Comments on: Establishing Credit With a New Taxpayer Identification Number

By: Joe

Joe — Tue, 10 Jan 2012 14:24:23 +0000

I am in the same boat as Tina any help would be great full !

By: Alicia

Alicia — Thu, 22 Dec 2011 21:10:20 +0000

regarding the commment made by TINA……I would also like to know that information please help!!! ANYONE???

By: Tima

Tima — Sun, 04 Dec 2011 22:53:21 +0000

Hi everyone. I skimmed through this entire listing and am unfortunately still left with several questions… Most applications require name last name etc… Do i put my personal info there but use the ein in the social section or is there a different method… And maybe this has been answered several times throughout this listing… But could someone please post a list of creditors that will approve credit strictly by ein without pg for a fresh corporation?

By: George

George — Wed, 16 Nov 2011 14:18:08 +0000

Mark; I think I am right in this but an S corp is a pass through entity and I’m not sure you can circumvent the personal info process in obtaining business credit. They will ask for names of the officers (which is you and whomever else) a personal guarantee, and their personal credit info such as SSN and credit references.

Keep looking; there are some vendors that will give you business credit; but I would recommend an LLC as an entity. You can also establish business credit by getting a secured credit card from your bank.

By: Mark

Mark — Thu, 20 Oct 2011 19:23:20 +0000

Adam, Can you name a few of those companies? Everywhere I have looked wants my personal information and SSN and admit that they are going to look at my personal financial situation. That defeats part of the purpose of being inc. I am recently incorporated as an S corp for a service business and I am having no luck finding even small amounts of credit to build a history with.

By: adam

adam — Wed, 17 Nov 2010 15:09:58 +0000

James never use your own personal credit when applying for anything business related, there are companies out there that will support you without it, do your homework!

By: James

James — Sat, 17 Jul 2010 22:03:50 +0000

Ok, I have been a dba owner for over 12 years. My credit is “Crap” due to divorce and medical bills.

Is there a list some where for New LLC business credit, such as secured business cards? I’m going to create a new LLC for Jan 1st 2011 and want a head start on this stuff.

By: francis nangle

francis nangle — Sun, 13 Jun 2010 19:54:05 +0000

just getting into the banknbonus thing.have had some luck getting bonus but think I need lots more organization. are there any specifically pertaining to this? are there any computer programs I could install?

By: RAY

RAY — Tue, 16 Feb 2010 07:59:48 +0000

I would like to use EIN to establish credit I don’t have business(but planned to open one) to apply for Staples I need bank account but the thing is to get bank (business) account is like running in circle never mind bus. name but they will need contact person and ssn# that where everything stops !!!!!!!!!help please anyone?thanks

By: Nick

Nick — Thu, 14 Jan 2010 15:34:07 +0000

This is a great website, I have had so many of my questions answered, just by reading previous entries. I live in the UK, but decided to start an American LLC last year. Due to my determination and endless hours of research on the Internet, I was able to form it, raise a EIN number (which took so many phone calls) open a Business bank account, I wish I had found this website earlier it would have saved me so many hours of my time. Thank you. I will now start to attempt to gain credit, my question is , I have a D&B number, but they have contatced me recently and said I need to pay $137 to make the file active and allow reporting on it, is this true, as I have looked at it myself on line it appears as ok. Any advice would be appreciated.

By: keith

keith — Sat, 07 Nov 2009 09:58:11 +0000

Hi , what are the companies that I can apply and recieve a credit card to start my own business

By: kim

kim — Sat, 22 Aug 2009 02:24:48 +0000

i have about 6 net accounts and just form my llc . but i still have no paydex score and can’t find a loan or line of credit a\or a credit card ..can some one help

By: kim

kim — Sat, 22 Aug 2009 02:22:42 +0000

staples is quill..so try and go to quill.com hope this helps

By: Melanie

Melanie — Wed, 08 Jul 2009 15:04:05 +0000

Yes, apparently! Everyone has tightened up!

