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    theskysthelimit's Avatar
    theskysthelimit Posts: 1, Reputation: 1
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    #1

    Jun 16, 2009, 03:26 PM
    Aged Shelf Corporations with Lines of Credit Attached when ownership is transferred
    Hi,

    I am anticipating purchasing a shelf corp in the next week or so. I am told by the company that the aged company comes with the following outlined below in which I would like to highlight the line of credit attached. I was not credit qualified to apply for lines of credit through traditional lending sources as my company is only 6 months old and I about a 660 credit score. I was advised that they company will come with a temporary credit partner or CFO with a 720+ fico score to personally guarantee the lines of credit obtained. I was told that the CFO will get paid 5 points on the backend approx (38K) so I see the incentive for him. My concern is 2 fold: the first being: once ownership is transferred will the lines of credit transfer to my name where I will have access to them. Also- once I am the owner the company and it is registered that I am the new CEO, will the company retain the "age" from the previous owner?


    Here's the Company I'm interested in Purchasing
    2 YEAR AGED NEVADA SHELF CORPORATION

    - CORPORATE KIT (INCLUDING ARTICLES OF INCORPORATION, SEAL, CERTIFICATE OF GOOD STANDING)
    - 85+ PAYDEX SCORE WITHIN 5 TO 15 BUSINESS DAYS
    - SIX UNSECURED CORPORATE TRADELINES
    - DUNNS NUMBER
    - $500,000 UNSECURED CORPORATE CREDIT LINE WITHIN 45 BUSINESS DAYS
    - $50,000 UNSECURED CORPORATE CREDIT CARD
    - PERSONAL GUARANTOR (IF NEEDED)
    - CREDIT RESTORATION SERVICE
    - VIRTUAL OFFICE IN LAS VEGAS, NV WITH ANSWERING SERVICE , MAIL FOWARDING AND 16 HOURS PER MONTH OF CONFERENCE ROOM MEETINGS

    COST: $4,500
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
     
    #2

    Jun 17, 2009, 06:36 AM

    Hello the:

    I've seen these adds for companies that come with a line of credit... I don't know exactly how they work, so I can't answer your particular questions, but I don't believe you can buy a credit rating.

    Before I made that decision, though, I'd ask them for a reference or two. If they can't do that, head for the hills.

    excon
    kbunky1's Avatar
    kbunky1 Posts: 1, Reputation: 1
    New Member
     
    #3

    Jun 18, 2009, 05:25 PM
    Stay away from these scams , I asked many people on this and they are scams.. you will be giving your money away and same thing if you have someone promises you a credit card with a high limit and not using your own credit score.,. Another scam

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