shell1ton 0 Report post Posted August 23, 2006 I would like to be able to finance properties through my LLC.I was wondering what methods we can use to help our LLC's establish a credit record?I have gotten several offers for business credit accounts, I guess that's something I should quit automatically feeding to the shredder. Anyone else got any tips or tricks they would like to share? Share this post Link to post Share on other sites
sdkone 0 Report post Posted April 21, 2007 You are right, stop shredding the credit card offers. It’s going to take time to build up your LLC credit but you can start by opening a checking account in your LLC name, opening two credit cards and even a gas card. Don’t be afraid to use these cards. Remember, you are starting fresh so you need to show the cards being actively used and paid off (always pay more than the minimum). Secondly, not only is opening a couple CC’s under your LLC good for the LLC credit, its also good for you personally because these CC’s do NOT appear on your personal credit. Which means you can transfer any debt on your personal side to your LLC which will in return make your personal credit report look better Good luck… Share this post Link to post Share on other sites
Craig 0 Report post Posted April 24, 2007 Only use 30% of cards credit. Get that gas card to. Also go to the REI club has a good audio on credit. Share this post Link to post Share on other sites
-Tony- 0 Report post Posted November 21, 2007 beware, alot of lenders will only finance 80% thru a LLC Share this post Link to post Share on other sites
REHABHOUSE 0 Report post Posted February 19, 2008 I AM A FINANCIAL CONSULTANT I DON'T GIVE LEGAL ADVISE HOW EVER I CAN PUT YOU IN TOUCH WITH A LENDER THAT GIVES BUSINESS LINES OF CREDIT TO CORPORATIONS AND BUILDS YOU YOUR CREDIT FOR CORPORATE INVESTING I KNOW HOW TO BUILD CORPORATE CREDIT IF INTERESTED SEND TO ME A SEPERATE E MAIL FOR THE DETAILS Share this post Link to post Share on other sites
