I have been searching for new companies that report tradelines to experian or d&b. If anybody knows of any please post to this thread so we can get the info flowing again. I have found a few [url=http://gboogie.net/default.aspx]Home[/url] they report to experian. Bitwave design (coupon code 213) for a discount reports to experian and strategic networks([url=http://www.stntsol.com]Strategic Network Solutions|IT|Managed Services| Proactive Solutions|Data|VoIP|Voice|[/url]) coupon sode snsgb for a discount. They report to experian as well…Hope this helps anybody in my boat starting out in 2010 trying to build credit. Things in the business credit world have changed drastically.:confused:
Strategic Network Solutions is a new company that reports net 30’s to Experian. This company offers a host of services in computer and network technology. This company can be found at http://gboogie.net/default.aspx or http://www.stntsol.com . The coupon code for a discount on purchases is snsgb. Some of the services that are offered are endpoint security,proactive support,business continuity,disaster recovery and more. To find out more about there services the number to call is 818-528-5393 .
One of my favorite services is data recovery. In the event of an unforseen disaster a virtual IT environment and allows you to continue to survive during these times. Though we never think about it until it happens a crash of your IT network can be devastating to your business. Along with this another highlight of this service is unlimited bandwith. Allowing you network to expand as needed with no limitations. Remote access to management system and offsite data back up/restore are a part of this service as well.
Endpoint security is another service that this company offers. Since companies want to protect WAN and LAN points this service makes perfect since in the computer age of technology. Measures such as assessing risk to endpoints,quarantine,access control,and more…All the measures to insure that you IT network environment are safe and secure. Making it easier to sleep at night.
Last but not least, strategic network solutions boast an online store. This online store carries several trusted brands. Brands like Microsoft,apc,apple, hp and several more. So not only can you secure your network but improve your IT system at the same time. Don’t forget to use your coupon code snsgb for a discount when purchasing. Hardware and software are available in the store. They also report to experian so you can build business credit at the same time. Check with Gboogie america for more great company review and business credit information. Until the next time may your business be successful and prosper.
Here’s a sobering thought: Fifteen years ago, the six largest banks in the United States produced 17 percent of country’s Gross Domestic Product (GDP); today, the six biggest banks produce 63 percent of GDP. That means that these six banks (Bank of America , JP Morgan Chase, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley) produce nearly two-thirds of the finished goods and services in the U.S. More than our waning manufacturing industry plus all of our software or music or film or any industry that you think of as substantial, combined.
What caused this exponential explosion of bank profits? During the Clinton Administration, bank regulations, which had been in place since 1933 (to curtail abuses that led to the Great Depression), were rescinded. This opened the barn door and allowed mega bankers to freely roam, eating up smaller banks, developing synthetic (meaning they really are nothing but a bet) investment products, drastically reducing the amount of capital required to ensure bank ‘stability’, and evolving into institutions with questionable financial practices. As we learned during the Goldman Sachs’ hearings before the Senate Subcommittee on Investigations, substantial profits resulted from risky bets made using esoteric financial products.
Major banks with investment divisions sold overvalued investment products to customers, knowing they would plunge in value. Simultaneously, they bought the same products ‘short’, which means they were betting on their failure, while selling these products as if they were reputable and reliable investments.
These financial institutions went blithely forth, leaving mayhem from their customers in their wake. They seemed to hold no regard for the pension funds, college accounts, and other critical investments they wiped out. It appears that a greed culture developed in this largely unregulated banking environment. The behemoth banks, and peripheral enterprises, engaged in practices that financially gouged businesses and consumers. Their actions demonstrated they need to be reined in and governed by sound financial principles.
When the federal government bailed out the big banks in 2008, they accepted billions of dollars. Instead of using that money to invest in small businesses and make loans to consumers in communities around the country, as the Bush Administration promised they would, the banks primarily hoarded the cash or used it to further increase the size of their institutions through acquisitions of smaller banks. Simultaneously, numerous viable businesses with superior credit folded or shrunk in size because their banks cut off their lines of credit, which they depended on to buy inventory and for other essential operating expenses. As a qualified borrower, you probably don’t want the nation’s major financial institutions to hold the power to dictate your financial solvency by cutting off your access to funds, when your performance has been exemplary. That is what banks did, and can do, today.