I dont know how anyone with a new business and less than excellent credit gets ahead now

By: Brad

Brad — Wed, 08 Jul 2009 14:54:44 +0000

We recieved our business card from staples over 5 years ago and have been using fed-ex monthly with a business debit card to back the fed-ex account through our operating account with our local bank. Staples has tightened things up. Good Luck.

By: Melanie

Melanie — Wed, 08 Jul 2009 14:52:13 +0000

Many of them also want you to have been in business for at least 2 years.. I just started my business last year…

By: Melanie

Melanie — Wed, 08 Jul 2009 14:51:45 +0000

Yes, absolutely; I applied for a business card…
and nothing …

By: Ted

Ted — Wed, 08 Jul 2009 14:48:47 +0000

did you apply for a BUSINESS card?

By: Melanie

Melanie — Wed, 08 Jul 2009 14:45:41 +0000

Not sure how you folks are getting a Staples card; I went and applied and they wanted me to give them
my S.S. # … needless to say I couldnt apply.

Whats the deal? I gave them my EIN number — but still nothing…

By: Ted

Ted — Wed, 08 Jul 2009 14:44:56 +0000

blank checks, that is.

By: Ted

Ted — Wed, 08 Jul 2009 14:30:04 +0000

Brad,

That doesn’t sound right.

staple does report, as do many other vendors.

you should also think about what other vendors you use that can report.

if you are going to pay the fee (for creditbuilder), at least think about what other vendors you do business with.

for example…

water cooler service?
local printer or graphic artist?
local pizza place?

if you do pay you should make sure to get as many vendors as possible on it!

there are many many office supply vendors that report.

but even if you don’t need the stuff, it payd to buy somethng (black checks? a shirt?) from nebs, uline, and similar companies- if only to improve the nuber of vendors report on your account.

By: Brad

Brad — Wed, 08 Jul 2009 14:23:01 +0000

Ted,

This issue is we dont need services like NEBS or any other vendor for credit. We are attempting to purchase the building we are in with our business corp credit. All we really need is fed-ex and staples which is paid off on a monthly basis and neither of them have reported us to d&b. If We could find someone else like staples to purchase paper,ink etc on credit who reports to d&b then maybe we could urge fed-ex & staples to report also. Then we would have three. Since we are a s.corp none of the officers wont to sign a p.g. Staples gave us credit on our EIN 5 years ago but has since change their policy unless you have a paydex score however they have not provided d&b with our credit history with them. I thought you were affiliated with d&b and after my call with them I was somewhat p-offed. If you know of any other office supply companies who report to d&b post the link!

By: Ted

Ted — Wed, 08 Jul 2009 14:13:57 +0000

i’m saying that D&B pretentds that you need to pay. i know that thats why calling them won;t help.

but in real life- you dont need to.

and yes, I agree with you about the monopoly part 1000%.

By: Ted

Ted — Wed, 08 Jul 2009 14:13:03 +0000

Brad, its not an issue to debate.

suffice it to say that i personally have been involved with many companies that have gotten d&b without paying a penny to dun and bradstreet.

read this: http://ezinearticles.com/?What.....;id=547527

you can go to companies liek NEBS, and once you pay them they will report to your Duns number.

try it before you throw hundreds of dollars out the window…

By: Brad

Brad — Wed, 08 Jul 2009 14:04:03 +0000

Ted,
You are patently incorrect. we just spent over an hour on the phone with d&b and they asked us who we have open lines with and we discussed we are a cash only company to date other than staples & fed-ex. They explained to us by joining their service they will contact our creditors and verify our pay history. They went on to say that both staples & fed-ex are members of d&b and they have a paydex score so we could use them to report toward our paydex score although we had no paydex score from doing business with fed-ex and staples for over 5 years? When I mentioned the only other line of credit is our landlord who we lease our commercial space to (they require three) they informed me that the landlord would have to become a member and have a paydex score themself in order to qualify toward our paydex score. I dont see you defending the monopoly issue? pick up the phone right now and call them an ask them.

By: Ted

Ted — Wed, 08 Jul 2009 13:41:22 +0000

Brad,

that is patently incorrect.

while D&B makes it seem that way, you DO NOT NEED TO PAY DUN AND BRADSTREET A SINGLE PENNY to get a paydex score and dunns rating.

