit WILL BE A FACTOR in the beginning when you are establishing true corporate business credit, and if anyone tells you otherwise, RUN THE OTHER WAY FAST! Later on, after you’ve properly built your corporate business credit profile, established vendor credit or trade credit, and have a good PAYDEX credit score, and INTELLIScore credit score, along with a few other factors, you will be able to apply for and receive corporate business credit without a personal guarantee, but that comes with time and persistence. Be extremely careful, and be truly business minded. Business credit is business credit alone, and personal credit is personal credit alone. You need to know how to seperate these witha wall of protection, and you need to know how to protect both from harm. You also need to understand the differences between business credit, and true corporate business credit, which we will cover in an upcoming article. You also need to think in two ways: 1. Like a lender. and 2. Like a true business owner. We’ll leave that as food for thought. We will add more to this article periodically so check back often. If you have any questions or concerns about this material, please feel free to contact us at the following number: (800) 922-5170. For those people that are serious about establishing true corporate business credit, you can receive our free EBook on building corporate business credit from our website. You may also contact us for a list of properly setup companies, programs, and services.
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To Your Continued Success,
The GSCSC, Inc. Team
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Business Trade References Exposed
Thank you for visiting Global Software & Computer Solutions Centers, Inc. We are going to be discussing the topic of business trade references exposed. This like our previous discussion with respect to personal credit and the myths of CPN numbers is another topic that needs to be exposed to our existing clients and to potential new clients as well. On the Internet more often than not, there are many fraudulent credit repair companies popping up every day that offer both personal credit repair services, along with seasoned tradelines, and CPN numbers to boost personal credit scores and in addition to that, if it is not bad enough, these same fraudulent Internet based credit repair companies are also offering corporate business credit services, selling business trade references to be placed on a D&B credit profile to gain a PAYDEX credit score. These fraudulent companies do not tell you that doing this is illegal. They don’t tell you that D&B is quick to verify the validity of your trade references, and that the information that is placed on the file will be red flagged as a high risk in the corporate credit profile. They also do not tell you that D&B is rapidly building a comprehensive list of fraudulent business trade references and providers in their database system, and that if you are caught using or reporting any of these trade references to build corporate business credit, you will be thrown into a high risk category, no questions asked, and without your acknowledgement. Business trade references are not purchased, they are earned, or are granted without a personal guarantee only if they are valid businesses that are willing to work with you. In addition to this, the business itself that is going to be a valid business trade reference for you, must also be registered with D&B, Experian Business, and Equifax Business. That business may also be registered with other corporate business credit reporting agencies as well. Feel free to look at this page: http://www.gscsc.net/affiliate-programs.htm to learn more about our wholesale aged shelf companies affiliate program. All of these 8 to 25 year old clear and clean shelf companies come with established corporate business credit, and valid and legal trade references that are all verifiable by all business credit reporting agencies. Please note: Since 2007, many changes have taken place in this industry, specifically with respect to D&B, with Experian Business and with Equifax Business. Much of what could be performed in 2007, is now not applicable, and all trade references, tradelines, Etc, are checked, verified, and now more than ever, business loans, credit cards, working capital, and the like require a PG (Personal Guaranty) regardless of how good your business credit is. Every business, and business owner will have a comprehensive due diligence check performed, personal credit checks, and business credit checks. Ka href=”http://www.gscsc.net”>Global Software – gscsc.net – RICHARD GODDEAU would like everyone to know what to expect, especially with a fallen economy. Times have changed, and so have the requirements to building business credit.
Business trade references as some fraudulent businesses call them, (tradelines) are the various lines of vendor credit or trade credit that appear on your corporate credit profile once a relationship has been established with a particular vendor, for example, BUSINESS MARKETING SERVICES, Inc. When a business has established a relationship, and is granted a specific line of credit, more commonly called a (LOC) the vendor reports the payment history of the business to D&B, and possibly Experian Business, Equifax Business, and other business credit reporting agencies that they may be registered with, and to which they have reporting capabilities. In order to do this, you must have made at least one verifiable payment to the vendor to have the business trade references reported to D&B. Once this has happened, usually the credit reporting agency will contact that vendor to verify the accuracy and integrity of that data. You as the business owner should be registered with the major players in the credit industry before trying to establish trade credit or vendor credit. Registering with only one business credit reporting agency, does not guarantee that a lender will extend you a line of corporate business credit a (LOC). In order to be looked at in the corporate credit industry, you must be registerd with at least the three major players: D&B, Experian Business, and Equifax Business. Credit granting institutions will usually pull credit reports from one of the major players, and if you are not linked to the agency to which they pull credit reports from, you will most likely be denied credit even if you have an excellent D&B PAYDEX credit score. Many fraudulent corporate business credit service providers will tell you that you only need to be registered with D&B to obtain corporate business credit, but this couldn’t be further from the actual truth. You need to be registerd with the three main players in order to establish true corporate business credit.
