Mogul Vision Partnership Inc

02/11/2023

Equifax business also has an online system for credit disputing that they provide
through their online credit monitoring platform in their member center under
“Disputes.”

Remember that a business credit reporting agency may not be allowed to release
the name of the person making the negative reference on your report. Remember,
you don’t have the same rights as consumer credit reporting, as businesses have no fair credit reporting.

02/10/2023

iUpdate from Dun & Bradstreet provides US-based small businesses and non-publicly traded companies convenient access to D&B’s information on their business. Registered users can view, print, and submit updates to their D&B Business Information Report.

02/09/2023

If you see accounts or details you don’t recognize or feel are inaccurate on your
business credit reports, request a debt validation for that account using a debt
validation letter. Debt validation is where you solicit the creditor to verify
the account details they are reporting.

They will typically send you back details of the account that they are reporting. The FCRA and the fair debt collections practices act apply to consumer debts, not business debts. So you can send a debt validation letter, but the law does not require the creditor to respond to your dispute.

Send your request to the creditor in writing when sending a debt validation request. Also, ensure you dispute the debt with the credit reporting agencies if the creditor doesn’t respond to your request.

If no response is received within 30 days of mailing the letter directly to the creditor, you should dispute the account with the business credit reporting agencies.

02/08/2023

Many business owners think they have items reporting on their business credit reports that really aren’t reporting. But over 90% of trade vendors don’t report to the business credit reporting agencies. So chances are good that the negative information you think is on your report might not even be there.

02/07/2023

Many lenders now look at the bank account start date as the corporation start date.
Most shelf corporations don’t come with established bank accounts. Some shelf
corporations have actual credit problems making it harder to get funding, not easier.
Most lenders know what to look for to see if the corporation is a shelf corporation.
Things like your business Bank Rating could tip them off. Public records also show the change in ownership, which raises red flags.

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02/07/2023

A Limited Liability Company (LLC) is a form of business whose owners enjoy limited liability, but which is not a corporation. A limited liability company is a flexible enterprise that blends elements of partnership and corporate structures. An LLC is not a corporation; it is a legal company that provides limited liability to its owners. LLCs do not need to be organized for profit.

In certain US states, businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form
an LLC is required to form a similar entity called a Professional Limited Liability Company (PLLC).

A Limited Liability Company (LLC) is a hybrid business entity with certain characteristics of a corporation and a partnership or sole proprietorship (depending on how many owners there are). An LLC, although a business entity, is a type of unincorporated association and is not a corporation.

The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. It is often more flexible than a corporation and is well-suited for companies with a single owner.