By: Brad

Brad — Wed, 08 Jul 2009 13:26:44 +0000

We have found that in order to get a paydex score through Dunn & Bradstreet (d&b) you must subscribe to their service which is quit expensive. They require several of your creditors to report to them in order to establish your paydex score. The clincher here is your creditors must also subscribe to D&B) or they will not be considered. I call this a monopoly!

By: phillip

phillip — Tue, 07 Jul 2009 19:40:05 +0000

i would liketo get a list of credit cards and loans with using my tax of duns no.

By: Melanie

Melanie — Wed, 24 Jun 2009 16:27:26 +0000

As far as Staples is concerned– I just applied to them with my EIN, but they require a personal guarantor… which means they still want your personal credit information… I’m still looking for a creditor that will offer me credit without a personal guarantor. Has anyone found something yet without having to pay some agency loads of money? lol

By: Steve Dussault

Steve Dussault — Tue, 02 Jun 2009 01:34:13 +0000

I just got a Staples card using only my EIN – piece of cake! I don’t know what Staples requirements are, but I’ve had my EIN for about 4 years and got a visa card about a year ago that reports against the EIN, but requires personal guarantee.

By: Brad

Brad — Sat, 16 May 2009 00:31:43 +0000

staples & loews is a great place to start. You can also set up a d&b# on line to get your name out there. We will be reporting credit to the three major credit bureaus & d&b so we can improve or help get you established. Im interested in computer hardware companies who will give 30 day terms with just a EIN?
Who can also build our credit, Any suggestions?

By: Travis

Travis — Tue, 12 May 2009 18:03:26 +0000

I just started a new LLC business and recently aquired my EIN number, how long does it take, after you receive the number that an actual credit report is set up to open checking accounts and business cards

By: Amien

Amien — Thu, 07 May 2009 22:36:18 +0000

The most important info is in posts 10 and 39. They’re all you need. The rest is due dilligence.

By: Rachael

Rachael — Mon, 20 Apr 2009 12:32:43 +0000

I have a small boutique. I was able to obtain staples and dell credit with using my social security number. I am still trying / looking for a credit card that I will JUST use my EIN number. Does anyone know anywhere? PLEASE PLEASE

By: JLatham

JLatham — Wed, 18 Mar 2009 07:43:00 +0000

I am a sole proprietor selling from my own websites since 1998. I file schedules C & SE. I have had my EIN number since 1998 also. I have never applied for credit in my business name but have been called by the credit bureaus a few times over the years for info. Question: will I need to change to LLC, etc to get business credit?

By: bette

bette — Tue, 10 Mar 2009 17:29:47 +0000

looking for lines of credit using tax id no. only..been in business 9 yrs.

By: John

John — Fri, 20 Feb 2009 20:53:00 +0000

Bank of America is no longer accepting online business credit card applications as of 2-20-09.

By: paydex

paydex — Sun, 02 Nov 2008 09:47:36 +0000

LaToya,

if you haven’t had any checking account problems in the past, like bouncing checks or having your account closed on you, you should be able to get a checking account by any bank that verifies with systemics (as opposed to with equifax).

in addition, this happens to bring up a great reason why you should work on your equifax file first when cleaning your personal credit report- it’s because many banks use specifically them when someone comes in to open a bank account.

(the two most checked places by banks, in my experience have been chexsystems and equifax.)

By: Melissa Banks

Melissa Banks — Thu, 23 Oct 2008 01:37:16 +0000

Ive tried to apply for Staples an Office Depot cards for my business, unsuccessful. The problem is; there asking for a personal guarantor, because im jus now forming a LLC for my business, ive actually been in business for a yr 1/2, but I’ve formed the LLC for my business 2 months ago, unless you have previous credit history from your business they will need a personal guarantor. Everything that has been purchased for my business in the last year has been by me paying cash or using my own personal credit cards or checks, Im not on any credit lines or anything for my business. Should I just wait it out until I start to recieving credit card offers in the mail? Or keep trying?
((((((((PLEASE HELP ME!! ANYONE!!)))))))) Thanks!!

