![]() ![]() You also think for a second “but who would be stupid enough to personally guarantee my loans?”, but then your greed takes over your mind and you brush that aside with some sort of naive rationalization, and you do the deal. So, you think to yourself…”umm, if someone else is the Personal Guarantor, then I can charge up those Lines of Credit with no risk to my Personal Credit at all”. This one is the same as the Established Credit Scam, except in this scam they will offer you a stand-in “CFO” or Personal Guarantor that will use his 720+ Credit Scores in conjunction with the Shelf Corporation to obtain Unsecured Financing from Lenders. Did you really need a shelf corp to do that – No, you just got ripped-off because you did not read this first!). You get so excited about obtaining the easy money they are offering that you pay a high price for the shelf corp and then find out that the cash lines of credit either don’t exist yet (and you need to apply and be approved for them), or are not really cash lines of credit but rather a pre-approval letter from a company friendly to the scammer stating that you are pre-approved to buy up to $1 Million (for example) in Real Estate using the Shelf Corp (but of course, you need to come up with the $400,000 Down-Payment from somewhere, and the Loan offered is really a Hard Money Loan with a 10%+ Interest Rate and 3+ Points to close. In this scam, the scammer may be a “legitimate” incorporation service or business credit building service, or even a company just selling shelf corps, but what makes this a scam is that they will try to sell you a Shelf Corp that supposedly comes with established credit and cash lines of credit which they make it look like you would be able to access right away after purchasing the shelf corp. This is by far the most common of the scams and the most lucrative for the scammers. ![]() For this reason, we always recommend that our Clients obtain the 80 Paydex Score before going to Funding, so that Funding Results can be maximized. However, beware that some of the Lenders you apply with may deny your applications specifically due to not having an 80 Paydex Score. You can go for Funding either before or after the 80 Paydex Program is complete – The choice is yours. We do everything possible on your behalf in order to minimize your involvement in the process. We can achieve an 80 Paydex Score or higher within 45 to 60 Days, assuming you follow our instructions in a timely manner. Then our 80 Paydex Program is the solution you need. Does not fit the scenario above, and/or. ![]()
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