What we are talking about is:
PUBLIC FILINGS
Before we proceed please remember that you heard it first from us.
We are working very hard to prove to you that we are no nonsense - no fluff - "get to the real information quick" team of experts. We take great pride in our work since it is a result of many many years of research, trail and error. Moreover we will be revealing more and more valuable information in the months to come on this and other sites. We are just laying the foundation.
Now for some details.
Below is the WIKI's definition of a UCC-1 financing statement ( a form of a public filing).
UCC-1 stands for Uniform Commercial Code Form 1. It is a "Financing Statement" that is filed to show that one party (usually a lender) has a security interest in another party's (usually a borrower's) property. It applies to personal property, not real estate. It is not an agreement. It is just notice to the world that one person claims that it has an interest in someone else's property, usually as collateral for a debt. It is normally filed in the office of the Secretary of State in the state where the debtor/borrower is located. In most cases, located means the state of incorporation for corporations, the state of creation for limited liability companies and other entities, and the state of residence for individuals. There must be another agreement, called a security agreement, that actually grants the security interest and defines the terms of the deal. The security agreement and the UCC-1 combined are like a mortgage on real estate. The mortgage is both the notice and the agreement for real estate, while for personal property the notice and the agreement are separate.
At first glance the above explanation might sound a little complicated but don't worry. We have basically broken all the steps downs.
Let us consider two different scenarios:
One is a hard working family man or woman. Due to unfortunate circumstance (economy etc) his or her credit has deteriorated. In this case the individual can draft an agreement with another person and file a UCC that shows the collateral that is secured. This shows the world that you have just incurred a debt that is backed by collateral. UCC is a form of public filing which will be picked up by all the credit bureaus. Now in time the UCC has to show that the collateral is being released. This has the same effect as an individual getting a bank loan and in time paying off the loan. The difference is that the individual does not have to get approved for any type of loan (getting any loan these days is tough EVEN with good credit). Moreover the individual has complete control over this trait line. You can start this process from TODAY.
The second scenario is an individual that is starting or running a business. We all know that one of the biggest challenges of a business is getting financing. Most businesses fail in the first 3 or so years due to lack of financing, An individual can file an agreement with his business. Now using the same UCC method the business can build its credit history.
You do not need an attorney to prepare these documents. You might just need one to notarize the signatures.
Many websites will take you through 10 pages, 5 interviews, 4 e-mail requests and still will not reveal this one technique. Some want to keep it a secret (so they can charge you a lot of money and personally do it for you) but most just don't know it. A good website designer does NOT automatically become a business guru.
Ever wonder how certain car sales people and certain property managers get 'items' on their clients credit reports.
This method can also be used to build business credit (see tip below).
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