By: Dante

Dante — Mon, 20 Oct 2008 08:26:46 +0000

Here is my list of cards to apply for without PG:

Gas- Cheveron/Texaco, Exxon/Mobile, Shell, Phillips 76, and Arco.

Net 30’s- Barnes & Noble, FedEx (net 15), and CDW

Credit Card- Home Depot- MasterCard (very generous), KeyBank- MasterCard, Staples, Office Max, Office Depot, and Loews.

You must make sure that you are in D&B and have a PayDex score of 80 and above. Also, you must be in business at least 2 years and would help if you are some type of Corporation.

I have a question to ask, does anyone know of anymore Visa or MasterCards to apply for without the PG? I would like to grab more of these cards for my business.

I hope my info is helpful to everyone. Good luck!

By: Linda

Linda — Fri, 17 Oct 2008 21:10:52 +0000

I am in the process of aquiring an EIN. I would like to establish credit in my home business name. Which cell phone companies, credit cards, stores are the best? My credit is fair, but not good enough to get the best rates. I would like to use my EIN only, not my SSN because I was notified of possible fraud on my credit reports and I am trying to get them cleaned up from that. I also found out there are three other people in my town with the same name. Would it be better to try to get a different SSN so I can distinguish it from the one that may have been used in the fraud?

By: LaToya

LaToya — Tue, 07 Oct 2008 00:44:24 +0000

I’m in the process of getting my business off the ground, I have some personal credit issues I’m afraid will hold me down. Where do I start to build credit & acquire a checking account with my EIN # only?
Please help!!!

By: Melissa Banks

Melissa Banks — Mon, 06 Oct 2008 15:06:56 +0000

_Yazmin,
When u recieved your card at Bank of America, did they require your ssn?
I just formed an LLC for my Business, having it hard right now, applying for credit cards that need your ssn.
My credit score isnt all that bright, so i’d rather just use my EIN number.

By: Paydex

Paydex — Tue, 16 Sep 2008 19:50:51 +0000

with staples, you are most likekly to get approved by PRINTING OUT the application and FAXINg it to them along with a professionsal business letterhead and fax coversheet, along with a phone bill or whatever else you have that shows you are legit.

also, skip the PG part if you have one on any application- this will not work online but on faxes you will many times be APPROVED without it!

Paydex

By: Yazmin

Yazmin — Tue, 16 Sep 2008 14:55:55 +0000

To Aarin Bailey: I just got credit with Bank of America using my EIN. They started me off with $500 and said i could raise it in 6 months if i wanted to.

By: AARIN Bailey

AARIN Bailey — Sat, 02 Aug 2008 06:56:36 +0000

So I had my identity stolen and I work for a mortga ge company which is my parent company. I applied for a sole prop. EIN and I cant seem to establish credit with anyone. Everyone asks for my SSN which does me no good since I am in the process of trying to get a new SSN due to again identity theft. I don’t know what credit cards will accept me most haven’t and I can’t seem to get anywhere with this. Can anyone help?

By: Taura

Taura — Fri, 01 Aug 2008 14:13:29 +0000

I am a single mother and student that would like to start my on business. How can I get started doing business using ebay?

By: Steve

Steve — Fri, 27 Jun 2008 07:52:18 +0000

When you use your EIN to apply for say staples
card. Does your EIN still link to your SS# and
show up as a inquiry?

By: Daniel

Daniel — Tue, 20 May 2008 21:04:03 +0000

Hey Ruth,

If you are no required to have a business license, then call Staples, Office Depot & tell them that you don’t need one and it is not required for the type of business you conduct.

Usually they will try to verify your business number & address, send them something about you incorporating or your articles of organization if you formed a LLC.

All they want is some kind of business documentation saying that you have been in business.

By: Ruth

Ruth — Tue, 06 May 2008 19:27:52 +0000

I have tried every method noted above – My business has been active since 2006. I have applied at Staples, Office Depot and Discover. Each requested that I send them a copy of my business license. In the state I live in (RI) a business license is not needed since I am a consultant. I have the utility bills for the location I work out of and my business bank info but they still say its not enough. What can I do?? Someone help