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Urgently Need/Want to get new credit for $50,000 to $100,000 for my TCL

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WP2020
Contributor

Re: Urgently Need/Want to get new credit for $50,000 to $100,000 for my TCL

@Aim_High Yes, it really was helpful. It changed my whole perspective on the situation, instead of looking to raise my TCL on my personal side I see its much better to start placing all my monthly business expenses where they belong, on the buss. side. Since in my particular situation my monthly credit card charges are about 95% business expenses it will really help to shift it all out of my personal profile. I also read your link and it does have very good points for everyone to follow.

 

Of course now, I will have to see if and how much buss. credit I might be able to get but thats another story and in another forum. If or when I am able to eventually get $26,000 of buss. credit, to shift that would take me 4 months of my usual expenses. When I could get this done, my personal util. will be under 9% without any new cards or CLI´s on my personal profile. Lets see how it plays out.

 

A BIG thanks to everyone that contributed their knowledge, experience and best wishes.

 

UPDATE 9/16 -- Approved for American Express business card:

https://ficoforums.myfico.com/t5/Business-Credit/First-Amex-Buss-card-approved-sooo-happy/m-p/640797...

Gardening for 4 years!!! 
Until 2016 – Fico8 805
2017 – Fico8 579
2020 - Fico 8 - EQ 706 TU 708 EX 714
100% payment history in 24 years.
No other Loans of any kind nor negative remarks.

Current Cards:
Discover $11400/$11500 (BT)
Bofa $9500/$11000 (BT)
Chase SP $6000/$7000
Citi Credit Line $4,000/$6000
Chase Slate $1100/$2000
Chase Freedom $1900/$2000
Amex Delta $0/4800
Citi Thank You- $0/$10000
Citi Simplicity $0/6500
Citi Overdraft $0$6000
Message 91 of 92
FinStar
Moderator Emeritus

Re: Urgently Need/Want to get new credit for $50,000 to $100,000 for my TCL

As the topic appears to be very well-covered (given the number of responses) + the OP has indicated their business card approval and future strategy, this thread is now locked and closed to new messages.

Message 92 of 92
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