Is Wholesale shelf corporations a scam?

 

As innovation in finance, the shelf corporation emerged due to its applications in accelerating the credit process for enterprises. New firms rarely get access to the level of credit needed by them to survive. Through shelf corps, these firms can get a shot at accessing credit. However, the industry is plagued by fraudulent sellers who give it a bad name. If you do research on the shelf corporation industry, you will find that almost all writers tell you to exercise caution. Our recommendation also is that your due diligence should be thorough before you go with a vendor of shelf corps. One of the most prominent players in the US shelf corp industry is wholesale shelf corporations. In this post, we will try to understand the company and its model. We will also try and present a balanced judgment of its operations so that readers can get a fair idea as to what to expect from this company.

 

The company is an online player based out of an office in Colorado and has been operational for more than a few years. We can say this from plenty of wholesale shelf corporations reviews on the internet that we have examined. It is a seller of shelf corps and also provides advisory services that help clients secure corporate funding. These include a program to acquire an 80 Paydex score in a short time. Overall, its reviews and website convey a positive picture of the firm. It seems that it does deliver what it promises, but some reviewers allege a Wholesale Shelf Corporations scam. The main issue with these reviewers who did not like its services appears unrealistic expectations from their side. The company has clearly mentioned on its site that results cannot be guaranteed and depend on the particular circumstances of each case.

 

Shelf companies are not a silver bullet!

 

The first thing to understand when you buy a shelf company is that it will not magically solve your earlier credit issues. The main point is that people are careless with personal debt, mostly from credit cards. Sometimes, they do not make payments on time or leave outstanding amounts greater than 90% of the credit limit extended to them. To rectify these, you will have to clear the overdue amount, enter into settlements with lenders, and get a no dues certificate. Even after all this, it will take time for your personal credit scores to recover as they illustrate a repayment trend. That can only improve if you make a series of payments on time. In such a case, shelf corps can do little to help you, as these issues first need to be resolved before a bank approves your application for a business credit card. A reliable vendor will try to explain this to you, but sometimes people don't want to listen. They just want a magic solution to their woes, which is when they are most vulnerable. So, do your research, temper your expectations, and get the most out of shelf corps!