Business Credit

[XZiler8r]

I created an LLC in FL, however I now live in CA.  I'm using the FEIN that the IRS gave me for LLC not filing 90 or 941, because I'm not going to have any employees.  I'll be filing taxes underr 1040 SCH C, so not sure if that's going to make a difference.  I know mortgage brokers want the Sch C if you're "self employed", however noting the biz name & FEIN would they want to check that as well?

Any ideas?

[llecs]

Funny. I'm org. from central FL.

I'm in the same boat. Multiple 1099s and Schedule C. I wouldn't think they'd look at your FEIN becuase you are claiming ally our income on Sch. C.

[XZiler8r]

I had a question regarding an LLC.  If you have an LLC, you normally get 2 EIN's from the IRS.  One if you're not going to have employers, and the other one if you are, correct?

Does it matter which one you use?  I've been using the one that states that I wont have any employers and acting solely on the business.

Please advise!

[redE2move]

What does PG mean? 

[Creditaddict]

Personal guarantee

[redE2move]

Personal Guarantee as in giving your personal information huh?....That's slick it wouldn't be a business card then now would it

[Creditaddict]

HOWEVER, the only business cards I have that report to personal credit is AMEX, all others only report to personal if you become late!

[Brammy]

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fillibert wrote:

Also applied for Walmart business card online and got the 7-10 day message.  Their online application is a little quirky.  Even if you use your EIN# and ckeck PG box, they still ask for your DOB and SSN#.  I went back and checked the other box, and did not give either DOB or SSN and then got the 7-10 day processing message.

Should I try HD next? 

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I got the 7-10 too, I know my biz profile is too new.  Anyone get the 7-10 and hear anything yet?  Besides those who have posted?

[Brammy]

You can check your biz credit profile here:

http://www.smartbusinessreports.com/?link=1172&offercode=18047J0s8

I'm only showing one tradeline so far but haven't pulled the report yet.  Want to wait til I get a score.

Message Edited by Brammy on 11-20-2007 08:53 AM

[Vanyel]

I pulled my score with them a couple of months ago Brammy and it was a 41. 

The new biz account still as of yesterday hasn't posted so it hasn't moved at all in several months.

By the way if you give em the $99.00 you can track daily or hourly if you wish for a full year your business accounts.

Van

Edited to add:

Maybe we should add those scores to our tag lines  LOL

Message Edited by Vanyel on 11-20-2007 10:13 AM