Business Credit, The Backdoor Appro

Discussion in 'Credit Talk' started by WestCap, Nov 25, 2001.

  1. zyzy1688

    zyzy1688 Well-Known Member

    EIN vs SS#

    Dont get me wrong, the US is THE greatest country; this is my one & only home and I loved it with all my heart....but too many ppl take advantage of the system, ... when the ppl that really need help shows up, our gov cannt affort it because the other abuse them...
     
  2. Butch

    Butch Well-Known Member

    Re: EIN vs SS#

    Right!

    When the people lead, the leaders will follow.
     
  3. bbauer

    bbauer Banned

    Re: EIN vs SS#

    Until that time the leaders will gleefully hop about the planet using multimillion dollar missiles to blow up $10 tents only to hit camels in the butt.
     
  4. slppryslp

    slppryslp Well-Known Member

    Re: EIN vs SS#

    heh, I just saw a lecture yesterday by a war correspondant part of which touched on whether or not to allow pilots to have guns on airplanes. A number of TV commentators expressed concern that the pilots could be distracted or an unsafe condition could be created. He had to laugh because he had never been on a military plane where the pilot DIDN'T have a gun (he's been on more planes than he can count, he's 73)-- and somehow they managed to land the planes without shooting themselves in the foot. He, too, thought it was ridiculous that we were becoming militant with our airports when 2000 unknown people a day cross our southern borders. Why would you go through a heavily regulated airport when you could simply cross an open boarder with whatever arms you wanted??
     
  5. zyzy1688

    zyzy1688 Well-Known Member

    Re: EIN vs SS#

    that is what I mean!! watch our back door instead of figuring out the new locks for the front porch!
     
  6. Nestea

    Nestea Well-Known Member

    Re: Re: Business Credit, The Backdo

    Sorry to Un-Hijack the thread....
    OK, the number hit 411.

    Now it time to get the DUNS number....

    what sort of amounts does D&B want to see from past creditors?
     
  7. bigmon

    bigmon Well-Known Member

    Re: Re: Business Credit, The Backdo

    Can you get a 411 listing on a home based business?
     
  8. Nestea

    Nestea Well-Known Member

    Re: Re: Business Credit, The Backdo

    Yes, depends on the phone number if its listed as a "business" account.

    higher fees and charges for a biz telephone servfice account, though.
     
  9. Hope

    Hope Well-Known Member

    Re: Re: Re: Business Credit, The Backdo

    They don't care. But if you can, let your vendor contacts know that DnB will be calling and to please respond.
     
  10. Nestea

    Nestea Well-Known Member

    It seems that CitiBank issues [BOLD]all three[/BOLD]
    of the above mentioned cards...

    any info? "if your cop. makes under $1MM a year, you should give us a personal guarantee"
     
  11. Nestea

    Nestea Well-Known Member

    Bump... any info on this?
     
  12. Nestea

    Nestea Well-Known Member

    SOMETIMES THIS THREAD IS BUSY...

    SOMETIMES TWO "BUMPS" CAN'T HELP :-(
     
  13. Nestea

    Nestea Well-Known Member

    bump
     
  14. Amy B

    Amy B Well-Known Member

    Business "cards" with no pg?

    Who has business cards that did NOT require a PG, or did require a PG but didn't pull or report on your personal credit?

    We have recently incorporated, have a Corp. phone line and checking, signed up for D & B Credit builders....We have some trade references that we can report, I understand they don't want you to send in other credit cards or utility companies (we have rentals etc.), so if anyone has any tips to share of what's worked for them, that'd be great.
     
  15. creditwork

    creditwork Well-Known Member

    Business "cards" with no pg?

    I checked CreditWorks D&B with a free report that they gave my consulting company, the credit cards did show up, but since that is the only credit we have it is OK. We don't lease or own a vehicle under the CreditWorks name, so credit cards are our only real reportable credit.

    www.creditsense.com
     
  16. Ruby

    Ruby Well-Known Member

    Business "cards" with no pg?

    The only business card I got with no personal info was a BP thru Citi with a cl of $5,000. If a CC company pulls a personal CR for a business card does the hard inquiry stay on my report?
     
  17. creditwork

    creditwork Well-Known Member

    Business "cards" with no pg?

    I have never seen an inquiry for either of the 2 businesses that I am involved with on my personal credit report.

    www.creditsense.com
     
  18. slowmotion

    slowmotion Member

    Business "cards" with no pg?

    Hello,

    My curiosity has gotten the best of me now. I have have a carepackage business for about 3 years now not really much business coming in though. Now i'm about to go into business with a web consulting company there won't be any employees except me and the 3 people in the consulting business my questions are....should we do a llc or c corp or s corp whats the difference between a c or s corp me & the other company are all new to this?
    What happens if you don't file taxes cause you never made any money can u get in trouble?
     
  19. Ruby

    Ruby Well-Known Member

    Business "cards" with no pg?

    You are supposed to file even if you make no money or show a lose.
     
  20. jason_l

    jason_l Well-Known Member

    Business "cards" with no pg?

    you better research this in depth, as there's a lot of tax implications in which sort of company you form. You will have to pay estimated taxes quarterly, and file regardless of owing. I have first hand experience in a very similar situation, as i owned a small consutling company for a while (software engineering) and screwed myself on the taxes. I got 30k in the hole one quarter, and then IT work dried up and i never was able to recover. luckily i I used 1099 sub contractors instead of employees, as I would have been in an even worse jam.
    One thing I learned above all else is to have at least 6 months of a financial cushion set aside. If you bill net 30, which is standard, youu're looking at 2 months delay getting paid.. many times i ended up with slow pay clients, and went many months w/o invoices being paid (one client was a MAJOR bank and they were regulary 60k behind). The next I move into that arena, I'd make sure above all else that I had a line of business credit established - a friend of mine had 100k in credit to tap into to cover payroll (even though he only had only 1 employee - himself), and he was able to weather the downturn, when clients were harder to come by, quite well.
     

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