Why Building Business Credit Cheats Don't Work
The Business Credit and Financing Show · Ty Crandall
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Show Notes
During this show, you'll discover …
✅ How hacks are fine – but business credit building cheats will never be worth it
✅ Why dishonest business credit building methods will set you back every time
✅ How cheating the system can be a disaster when trying to get funding during a recession
✅ The three main ways people try to illegitimately speed up business credit building
✅ Why buying business trade lines is expensive and unnecessary…
✅ … and how it can sometimes be connected to identity theft…
✅ … but where personal credit differs
✅ What the FBI, FICO, Equifax, and Nav all say about buying trade lines
✅ How Dun and Bradstreet will flag your credit profile for decades
✅ What a Credit Privacy Number (CPN) is, and how they are legitimate for some people…
✅ … but how they are also unethically used
✅ Why using a CPN for your Social Security number is a Federal crime…
✅ … where you can be fined or put in prison…
✅ … and how paying for a CPN is unnecessary, and can be connected to identity theft
✅ What the FTC, Social Security Administration, Department of Justice, and Better Business Bureau all say about buying CPNs
✅ What a shelf corporation is, and how it differs from a shell corporation
✅ How they used to be legit, what they do, and how much they can cost
✅ What the FDIC, Financial Crimes Enforcement Network, and Experian all say about buying shelf corporations
✅ What CRAs and lenders will do if they find out you bought a shelf corporation…
✅ … and how else they can be more trouble than they are worth
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