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From all accounts and what I have read Using your EIN or federal tax ID number constitutes a federal Crime and is considered civil fraud by many states. This violation of law can bear fines and/or prison time.
There are many scams on the internet that instruct people to use their EIN in place of their Social Security Number this is FRAUD, you can and likely will be prosecuted for defrauding the federal government.
Being someone with bad credit myself I implore you to pay your bills and build your credit legitimately, don't get taken in by quick fix solutions that could leave you broke or imprisoned.
THE ABOVE ANSWER IS NOT TRUE IF YOU ARE USING YOUR EIN LEGITIMATELY AS A BUSINESS. TO ESTABLISH CREDIT WITH YOUR NEW EIN TRY STAPLES AND DELL. THEY WILL USUALLY GIVE CREDIT TO NEW EIN'S.
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Ein number vs credit profile?
This is any 9-digit number distributed by the IRS that you can build credit on. Credit Profile Number is a very general term, that can be said for any number given to attain credit. Many sell what is called a credit profile number to the public for as high as $700.00. This is the creation of a second credit profile using different information to establish a new credit file. The Federal government does not condone this practice as it can lead easily into fraudalent activity.
How can you obtain business credit without using personal guarantees?
To help reduce risk, it is important to establish business credit separate from personal credit. This can be done by obtaining a D&B D-U-N-S® Number and tax identification number (EIN) for your business and using those numbers to help build credit.
How can one build business credit without a personal guarantee?
To help reduce risk, it is important to establish business credit separate from personal credit. This can be done by obtaining a D&B D-U-N-S® Number and tax identification number (EIN) for your business and using those numbers to help build credit.
What is the ein number for gfa federal credit union?
04-1355545
How can one get help on establishing business credit?
To establish business credit, open a business bank account and credit file. You should also establish a business phone number and uphold a tax identification number.
Ein number vs credit profile?
This is any 9-digit number distributed by the IRS that you can build credit on. Credit Profile Number is a very general term, that can be said for any number given to attain credit. Many sell what is called a credit profile number to the public for as high as $700.00. This is the creation of a second credit profile using different information to establish a new credit file. The Federal government does not condone this practice as it can lead easily into fraudalent activity.
How can one build business credit without a personal guarantee?
To help reduce risk, it is important to establish business credit separate from personal credit. This can be done by obtaining a D&B D-U-N-S® Number and tax identification number (EIN) for your business and using those numbers to help build credit.
How can you obtain business credit without using personal guarantees?
To help reduce risk, it is important to establish business credit separate from personal credit. This can be done by obtaining a D&B D-U-N-S® Number and tax identification number (EIN) for your business and using those numbers to help build credit.
What is the ein number for gfa federal credit union?
04-1355545
Can a small business get a credit card without SSN?
Small business credit card without ssnYes. In fact, it is reccommended you establish your business credit separate from your personal credit. Get a EIN number from the IRS. A real business credit account will not ask for a personal guarrentee. Any company that does is not offering commercial credit but personal credit labeled as "Small Business".PS: Only the FEDERAL government can legally ask for your social security number. EVERYONE else is breaking the law. If you wish to play their silly game get a "tracking number" from your bank. It can be used as a SSN substitute. That way, in their greed, the companies will establish a credit file for the tracking number and you can keep your real social security number secret.Norman Edwardsblog.edvest1.com
How can one get help on establishing business credit?
To establish business credit, open a business bank account and credit file. You should also establish a business phone number and uphold a tax identification number.
What is the tax id number of mountain america credit union?
what is the ein number
Can you use ein instead of social security number?
You cannot use an EIN unless you are using it for legitimate business purposes. The use of an EIN to obtain credit for personal purposes is prohibited by federal law. If you are an employer and have applied for and received an EIN, you can use it when applying for business credit, or when filing business tax returns.
How can you establish business credit?
The first step to establishing business credit is to register for a D&B D-U-N-S® Number, which is a unique, 9-digit identification number for your business. This can help you establish business credit without using your personal credit.
Is using an ein number legal to obtain credit and not use your personal score?
IF you disclose everything including the fact that you are substituting a EIN in place of a social and it is accepted then yes. If you are applying for Business credit with the EIN and everything is disclosed truthfully then yes. If you are misrepresenting/misleading you are probably committing fraud. There are alot of people adding their names onto seasoned accounts with new EIN numbers to get a credit score and then proceeding to apply for new credit. Keep in mind that if you default, you will most likely get caught and could get in serious legal/criminal trouble.
Can you really establish a good business credit without personal guarantee?
Yes you can, but if your a new business, it's going to be very difficult without a personal guarantee. Most creditors are going to require that you personally guarantee a loan or credit line. After you've been in business for a while and have a good business credit history on file, then you will be able to obtain some credit financing without a personal guarantee. In general though even well established businesses, especially small businesses are always going to require that personal guarantee regardless of how good your business credit history may be.AnswerYes, and you should establish good business credit separate from personal credit to reduce personal risk. A D&B D-U-N-S® Number and an EIN (tax identification number), both issued for free, are two business identification numbers that can be used to establish good business credit separate from personal credit.
Can a commercial loan appear on personal credit report?
Depends - did you do a personal guarantee or did you do the loanthrough an EIN number for a corp, llc ?If you did it through a personal guarantee (YES)If you did it through an EIN (NO)So yes, and No;)Wayne
