Reply
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Revisiting biz credit

After a multi-year hiatus with business credit, we are tip-toeing back into it. I'm co-owner of a S-corp established in 1983 and took over a couple of years ago, though worked for them 15 years before that. We opened a secured LOC of $25k last year and that was our only credit item. Recently opened a Staples Net30 and Quill accts. I also was recommended via Amex's website their Plat Biz CC, but was declined. Person util is high now. I haven't checked DnB in a very long time either.

 

I know the days of no-PG are virtually over. Since checking last, it seems much more difficult to apply.  Question: are creditors still weighing personal credit as heavily, if not more, than biz credit? I don't mind the PG, but would like to avoid the inquiries but really don't have a need for a herd of net30s. Tired of charging on my personal CCs.

Epic Contributor
Posts: 23,784
Registered: ‎10-23-2007
0

Re: Revisiting biz credit

yeah I tabble into the business stuff every once in a while but without checking but I assume I have no business credit with my new (1 year old) company because it has virtually sat... but I feel like you hear these days Capital One, Chase ink, American Express.... other "Major" banks obviouly have business cards but the more desirable options (Advent? Avant, err... had 2, should know! lol what was that one? 2.99 LIFE BT!!!) PNC was kind of known if passing through certain things (not sure what they were) but seemed $15k was common starter!

Thing is, big difference from I'm okay to PG, but am I okay to PG for HP and opening the account, but am I okay with the report of Pg also having account showing!

 

Who is your secured LOC with?

Util to high for Amex Charge, what kind of debt $$ are you talking?

Fico Scores: EQ- 662., TU 684 Barclay, EX 700 (3/21/15)

You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
72 Cards and Counting :smileytongue:
Epic Contributor
Posts: 23,784
Registered: ‎10-23-2007
0

Re: Revisiting biz credit

ooh, 1 more thought, you have Sams in your area?  If you are willing to PG, GE might be nice to you and once you get it, you can probably avoid the HP in future and maybe store first, but at some point you could get Discover probably, and unlike personal underwrighting I think they have the ability to do the upgrade not wait for computer!

Fico Scores: EQ- 662., TU 684 Barclay, EX 700 (3/21/15)

You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
72 Cards and Counting :smileytongue:
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.