I was just looking over a friend’s business plan before he starts and he had a pretty unique idea.
Seasoned Business Trade Lines
I’m familiar with personal trade lines and feel very “iffy” about them because of the huge complexity of personal scores. Obviously they can work but your credit has to be in the right position for that and the majority of the people looking for that kind of help are not. However when he brought this up it really made me think…
A brand new business with hundreds of thousands of dollars in seasoned trade lines? All I could think was I wished I had thought of that when I started my business. With a startup no negative business debts or credits would affect the tradelines, so in theory it should boost the score. Does anyone have any experience with this?
I to would like to know more>
This has been discussed at length, use the search button up top to find the old topics.
i posted some info on my business trade lines a few months back, and am in the process of getting them, without any seasoning. what the company i am working with does, is set you up with tradelines without a personal guarantee, just a good credit score. you or someone willing to be named CFO would need to have that score. if you dont, they set you up with a CFO with a 720 plus score for an additional fee. meanwhile they also work on your personal credit to transfer balances to corporate credit and increase your personal score. the goal is to have everything out of your personal name. Once you get 250k, your CFO will be fired and you can continue building your trade lines, or pay them to continue to help. remember, all you are is the CFO, and never have to personally guarantee anything. i have about 100k so far and it has taken about 3 months. i should have the addtional 150k in another month. so far it works great, and i am already using the tradelines.
Again, this has been discussed/debated at length, so please do a search and enjoy!