Reply
New Contributor
Xer0_SiN
Posts: 92
Registered: ‎09-13-2013
0

reporting question

[ Edited ]
i recently got approved for my first business card. i was wondering on how it reports since i know business cards reports to (biz) ex, eq, and duns. i was wondering how would this would report if i applied as a sole proprietor? this is my first year of doing this whole deal so its new to me. i have two rental properties that i rent out, and was gonna use the business cards for those. when i applied for the card i only put my name on the business name and dba. i also just used my ss number. i do intend to setup as an llc, but for right now its just me. will the card just report to my personal credit report since there is no business credit report to report to? when i apply for other business cards will other companies be able to see my chase ink? thanks in advance.
NFCU Cash #1: 15000, NFCU Cash #2: 15000, USAA Plat: 10000, USAA AMEX: 10000, Local CU #1: 7500, Chase Hyatt: 5000, NASA FCU: 5000, SDFCU: 5000, FNBO: 5000, Militarystar: 4700, Chase Militarystar: 4700, Local CU #2: 3000, Chase Ink Classic: 3000 Zales: 2700 Discover IT: 1500, GE Amazon: 1400, GE Walmart: 1400, Target: 500, GE Dillards: 300
NFCU LOC: 15000, Local CU LOC: 3000
Epic Contributor
Creditaddict
Posts: 20,414
Registered: ‎10-23-2007
0

Re: reporting question

what bank?

Fico Scores: EQ- 682 DCU, TU 671 GE, EX 695 NASA(09-24-14)
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: Walmart $400
Over 50 Cards in between :smileytongue:
New Contributor
Xer0_SiN
Posts: 92
Registered: ‎09-13-2013
0

Re: reporting question

thanks for your reply. the business card i ended up getting was the chase ink. i was wondering how it would report since i basically just used my ssn and entered my name in the business name and dba. i do intend to go llc, but for right now i entered everything as sole proprietor. thanks in advance.
NFCU Cash #1: 15000, NFCU Cash #2: 15000, USAA Plat: 10000, USAA AMEX: 10000, Local CU #1: 7500, Chase Hyatt: 5000, NASA FCU: 5000, SDFCU: 5000, FNBO: 5000, Militarystar: 4700, Chase Militarystar: 4700, Local CU #2: 3000, Chase Ink Classic: 3000 Zales: 2700 Discover IT: 1500, GE Amazon: 1400, GE Walmart: 1400, Target: 500, GE Dillards: 300
NFCU LOC: 15000, Local CU LOC: 3000
Established Contributor
scenery_guy
Posts: 958
Registered: ‎07-24-2012
0

Re: reporting question

Inks do not report to personal unless you severely default. They do report to the business reports, not sure about D&B.

New Contributor
Xer0_SiN
Posts: 92
Registered: ‎09-13-2013
0

Re: reporting question

ok gotcha. what im trying to get at is, when i finally start having a business fico, will the card be back tracked all the way to last month, or will the chase ink tradeline only be reportable from when the business can generate a business fico. sorry, this sounds way more confusing that it ought to lol.
NFCU Cash #1: 15000, NFCU Cash #2: 15000, USAA Plat: 10000, USAA AMEX: 10000, Local CU #1: 7500, Chase Hyatt: 5000, NASA FCU: 5000, SDFCU: 5000, FNBO: 5000, Militarystar: 4700, Chase Militarystar: 4700, Local CU #2: 3000, Chase Ink Classic: 3000 Zales: 2700 Discover IT: 1500, GE Amazon: 1400, GE Walmart: 1400, Target: 500, GE Dillards: 300
NFCU LOC: 15000, Local CU LOC: 3000
Established Contributor
scenery_guy
Posts: 958
Registered: ‎07-24-2012
0

Re: reporting question

It is more confusing. It starts reporting from when you get it for the most part. It's going to report from opening and use so as you add more tradelines it will in essence become your oldest line. 

 

Not really much to see as far as business lines go. Just make all the payments and it's good. 

Established Contributor
scenery_guy
Posts: 958
Registered: ‎07-24-2012
0

Re: reporting question

Found this posting on a blog I frequent. Worth the read. 

New Contributor
Xer0_SiN
Posts: 92
Registered: ‎09-13-2013
0

Re: reporting question

wow right on man. thanks for the read!
NFCU Cash #1: 15000, NFCU Cash #2: 15000, USAA Plat: 10000, USAA AMEX: 10000, Local CU #1: 7500, Chase Hyatt: 5000, NASA FCU: 5000, SDFCU: 5000, FNBO: 5000, Militarystar: 4700, Chase Militarystar: 4700, Local CU #2: 3000, Chase Ink Classic: 3000 Zales: 2700 Discover IT: 1500, GE Amazon: 1400, GE Walmart: 1400, Target: 500, GE Dillards: 300
NFCU LOC: 15000, Local CU LOC: 3000

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
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+