Now back to the fraudulent credit repair companies. What these people do is take money from you to buy a trade reference or two, or maybe several more, and place these trade references or tradelines on your business credit profile by reporting them through one of D&B’s product offerings. Most of these fraudulent businesses have established credit builder accounts with D&B along with reporting A/R (Accounts Receivable) accounts capabilities, and in order to pay their reporting fees, they charge you thousands of dollars for a service that you can get directly through D&B yourself. When D&B researchers check the trade references or tradelines that have been reported by these fraudulent credit repair companies, they call to verify the accuracy of the information with the business owner. At this point, the trade reference contact info is either bogus, or if it truly exists, the business owner listed on that trade reference has no idea that your company ever existed at all, as they will probably report that you are not listed in their records as a client, and that they’ve never done any business with you or your company. When all is said and done, your business is red flagged as a fraudulent business, the remarks for that fraudulent activity remain on your corporate credit profile, and you might as well close down your business because you won’t be able to obtain corporate business credit. Trying to pull yourself out of a high risk status with D&B is virtually impossible to do, so it is likely that you won’t ever be granted corporate business credit, vendor credit or trade credit and loans, or leases with your existing company. This happens all to often to new and experienced business owners all the time. One such company we’ve been researching since we got burned by them over the last year, is New Credit Solutions Corporation and its owner, Christian Verzi. Christian Verzi sells such types of so called business trade references or seasoned tradelines for small businesses along with personal credit repair services, including CPN numbers for new credit files and yet another company, Tradeline Solutions is doing the same thing. We have not checked into Tradeline Solutions as of yet, but we will be. We will be looking at several companies out there, and informing you of each of them. New Credit Solutions Corporation will ultimately sell you an aged shelf corporation with a so called corporate credit profile, and an existing PAYDEX credit score, along with a virtual office program. In our active research on this fraudulent credit repair company, we have actually found out that he sells a blank aged shelf corporation and a package of business trade references or tradelines to his clients with the D&B CreditBuilder program, no PAYDEX credit score, and a virtual office program, and scams clients into thinking that they are receiving corporate business credit. The client is paying Christian Verzi several thousand dollars for packages of business trade references or so called seasoned tradelines, but the client never receives them, because D&B won’t report them, and New Credit Solutions Corporation doesn’t either. Both companies are selling these trade references packages for thousands of dollars, and the unsuspecting business owner is not aware of what is actually happening to them. You like many others, and this includes our company, have lost a lot of money by trying every little corporate business credit building scheme that appears to be worthwhile, but in the end, we discovered that we were actually being scammed by people like Christian Verzi. There are many more companies out there doing the same thing to unsuspecting people like yourselves, but these are just a couple that show their true colors after you have purchased their programs. You need to also watch out when they tell you that their credit programs do not require a personal guarantee, because the lenders that they use ultimately ask you for your current credit scores, and then when you least expect it, you have to personally guarantee the credit lines granted, or pay large bond insurance fees to get the funding.
This is worse than trying to repair your personal credit, because corporate business credit is not governed by laws to protect the business owner like the consumer credit laws do. Many of these fraudulent credit repair and corporate business credit service provider companies know this, and take advantage of you because of it. Always use a service provider that is going to be completely honest with you right from the start. As a business owner, you must be extremely careful to protect your business, its corporate credit, its trade credit or vendor credit, and your corporate credit profile. True corporate business credit is not something that you gain in thirty business days, unless you have purchased an aged shelf corporation that has an active checking account, a true corporate credit history established, and is currently in good standing with the credit bureaus and the state to which the company is registered. Blank aged shelf corporations or aged shelf companies can be an essential and very important part of building true corporate business credit, but the use of illegal business trade references, or so called seasoned tradelines will be the bullet of death for your business, and very quickly at that. We know all about the consequences of doing this first hand. Building true corporate business credit is not fun, sexy, or a quick process. Rather, it is a time consuming and tedious process that requires much patience, hard work, and dedication. The key to successfully building true corporate business credit, is to build it when you really don’t need it. Lenders are more likely to extend you credit when you are financially sound. They don’t want to lend you money when you are in a financial crunch, because they know you’ll have difficulty paying back the money you’ve borrowed. It sounds backward, but the truth is that lenders want to lend you money when they know you are financially stable.
