I was just talking to a client and he asked me how I got into Business Credit and the sale of shelf corporations and then I realized that I have not shared this on the blog yet.
It all started a little over 5 years ago when I graduated from college and I wanted to start my own business. I had an ok job that I hated and I had a couple credit cards with a few thousand dollars available. I decided that I wanted to export electronics to the Caribbean; where I was born; and business credit was going to help me start the business. I contacted a company to purchase a shelf corp that was suppose to have credit already available upon purchase. In my mind at that time, I was excited about the fact that my dream was about to become a reality. What I did not know, is that at the end of that transaction, I would be out of $15,000 in personal credit and no business credit.
When going through the process, I was told that there would be no credit available as soon as I purchased it because the accounts cannot be transferred, but it will take 7-10 business days in order to have $200K of business credit with no pg. Remember, at this time I knew nothing about business credit and there were soo many of these people selling such packages, I assumed that this must be legit. I got a corporate kit and all the works. Virtual office with a nice female voice answering my calls and forwarding people to voice mail. I 2 weeks and nothing. The company stopped answering my calls and kept giving me the run around.
At that point I was left with a shelf corporation with no Paydex, close to $15K in credit card debt and a lost dream. If I knew then half of what I knew now, I could have at least built up the corp, but I knew nothing back then. My credit card payments fell behind and my corp had no credit. I was pissed for about 3 months then I decided that if soooo many people are selling “business credit” there must be some truth to it. I decided that I will learn everything I can about business credit, and share the truth with the public while being an honest as I possibly can.
I bought every ebook I could find on the internet and went to a couple courses. I even spent money I could not afford to waste to go to california to a seminar by one of these “gurus”. Some of you may have bought is $2000 package. I realized that not only that the ebooks online were garbage, but most of the courses were out there to upsell you on something else. Many of the people in the industry were simply complete scammers, and a few of them who were being partially honest, were either not giving you all the information or charging loads of money for business credit information. This is how mybusinesscreditblog and my ebooks were born.
Marc
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