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Can I ask creditors not to report my new account?

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Re: Can I ask creditors not to report my new account?

This, and the last few threads are really pushing the envelope. I'm not sure whats OPs intention but asking these types of questions are not meant to be thought provoking.
Message 11 of 12
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Re: Can I ask creditors not to report my new account?


@enharu wrote:

Palladium is a hidden TL too if I am not wrong.

 

If you have high utilization due to your business operations, why not get a business line of credit instead? There are net 30 / 60 / 90 accounts that work somewhat like charge cards, and they do not count towards your utilization.

 

Regardless, you can always ask. I wouldn't recommend it however.


Correct - the Chase Palladium and JPM Select are both "hidden" TLs and suppressed from CRA reporting (unless default occurs of course).  They are intended for a specific purpose for HNW/UHNW clients, just like UBS and Goldman Sachs cater to their client base in similar fashion with some of their IB/TS card products.

Message 12 of 12
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