Is it safe or a scam to buy a shelf corporation to get a line of credit?
September 28, 2009 
3 Comments
I received an email from B2B CREDIT SOURCE selling shelf corporations to get a line of credit. I called the number to get more info. The shelf corporation is registered in the state of Nevada. The purchase price is $15,000 and 5% OF THE AMOUNT APPOVED FOR THE LINE OF CREDIT. It will take 60days to obtain the line of credit from $150,000 to 200,000 with NO PERSONAL GUARANTEE. Dave the agent at b2b credit source said mostly the 60days is for them to build the Dun and Brad score. Is there anyone out their, that has ever bought a shelf corporation for this purpose?
THIS IS THE EMAIL I RECEIVED.
Are you a Mortgage or Real Estate professional looking for investment money?
Get $200K in corporate financing to advance your company to the next level!
Get financing with no personal credit check or guarantee!
CLICK HERE For More Information By E-mail
At B2B Credit Source we have access to a private lender that will lend up to $200k
completely UNSECURED to ANY BUSINESS OWNER or INDIVIDUAL WISHING TO
START A BUSINESS!
* FINANCING IS APPROVED BASED ON CORPORATION’S CREDIT SCORE
* COMPLETELY UNSECURED
* NO PERSONAL GUARANTEE REQUIRED
* NO CREDIT CHECK!
* FUNDS AS SOON AS 30 DAYS
* RATES START AT 7%
Utilizing our unique and exclusive private money corporate credit program, ANYONE
CAN PARTICIPATE. Regardless of your credit!
* Become a referral affiliate and start earning commissions for referring your clients!
Call today!!!
B2B CREDIT SOURCE
800-906-7706
That’s a total scam. I would not go for it
This sounds like a complete scam to me. They will take your $15,000 and run. No one will lend at 7% without a credit check because you bought a shelf corporation.
References :
It is the policy of B2B Credit Source to address any positive or negative comments made about the company on the internet.
B2B Credit Source helps hundreds of business owners each month develop corporate credit and expand their companies. This is done through a process that takes time and expense. These time frames and expenses are made clear to each person contacting our company. Unlike other companies offering similar services for far less money, we do deliver the product we are selling. Caution should be taken when dealing with any "company" or person offering a similar product for a "too good to be true" price. Our company follows all legal procedures to deliver the end results needed without putting our clients in harms way. These processes are handled through a team of attorneys that are all part of the necessary upfront costs. It has always been the policy of our company to return any money invested in our program if the client decides not to move forward if at the time we have not incurred any hard costs on the clients behalf. We have always maintained a high level of customer service that gives our clients online access to their file status as well as our 800 number that is always answered during business hours. It is a strict policy that we never share any information about our current or past clients. Each client that engages in our process signs a Confidentiality and Privacy Agreement. Therefore we are unable to give out "referrals" to any incoming clients through fear we may violate our agreements with existing clients. We also advise that if a client is uncomfortable moving forward with our process, they should not do so and seek other means of financing. Please also be aware that there are several companies with "B2B" in their name. B2B Credit Source can be found at http://www.b2bcreditsource.com.
Finally any slanderous or false comments made about B2B Credit Source will be forwarded to the company´s attorney to be dealt with directly. Please direct all of your questions or calls to our VP of Sales at 800-906-7706
References :
That’s a total scam. I would not go for it
References :
http://credit—card.org/