topic Re: Which accounts to apply for with medical collection on personal credit in Business Credit

Which accounts to apply for with medical collection on personal credit

Anonymous — Sat, 20 Jun 2015 13:04:31 GMT

We are now a c corp and looking to build credit. However, with a 18 month old medical collection (paid), our personal cards would not allow increase!

We are trying to find accounts that will not do credit pulls. If our own personal cards won't approve increase.....

current score is 692, but was 730s last month before 5k purchase on cc. (Now paid off). Report that it's paid off hasn't hit credit bureau.

Thinking to wait until payment is reported, but don't know how much that will push number up.

Ty!

Re: Which accounts to apply for with medical collection on personal credit

silver_idle — Sat, 20 Jun 2015 18:49:27 GMT

@Anonymous wrote:
We are now a c corp and looking to build credit. However, with a 18 month old medical collection (paid), our personal cards would not allow increase!
We are trying to find accounts that will not do credit pulls. If our own personal cards won't approve increase.....
current score is 692, but was 730s last month before 5k purchase on cc. (Now paid off). Report that it's paid off hasn't hit credit bureau.

Thinking to wait until payment is reported, but don't know how much that will push number up.
Ty!
L

I would suggest going for net term accounts (net 10, 30, 60 etc) and build from there. Reliable (now Office Depot, so i dont know how this will work now), Quill, Uline, and several others vendors offer net 30 terms. Also, I would not suggest using personal cards for business use (and vise versa). You can try to apply for a business credit card and PG it, and try to recon it if you get denied.

Re: Which accounts to apply for with medical collection on personal credit

Creditaddict — Sun, 21 Jun 2015 14:59:58 GMT

you can probably get an Amex Business Charge with the paid collection.

Capital One Spark

These 2 will pull credit but they are the easier of the PG business cards.

otherwise you will have to do the net accounts like other poster suggested and build the business credit for a while before you can probably obtain any credit cards like BJ's business MC without pg.