topic Re: Business Credit Section in Business Credit

Business Credit Section

molly73 — Mon, 23 Mar 2009 03:43:58 GMT

Is there a place on here just for Business Credit?

If not....don't you think it would be a good idea to have one....sure it has been asked before but i think it would be great to have a special section where business owners can discuss different biz cards, etc

edt: Welcome to the Business Credit forum! --hauling

Message Edited by haulingthescoreup on 03-22-2009 08:43 PM

Re: Business Credit Section

haulingthescoreup — Sat, 09 Aug 2008 20:03:35 GMT

We've discussed it, but the moderator whose idea it was has eased into retirement in the meantime.

I'm all in favor of having one, although as you can see, the number of boards tends to grow alarmingly!

Re: Business Credit Section

MidnightVoice — Sat, 09 Aug 2008 20:06:07 GMT

haulingthescoreup wrote:
We've discussed it, but the moderator whose idea it was has eased into retirement in the meantime.

I'm all in favor of having one, although as you can see, the number of boards tends to grow alarmingly!

An excellent idea - another forum I can ignore :D

Re: Business Credit Section

molly73 — Sat, 09 Aug 2008 20:37:16 GMT

another forum you can ignore should give you the feeling that you have less things to worry about! :)

Re: Business Credit Section

Boscoe — Sat, 09 Aug 2008 21:40:54 GMT

I'm thinking of starting a small business and think this would be a very good idea....would certainly like to get a business card and not have it count towards my personal score.....I vote yes, or at least allow posts in the General Credit section.....

Re: Business Credit Section

cheddar — Sun, 10 Aug 2008 13:42:59 GMT

Boscoe wrote:

I'm thinking of starting a small business and think this would be a very good idea....would certainly like to get a business card and not have it count towards my personal score.....I vote yes, or at least allow posts in the General Credit section.....

Biz Credit posts are already perfectly acceptable on General Credit. There's even a Biz Credit 101 stickied thread on that board.

Re: Business Credit Section

molly73 — Sun, 24 Aug 2008 05:35:14 GMT

BUMP -

anymore thought to this....think it's a great idea! See it on other forums & it's obvious it's being used....wish I could offer help with it.....but I'm still learning :)

Re: Business Credit Section

Timothy — Sun, 24 Aug 2008 05:55:27 GMT

The more I think about it- there really is not enough biz credit questions to dedicate a section to it.

After you establish enough (a little) biz credit- it starts comming pretty easy.

The questions asked on biz credit mean nothing-

Gross sales means nothing-

most of my billing is labor-

Some companies would need to do a million dollars in sales to reach my gross profit levels.

Re: Business Credit Section

molly73 — Sun, 24 Aug 2008 06:30:30 GMT

i hear ya...but i think the thing people need the most is the "how do i establish biz credit"......"where can i find it"..."where can i find it without a pg"......i think many people could benefit from it.....since there are so many options out there.......you have to admit it's a totally different beast.......and this country is made up of small biz :)

i have been on this board for months....but it was not until i visited another forum tonight did i learn of a biz cc that you can get without a pg....that is huge! i think that if we can pull our resources together....we could help out a lot of people....just like how they do in the other sections on this site!

Message Edited by molly73 on 08-24-2008 01:30 AM

Re: Business Credit Section

Timothy — Sun, 24 Aug 2008 06:05:18 GMT

try http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=59046&view=by_date_ascending&page=1

I followed part of the suggested paths-

Re: Business Credit Section

molly73 — Sun, 24 Aug 2008 06:29:03 GMT

great thread!

a lot of people could use that info!

Re: Business Credit Section

haulingthescoreup — Sun, 24 Aug 2008 06:39:39 GMT

Might be time to sticky a thread consisting of nothing but links to myFICO forums biz credit threads.

Re: Business Credit Section

agent800 — Thu, 28 Aug 2008 19:24:47 GMT

Regarding credit score and business cards I found that my business card balance never shows up on my personal credit report. That's great since I have a zero bal on my personal cards but several thousand on my bus card. I suggest trying Advanta, no annual fees, reasonable rates 6.9% - 8.9%

Re: Business Credit Section

Creditaddict — Thu, 28 Aug 2008 19:29:12 GMT

Advanta is great, you do have to PG it. but watch if you carry a balance, they will rate jack you!

Re: Business Credit Section

agent800 — Thu, 28 Aug 2008 19:38:31 GMT

Like every cc you have to make sure you make the payments on time. I think the rate jacking for late or missed payments are disgusting however I will admit that the disclosure is all there for someone to read. If you have to leave a balance then you have to leave a balance. I'm constantly offered bal trans at 6.9%. But since my other cc's are zero I never take advantage of them.

Re: Business Credit Section

Creditaddict — Thu, 28 Aug 2008 19:42:46 GMT

I said nothing about being late for ratejack.

Advanta constantly reviews there accounts internally and changes risk scores (according to them).

I agree, CLD and interest rate increases are expected if your late or over your limit.

Re: Business Credit Section

kahuna — Thu, 28 Aug 2008 19:47:43 GMT

I've had an S-corp for 7 years and I've never checked it. I guess I'd better get online and do it. Dang, what a waste of time. One thing though, can you just go online and start accounts (the Net30) like in Office Depot or do you actually have to go in a branch and fill out forms?

Re: Business Credit Section

Creditaddict — Thu, 28 Aug 2008 19:54:50 GMT

office depot is a credit card, not net 30. you can apply online

usually net 30 accounts come from your suppliers and such

Re: Business Credit Section

molly73 — Thu, 28 Aug 2008 20:06:57 GMT

with biz credit......do they only report you if you are 30 days late? when do they report things?