Shirtsy - Net 30 Accounts

[Red1Blue]

Does any one has a Net 30 Account with Shirtsy ? They say I am approved but they want $99 / AF for the account. I already have other accounts with other vendors. I am not sure if I should pay $99 for this account and add it to my portfolio. I am on the side of saying pass it for now.

[Anonymous]

Do you need this account for their products and do you see worthwhile benefit by paying $99 AF?

Personally I would say no to any Net30 wanting an AF or any type of service fees to just do buisness with them. It essentially equates to me paying them extra Money just to buy their stuff.  Building credit shouldn't cost you Money, unless it's recoupable somehow.

[Red1Blue]

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@Anonymous wrote:

Do you need this account for their products and do you see worthwhile benefit by paying $99 AF?

Personally I would say no to any Net30 wanting an AF or any type of service fees to just do buisness with them. It essentially equates to me paying them extra Money just to buy their stuff.  Building credit shouldn't cost you Money, unless it's recoupable somehow.

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Hi @Anonymous I agree with you. I did not know there is AF when I applied for the account. I dont want the account with AF at this time. I told them to cancel my application / account and I would not like to pay AF and it was not disclosed in the application. I have 7 Tradelines now and they reporting now and they are good. Will wait till August 2021 and apply for Amex Biz Card and US Bank Biz Card.

[WayneSki]

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@Red1Blue wrote:

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@Anonymous wrote:

Do you need this account for their products and do you see worthwhile benefit by paying $99 AF?

Personally I would say no to any Net30 wanting an AF or any type of service fees to just do buisness with them. It essentially equates to me paying them extra Money just to buy their stuff.  Building credit shouldn't cost you Money, unless it's recoupable somehow.

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Hi @Anonymous I agree with you. I did not know there is AF when I applied for the account. I dont want the account with AF at this time. I told them to cancel my application / account and I would not like to pay AF and it was not disclosed in the application. I have 7 Tradelines now and they reporting now and they are good. Will wait till August 2021 and apply for Amex Biz Card and US Bank Biz Card.

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What is the reason you are building biz credit? I have read a few of your posts and you are spending thousands on vendor credit. Do you have all these tradelines for the sake of saying you have "business credit"? Imagine how much your spending on useless tradelines and overpriced items from here until Aug 2021. You DO NOT need vendor tradelines or business credit to apply for a business credit card. Save your hard earned cash and work on your personal credit...that's what you'll need.

[Red1Blue]

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@WayneSki wrote:

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What is the reason you are building biz credit? I have read a few of your posts and you are spending thousands on vendor credit. Do you have all these tradelines for the sake of saying you have "business credit"? Imagine how much your spending on useless tradelines and overpriced items from here until Aug 2021. You DO NOT need vendor tradelines or business credit to apply for a business credit card. Save your hard earned cash and work on your personal credit...that's what you'll need.

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Hi @WayneSki, Thanks for your message. I contacted Shirtsy and asked them to cancel my application for Net 30 and I do not want to pay the Annual Fees. I am done paying for these Tradelines. I have 7 good Biz Accounts reporting now and I'll let them age for next 6-8 months and see where things stand. August 2021 is when I want to apply for Amex Biz Card and US Bank Biz Card. That is it for now and no more apping for Biz. If I need capital there are VCs and Angles that I can tap into. My 3 Personal Reports are already frozen now and they will remain that way until August 2021.

[Anonymous]

AMX goes by your personal credit score. And they only do 1 hard pull. So if you applied for an additional card a year later, it would just be a soft pull. I just received my AMX Business Gold Card about two weeks ago. Prior to that, I did receive a preapproval in the mail. But I waited for 2 additional trade lines to hit on my personal credit report. 

[Anonymous]

Hello, could you please tell me what 7 tradelines you have?

[Anonymous]

Hi! 

I came across your post because of the same reason; not knowing an AF was associated with their NET30. I saw you mentioned fresszing your personal credit as well. Can you tell me how to do this and the benefit? 

Much Gratitude, 

Frankie

[ScorpioRising]

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@Red1Blue wrote:

Does any one has a Net 30 Account with Shirtsy ? They say I am approved but they want $99 / AF for the account. I already have other accounts with other vendors. I am not sure if I should pay $99 for this account and add it to my portfolio. I am on the side of saying pass it for now.

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Don't bother with Shirtsy. Let no one bother with Shirtsy, Crown, Summa, etc. They will take your money and will NOT report to any Business Credit Bureau. Please save your $99 for better use. 

[FreedomWizard]

Have you had bad experiences with them? They're pretty common net 30 accounts for business credit - they claim to report.