Welcome to the GSCSC, Inc. website and the GSCSC, Inc. website blog. In this weeks article, we will be presenting you with the Real Estate Credit Program. GSCSC, Inc. is proud to announce the release of our Real Estate Credit Program to our clients and resellers. This powerful program, even with a shaky, unstable, and uncertain economy, and credit crunch crisis, and financial crunch crisis, can assist you in becoming a very successful real estate investor. You may be asking, “How can this be done?” By following this program, and the training that it offers, you can do this very easily.
We have updated the program from our previous classroom based methodology to a more modern methodology, and we are proud to introduce our advanced methodology of becoming a successful real estate investor to you. Using these techniques, and one of our aged shelf companies with established real estate credit lines, even a novice real estate investor can succeed. Here is our program.
Real Estate Credit Program
Aged Shelf Corporations with Established Credit
Aged shelf companies or aged shelf corporations can offer a business owner a large increase in borrowing power as well as enhanced credibility for their businesses when talking to customers and lenders. The law says that a corporation is a legal person separate from its owners, and thus the ability to be able to have a personal credit profile, and a business credit profile at the same time. As we have stressed to our clients, having two personal credit profiles and using CPN numbers is illegal. The only true way to have more than one credit file is by using your personal credit files, and those by which you obtain by opening up a new business. File segregation is illegal. Again, you cannot have more than one personal credit profile. You can however, have more than one corporate business credit profile, each under a distinct business name, as each corporation or LLC is its own person. We’ve made this clear from the beginning.
The age of the owners do not necessarily correspond with the age of the companies which they may open, and by law, they do not have to correspond, as they are different persons. For example, when the H.J. Heinz Company advertises that it was established in 1869, it does not mean that all of the shareholders are well over 100 years old. It simply means that the company was filed in that year. You can take full advantage of similar credibility benefits when you are advertising to your customers. The age of your company can give greater credibility to customers and lenders than a business that was recently established. So, acquiring companies with established credit and existing credit lines can give the business a big financial boost.
GSCSC, Inc. offers many such corporations and LLCs to its clients. There are many aged Nevada shelf corporations, Delaware corporations, Wyoming corporations, offshore corporations and Canadian Corporations available. The most valuable companies for building a business are aged shelf corporations with established credit. These are companies that already have corporate credit scores and established relationships with lenders.
GSCSC, Inc. has developed and setup a special package and program that we offer to our clients that includes an aged shelf company where we can arrange contact with our lenders who, upon approval, can arrange up to $1 million in real estate credit for real estate purchases. Also included is real estate training, consulting and a supplemental credit building program. The additional credit building program helps our clients to obtain additional CASH credit lines once the business credit profiles, credit scores and credit ratings have been established. The $1 Million real estate credit line is already established, and once the client completes the manditory training, which takes 2-3 days, they may begin using the real estate credit line, even before the business credit profiles are completed. Our Aged Shelf Company with $1 Million real estate Credit Package includes the following items as shown here:
$1 Million of approved Real Estate Credit for Real Estate purchases through your corporation or LLC – You will receive an aged shelf corporation or LLC. The corporation or LLC is a 5 year old clean, clear entity, No Revoke Status, and No Reinstatement Status, and this is provided to you in writing when you obtain your company.
You submit valid real estate purchase proposals for funding. You can receive up to $1 million in secured real estate credit for real estate first mortgages by a lending institution. Plus, we have established key relationships with many additional private lenders who are willing to lend to corporations as well as individuals. Naturally, the lender will first need to verify that the property value will support the loan amount and that the loan is safe for the lender through approved underwriting before each transaction is funded.
We have arranged millions of dollars in credit and financing for clients. HOWEVER, NATURALLY, THERE IS NO GUARANTEE THAT ANY PARTICULAR TRANSACTION WILL BE FUNDED. THE DISTRIBUTION OF THE REAL ESTATE CREDIT LINE IS SUBJECT TO APPROVAL OF LOAN SAFETY BY THE LENDING INSTITUTION AND THE PRIVATE LENDER(S) THAT WE WORK WITH.
One-On-One Training - We send an expert who has earned over $1,000,000 in real estate to your home town to train you how to use the approved real estate credit lines and how to make the most money investing in real estate. This is a comprehensive, in-depth 2-day training program and is manditory in order for the client to begin using the established real estate credit lines. This is not classroom training. This is individual one on one hands-on, face-to-face training in your home town.
