Comments on: Establishing Credit With a New Taxpayer Identification Number http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/ personal finance tips, tricks, and commentary Sat, 21 Nov 2009 22:51:28 -0500 http://wordpress.org/?v=abc hourly 1 By: keith http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-2/#comment-136192 keith Sat, 07 Nov 2009 09:58:11 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-136192 Hi , what are the companies that I can apply and recieve a credit card to start my own business Hi , what are the companies that I can apply and recieve a credit card to start my own business

]]> By: kim http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-2/#comment-134362 kim Sat, 22 Aug 2009 02:24:48 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-134362 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 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-2/#comment-134361 kim Sat, 22 Aug 2009 02:22:42 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-134361 staples is quill..so try and go to quill.com hope this helps staples is quill..so try and go to quill.com hope this helps

]]> By: Melanie http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-2/#comment-133030 Melanie Wed, 08 Jul 2009 15:04:05 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-133030 Yes, apparently! Everyone has tightened up! I dont know how anyone with a new business and less than excellent credit gets ahead now :( 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-2/#comment-133029 Brad Wed, 08 Jul 2009 14:54:44 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-133029 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. 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-2/#comment-133028 Melanie Wed, 08 Jul 2009 14:52:13 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-133028 Many of them also want you to have been in business for at least 2 years.. I just started my business last year... 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-2/#comment-133027 Melanie Wed, 08 Jul 2009 14:51:45 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-133027 Yes, absolutely; I applied for a business card... and nothing ... :( Yes, absolutely; I applied for a business card…
and nothing … :(

]]> By: Ted http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-2/#comment-133026 Ted Wed, 08 Jul 2009 14:48:47 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-133026 did you apply for a BUSINESS card? did you apply for a BUSINESS card?

]]> By: Melanie http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-2/#comment-133025 Melanie Wed, 08 Jul 2009 14:45:41 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-133025 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... 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-2/#comment-133024 Ted Wed, 08 Jul 2009 14:44:56 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-133024 blank checks, that is. blank checks, that is.

]]> By: Ted http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-2/#comment-133023 Ted Wed, 08 Jul 2009 14:30:04 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-133023 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. 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-2/#comment-133021 Brad Wed, 08 Jul 2009 14:23:01 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-133021 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! 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-2/#comment-133020 Ted Wed, 08 Jul 2009 14:13:57 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-133020 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%. 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-2/#comment-133019 Ted Wed, 08 Jul 2009 14:13:03 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-133019 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-is-a-Paydex,-and-Why-Do-I-Need-One?&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... 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-2/#comment-133018 Brad Wed, 08 Jul 2009 14:04:03 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-133018 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. 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-2/#comment-133017 Ted Wed, 08 Jul 2009 13:41:22 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-133017 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. 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-2/#comment-133016 Brad Wed, 08 Jul 2009 13:26:44 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-133016 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! 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-2/#comment-133000 phillip Tue, 07 Jul 2009 19:40:05 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-133000 i would liketo get a list of credit cards and loans with using my tax of duns no. i would liketo get a list of credit cards and loans with using my tax of duns no.

]]> By: Melanie http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-132622 Melanie Wed, 24 Jun 2009 16:27:26 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-132622 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 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-132052 Steve Dussault Tue, 02 Jun 2009 01:34:13 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-132052 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. 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-131606 Brad Sat, 16 May 2009 00:31:43 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-131606 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? 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-131493 Travis Tue, 12 May 2009 18:03:26 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-131493 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 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-131387 Amien Thu, 07 May 2009 22:36:18 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-131387 The most important info is in posts 10 and 39. They're all you need. The rest is due dilligence. The most important info is in posts 10 and 39. They’re all you need. The rest is due dilligence.

]]> By: Rachael http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-130925 Rachael Mon, 20 Apr 2009 12:32:43 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-130925 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 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-130129 JLatham Wed, 18 Mar 2009 07:43:00 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-130129 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? 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-129967 bette Tue, 10 Mar 2009 17:29:47 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-129967 looking for lines of credit using tax id no. only..been in business 9 yrs. looking for lines of credit using tax id no. only..been in business 9 yrs.

