How To Build Business Credit Fast - CEO of eCredable Self Report Vendor Tradelines

How To Build Business Credit Fast - CEO of eCredable Self Report Vendor Tradelines

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live from columbus ohio this is the get business credit youtube channel with your host josh van horn subscribe now and hit the bell notification right now to stay up to date as soon as we release new business credit gyms take it over josh hey youtube welcome to the get business credit youtube channel it's josh again we have a special guest again he's back again steve the ceo of e-credible so we did one just uh recently about the personal credit um that's over on credit josh and we did already the demo for the e-credible uh business lift i think it was a couple months ago and we just wanted to refresh and check in with steve and see if there's any updates and you know kind of reinforce how important the credible lift is and maybe answer some questions that some people might have had from the past so with all that being said you guys make sure you please hit that subscribe button i'm constantly putting out new content that's gonna help you build your business credit up and um bring on you know big names like steve you know has a lot of history in the business credits world so um i'm gonna let steve take it over from here thanks for joining us joining us again steve from the get business credit youtube channel great thanks thanks for having me again uh josh um it's been a few months um since we last talked and i think one of the one of the developments on our end uh is now um when you sign up for a credible business lift we report your monthly subscription to all four of the major credit business bureaus in the united states so that includes uh dun bradstreet experian equifax and credit safe and so i think something that's kind of uh neat about incredible business lift um is for companies that are just getting started you know they they just at ground zero building their business credit one of the benefits you get when you sign up for business slip is we automatically create an account for you at all four of those bureaus um so you don't need to reach out to duns dunn or brad street and set up a duns number that happens automatically the same thing happens at experian at equifax at credit safe so you don't need to contact any of those credit bureaus and get anything set up we'll do that for you automatically so that that's a nice benefit the second thing is your monthly subscription which is only 9.95 uh is an account that we report on your behalf to all four of those business credit bureaus so even if you haven't had time to do anything else yet to create a a business trade reference in your credit reports at least your incredible business subscription will show up in all those business credit reports so um again you know just by signing up you get your files established you get the reports established and you get your first trade on on your report and now you're off and running so that's uh i think that's that's a nice um nice nice benefit to the product yeah it's actually very similar uh you guys understand a lot of people talk about the nav business boost which i promote as well this is a lot cheaper but it basically does the same exact thing in a sense as far as getting that trade line reported and it reports to four instead of three um business credit bureaus and um there's a lot of talk from different youtubers or out there saying just sign up now business 39.99 a month do that under two different like accounts but for the same business just to get that reporting well that's silly and a waste of money in my opinion when you could just you know do the nav business best and incredible you know yeah so um let me put on your screen here so you can just kind of take it over there i don't want to take up too much of your time sure i'm going to explain that watch it before yeah if you haven't heard about a business lift you know what we've built here is a very affordable way for you to build stronger financial profiles of the business credit bureaus as you know information only shows up in your business credit reports when it's an account used in the name of the business and so we see a lot of small businesses that even work from home it's just a home-based business um but you know what if you're working from home and you're certainly using the internet and paying a power bill and you probably have a cell phone um we can report all three of those accounts uh in the name of your business to credit safe you know one of the one of the four credit bureaus out there uh we can report other types of counts to equifax equifax doesn't accept telecom accounts because they're already getting those reported from those kind of companies like you know t-mobile and verizon and uh and at t but we can't report other types of accounts that are in the name of your business so an exam a good example of an account that a lot of people choose to use is a virtual office you know as a small business you certainly want to put on a really good face to your customers and a lot of people choose to set up a virtual office in order to do that well that's a good solid account that you can have reported to business credit bureaus that again you know makes your business look uh financially more viable and stronger so what you see here on the screen are just some examples of you know this is a mock-up of the kinds of things that are frequently reported people you know we report their e-credible subscription automatically a lot of people have their lease reported some people do the mobile phone some people might set up a vendor or supplier that we can report on their behalf you know joss gives you some great advice on some basic vendor accounts that you should set up that automatically report to dmv for example but some of those companies don't report to the other bureaus uh so when you uh when you have that link to your incredible account we can report that to equifax uh and credit safe on your on your behalf yeah there's some of them and you guys this database that um only report to say automatically they're only reporting to quill but uh i mean say francis quill is only reporting to dnb and that's hit or miss but uh with you guys as a service you know it's not even manual verification it's part of that uh what is it per month again 9.95

