Since becoming a member of myfico, checking my scores, and reading this forum, I have to say I have learned a wealth of information not only about financial institutions, but also from other people, like and different from me and their experiences with credit.
With that being said, I have never participated in the forums, mainly due to not really having anything to say. But, today I thought I would mention the following.
I am a 23 year old business owner. I own, manage, and run, a small healthcare IT consulting company. My credit is at the very best slightly above average. Albeit it low 700's. But, higher than 720.
The other day, out of the blue I decided to apply to my second business credit card and to my dismul I got the dreaded "we need to review your application" from Citi. So, its 7PM CST, I decide to give them a call. Already thinking I'm denied because Chase denied me 3 weeks prior for ink. I spent 10 minutes on the phone with a credit analyst and boom, he says congratulations you are approved!
Stats >40% Total Credit Utilization. No cards above 4k limit. AAOA about 3.5 years. Been building credit for approx 4.5 years. No baddies, a few student loans.
Income a little under 100,000. Verifiable.
So to anyone out there that is stressed or worried about business credit, I'm walking proof, it can be done. However, due to the US Code for Credit Cards, I think I'll stick to one business card and continue to use my personal cards for business as well.
Edited for spelling
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