Corporate Credit Scams

Corporate Credit Scams

While most of the places you will apply for business credit are legitimate you need to be aware of corporate credit scams that exist out there. They mainly prey on new businesses that are new to the concepts of securing business credit. These types of corporate credit scams also look for businesses that are desperate to secure funding for the business.

Many corporate credit scams are operated online because there is less risk of getting caught. They will ask you to submit as substantial processing fee and then you never hear from them again. This can be very frustrating for a business that is trying to get up and running.

To help prevent your business from falling victim to corporate credit scams take the time to look into the history of the business. Check the Better Business Bureau for complaints. You also want to look into how long they have been in business and where they are located. Follow up to make sure the physical address on their website exists. Corporate credit scams can happen to anyone so be cautious when you are working with new business.

The statistics don't lie!

Most new business fail within a year. The number one reason for this failure is "lack of adequate financing"

A little insider information might be ALL that is standing between your VERY profitable business, and becoming just another statistic!

Before you spend a small fortune and all that energy creating a new enterprise, we suggest you take the time to put your financing in place BEFORE you need it!

Find out whether your corporate credit knowledge is up-to-date, or you are about to get blind sided by the banking system, like we did. (Things have really changed in the credit industry!)
Do you know how to get a LARGE amount of unsecured corporate credit?!

We didn't see it coming. We thought we knew the business credit system. We had our "professional" lawyer and accountant on retained. Then there was an unfortunate event that led us to sit down and publish this information. It is our hope that another unsuspecting entrepeneur won't be upset, or lose their dreams due to a lack of good, current information. To read more of that story click here

Patti & Robert Farnham
(authors of "Corporate Credit Power)
(Don't make the same mistakes we did! Of course, feel free to make your own new ones!)

More Corporate Credit Articles:

Obtaining Corporate Credit

Obtaining corporate credit is very important as it establishes credibility for your business and it separates the liabilities of the business from those of the owners. There are several different ways that you can go about obtaining corporate credit. It is a good (click here for the complete "Obtaining Corporate Credit" article.)

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Imagine Being Able To Open, Start, Buy or Expand
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Readers Comments

Thank you. Thank you. Thank you.
I can't begin to tell you how wonderful the ("hidden resource") is. There is so much I need to correct in my life in this area. Thanks for sharing your story and your discoveries. Please continue helping people the way you do.
May God always bless you both.
(a very satisfied repeat customer)

Sandra