yeah so there's a there's a higher setup fee there right oh yeah the original setup fee when you initially set up your accounts 49.95 um but after that it's just 9.95 a month yeah and you guys make sure um i'll share it towards the end but uh steve was kind enough to give us a discount so you guys will get a uh discount as well for the initial sign up fee um you know but then you get reported every single month you're going to get that for 9.95 it gets reported um every single month to all four right for this description yep and then um you also can get um any of the ones that they have in their database those are free as well right right yeah there's about 2 000 there's about 2 000 companies that we link to electronically and that's free that's included in the 9.95 and then accounts that we can't link to for whatever the reasons are we can do a manual verification for you and that allows us to most of the time it's a three-way call with you and the service provider and the verification person where they're simply calling to verify that you are paying the account on time and then we can create the necessary information to provide those accounts to equifax and a credit save yeah i personally done this when i signed up like i said you guys i test everything out myself i paid the fee and that's 9.95 for the ones that uh

you know that's just the standard membership fee that's being reported to all four bureaus you know as a you know a positive payment um trade line but then you can add in like say uline or quail and get those reported to some of the agencies as well because some of these only report to say just one bureau so taking advantage of this you can actually get it reported to just more than one you know so that's always helpful um i also did admit the manual verification that's uh what's that's the for each one of those i forget it's been a couple 1995. okay so i did i think four or five i did my answering service i did a phone telecom service that i use as well voiceover ip service actually the voiceover ip service you guys already had in the database which was great so that didn't cost me anything more but it's the simple things after you you know add that in on the manual verification part if it's not in their database you pay for that and then usually within one or two days you'll get a call from their verification department and they will ask if you have enough time to do the verification so they'll do a three-way call with the company and get to the credit department and basically you're giving the credible authority basically authorization to ask questions on behalf of uh your account you know how long you've been in bit or how long you've been doing business with them when was the last invoice and if it's been paid on time so that was my first hand experience right you know and that got reported so i think that's you know i want to give you guys my review based on that so um you know um i'll get sorry to take it over there steve i didn't mean to do that i just kind of want to let them know like my first-hand experience on how it went with me you know because i did four different accounts you know yeah so you know maybe one other thing that we can touch on um before i go josh um when i think about um you know in our customer service experience when we talk to so many small businesses what are the what are the common questions that come up one of the things that we get the most um probably one of the biggest questions that we get over and over and over again is that most small business owners many of them when they're building business credit it's the first time they've ever done this you know so it's kind of new to them and they don't really understand the differences between building personal credit and building business credit building credits always going to be the same you know the more positive information you get report the better it is but um i think most people think once they've learned how personal credit works that those same rules apply to building business credit and that's just not the case you know with our personal credit reports i think everybody knows that there's all kinds of federal laws and regulations that determine how the information gets updated who can access your report you know what's a soft pull what's a hard pull all those kinds of things are pretty fairly well understood by most people and so people just assume that when they start talking about their business credit it's just going to be the same um well it's absolutely not the same they're they're actually quite different um and and there's two big differences the first of all in the business credit bureau world there are no regulations there are no rules um all the business credit bureaus have their own roles they have their own pricing policy their own reports their own scores they have different scores with different score ranges it's these they're all different and so unfortunately you have to spend time learning about the nuances uh between those differences and that's why what i encourage you to simply you know pay attention to what josh says because he spends a lot of time helping you with that the second thing i would say to you with respect to that is that you can always look in your personal credit if you have a credit card from bank of america you see the name bank of america right and your credit report but if you look in your business credit report you don't see the names of the companies that you're doing business with um they get put into buckets and so for example when you sign up for um incredible lift you say hey i want to report my cell phone and my landline and my power build and my internet bill those are all considered business services and so they get stuffed into this bucket called business services and so when you go pull your experian report or your dmv report or your equifax report you don't see the names of the companies that you're doing business with and that's really frustrating to a lot of small business owners because they'll sign up for something like business lift and go hey i just linked my my internet company and i don't see it on my credit report where is it you know why why can't i see it well you can't see it you're not gonna see it because it gets stuck in this thing called business services or maybe communication services or something like that and so um you have to unfortunately trust the system a little bit and know that it is being included in your credit report but it's just really hard for you to see uh and so you know josh i don't know if you have any more you want to add on that yeah i mean and we spent a lot of time on that yeah and there's a reason why they have it that way because a competitor competitors so they don't want to put you know the companies