The personal real estate trainer will look for properties with you, will show you how to put the offer together, usually with little to no money out of your pocket, and how to make the most money investing in real estate.
The Founder/President and highly trained management staff of GSCSC, Inc. has been offering this program to clients since 1994. Every single client who has participated in the one-on-one training program has been extremely satisfied.
Whether you are a new or experienced real estate investor, we are more than confident you will be very satisfied with this one-on-one training program. Other than the expenses incurred for the purchase of this powerful program, there is only one additional expense that you must come up with. You will cover the trainer’s travel and lodging fees. The reason for this is that whether the trainer needs to walk across the street to get to you, or travel across the country, we want to make sure you have the minimum expense and we do not want to mark up the cost for everyone because the travel costs vary. A typical cost may be six hundred for round trip tickets and two hundred a day for hotel and food. So, the cost is very minimal.
Additional Credit Lines for Non-Real Estate Purchases – An assigned corporate credit builder coach, will work with you to build your corporate credit reports. This also includes a structured program with a toll free support line. Your credit coach will work with you directly, one on one, so that you can use, tailor, and build additional credit for your needs.
Personal Credit Builder Program – This program is included at no additional cost when you purchase this powerful program. If your personal credit scores are not high enough to qualify you for CASH FUNDING from traditional credit lines, this program will help you to meet those requirements. This program is offered free to clients for a limited time only. Be sure to check our blogs often to see the latest specials being offered by GSCSC, Inc.
For a limited time only, when you purchase an aged shelf company with established real estate credit lines, you will also receive a FREE package of five (5) VALID, VERIFIABLE TRADE REFERENCES with your purchase. We will establish the relationship for you, make purchases, and pay them off, and thus provide you with a means of obtaining an 80+ PAYDEX credit score on your corporate business credit profiles. If you already have an existing business, these trade references can be used to further increase your corporate business credit scores and corporate business credit ratings with D&B, Experian Business, and Equifax Business.
Package Price: $34,686.00 Limited Time Offer.
How does the program work?
After the lender has successfully verified the value of the property securing the loan, and the lender has approved the transaction through standard underwriting practices and procedures and sufficient loan safety, up to $1 million will be wired into escrow on a deal by deal basis for the purchase of real estate or other secured items. Again, this is not a guarantee. Funds are disbursed only after a lender has fully agreed to finance a particular transaction for the client. Credit is also available for a wide variety of business equipment, automobiles and other items that can be tailor made for your needs that can be obtained as part of the corporate credit builder program and as part of the corporate credit coaching program.
Real estate financing is available for residential, commercial, raw land or other real estate as well as other secured property or equipment. Your Personal Real Estate trainer will show you how to prepare acceptable offers to purchase property using the real estate credit lines and the additional corporate credit lines established on your company. The trainer will also show you how to prepare offers that do not specifically require a cash down payment, and much more.
Will the corporation or LLC have a Dun & Bradstreet D&B number and PAYDEX credit score?
This is a common question that we get asked every day by potential clients. The answer is yes. A D&B number, submission for a PAYDEX credit score and credit ratings and tailoring additional credit built for your specific needs is acquired as part of the additional credit lines support program, offered to you in the credit builder program.
Can I use the funds any way I want?
This too, is a common question that we get asked every day by potential clients. This depends on what you want to use the funds for. If the transaction makes business sense for both you and the lender, and it is within reasonable safety parameters, yes. The money will be wired into escrow to purchase items such as real estate or it may be paid directly to the corporation or LLC from which you are purchasing other items. The lender has great flexibility but no successful lender will blindly wire a million dollars of CASH into your bank account without first taking a look to be sure that there is sufficient value to secure the loan. All of the clients currently enrolled in this program who have followed the instructions taught in the one-on-one training course and who have followed the advice of the Trainer have been able to obtain CASH financing for real estate purchases.
Can I borrow money without using my own personal credit?
Yes. The secured credit lines are available with 100% corporate credit without regard to personal credit scores, depending on lender requirements. Alternatively, the underwriter may have you combine the company’s strength with that of your own to boost your borrowing power. Naturally, this is subject to the safety of the loan to the lender. Some lenders that we use will require this be done with the use of your personal credit, while others that we work with may not. So it’s up to the lender.
How in the world can you and your company do this for me with today’s tight credit market?