]]> By: John http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-129458 John Fri, 20 Feb 2009 20:53:00 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-129458 Bank of America is no longer accepting online business credit card applications as of 2-20-09. Bank of America is no longer accepting online business credit card applications as of 2-20-09.

]]> By: paydex http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-126369 paydex Sun, 02 Nov 2008 09:47:36 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-126369 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.) TA 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.)

TA

]]> By: Melissa Banks http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-126156 Melissa Banks Thu, 23 Oct 2008 01:37:16 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-126156 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!! 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-126086 Dante Mon, 20 Oct 2008 08:26:46 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-126086 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! 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-126073 Linda Fri, 17 Oct 2008 21:10:52 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-126073 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? 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-125857 LaToya Tue, 07 Oct 2008 00:44:24 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-125857 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!!! 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-125842 Melissa Banks Mon, 06 Oct 2008 15:06:56 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-125842 _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. _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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-124483 Paydex Tue, 16 Sep 2008 19:50:51 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-124483 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 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-124459 Yazmin Tue, 16 Sep 2008 14:55:55 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-124459 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. 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-120267 AARIN Bailey Sat, 02 Aug 2008 06:56:36 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-120267 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? 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-120198 Taura Fri, 01 Aug 2008 14:13:29 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-120198 I am a single mother and student that would like to start my on business. How can I get started doing business using ebay? 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-118172 Steve Fri, 27 Jun 2008 07:52:18 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-118172 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? 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-117411 Daniel Tue, 20 May 2008 21:04:03 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-117411 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. 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 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-117061 Ruth Tue, 06 May 2008 19:27:52 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-117061 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 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

]]> By: Goalgetter http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-116663 Goalgetter Fri, 25 Apr 2008 02:51:04 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-116663 Just go to Staples.com and apply to eliminate the provision of utility bill(s). Make sure you have your EIN, phone number and address handy. Just go to Staples.com and apply to eliminate the provision of utility bill(s). Make sure you have your EIN, phone number and address handy.

]]> By: Andrew http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-116554 Andrew Fri, 18 Apr 2008 20:28:09 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-116554 Staples Revolving Business Credit Card does not require a personal guarantee, but be prepared to show proof of your business in the form of a business license or utility bill in the business name. Staples Revolving Business Credit Card does not require a personal guarantee, but be prepared to show proof of your business in the form of a business license or utility bill in the business name.

]]> By: nickel http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-116330 nickel Mon, 07 Apr 2008 15:43:06 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-116330 Meghan: It depends on the application. Most have a place for your name and the business name. If your business has a name, enter that for the business name. If not (or if you don't really have a business) then you can enter your name as the business name. Meghan: It depends on the application. Most have a place for your name and the business name. If your business has a name, enter that for the business name. If not (or if you don’t really have a business) then you can enter your name as the business name.

]]> By: Meghan http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-116329 Meghan Mon, 07 Apr 2008 15:34:13 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-116329 I am trying to establish my ein number and i am confused when i fill out the application for a business credit card, on the irs form with my info it has my name then my business name underneith. When filling out the application do i put my name anywhere or just the business name? I am trying to establish my ein number and i am confused when i fill out the application for a business credit card, on the irs form with my info it has my name then my business name underneith. When filling out the application do i put my name anywhere or just the business name?

]]> By: Deanna http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-115789 Deanna Fri, 07 Mar 2008 21:01:55 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-115789 Thanks for all the information you guys have posted. I actually had a call in to one of those companys that charge you to help build Bus credit....thanks to your info, I will disregard! =) Thanks for all the information you guys have posted. I actually had a call in to one of those companys that charge you to help build Bus credit….thanks to your info, I will disregard! =)

]]> By: Takiyah Sanders http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-115331 Takiyah Sanders Wed, 13 Feb 2008 21:48:30 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-115331 Can anyone tell me which banks offer corporate credit without personal guarantee, tax id only? Can anyone tell me which banks offer corporate credit without personal guarantee, tax id only?

]]> By: Goalgetter http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-115300 Goalgetter Wed, 13 Feb 2008 03:04:45 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-115300 Does anyone know a list of companies that will offer Net30 terms to new businesses? Does anyone know a list of companies that will offer Net30 terms to new businesses?