in there up for the public there is only one other way you can do and i've touched this on the past and even experience touch on the business advantage they show the last four digits of the account number if you buy their the most expensive plan which is the 189 per year but other than that you're not going to see the name of the company so don't freak out or anything if you're like not seeing the name or you don't see the credit limit or whatever and i guess another thing i want to touch on just because one person brought it up or two people brought these two things up about e-credible one is the fact that when you see the business services say on your experian um credit report if you're paying for the actual experian business credit report and you see that ten dollars and it says 100 that does not mean that it's 100 utilization that means that you're current 100 so that's not affecting your score in a negative way whatsoever so i had somebody bring that up so i wanted to put that out there and then um the second thing was about that customer service you guys have to understand uh you know you're [Music] it's they're not they're not charged much as it is it's 9.95 a month you know and it's not like they have a call center like chase or some big bank or whatever credit reporting like transunion where they have 10 000 agents and stuff there's a reason the price is so low i'm sure they could probably charge you guys 200 a month and have customer service answering anytime you want but i don't think you guys want that and i think it's pretty self-explanatory um on their website on everything and they got good resources and you can always comment and i'm pretty good about answering questions on these topics i'm very well versed on uh business credit reporting um in general and um i'll be happy to try to answer any questions i um can answer for you but real quick i noticed something uh steve that you guys have a section about uh on the once you sign up and add accounts it's like a marketplace where you kind of like what credit karma shows um you know personal cards you guys have business cards and business ways to get business loans or whatever credit lines so i thought that would be neat just to show that real quick that you guys can give us a little bit of uh of course there it's you know advertising but it still gives you options there that you may not know about yeah so what we wanted to do was to help a small business owner just identify um opportunities for financial products that we vetted you know we've looked at these companies and we know that they're uh good upstanding companies and so we put them into you know business credit cards loans lines of credits you can apply for you can read all the different categories here but if i were to click on you know business credit cards what what you're going to see here is well it opens a new tab so i need to change my tab here real quick if i can do that uh hold on just a second apologize for that yeah you should be able to just change tabs i think yeah oh sorry about that let me let me share my screen here again real quick because also when you click on those uh links that they have in there that's one of the ways that helps also support e-credible as well just like you guys are supporting me on watching the channel you know and being able to sign up and then give you guys a discount you know you know use their links as well if it's something that you're wanting to uh explore um they offer you know different ones cards and stuff you know yeah so here's just so here's a list of cards that you know we we've vetted and we think are good products and and fairly priced and offer good benefits and so that's available yeah that's great yeah and i think um you have ones for like business lines of credit as well um yep exactly all the information is there yes there's other sites that have these same things but this is kind of all in one they're trying to you know put everything all in one for you guys so it's just one more um you know added benefit um i forget what the discount is but you guys there's a coupon promo code for incredible uh business lift that you guys can use the link will be in the description below i know steve has other meetings i don't want to get too much of his time but i'm sure i'll have him back on maybe next month or so we want to let you guys know that these different tools you know they're not that expensive if you strategically use them the right way they really help you a lot in business credit you may only think they're only helping you a little bit but you know it's you know it's baby steps you need to take but you can literally achieve like what i got over 400 000 in business credit cards and only 20 is personal guaranteed i did that you know on this youtube channel from march of last year until this past march so you know using different tools like this you know so it's all possible you guys just have to do your research and and pay attention and stuff you know but um yeah with all that being said do you have any final words here steve no josh it's uh great spending time with you again and uh we'll keep plugging away and have some uh have some more to share the next time we get to speak with you yeah definitely so uh you guys the um page was looks just like this i'll have it in the links description below and you guys just sign up and i think there's like a promo code or whatever and uh it'll help you at least a little bit for that initial sign up fee and you know get working at it i mean that's uh you know building business credit you can do as fast as you want you know and it doesn't have to cost you an arm and a leg you know i can open so many doors but with all that being said you guys take care make sure you guys hit that subscribe button if you haven't already share this video you know with others uh on facebook or whatever give the video a thumbs up and make sure you uh sign up for e-credible it's you know it's very minimal cost and it's gonna report to you know all four bureaus real quick the steve and sonya that was a separate bureau um but uh didn't equifax buy them yeah equifax acquired them and they've effectively merged all that now okay who is that who's that used by do you know and and sony is super popular in the transportation and construction industries okay so if you we have a lot of people in the transportation business so that's something that's uh you guys just heard it it's important in the transportation uh you know so if you're in transportation that's even more reason to sign up for the yeah okay so you guys take care thank you guys so much and thanks again steve for coming on uh get business credit again thank you josh okay bye-bye you

2022-05-06 13:33

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