Inspired by @woodyman100 thread, I applied for the business line of credit (5k) and business visa (5k). I was approved for both the LOC and the Visa card. I am very happy, have wanted a business LOC for ages, but never had the gumption to ask for one.
Instructed by @pizza1 to do so, I'm starting this new thread (I would never say no to @pizza1).
It took about 2 weeks from the date of the initial application to learn that the line of credit had been approved. It took maybe another 2 days for it to show up online. Shortly thereafter I learned that I'd been approved for the credit card too.
There was a hard pull on TU.
My FICO 8 score on TU was 760-something.
As usual, I had a pretty high number of inquiries and new accounts.
@Anonymouswrote:
@SouthJamaicawrote:@Anonymous by @woodyman100 thread, I applied for the business line of credit (5k) and business visa (5k). I was approved for the LOC
and haven't heard back yet on the Visa card. I am very happy, have wanted a business LOC for ages, but never had the gumption to ask for one.
@Instructed by @pizza1 to do so, I'm starting this new thread (I would never say no to @pizza1).
It took about 2 weeks from the date of the initial application to learn that the line of credit had been approved. It took maybe another 2 days for it to show up online.
There was a hard pull on TU.
My FICO 8 score on TU was 760-something.
I always have a pretty high number of inquiries and new accounts.
Congrats SJ!
What are your existing personal NFCU accounts? What documentation, if any, did you have to provide? Also what is the structure of your business?
@Anonymous @Anonymous
On the personal side I have a CLOC (15k), a Flagship Visa (13k), and a Platinum Visa (33k), as well as checking & savings.
It's a corporation.
To set up checking and savings I needed the certificate of incorporation and employers ID number letter.
For the credit application I also needed to provide signed bylaws.
@Anonymouswrote:
@SouthJamaicawrote:@Anonymous by @woodyman100 thread, I applied for the business line of credit (5k) and business visa (5k). I was approved for both the LOC and the Visa card.
did you only ask for 5k on the cloc and cc?
Yes that's all I asked for.
@SouthJamaicawrote:@Anonymous by @woodyman100 thread, I applied for the business line of credit (5k) and business visa (5k). I was approved for both the LOC and the Visa card. I am very happy, have wanted a business LOC for ages, but never had the gumption to ask for one.
@Instructed by @pizza1 to do so, I'm starting this new thread (I would never say no to @pizza1).
It took about 2 weeks from the date of the initial application to learn that the line of credit had been approved. It took maybe another 2 days for it to show up online. Shortly thereafter I learned that I'd been approved for the credit card too.
There was a hard pull on TU.
My FICO 8 score on TU was 760-something.
As usual, I had a pretty high number of inquiries and new accounts.
LOLOL!!! I just didnt want your own approval getting lost in someone elses thread! PLus the individual data points really help out the community
Congrats on the approvals, thats super awesome!!!
Congrats on all the approvals! I’m going for the visa and business LOC tomorrow.
Thanks for the new biz thread! And congrats.