The Restoring American Financial Stability Act of 2010, has received much biased publicity. Of course, the legislation is not perfect. There are no perfect bills because the process of making laws involves compromise among legislators with disparate views. Now that the Republicans have allowed the bill to move to the Senate Floor for debate and to add amendments, it will change significantly. No one knows what regulations will be included in the final bill. If you’re interested, the Library of Congress keeps the most up-to-date versions. However, they constantly change the URLs for their pages so you’ll need to enter the name of the bill in the search box. When the page opens, click on the box labeled Text of Legislation to read the document. Like most major bills, it’s a tome. After it passes the Senate, it will go to a Conference Committee, which will include Members from the House and the Senate. They will hammer out differences between House and Senate versions, and more compromises will occur as a final version of the legislation is honed.
The bill that reports out of the Conference Committee will not be stringent enough for some of us, who had a close-up view of egregious practices in the mortgage industry. We know banks should never be permitted to offer mortgage brokers a commission rate that is three times the normal loan commission for products that carry the greatest risk for borrowers. The country faces the prospect of millions more foreclosures during the next two years. Many of these are the direct result of unscrupulous banking practices.
Some will think any restrictions are too much. They preach: Let the market ‘fix’ itself. How na?ve to believe the banks that led us to the brink of a severe depression will magnanimously forgo billions to ‘fix’ the problems. A recent ABC News poll indicates that two-thirds of the country backs financial industry reform. When we look at the widespread devastation wrought as a result of banking practices, strong support makes sense.
I get questions from time to time about the youtube videos where i mention LLC’s not being a good structure as a one owner business. I figured i would take this time to explain why. Most cheesoe that structure because they have heard of the double taxation involved with c-corps. This can be easily be offset by giving yourself a bonus at the end of the year. The problem with one owner llc’s is that you instantly lose the corporate tax rate and are taxed as a sole proprietor(almost defeating the point other than asset protection). The structure was oringinally intended for partnerships. Limiting the liability of each partner’s investment. Making a partner only responsible for their percentage invested should the company be sued. Another drawback is most llc’s cannot be sold or transferred. The life span of the company is only as long as the life span of the partners involved. This makes it harder if you had planned to build equity in the business and then sell it later for retirement. Besides costing more to set up than a c-corp, it is not an ideal structure for business credit. This does not mean that you cannot build business credit using an llc. This is just food for thought.
Everyone has always been fascinated withe the concept of no money down real estate. So called gurus from dave del dotto (from the early 90’s) to carleton sheets, to russ whitney have all had successful creative real estate financing material. The one that always stood out the most was the no money down information. The concept is definitely a valid one and is practiced everyday even by millionaires. It actually applies to more than just real estate. In this short blog type format, i will attempt to explain it. The best way to describe “no money down” from the correct perspective would be to consider your self as a broker. You have no money to invest in, or purchase the property yourself. Your job is to bring to parties together and make a finder’s fee. That what contract flipping is. The purchase price of the property never matters. Your job is to simply negotiate the best price and terms(if possible), and to have a ready made list of potential buyers to shop it to. To make sure it is not sold out from under you, you use a contract. The contract will state how long you have to make the deal. It keeps others from being able to purchase the property unless they buy it from you. There are always signs everywhere that say “We buy houses”. It is very easy to put together a buyers list from the local investors in your area. It takes some time and experience to recognize a good deal, but sometimes you run across properties that are obviously a good deal. If shopped to the right investor, it will give you your start towards stock piling cash to go it alone without investors. In this economy, the best deals are found in rural areas outside your city limits. As the population grows along with the economy, Counties begin to annex these properties(making them apart of the city to supply the city with more tax dollars) Increasing the value. There are many different way to construct a no money down deal. Just always remember, its about creating a win win situation for all. I will leave it on this note for those that still dont understand. If you were selling a $100,000 luxury automobile and i cam up to you and said…”I will give you $100k in 3 days as long as you take this $100 for now and sign this contract saying that i have exclusive sale rights for those 3 days….I will even give you an out clause that says i will give up my right if you find a buyer and all i want is $200 for my troubles….? What would you do??
