Forward Going assistance Please

[Swmjason]

TU: 2,7,9 (6,12,24) Efx: 3,7,9(6,12,24) Exp: 2,6,8(6,12,24) New accounts: CUR :at and near 30%; Scores near 700s; No new credit in most recent 6 months. New LLC 6 months old, Design Build Engineering LLC, would like to move ahead with BCC for that company. I appd today w/ Amx pending on both p/b. Any recommendations, no lates ever, 2 auto loans 1 at 12 months the other at 36 months, high income, high savings and investment rates. Would like to be in a position for SBA financing in 3to 6 months from now. Current EXP Biz 85, EFX Biz 361, No D& B Score yet, unknown SBFF score. Currently with : USB NFCU: BLue/Green AMX Plat/BCP GESA and a few others. None I believe have HP clis, have not requested any yet. they havent exceeded 5k yet??? Any recommendations, guidance, advice, counsel, coaching???? What todo to get higher limits or which banks i should focus and increase or establish relationships ?

[Varsity_Lu]

Honestly, I can't understand anything that you wrote.  It would help if you would actually use sentences.  Everything is in code that makes no sense and reads like gibberish.  Could you please edit your post to make it readable?

[BrutalBodyShots]

Hey there @Swmjason. I'm not really sure what you're asking. It appears you're looking for advice, but I'm not sure regarding what exactly. It doesn't seem you've provided much info about your profile.

For example, you mention 30% utilization without any real context. Not all utilization is created equal. There are profiles with (say) 70% utilization that are stronger than those with 15% utilization. Why? Because if the profile with 70% utilization is from a strict Transactor (always pays their statement balances in full) they are not seen as an elevated risk, where someone with even 15% utilization that carries balances from month to month (known as a Revolver) is seen as a greater risk / is not using their revolving credit responsibly. The actual way you pay your credit cards matters far more with respect to your overall profile than percentage.

[Swmjason]

Are you suggesting that I should start doing AZEO before applying for CLIs or new credit? At what individual CUR can I start for each card CLI? Are there other institutions that offer Revolving credit in my current status? I am not interested in adding credit only strengthening my profile for the long term personal and short term business goals; IE: SBA and other business financing abilities.

[BrutalBodyShots]

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@Swmjason wrote:
Are you suggesting that I should start doing AZEO before applying for CLIs or new credit? 

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No, because CLIs happen (or don't happen) because of your overall credit profile, not your scores. AZEO prior to CLIs can actually be detrimental on a strong credit profile, because you're showing the issuer a lesser "need" for the CLI. They will also see tiny or non existent balances elsewhere, which only suggests to them that you don't use your existing revolving credit much at all. If you're applying for new important credit (like a loan) AZEO can be beneficial.

When it comes to CLIs, you want HIGH statement balances that are then paid in full monthly. Yes, even 100% utilization is fine and can actually stimulate favorable CLI results. High utilization is only "bad" when you are carrying balances and throwing away money to interest. It's carried balances that equate to elevated risk, not simply high utilization.

Can you get approved for credit cards with your profile as-is? Certainly.

[ptatohed]

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@Varsity_Lu wrote:

Honestly, I can't understand anything that you wrote.  It would help if you would actually use sentences.  Everything is in code that makes no sense and reads like gibberish.  Could you please edit your post to make it readable?

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^^^  This, and why is it in Credit Card Approvals?

[FicoMike0]

Ditto @Varsity_Lu 

Roflol, I didn't even read it all.