Reply
New Member
XZiler8r
Posts: 3
Registered: ‎11-17-2007

Re: Recommended Business CC

I created an LLC in FL, however I now live in CA.  I'm using the FEIN that the IRS gave me for LLC not filing 90 or 941, because I'm not going to have any employees.  I'll be filing taxes underr 1040 SCH C, so not sure if that's going to make a difference.  I know mortgage brokers want the Sch C if you're "self employed", however noting the biz name & FEIN would they want to check that as well?
 
Any ideas?
Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007

Re: Recommended Business CC

Funny. I'm org. from central FL.
 
I'm in the same boat. Multiple 1099s and Schedule C. I wouldn't think they'd look at your FEIN becuase you are claiming ally our income on Sch. C.
New Member
XZiler8r
Posts: 3
Registered: ‎11-17-2007

Re: Recommended Business CC

I had a question regarding an LLC.  If you have an LLC, you normally get 2 EIN's from the IRS.  One if you're not going to have employers, and the other one if you are, correct?
 
Does it matter which one you use?  I've been using the one that states that I wont have any employers and acting solely on the business.
 
Please advise!
Established Member
redE2move
Posts: 30
Registered: ‎04-03-2007

Re: Recommended Business CC

What does PG mean? 
Mega Contributor
Creditaddict
Posts: 18,928
Registered: ‎10-23-2007

Re: Recommended Business CC

Personal guarantee
Fico Scores: EQ 657 Cabelas, TU 665 GE, EX 699 Wells (07-27-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Express $300
Over 30 Cards in between :smileytongue:
Established Member
redE2move
Posts: 30
Registered: ‎04-03-2007

Re: Recommended Business CC

Personal Guarantee as in giving your personal information huh?....That's slick it wouldn't be a business card then now would it:smileywink:
Mega Contributor
Creditaddict
Posts: 18,928
Registered: ‎10-23-2007

Re: Recommended Business CC

HOWEVER, the only business cards I have that report to personal credit is AMEX, all others only report to personal if you become late!
Fico Scores: EQ 657 Cabelas, TU 665 GE, EX 699 Wells (07-27-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Express $300
Over 30 Cards in between :smileytongue:
Moderator Emeritus
Brammy
Posts: 5,436
Registered: ‎03-10-2007

Re: Recommended Business CC



fillibert wrote:
Also applied for Walmart business card online and got the 7-10 day message.  Their online application is a little quirky.  Even if you use your EIN# and ckeck PG box, they still ask for your DOB and SSN#.  I went back and checked the other box, and did not give either DOB or SSN and then got the 7-10 day processing message.
 
Should I try HD next? 


 
I got the 7-10 too, I know my biz profile is too new.  Anyone get the 7-10 and hear anything yet?  Besides those who have posted?

Moderator Emeritus
Brammy
Posts: 5,436
Registered: ‎03-10-2007

Re: Recommended Business CC - FYI

[ Edited ]
You can check your biz credit profile here:
 
 
I'm only showing one tradeline so far but haven't pulled the report yet.  Want to wait til I get a score.


Message Edited by Brammy on 11-20-2007 08:53 AM
Regular Contributor
Vanyel
Posts: 216
Registered: ‎05-17-2007

Re: Recommended Business CC - FYI

[ Edited ]
I pulled my score with them a couple of months ago Brammy and it was a 41. 
The new biz account still as of yesterday hasn't posted so it hasn't moved at all in several months.
By the way if you give em the $99.00 you can track daily or hourly if you wish for a full year your business accounts.
 
Van
 

Edited to add:
Maybe we should add those scores to our tag lines  LOL



Message Edited by Vanyel on 11-20-2007 10:13 AM
FICO 6/25/08 TU 668 EQ 646 EX 652
FACO 6/25/08 TU 655 EQ 622 EX 641
Recovering from the App Spree that dropped me like a rock. Post Car loan apps as well.
.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+