Corporate Credit Scams
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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.
A little inside knowledge, and some action, could be all that is standing between your business success and wealth, or a "Going Out Of Business" sign on the front of you business.
Unfortunately, most business fail. Also, most entrepreneurs don't know the difference between the "business credit" you local bank extends you when you start a business, and true corporae credit.
click here to find out the difference!
There was a series of events that happened to us, and then with a struggling potential entrepeneur that resulted in us publishing this information. If we had known this information 15 years ago who knows where we'd be now!
To read the details of our complete credit mis-adventure, click here
Patti & Robert Farnham
(authors of "Corporate Credit Power)
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FREE REPORT!
"Do You Know The Real Difference
Between Business Credit and
True Corporate Credit??"
(the information most local banks and credit card issuers are desperately hoping you won't discover!)
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your email information will NEVER be sold, rented or traded. Period! |
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Imagine Being Able To Open, Start, Buy or Expand
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Readers Comments
Hi Patti and Rob
Thanks yo so much for all the info. I think I'm actually going to start my own restaurant. I just met with a chef who has owned and worked for many, many businesses. He said he wished he could have found your info years ago! And he's been in this business for over 30 years. I'm going to be able to do this without jeopardizing my or my husbands credit. My husband has owned his own corporation for years, and as you mentioned, everything he has done in the past 15 years reflects back to his SS# and personal info!! That stinks. We are both studying all of this new info.
Thanks Again!!
Sincerely,
Michelle
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