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It's a common requirement when starting out, as it helps establish trust with lenders. Once your business credit is built, you'll have access to more opportunities without relying on personal credit. This initial step can significantly benefit your business in the long run. 🙂

Using a Google Voice number may not prevent you from obtaining larger loan amounts, but it might affect your ability to build strong business credit. When building business credit, having a professional phone number listed in business directories can enhance credibility with lenders and suppliers. This credibility is crucial when applying for larger loans or credit lines, as it helps demonstrate the stability and legitimacy of your business. Using services like Grasshopper or Freedom Voice can provide you with a professional business number that enhances your business credit profile.

You're welcome! 🙂

You're welcome!😃

Absolutely, many people find fees for basic banking services frustrating. There are alternatives like online banks or credit unions that often have fewer fees or lower costs for maintaining accounts. Have you considered exploring options like these?

@@NoelleRandall1 thanks think I'm gonna try the bank I'm affiliated with. I have good report with them for years. However, I'm gonna research and talk with other investors and see who they bank with for other options. Good video though and good information.

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I understand your concern about legal implications. Stated income programs offered by banks like Chase and Bank of America for new LLCs are legitimate and widely used in the business community. These programs allow businesses to state projected income without requiring detailed financial documentation upfront.

You're welcome! If you have any more questions or need further clarification, feel free to ask. I'm here to help!

Thank you for the feedback! I'm glad you love the idea. 🙂

Great question! The method I shared in the video is based on current practices and regulations as of 2024. It involves disputing inquiries through the credit bureaus, which is a standard process. It's important to note that results may vary depending on individual circumstances and the accuracy of the information reported. I recommend following the steps outlined carefully, including freezing your information with Sage Stream and LexisNexis before disputing with the credit bureaus. This approach has helped many viewers successfully remove unauthorized inquiries from their reports. If you have specific concerns or need further assistance, feel free to reach out. Here to help!

@@NoelleRandall1 thanks

In my experience, credit history can indeed play a significant role. However, systemic issues like biases in the lending process have also been documented, impacting approval rates. It's crucial to address both individual credit challenges and systemic inequalities to ensure fair access to financial opportunities for everyone.

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I appreciate that you find this video helpful, and thank you so much for your kind words. It's the reason why I'm always striving to help you. Some tips may not apply to everyone, but I'm glad to hear that you found it beneficial. 🙂

@@NoelleRandall1 yes please keep up the awesome work! I like people that are actually knowledgeable and give direct information. Honestly amazing.

Thank you so much!😃

Thank you so much for your support ! 🙏 You can get all of my 4 Amazon best selling books for FREE here at noellesbookoffer.com. Keep learning and growing, to you success! 🌟📚