People have seen this reference on the website and have many questions. It is basically a system set up to give talented people an opportunity to work from home. It is primarily for those who are unemployed and have computer access around the clock. The individual would have to be on call 24 hours of the day via yahoo instant messenger. The company structure is set up like the hollywood version of organized crime. That being so, it must be noted that all of our activities are totally legal. They are just set up as “rackets” to keep things fun. Most come in as soldiers and must complete certain tasks to get “bumped up”(promoted). This usually involves bringing in money for the family. Soldiers that display talent and skill, will be up for consideration to be “made”. This brings you into the fold for life. Being made means more income streams and a higher cut of the “take”. Whether it may be an existing income producing website or starting a fresh one. Family members also keep all of their residuals through out every step of the process. As they climb the ladder the work they put in from the beginning continues to come in. The family will accept new members until it grows to a total number of 50. Using this number because only a small percentage will actually take advantage of the opportunity(at least from our experience). We plan to maintain a solid inner family of 30 people nationwide. Others that are interested by dont have as much time to devote may be considered as “connected”. Capos are chosen to run “crews”. For example, A Capo would serve as middle management over several websites or businesses. He/she would probably have a favorite guy/girl that they micro manage to. Crews are kept small to ensure there is enough for everyone and not a dog eat dog atmosphere. This also helps to cut down on marketing overlap. To even be considered as a potential soldier one must have yahoo messenger and be available at anytime even if he/she forwards the messages to their phone. You must sign up for a free tradebit.com affiliate account(seller accounts cost $5). You would also have to register with tubemogul.com and all of the sites that they support individually(myspace,viddler,vheo,etc.). Lastly you would have to submit a photo of yourself for the family tree. You would have to send an instant message to gboogieamerica@yahoo.com to be added to the buddy list. Also be aware, If you intend on being an active participant your stats will be available for all to see. this will create a friendly in house competition and ensure that bonds grow over time. I write this only because i get emails for more information, so i hope this helps. As far as money and percentages. it varies by product and crew. Soldiers are sometimes also pick by geographical location to ensure that there is a member in every state. This guarantees nationwide distribution for whatever the family deals in, and ensure ite longevity. After that, we go country to country. lol
There is a serious myth floating around the internet concerning the dun and bradstreet paydex score, and business credit. For some reason there are websites helping to perpetuate this myth. I get asked questions everyday about what to do once you get a paydex score. The paydex score is mostly for the public. Its a false sense of security when it comes to business credit. A paydex score simplymeans that you have successfully made 3 business transactions that were recorded and placed on your report. Even if these were 3 cash purchases you would still get a paydex score. It does not speak for your company’s lendability at all. When wondering whether or not your company is ready to move past the net account phase you must consider other variables. You must pull your credit report and look at the suggested credit limit that the bureau has asessed for you. You must look at the other scores that make up your report other than the paydex. There is a score based on what industry you are in. its calculated based on other businesses in the same field as well as their success rate. There are scores based on your financials,assets,and employees. inquiries are also calculated in. In short there are many other variables to consider and the paydex score isnt one of them. See more at gboogie.net
Along with other myths out there, people are told that aged shelf corps will help to solve their funding problems.At one point in time(long ago)that was the case. In most cases these corps were not set up properly for the purpose of credit just age. It looks much worse to posess a 10 year old corp that has no buisness financials nor filed any taxes or hired any employees. there is no sound lendability there. There isnt even a real reason to even consider funding. This is the way most of these companies structure there shelf coporations. When buying a shelf corporation, make sure that is at least appears to be a functioning company.Lenders will look at previous business activity as well as a wide variety of factors. They will look for the number of employees and check to see if you have submitted any past witholdings to the IRS. In short, buying a simple shelf corp with age just wont cut it. Even if it has some credit attached.
Its is friday night as i sit here and write this. I get several emails a day from people wondering if there is still such a thing as business credit. Because of the many changes banks have made to their lending requirements. This website is designed to give you knowledge needed to obtain financing for your business. The big business credit rush began long ago to give individuals with bad personal credit scores, and opportunity to still obtain certain financing while working to bring their personal credit scores back up. There are also those who are starting actual brick and mortor businesses and just need a little push to get them started. Some of these individuals have decent personal credit scores but do not want to personally gaurantee anything the business is applying for. Which ever category you fall into, it is always good to know that there is some work involved. Years ago you could have just half heartedly started a business on paper, order a few trade lines and wait until it hits your report. That is no longer the case. Now you have to actually set up a business which isnt really to much to ask. You simply have to have all of your ducks in a row as far as paper work. I believe this blog will help everyone navigate the site a little better. Each topic will be discussed in order. A few things from the members area will be alluded to, to make this beneficial to them as well. I will not actually reveal anything, but they will know what i mean. i hope this will help those who hate to have to go back through all of the videos just to recall one point. With that being said, ignore misplaced comma’s and things like (i type too fast). Here is the link to the page http://gboogie.net/default.aspx. Enjoy.
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