]]> By: Nick http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-115021 Nick Tue, 05 Feb 2008 06:17:09 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-115021 I would agree with John. Business is a separate entity; you don want and don't have to use your personal SSN. That is why you create LLC, C- or S- Corp. To detach, separate yourself form your business. If your CC provider doesn’t like it is his problem, not yours. There are plenty CC issuers. You are not out of luck. I would agree with John. Business is a separate entity; you don want and don’t have to use your personal SSN. That is why you create LLC, C- or S- Corp. To detach, separate yourself form your business. If your CC provider doesn’t like it is his problem, not yours. There are plenty CC issuers. You are not out of luck.

]]> By: Nick http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-115020 Nick Tue, 05 Feb 2008 05:56:38 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-115020 Credit… Interesting subject and wide open space, yet why is that, nobody talks about the good old simple “line of credit”. If I would to do business, I‘ll go with “line of credit”, you cannot miss a payment, you don’t have a time limitation of paying it off. Yes, you would start paying interest for every day of usage, but wouldn’t that be tax deductible (you have to ask an accountant for this one)? And save? On the other hand having the 1+month time to pay an amount with no interest is a bargain, if you have the guarantee that you would have the funds to pay it back on time. Yet that is in the future and unforeseen events may put you in rather inconvenient position. Soo… choice is yours and options are plenty. My suggestion is, have them both and use them accordingly. Good luck. Credit…

Interesting subject and wide open space, yet why is that, nobody talks about the good old simple “line of credit”. If I would to do business, I‘ll go with “line of credit”, you cannot miss a payment, you don’t have a time limitation of paying it off. Yes, you would start paying interest for every day of usage, but wouldn’t that be tax deductible (you have to ask an accountant for this one)? And save?

On the other hand having the 1+month time to pay an amount with no interest is a bargain, if you have the guarantee that you would have the funds to pay it back on time. Yet that is in the future and unforeseen events may put you in rather inconvenient position.

Soo… choice is yours and options are plenty. My suggestion is, have them both and use them accordingly. Good luck.

]]> By: nykalove4life http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/comment-page-1/#comment-114536 nykalove4life Fri, 18 Jan 2008 21:45:48 +0000 http://www.fivecentnickel.com/2006/11/30/establishing-credit-with-a-new-taxpayer-identification-number/#comment-114536 I AM GLAD I FOUND THIS WED SITE I HAVE BEEN LOOKING FOR HELP FOR HRS AND NOT GETTING ANYWERE BUT BY JUST READING SOMTHINGS HERE I HAVE GOT MOST OF MY ANSWERS I HAVE ONE MORE AND I SEE A FEW PEOPLE ASKED IT. BUT NO ONE ANSWERED THEM YET WHAT ARE THE WED SITES OR COMPANYS THAT ME AND MY PARTNERS CAN GO TO AND GET UNSECURED CREDIT CARDS USING ONLY YOUR EIN ONE SITE SAYS "THERE ARE 40 COMPANYS THAT WILL GIVE YOU A CARD WITH OUT YOUR EIN" BUT THE WANT YOU TO PAY $300 FOR THE INFORMATION CAN SOMEONE HELP ME OUT. I AM GLAD I FOUND THIS WED SITE I HAVE BEEN LOOKING FOR HELP FOR HRS AND NOT GETTING ANYWERE BUT BY JUST READING SOMTHINGS HERE I HAVE GOT MOST OF MY ANSWERS I HAVE ONE MORE AND I SEE A FEW PEOPLE ASKED IT. BUT NO ONE ANSWERED THEM YET WHAT ARE THE WED SITES OR COMPANYS THAT ME AND MY PARTNERS CAN GO TO AND GET UNSECURED CREDIT CARDS USING ONLY YOUR EIN ONE SITE SAYS “THERE ARE 40 COMPANYS THAT WILL GIVE YOU A CARD WITH OUT YOUR EIN” BUT THE WANT YOU TO PAY $300 FOR THE INFORMATION CAN SOMEONE HELP ME OUT.

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