We have direct access to a very strong, stable lender who has, for many years, built up a very robust network of private investors who invest money in real estate mortgages. So, rather than working directly with traditional banks, our lender funds the line of credit distributions directly from its vast network of private investors. In one of our recent website blogs, we discussed hedge funds, and offshore banks. This is one of the vast number of resources that GSCSC, Inc. taps into for this program.
Can I use the real estate credit and corporate credit to purchase the corporation or LLC from you, or pay for it on the back end of a CASH credit line that I obtain?
Absolutely NOT. You must purchase the corporation or LLC with your own funds. We’ve been burned in the past doing things like this before. As a business owner, you need to prove to us and to our network of lenders that you have put some investment and capital of your own into the startup costs of your business. It is one way to show us that you are serious, and that you take real estate investing seriously.
Can I put some of the cash in my pocket?
There are specific ways to structure property purchases so that you are able to receive cash back in your pocket from the purchase of property, though this is not guaranteed. The methods used for doing this will be taught in the real estate training course that comes with the program.
Who approves of the loans and real estate or other purchases that I will be making?
The real estate training course will show you exactly how to make acceptable offers and exactly how to structure them, and the lender approves of the financing transactions.
Do you and your company provide real estate investments for me that I can purchase using the corporate credit established on my company?
We get this question asked by potential clients all the time. Whereas you can use the real estate based funds provided by the real estate credit lines to purchase any acceptable piece of real estate from a potential Seller, investments that have been pre-screened by the course instructor of the course are often available if desired. This is offered as a convenience only and, you are not required to purchase these properties. You can use the funds to purchase other properties that you find apart from those offered in the course. In addition to this, GSCSC, Inc. also has available, Safe, Secured Notes, which you may also acquire. Ask one of our representatives about our Safe Secured Notes Program.
What kind of real estate can I buy?
With this powerful real estate credit program that we offer our clients, you may purchase these forms of real estate as shown here:
Residential Real Estate.
single family Dwellings.
multi-Family Dwellings.
commercial Real Estate.
foreclosures and Raw Land.
single Family Foreclosures.
Multi-Family Foreclosures.
Developments and Rehabilitations including the associated materials and labor costs. Complete details are taught in the manditory real estate training course.
Government Subsidies Where Possible, including HUD houseing, Low Income housing and more.
Can I obtain 100% financing without taking cash out of my pocket to purchase properties?
Yes. The methods in which the 100% financing is structured are taught in the real estate training course when you obtain one of these packages from GSCSC, Inc..
Can I get more than $1 million in real estate credit?
No, not right away. The initial maximum granted on each company is for $1 million subject to review of the value of the real estate and lender underwriting procedures. By following the training that you receive, you can learn how to increase the amount that can be borrowed. We do make limited exceptions to this rule if a deal is properly structured, and it holds sufficient value to support the increase. In some cases, we extend the real estate credit lines when clients show a perfect pament history over a period of time. Usually clients will have to establish a good working relationship with us and our lenders to support increases in the real estate credit lines.
Do I have to have business credit profiles created in order to use the real estate credit lines with my company?
No. The real estate credit lines are already established on these companies, and do not require a D&B, Experian Business, or Equifax Business credit profile. However, we will assist you with reporting these credit lines to those business credit profiles when it is time.
Once I have enrolled in the real estate credit program and receive my company, when is the credit line active?
When you have enrolled in the real estate credit program, and paid for your company and received it, the real estate credit lines are already established and are active. However, before you are granted access to the credit lines, you must participate in the approved training that is provided to you in the real estate credit program.
What are the interest rates on the real estate credit lines?
It depends on the market and the current government rates at the time of funding. It is the same answer if someone were to ask you, How much does a car cost? It depends. It depends on the market interest rates and the risks of the loan you are applying for. As of this writing, low-risk loans, where the corporation or LLC will be used to help you purchase a home in which you will reside, interest rates are currently 5-8%. Medium risk loans, such as short-term rehabilitation financing are 9-12%. High risk loans can be thirteen to twenty-four percent. High risk loans may be for properties near hazardous areas or for high-risk short-term construction. It also depends on the state in which the property securing the loan is located because there are different interest rate requirements in different states. The numbers listed above are examples only. Because of the interest rate variations over time and other factors we do not make promises on what the interest rates our lender(s) will charge in the future.
