What They Don't Tell You Can Hurt You

Updated: Feb 3

I guess it's just that time of year when deceptive advertising flows a little thicker, but I have been inundated with calls from subscribers being approached with "this program" or "that credit scheme".

In most cases, someone is offering some magical product or service touted as being the "be-all-to-end-all" that will solve all your corporate credit problems.

Whether they're hawking shelf corporations, credit privacy numbers, or credit partnerships, the vultures are sweeping in to feed off desperate business owners. So I thought I would take this time to make sure all my subscribers are aware of these three current half-baked schemes so you have your guard up in advance and save yourself some heartbreak (and some dough!)

SHELF CORPORATIONS (AGED BUSINESS ENTITIES) First of all, shelf corporations are just that... non-existent corporations that have been created and set on a shelf to age. They are then sold to unsuspecting victims who are told in the most flagrant of terms that they will be able to achieve credit on this inactive and unproductive company. Some even promise to get you up to $500,000 in business credit on this fake business. Here's what they don't tell you...