topic Re: Business Credit in Credit Cards

Business Credit

Jesedmotherof5 — Sat, 19 Apr 2008 17:48:29 GMT

Hi- Im looking for a major Credit card for our Business Construction We have a DNB paydex of 80. 13 Tradelines (mostly Vendor accounts added witht he 699eupdate Waste of money in 2006) I have an experian file too but its all messed up right now. Last week it had our tradelines that dont report to DNB and this week it has our old adress two years ago with no tradelines.

What I have is

55,000 Ford auto Loan

50,000 DELL credit only 5k on it

3000 OD card

Nextel

Just approved for Shell 5k (i really want a cheveron/ VALERO or AMPM as gas is cheape)

Just approved FINALLY after four trys 10K HOME Depot (Today!!!) I had to send an update to DNB that my buisness has been running strong since 2005.

I got a pre ap for AMEX Buisness rewards gold but didnt want to apply if they wanted a PG. My scores are tanked enough with Buisness credit pull from last year.

Any help PLLLLEEEAAAASSSSEEE!

Re: Business Credit

Marvintran — Sat, 19 Apr 2008 20:19:52 GMT

When you say major credit do you mean major credit line or prime company?

With the credit crunch these day, most company will pull your report to be able to give you a

resonable credit line. If your scores are decent I would recommend you to check out Amex, Boa, Citi

Professional, or Advanta. I know Advanta and Amex will not report unless you default.

Re: Business Credit

Jesedmotherof5 — Sat, 19 Apr 2008 20:29:12 GMT

HI- Thanks for responding

Im looking for AMEX, or Citi for business without PG. My Business credit is Perfect. My personal is not so good as I have a couple of baddies from Years ago (which I am working on) I dont even care if they are prime right now as I plan on PIF. I just need something other then store cards, vendor acts and an auto loan for other purchases.\

Jesed

Re: Business Credit

Red1Blue — Sat, 19 Apr 2008 20:33:23 GMT

Try for Home Depot Business Master Card. It is issued by Citi and you can apply with only your business credit. They dont even ask your personal ssn. Goodl Luck.

Re: Business Credit

Jesedmotherof5 — Sat, 19 Apr 2008 21:00:11 GMT

Shoot I just applied this morning for the store card... I didnt think I would get approval for the MC as this was my forth time... Will it convert? Or can I reapply for the MC after a few great payments?

Re: Business Credit

CREDIT4BIZ — Sat, 19 Apr 2008 21:15:14 GMT

The home depot business rewards is worth a try I got mine in nov. 07 with $1800 cl last week I called and recieved a cli to $9000. Also arco will give you card but I closed it because its a charge card with a monthly fee of $10. why would someone want a pif with monthly fee? anyways goodluck!!

P.S. I wish there was a little more disscussion on Business credit cards and lines of credit.

Re: Business Credit

Jesedmotherof5 — Sat, 19 Apr 2008 21:24:54 GMT

Thanks Credit4biz

It has been a LONG and hard road to establish credit for our construction biz.

Ironically The first two were the easiest

Dell with a CL of 25K

Office depot CL of 3k

THen Nothing, nada zippo...

I ended up having 22 INQ for the last two years becasue of PGs with no luck.

I established a DNB with 699 with all of my vendors but Dell and OD would not report.

Experian didnt even establish a file until we got a FMC loan and then suddenly I had three TL, but a low score because of a collection. Dont even know what it is....

I kept apping at HD because everyone said it was easy... No luck until I noticed that DNB had the wrong INCORPORATION date it said 2006, but it was in 2005

Fixed it last week and reapped to HD they approved for 7500, but I asked for 10k based on our monthly useage... They gave it to me... I was sooo excite I called DH (who works 7 days a week) to tell himt he good news... We spend so much there that we couldnt believe they would take this long to give us credit.

PS maybe we should start our own thread for BIZ...

Re: Business Credit

haulingthescoreup — Sat, 19 Apr 2008 21:41:22 GMT

@CREDIT4BIZ wrote:

....P.S. I wish there was a little more disscussion on Business credit cards and lines of credit.

I do, too! We're trying to get a biz credit forum going eventually. Still in the planning stages, I think.

Re: Business Credit

Creditaddict — Sat, 19 Apr 2008 21:42:35 GMT

Amex requires PG ALWAYS.

You can go back and apply for home depot mastercard. they are considered different than store card.

Sams Discover might be a good option too.

That's about all I can think of for major without pg

Re: Business Credit

Red1Blue — Sat, 19 Apr 2008 22:03:38 GMT

You could also ask for Key Bank Business Master Card with out PG. They are issued by Citi and you might get it.

Re: Business Credit

Jesedmotherof5 — Sat, 19 Apr 2008 22:35:25 GMT

thanks I'll look em up'