Can I use the real estate credit to refinance properties that I now own, such as my home, or rental property?
Yes. This is available to our clients, even for your own homes that you own or rent out. When you purchase this package your Personal Trainer will show you exactly how to do this and how to properly structure the deal and how to get this type of financing.
Can I build credit on a corporation or LLC I already own?
Yes. We currently offer a custom program where this is possible but it would take a much longer period of time to complete, and would cost about the same as purchasing an existing corporation or LLC with the real estate credit lines already established on the company.
Can you prove that other client’s corporations or LLCs have been approved for the real estate credit lines?
Yes. We can prove that several hundred loan distributions have been made to our clients under this powerful program. We have letters from the lending institution which can be provided to you as an example only, that has approved the $1 million real estate credit line, subject to real estate funding proposals that pass their underwriting procedures. The lender and its network of funding sources will work to obtain preferable rates. Though the amount has been established, naturally, the lender will need to be absolutely sure that the property value will support the loan and that the loan is safe to the lender before distributions are made.
Do you have other clients who have done this successfully?
Yes. One of our clients in Tampa Florida, and one of our clients from Washington D.C. started out with nothing and each of these clients indicates to us that they now have built a $6 million net worth by following the training that they received from GSCSC, Inc. under contract with our course trainer. Two other clients in Florida and Delaware indicated that they purchased $450,000 in business equipment within the first two months of receiving their packages. Another client of ours retired was a state worker and is now a full time active real estate investor, even at this time. A client in California is earning more money on his part-time activities than he is making on his current job, and he is currently one of our resellers of this program. Naturally, results vary from client to client. The program will only work for you if you do and follow the real estate training methods and techniques provided to you in this program.
What percentage of your clients are successful?
We are told by the head course trainer that 87.3% of the clients who have gone through the real estate training programs that we provide our clients with, are engaged in one or multiple real estate transactions, according to the course trainer. The few remaining people are either in the process of acquiring deals or have not put forth the required effort as taught in the course by the trainer.
Can I trust you and your company?
Absolutely! We have been in business since 1987 first as a sole proprietorship, and we fully incorporated the business in late 2000 and we are wholly committed to your success. We have a strong incentive for you to be successful for three main reasons. These reasons are:
1. Taking care of our customers is the right thing to do.
2. It makes business sense for us because most of our business is through word of mouth referrals from happy customers. And,
3. When you are happy you will be more likely to be a repeat customer of GSCSC, Inc. Our goal is to satisfy your needs and to have a long-term relationship with you. That is why we fully disclose that the funding is subject to one of our associated lenders approving each transaction and we do not guarantee financing of any particular transaction to any client in our real estate credit program.
What Will I Learn From the Training Course Associated With the Company that I am purchasing from you?
GSCSC, Inc. has contracted and setup a key relationship, established with one of the most professional and profitable real estate investors in the nation. Neil Auricchio, will teach you the very basics of purchasing real estate, right up to the most advanced techniques in the industry for purchasing real estate in a shaky economy. Purchasing real estate in the traditional sense, in today’s current market is outdated investment practice, and if you are using these outdated techniques, you probably have been turned down by most major lending institutions, especially for real estate transactions. You will learn the strategies and techniques that Neil Auricchio uses, to invest in real estate and it will help you become successful, even in the current credit crunch, and economic crisis that we are now in.
Do You Have Testimonials from Existing Clients?
Yes. We have actual written letters from clients/students who have used the real estate credit program and students who have attended the courses. In some cases, we can also allow you to speak directly with the head course trainer, but this will require advanced notice.
I have a particular property I want to buy. Will your real estate credit program work for me to acquire it?
Just about any real estate transaction can be funded directly through this program if there is sufficient safety to support the loan. One of the biggest mistakes a novice real estate investor can make in this program or any other real estate investment program, however, is to fall in love with one specific property. Many of the most successful real estate investors in our program make several offers every week. What our program can do is to tell you if the deals you have in mind are or are not to your benefit. The very experienced consultant that comes to you with the real estate credit program will help you sort out the good from the not so good real estate transactions.
Moreover, the training course tells you where to find the most profitable transactions and how to properly structure your offers. Very experienced and very new clients consistently say they enjoy tremendous benefits from the training and consulting that GSCSC, Inc. provides. We suggest that you watch the DVD training courses that we provide you or attend the live courses prior to using your consulting time so that you and your consultant will be on the same page. The difference between this real estate credit line and a traditional line of credit obtained through a traditional bank is as follows:
With a traditional line of credit an appraisal and loan safety analysis is performed before the line of credit is granted and usually requires a personal guarantee from the business owner, especially now with the current market the way that it is. Its unfortunate that most traditional banks have stopped funding real estate purchases.
