RMS announced today that it will begin Offering Businesses for sale; Aged Corporations with established DNB files, Paydex scores, Business Plans, Website, Financial Statements, Seasoned Bank accounts, Office space and a viable business model right out of the Box! Read the rest of this entry »

RMS announces it will begin selling 10yr Aged Shelf Corporations due to overwhelming demand.

RMS helps firms establish business credit separate from their personal credit by selling aged corporations. Aged Shelf Corporations are merely articles of incorporations that have been filed with the Secretary of State but have never been used to conduct business. Hence they have been sitting on the ’shelf’ aging like fine wine. Read the rest of this entry »

Even an unpaid collection of $30 can hurt your credit score by 20 points or more. So the quickest way to repair your credit is to call up the collection agency that you owe the money to and ask the magic question, “Do you delete?” You are asking the agency to delete their collection from your credit report and instead report the account as “PAID” or “PAID AS AGREED.” Many times, the collection agency will say, “Yes” in return for paying off the debt. By Naomi M.

In our last, repairing your personal credit, post we discussed getting an accurate score or at least the one lenders will be looking at from www.myfico.com.  In this post we will be discussing the first thing you can do when you find negative information on your credit report. Read the rest of this entry »

Today personal credit scores have a dramatic impact on everyone’s lives. If you have a high score you can get loans, buy a house or car that you want and get a great interest rate. if you have a bad score then you may be declined for all of the above, plus be unable to get a great job and/or end up paying onerous interest and large down payments to get the things you need in life. Read the rest of this entry »

You’ll notice in the above credit application that you can’t avoid giving a personal guarantee without having a corporation that is at least 2 years old.  Many people are looking for shortcuts when they start down the path of building their business credit but if you are planning on establishing credit as a sole proprietor or with a new Corporation or LLC then you’re headed down a dead end road. Read the rest of this entry »

We have compiled our Top 10 most common mistakes that businesses make when trying to establish their business credit or corporate credit.

1. Trying to cut costs by using your home address for
your business address.
2. Using a P.O. box or mail drop location for your business address.
3. Not having a separate business phone number from your home phone; also not having a fax number. Read the rest of this entry »

Here’s what you may be facing if you don’t have decent credit…

Looking to buy a used car dealership, or a Pizza Hut franchise? Thinking of selling your company? A new marketplace, BizTrader.com, is ready to play matchmaker. Officially launching Monday after months of development and two weeks of public beta testing, New York City-based BizTrader.com aims to become a one-stop shop for buying, selling and valuing small businesses. It’s not the first company to take on the market, but it hopes to stand out with two distinctive advantages: a global focus and broad search-engine exposure. While online brokers traditionally keep their listings proprietary to their own site, BizTrader.com will (for an added fee) push its listings out to broader search services like Google and Craigslist.  

 This is interesting, read it! 

Proof Building Business Credit allows you to get Master Cards and Visa without signing a personal guarantee or using your Social Security number.

There is a lot of hype on the INTERNET about Building Business Credit and with the Credit Crunch in full swing the interest in this subject has skyrocketed.  However, even diligent research into Building Business Credit can still leave you skeptical that it can really work and prevents most from taking advantage of this exciting way to separate your personal credit from your Corporate credit.

We at RMS have tried to figure various ways to convince prospects that indeed it is possible to Build Business Credit without using your social security number or signing a personal guarantee; but if you call around to a few banks or credit cards you will get laughed out by bankers that tell you this is impossible.  So it can be a hard sell and it’s easy not to trust something that sounds too good to be true especially over the INTERNET.

We decided that the best way to show proof that it really is possible to Build Business Credit without signing a personal guarantee and not giving your social security number was to get a recording from a Major Master Card Credit Department to saying it from their own mouth.

This is exactly what we have done… we have recorded a call one of our clients made into the customer service department to see exactly how his credit card was set up.   He asked if they had his social security number and if he had any personal guarantee on the card.

The customer service rep indicated that it looked like they only had his Tax Id number but asked our client to hold while she checked with the New Accounts department to absolutely verify that there was no social listed on the account and that there was no personal guarantee.

After holding for a while the rep comes back with some good news and right from her mouth says, “no there is no social on this account and there is no personal guarantee”. To hear the entire call check out this link: Proof Building Business Credit Works.

Now there shouldn’t be any excuses left that can hold you back from getting your Shelf Corporation started and Building Business Credit today.