Thursday, March 6, 2008

3rd Common Misconception about Credit

2) I have to use my personal funds and credit to fund and run my business.

Almost everyone I've talked seem to think that Business's have to be ran under your credit. They also don't understand that Business's have their own credit. A business owner can walk into a bank and if his business has a good enough rating, he will not have to sign a paper with his name on it.

Any reasonably sized business that uses credit for anything should really pay attention to this misconception, it really does hurt you. Business Owners are really hurt with our current system because you have to sign for all of your personal credit, AND your business credit. This doesn't have to be true for you though. By utilizing techniques we teach, we help start your business credit file, build it up with trade lines, and help you acquire those hard to get Line of Credits and Credit Cards, many without you guaranteeing them.

The best thing about a business credit profile is that it allows you to hide debt. Anything you put on a Business Account never shows up on your credit profile. This allows you to use your business as you need to, without worrying about hurting your personal life and credit.

Businesses that don't use credit regularly can still use this method to earn interest off of the banks. Many of our customers make over $6,000 just in interest by using our techniques and tips. Stop depending on credit and the banks, start making them work for YOU.

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