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Behalf is now a soft pull

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Re: Behalf is now a soft pull

Thanks for the info. I can also confirm it's a SP. Just got approved for $30,000

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Message 21 of 29
Regular Contributor

Re: Behalf is now a soft pull

@Dabachaleor

 

Outstanding SL there Dabachaleor! Congrats!

 

You must have strong personal and business credit. Highest SL I have seen.

 

bizcredit11

Message 22 of 29
Valued Contributor

Re: Behalf is now a soft pull

I got 10,000 @ 1.5%.

 

Don't know that I'd ever use it -- that 1.5 starts immediately, as opposed to the typical 25 'ish day float on a zero balance credit card. But it's nice to have available.

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (9/12/2019): FICO 08 EXP: 737; TU: 741; EQ: 752
2019 Goal Score: 800 across the board


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Message 23 of 29
New Contributor

Re: Behalf is now a soft pull

SP confirmed. 

$ 10K at 1.5% monthly.

Thanks OP

Message 24 of 29
Frequent Contributor

Re: Behalf is now a soft pull

Thanks also got approved.

Will only use it as needed.

Message 25 of 29
Regular Contributor

Re: Behalf is now a soft pull

I think it's also important to add merchants to Behalf as a new business payee. 

 

So far I can use Uline, Quill, AutoZone, and perhaps Lowes AR, but I'm not certain yet about Lowes. More vendors need to be added though by us users.

 

All my revolving accounts cannot be used for Behalf though. 

 

My rep made these suggestions to me:

 

1. Check with to local store you wish to buy from and ask a manager if they have accepted a Behalf virtual mastercard at checkout.  If they do,  you can simply shop online a day or two before going to the store and submit a request for payment from your Behalf portal. Once the transaction is approved, you will receive the (one-time mastercard for payment) and you go to store and use it at the checkout.
 
2. If they don't accept or they are unfamiliar you can go to the store and get a order ID for the items and an exact price for the items. You can then go home and enter a payment request and us the order ID and then when you get the card you can call the store and buy the items over the phone.
 
These larger suppliers are not partners with Behalf so each one will have a different payment methods.
 
Hope this can benefit someone using Behalf.
 
bizcredit11
Message 26 of 29
Regular Contributor

Re: Behalf is now a soft pull

For those of you interested in the reporting side of things:

 

Behalf just showed up on my business Experian account. It reports under Financial Trades/Services and the payment terms listed are Cashadv being that it is a merchant cash advance.

 

It took a little less than 3 months to report to Experian. Of course it's not on either D&B or Equifax yet. No surprise there.

 

bizcredit11

Message 27 of 29
Valued Contributor

Re: Behalf is now a soft pull


@bizcredit11 wrote:

For those of you interested in the reporting side of things:

 

Behalf just showed up on my business Experian account. It reports under Financial Trades/Services and the payment terms listed are Cashadv being that it is a merchant cash advance.

 

It took a little less than 3 months to report to Experian. Of course it's not on either D&B or Equifax yet. No surprise there.

 

bizcredit11


Have you used it, which caused it to report? Or has it reported because you have an account?

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (9/12/2019): FICO 08 EXP: 737; TU: 741; EQ: 752
2019 Goal Score: 800 across the board


Take the myFICO Fitness Challenge
Message 28 of 29
Regular Contributor

Re: Behalf is now a soft pull

Yes, of course I used the account. I wouldn't apply for an account I wasn't intending to use.

Message 29 of 29
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