If you are starting out fresh with a new or existing business, or if you purchase any of our aged shelf corporations, you need to establish the corporate business credit properly. We offer three types of corporate business credit programs to our clients, and we make absolutely sure that you fully understand the differences in these programs. Purchasing a blank aged shelf corporation with a credit builder program is one type of program that we offer. The second type is similar, but some credit is preapproved already, and the third option is to purchase an existing company with everything in place, ready to go. Each program is priced differently, and each has its own timeframe for the completion of all services to be rendered. Be sure to know what you are looking for before enrolling in our corporate business credit programs. Talk to a financial advisor, certified public accountant, and a good attorney before making a decision to enroll in any corporate business credit program. Always seek the advice of a good team of professionals.
Do not think that purchasing so called business trade references or business tradelines from fraudulent credit repair companies like those listed here and on the Internet is going to do you any good at all; it won’t. What will happen is probably going to critically harm your business permanently. You need to have common sense, proper and sound business ethics, and don’t get fooled into thinking that you are going to get FAST CASH QUICKLY! It doesn’t happen that way unless you have purchased a properly setup company with those criteria already in place. You can find those types of companies on the Internet, but again be extremely careful when buying these aged shelf corporations. Make absolutely sure that there are no tax liabilities or other problems that you will be held responsible for when you purchase the company. Do your research, and do it in a critical fashion. Do not leave out any possibilities when you are searching for an existing company, it could very well cost you everything! Building true corporate business credit is not a “Get Rich” scheme. It is not a means of taking care of personal debts, or willfully defrauding potential creditors and it is to be taken very seriously. Try to clean up your personal debts before starting up a new business or buying an existing business. Your personal credit WILL BE A FACTOR in the beginning when you are establishing true corporate business credit, and if anyone tells you otherwise, RUN THE OTHER WAY FAST! Later on, after you’ve properly built your corporate business credit profile, established vendor credit or trade credit, and have a good PAYDEX credit score, and INTELLIScore credit score, along with a few other factors, you will be able to apply for and receive corporate business credit without a personal guarantee, but that comes with time and persistence. Be extremely careful, and be truly business minded. Business credit is business credit alone, and personal credit is personal credit alone. You need to know how to seperate these witha wall of protection, and you need to know how to protect both from harm. You also need to understand the differences between business credit, and true corporate business credit, which we will cover in an upcoming article. You also need to think in two ways: 1. Like a lender. and 2. Like a true business owner. We’ll leave that as food for thought. We will add more to this article periodically so check back often. If you have any questions or concerns about this material, please feel free to contact us at the following number: (800) 922-5170. For those people that are serious about establishing true corporate business credit, you can receive our free EBook on building corporate business credit from our website. You may also contact us for a list of properly setup companies, programs, and services.
If you found this information helpful, pass this article on to your Twitter followers. Feel free to leave any Comments For ‘Richard Goddeau GSCSC Global Software and Richard Goddeau will get back to you as soon as possible. Feel free to follow us on Twitter by clicking the link below.
http://www.twitter.com/rgoddeau
To Your Continued Success,
The GSCSC, Inc. Team
Tags: aged corporations, aged shelf companies, aged shelf corporations, Business, business credit, Comments For 'Richard Goddeau GSCSC Global Software, Corporate Business Credit, corporate credit profile, corporations, CPN numbers, credit bureaus, credit repair, credit reports, D&B, Equifax, Experian, Global Software & Computer Solutions Centers, Global Software gscsc.net Richard Goddeau, Global Software', gscsc.net, line of credit, LOC, paydex, PAYDEX score, Richard Goddeau, trade credit, trade references, tradelines, vendor, vendor credit
This entry was posted on Wednesday, December 12th, 2007 at 6:04 pm and is filed under Business & Finances, Computers & Internet, Corporate Affiliate And Reseller Programs, Corporate Business Credit, Credit & Debt Services, Finance Financial Services, Financial Services, Frequently Asked Questions, GSCSC Inc, Global Software & Computer Solutions Centers Richard Goddeau, Global Software - gscsc.net - RICHARD GODDEAU GSCSC, Global Software GSCSC, Global Software Inc, Global Software Inc Www.gscsc.net Richard Goddeau, Global Software Richard Goddeau, Global Software gscsc.net Richard Goddeau, Goddeau, Home Based Business Opportunities, Marketing Services, New Press Releases, New Services, News, Personal Credit, Richard Goddeau, Richard Goddeau - Global Software & Computer Solutions Centers, Richard Goddeau Athens New York, Richard Goddeau Carson City Nevada, Richard Goddeau GSCSC Global Software, Richard Goddeau Global Software Athens New York, Richard Goddeau Global Software Carson City Nevada. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.