With traditional credit lines, loans, and most credit cards, especially in today’s current market, a personal guarantee is always required by the credit granter.
With this program, since the property is presented to the lender after the conditional credit is presented, the appraisal and loan safety analysis is performed afterwards, and the portion of the available credit line is allocated to the particular project if and or when the appraisal and loan safety analysis is favorable to the lender granting the loan.
Will my personal credit score be involved in the real estate transaction and how will it affect the decision?
Your personal credit score is not necessarily a part of the approval process. Depending on which lender that we use to acquire your funding, they may or may not choose to use it. If the underwriter asks for it, it may or may not be used so much for loan qualification purposes as much as it is more likely to be used to verify the integrity of the person who controls the corporation or LLC. In other words, if the president or manager of the corporation or LLC has bad credit it does not necessarily affect the loan approval, depending on the lender’s specific requirements. However, if the person or persons who control the corporation or LLC have a continuous pattern of fraudulent activity that has resulted in fraud judgments being placed on the personal credit reports of the individual or individuals controling the company, then it would likely be a matter of honesty. So, bad personal credit may or may not have as much weight in the decision, depending on the lender’s requirements, but habitual lack of honesty does. Your credit reports will be looked at to further help us to validate that you are who you say that you are, as we must abide by standard lending practice and lending procedures with respect to the real estate credit lines established on your company.
How long does it take to get a transaction financed with this real estate credit program?
We get asked this question on an every day basis by potential clients. Soon after the lender is satisfied that there is sufficient loan safety to secure the loan, and the lender is willing to fund the transaction. We do not make promises on the time that it will take to close a loan, however, the loans tend to close faster than those of traditional lenders. Adequate time is needed to analyze the transaction for lender safety. Remember to give yourself enough time in order for the lender to properly perform the due diligence required. The lender will not bypass the required loan safety procedures simply because you are in a hurry to purchase a specific property. They will not forgo underwriting guidelines and procedures because you will lose the transaction if they don’t fund it on your timetable. They will not bypass security guidelines and procedures because you will lose money that you have spent for earnest money, appraisals or other items. They will only fund the transaction when they are satisfied with the loan safety and when the lender is satisfied that it is safe to fund the transaction. So, give yourself sufficient closing time to allow for this need. Here is just one example of a property that was just financed for one of our newest clients during the last week. This client just started with us about one month ago, and we financed this deal.
Client: Offer was made where the corporate real estate credit line provides cash for a first mortgage on a property in Arkansas.
Seller: Seller of the property carries back a second mortgage. We can provide you with sample contracts showing you how to make such offers when you enroll in our real estate credit program.
The 1st mortgage loan was 50% of the purchase price of the property being purchased. Up to 80% of the value can be financed under the right circumstances and if the lender feels that the loan is safe to grant to the client.
The 2nd mortgage loan payable directly to the seller of the property was the other 50% of the purchase price of the property that the seller was selling to the client.
The corporate real estate credit client was able to purchase the property for little to no money out of his pocket. Here is a perfect example of a real estate deal that will probably not get financed under this program:
Client wants to buy a property he or she has been interested in FAST. Purchase price $500,000.
Client wants to close in seven days, and Client has put earnest money up for the transaction, and Client is in contract with the Seller of the property.
Client wants to borrow the entire $500,000, and needs to do something FAST or the Seller is going to pull out of the deal and Client will lose the earnest money and other money that was put up for the deal.
Client needs funds in 24 hours, 1 week, or IMMEDIATELY.
Client also wants to borrow $150,000 to fix up the property in order to flip it and sell it fast.
Client states that its a good deal and Client does not want to lose the property, and Seller is upset about how long it is taking to close the deal with the Client.
Client wants to borrow $650,000 on a $500,000 purchase price. (See A Problem Here?)
Client says the property is worth $1 million.
