Here at Gboogie America we have a new product. This product is a bundle of Business Credit products .We report this product to Experian as a net 30. This new product includes membership,no money down business credit, how to build your own shelf corps and more. Please go to the website for more information . Ge your tradeline today!
Archive for the ‘corporate aging’ Category
Reporting Tradlines to Experian
August 2, 2010Creditboards with Gboogie
May 25, 2010The weirdest thing happened the other day. One of my people found a post on creditboards where the resident “know it all”(greywolf) called my youtube videos annoying. I found that very funny. The thing with these so-called gurus is that none of them do this for a living. They take a scenario that worked for them way back when and pretend to be experts on the subject. When in reality they are scam artists. Question… If you don’t build and sell shelf corporations for a living, how(or why)would you just hang around a blog all day to make yourself feel important?. These are the types of people who have nothing to do all day but criticize. If you don’t build corps all day long how would you know what works and what doesn’t? How would you know what tiers go where and so on? I guess based on everyone else’s input huh? What reason would you have to still be hanging around? Well i have an idea. Some people need an external source of self-worth. Instead of investigating the info so you can give your readers something positive people like that immediately shoot it down. It kills me to read things like..”well this is what i just got approved for”. I’m like…”why would you need all of these corps?” Besides all of that, that’s not even your website that you’re riding so hard. Get off of creditboards teabags and get your own site. Anyway…i gues im through venting, it’s just so easy to tell when people don’t know anything. The guy acknowledged that he say my videos. Why would a business credit “expert” be looking at my videos? Why would he be searching the internet for info if he already knows everything? this is very puzzling. I never search the web for information on how to build business credit because i already know how. I get sent links from associates every time they see my name mentioned somewhere. Thats the only time i even entertain what was said. besides that….i have too much to do like actually building corps and showing others how to do it. SO….. This is a request for anyone who has gotten any useful information from our youtube videos,ustream videos,mogulus(livestream)videos,stickam videos, or the videos or ebooks from our website. Go to creditboards and let everyone know this. After viewing our information, please go there and view theirs(if you can find anything relevent). Leave a post with our website name and let people know where they can go to learn a little bit more(assuming they learned anything from there). I think information should be available to everyone and one know it all(greywolf) should not stop people from being successful because of an ego problem. Thanks im sure this will help everyone. For everyone that goes over there and leaves a post. If you send us the posted link we will give you a special discount on membership.
gboogieamerica@yahoo.com
No Money Down Realestate with Gboogie.net
May 4, 2010Everyone 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??
New Business Credit blog with Gboogie
April 25, 2010Its 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.
I hope this will help everyone
New One on One Business Credit
April 23, 2010We are now offering a special one on one service That helps
to prevent common mistakes that new business owners may
make when trying to build a business credit profile. This also
in intended to help with the learning curve involved with this
new information. Most of our website visitors have been asking
for this service so we have decided to give it a test run. We will
only accept the first ten people who sign up in order for us to
determine what is a suitable work load. This helps prevent us
from having too many clients which would cut down on our ability
to give each individual the attention they need. This service also
comes with full lifetime membership.
How to get Corporate Credit with Courtesy of www.gboogie.net
April 23, 2010|
BUSINESS BANK LOANS
step by step.
I don’t know if any of you remember the old school credit repair trick. Where you open a bank account, apply for a loan secured by that bank account, and then repeat the process two more times. Well, this is actually still true with corporate bank loans. Most business owners want to know how to go about qualifying for unsecured bank loans. I can tell you that it will not happen overnight. It takes time, planning, and a budget of some sort to start with. For our example, lets say our time table is a strong 90 days. Our budget is $3000.00, and our goal is a modest $50,000 in unsecured lines of credit. Let us assume the business is incorporated, already has a land line phone, and a checking account with $3000 in it. The first thing we would need to do is open a savings account for the corporation as well. Making sure that no matter how small, regular deposits are made to the savings account over the next 90 days. The reason for this is, there must always be positive activity on a savings account to show that the business is at least saving something. We would then make sure that our business plan was so good, and well thought out that the bank might give us the money without any collateral. It must be detailed, and explain every step of the way how you plan to make the company successful. A lot of new corporations overlook this step. It cannot be a generic business plan template that was download off the internet. It must be a plan that you believe in and understand. This enables you to sell the bank on the idea. Next we will withdraw $1,500 from our corporate checking account leaving $1,500 remaining. Special note: make sure your bank gives short term secured loans before opening an account with them. some banks do not. It is also important to complete all the steps outlined on the business credit basics page. This will only increase, and strengthen your position. Now again, keep in mind this illustration is done with the understanding that all previous steps have already been taken. At this stage you should already have a decent d&b file, as well as experian business. This will definitely be needed as your plan B. Keep all your receipts from net 30’s you have paid. Keep all utility bills for your business in a separate file. Make sure you have all of your revolving account info in a separate file. Paperwork, and overkill are our key words to focus on here. With the remaining $1,500 left in the corporate checking account, we will purchase a 9 month CD(certificate of deposit) for the amount of $500.00. Leaving $1,000 remaining in the account. With the $1,500 we withdrew, we will open a second corporate account at a competing bank. The choice of the bank is very important. It must offer secured loans to business starting at $500.00. Some banks start at $1,000 as their minimum, so this is a key piece of information you must have. Once we locate an appropriate financial institution, we will deposit $600.00 into a corporate checking account. That would leave us with $900.00 in hand. Special note: Always remember that you can pretty much borrow 80% more than what you have, any day of the week from the bank. But we want to get it up to 90%. Meaning: If Your corporation has very little bills, and $3,000 in cash. Your business will easily qualify for a $15,000 loan. But we want $30,000. How? Simple. It’s very similar to obtaining a mortgage. The general practice is, as long as you have 20% in cash, you are approved(this is just a general statement) . Whether it be in cash or assets. preferably cash or CDs. The difference here is there is no down payment, So our corporation must have at least $3,000 in the checking account for at least three months with deposits made regularly to that account. This shows that not only does the company have this money in the bank, but it is also steadily adding to it. Meaning we can repay our loan without having to touch that money. Even if we may actually have to. CDs Are needed for a couple of reasons(bonds are just as good). For one thing, they give us a financial track record. A large percentage of start-ups have no banking references on companies. Corporate checking accounts,saving accounts,insurance,401k’s,retirement account for corporations, auto leases. All of these leave a financial paper trail. Secondly CDs give us a little leveraging power. Our cash is now worth more than it was instantly. Not by a whole lot but still, every little bit counts. Ok! with the $500 CD in bank #2, we will apply for a secured credit card backed by the CD four to five days later. We will leave the $100 alone for a little while. I haven’t mentioned the corporate savings accounts for a reason. You can deposit whatever you can afford into them as long as you make regular deposits over the next two months. Recap: $3,000, two corporate checking accounts,two corporate savings account,Two CDs,and a secured credit card. G boogie |
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