topic Re: Bank of America Secured Business Line of Credit Unsecured in Business Credit

Bank of America Secured Business Line of Credit Unsecured

ejbarraza — Sun, 04 Aug 2024 02:36:26 GMT

It took about 15 months for the $5,000 deposit to unsecure, but it was worth it. If I could do it over again I would have deposited $1,000 to open the BLOC and after a year I would have deposited another $49,000 and asked for a credit limit increase. This strategy worked with the Wells Fargo Secured Business Credit Card.

Re: Bank of America Secured Business Line of Credit Unsecured

keekers — Sun, 04 Aug 2024 03:42:24 GMT

Congrats.

Re: Bank of America Secured Business Line of Credit Unsecured

MissLiz — Sun, 04 Aug 2024 10:14:12 GMT

Congratulations!

Re: Bank of America Secured Business Line of Credit Unsecured

Dcowboy08 — Sun, 04 Aug 2024 12:22:48 GMT

@ejbarraza wrote:
It took about 15 months for the $5,000 deposit to unsecure, but it was worth it. If I could do it over again I would have deposited $1,000 to open the BLOC and after a year I would have deposited another $49,000 and asked for a credit limit increase. This strategy worked with the Wells Fargo Secured Business Credit Card.

Re: Bank of America Secured Business Line of Credit Unsecured

Dcowboy08 — Sun, 04 Aug 2024 12:24:30 GMT

Oops... edit.

I've had my secured visa for 5 months. A big congrats on your graduation. Let us know how that account grows for you.

Re: Bank of America Secured Business Line of Credit Unsecured

cashorcharge — Mon, 05 Aug 2024 19:16:59 GMT

That’s Terrific!! Congratulations on your graduation!!👏🏼🍾🥂