The property may be worth $1 million in theory, but appraisals are done based on actual prices and not what prices should be. So, with this purchase in mind, we now have a comparable of $500,000 in the marketplace by which other properties in the area will be appraised. Though we, as real estate investors, can argue this point until we are blue in the face, lenders usually make and approve loans based lower than what the appraised value or prospective purchase price is and not based on what the purchase price could be or should be. Not that there are not exceptions to this rule; but expect this rule to be followed by the lender in most cases. Remember, we are not dealing with old real estate purchasing techniques, we are doing things differently now.
Major Benefits To The Program
Here are the major benefits to the Real Estate Credit Program offered to you by GSCSC, Inc. These benefits include the following:
Enhanced Credibility – When advertising, customer trust is enhanced when statements such as: “We have been in business since”…, are used. This program offers enhanced credibility to you and your clients.
Corporate Credit – Much easier when establishing credit with banks, suppliers, investors and venture capitalists. This program provides you with a rock solid, comprehensive, in-depth corporate credit building, and personal credit building strategy that can enhance your borrowing abilities with most lenders, even in tough times.
GSCSC, Inc. has a list of established companies that are available for immediate purchase. The companies are sold on a first-come, first-served basis. There are corporations available that have established bank accounts and established real estate credit lines. The companies are free from tax or legal liability. One exception may include California corporations where an annual franchise fee is due on the company each year.
The real estate course trainer has a multitude of clients who are involved in one or multiple real estate transactions using their companies that were acquired directly through our service. Our real estate course trainer has also purchased several of these entities for his own use as well.
One of the biggest parts of the program is education. We are offering a corporation or LLC and training on how to use it to successfully buy and sell real estate. Our program is unique and to our knowledge as of this writing, an identical program of this nature is not offered by any other organization anywhere else.
There are specific expenses that we incur on your behalf when we provide you with the corporation or LLC and the associated training and consulting services. Because these expenses are not recoverable by us once you enroll in the program and acquire the company and its benefits, they are NON-REFUNDABLE items. To fulfill some loan requests for our clients,the loan may be referred to third parties. The loan fulfilled through the third party may or may not require use of the company that is being purchased through this program. We will strive to satisfy your needs to the very best of our ability within the scope of our program. Be absolutely sure that you’ve made a well thoght out decision before enrolling in this program. GSCSC, Inc. clearly states that this program is not for everyone. It is however, beneficial to serious real estate investors that want to continue to build wealth.
GSCSC, Inc. can also provide a credit bureau approved virtual office in any US state and many foreign jurisdictions including an address with mail forwarding, telephone number and fax number. All companies are supplied with a toll free business number as well. Nominee officer and director privacy services are also available so that your confidentiality can be maintained. GSCSC, Inc. offers its clients the strongest form of asset protection and privacy protection anywhere. In addition to this, GSCSC, Inc. can provide you with a corporate identity package, and complete web presence. GSCSC, Inc. also provides business marketing services to its clients. Ask us about these services when you call us to enroll in our real estate credit program.
If you would like a blank shelf offshore corporation or LLC, these entities are also available for purchase. We can also establish and setup a US or offshore bank account for your corporation or LLC. You will have online access to your account as well as a debit card. For smaller amounts of money, you will use your debit card for purchases. For larger amounts, you will use the bank’s online service and wire money to those from whom you want to make purchases. GSCSC, Inc. provides the required Eligible Introducer Letter to the banks so that your account may be established without your presence. All you do is provide us with documents, and signatures to verify who you are, and we do all the work for you. It’s that simple. GSCSC, Inc. is here to meet your needs.
GSCSC, Inc. routinely reviews and visits the most advantageous local and offshore banking and incorporation jurisdictions. We have established key relationships with banks worldwide and can tailor make a plan that best suits your individual needs.
Real property prices and real estate lending programs are cyclical in nature. So, as a client you understand and agree that our program may change without notice. We provide service under this program for one year on an appointment, as available, basis. Contact us for more details.
To order an Aged Corporation or Shelf Corporation with Established Credit (also referred to as shelf corps with established credit or shelf corps with credit or shelf corps with credit lines or aged corporations with established PAYDEX scores), please call GSCSC, Inc. toll free at this number: (800) 922-5170. You may also reach us direct at this number: (775) 297-7250 and speak with one of our specialists who will gladly assist you. You may also request more information by sending an E-Mail to: info@gscsc.net with questions. Please call Monday through Friday between the hours of 9:00 AM and 7:00 PM Pacific Time.
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Business Trade References Exposed
Wednesday, December 12th, 2007Thank 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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