Here's what DW & I had as of 4-3-06. I haven't updated this list since then, but it give you an idea. I pick up $30K-$50K a month on the average. Plus, I call like clockwork for CLI's.
On 1-20-04, I only had a Lowes store charge with $4k limit.
On 1-20-04, DW only had Discover with $10K limit, CitiBiz with $5K limit, Macy's, Hecht's, and Citi Mellon MC with $14K limit.
SuperCreditMan
Personal Accounts Opened Limit
Household Gold 3/1/04 250 WalMart Store Card 3/1/04 405 Target Visa 4/1/04 500 Corvette Household 3/1/04 500 Pentagon FCU Thrifty 500 84 Lumber Store 6/1/04 1150 HSBC GM Card 3/1/04 1500 Dillard's AMEX 3/25/06 2000 GM Extended Family 3/1/04 2500 Providian Personal 3/15/06 2500 Kroger 1-2-3 MC 3/1/06 2500 GEMB/Meijer MC 2/1/06 3200 RBS MC 7/1/04 3500 Peoples MC 8/1/04 3500 Union Plus-Household 2/2/04 3600 Lexus Persuits Visa 3/1/06 4000 First Tennessee 3/1/04 4000 KNBT (Elan) Visa 1/15/06 5000 National City Personal 11/4/04 6000 Circ.City Visa 2/1/04 6800 Compass Visa 10/27/05 8000 Bank of Int. Visa 5/24/05 8000 TCM Visa 9/1/05 8000 US Bank (Harley) 3/1/04 8500 Bank of America Plat. 3/4/04 9500 Capital One No Hass. 3/15/06 10000 Digital FCU Visa 4/1/04 10000 Western FCU Visa 12/4/04 10000 Western FCU LOC 12/1/04 10000 Lowe's Personal 1/1/98 12000 53 Bank 8/15/05 12000 BOA Power Rew Visa 3/9/06 12200 Nordstrom Visa 1/22/04 15000 BMW Bank Visa 2/9/05 15000 Chase Flex Rewards 8/1/05 15000 Phillips 66 MC 3/14/05 20000 Quicken Citi Personal 3/14/05 20000 Citi Citgo Visa 2/1/05 20000 Cabela's Club Visa 3/1/04 20000 Patelco FCU Visa 6/4/04 20000 Citi Dividend PS 2/1/05 21000 Patelco FCU MC 7/4/04 25000 Shell Plat. Select MC 3/15/05 25000 Exxon-Mobil MC 3/14/05 25000 ATT Universal Card 3/15/05 25000 Coastal FCU LOC 6/1/04 25000 USAA Master Card 6/1/04 25500 Pentagon FCU Visa 6/1/04 30000
Business Accounts
All Phase Elect Sup ? ABC Building Supply ? Home Depot Supply 10/14/05 ? Lamps Plus 12/14/05 ? United Parcel Service ? Tiffany and Company 3/1/2005 ? Radio Shack Biz ? Federal Express ? Border's Books Corp 4/10/05 ? Harvey Industries ? Kinko's Biz ? BOA Pow Rew. Visa 3/3/06 25000 Interstate Batteries 11/1/05 250 Valero Oil Co. 1000 Chase Business Visa 6/1/05 1000 WalMart Corporate 1000 JC Penney Biz 1500 Exxon-Mobil Business 1900 Citgo Gas Card 2000 Staples Biz 2000 Office Max Biz 3000 Shell Corp. Gas Card 3000 Sam's Club Biz 3500 Citibusiness AA Visa 11/7/05 4000 Amazon.. LOC 4000 Target Commercial 4500 Tractor Supply 10/14/05 5000 Office Depot Biz 5000 Dell Biz 5000 Expo Design Center 5000 Cap One Biz No Has 3/15/06 5000 Home Depot Rev Biz 5000 Chase Business Visa 4/28/05 5000 Sunoco Fuel Card 5500 Key Bank (Citi) MC 3/3/06 7500 Home Dep 30 Day Biz 7500 M&T Elan Biz 1/17/06 7500 John Deere Credit 10000 Chevron-Texaco 9/1/05 10000 Marathon Fuel 10/1/05 10000 Wells Fargo Biz MC 8/10/05 10000 Quicken Business 2/28/05 10000 HDBiz MC (co. 1) 10/5/05 13500 Lowe's Biz 6/1/98 15000 National City Biz 11/4/04 15000 CitiBusiness (2) 3/30/06 15000 Advanta Biz 4/29/05 19500 CitiBusiness PP 3/30/06 20000 Citibusiness AA (2) 3/30/06 20000 Gulf Corp.Gas Card 11/1/04 20000 Wright Express 10/17/05 21000 Bank of America LOC 1/15/05 23500 BOA Biz Plat.Visa 3/3/06 25000 HD Biz MC (co. 2) 4/22/05 25000 Sam's Clb Dsc 6/1/05 25000 Compass Biz MC 11/11/05 25000 CitiBusiness 3/30/05 25000 M&T Bk Biz LOC 4/11/05 25000 Capital One Biz LOC 3/15/06 25000 WF Biz Line 8/10/05 25000 Citizens Bank LOC 4/1/06 40000 PNC LOC 8/15/05 50000 First Horizon LOC 11/1/04 50000 BOA LOC 3/15/06 50000
Total 1236755
DW
Account Name Opened Limit
Bank of Amer 11/1/04 4300 Mellon 6/10/05 0 Household MC 4/4/04 0 Boscov's 12/1/05 0 Corvette Household 3/1/04 305 Macy's 500 GM Card-Household 3/1/04 600 Hecht's 620 WalMart Store Card 2/21/05 740 Target Visa 700 Juniper Platinum MC 1/24/06 1250 Citizen's Bank MC 7/29/05 2500 GM Extended Family 3/1/04 2500 Citi Dividend Plat Sel 1/15/06 2800 ATT Universal Card 1/15/06 2800 Cabela's Club Visa 9/1/2004 3300 Sam's Club 6/1/04 3500 Lexus Rewards Visa 9/1/05 4000 Nordstrom Visa 12/1/05 5000 Providan Visa 1/25/06 5500 Exxon-Mobil MC 1/15/06 6000 Phillips 66 MC 1/15/06 6000 Sunoco Master Card 1/15/06 6400 Citgo Visa 1/15/06 6400 AMEX Blue 3/1/04 6600 Bank One Amazon 12/15/04 6800 Meijer's MC 1/23/06 7000 Bank of America 11/1/04 7300 TCM Visa 12/1/05 8000 Discover 6/1/00 10000 53 Bank 8/1/05 11000 Quicken Personal MC 1/15/06 12000 BMW Bank Visa 5/1/05 12500 Bank One Signature 2/1/05 17600 Pentagon Federal LOC 6/1/04 25000 Pentagon Federal Visa 6/1/04 30000 Digital FCU 6/4/04 30000 Patelco FCU 6/4/04 30000
Business Accounts
Advanta Biz MC 6/1/05 3500 Citi Biz MC 5000 Capital One Biz MC 2/10/06 7000 Quicken Business MC 1/15/06 8000 BOA Biz Credit Expr. 10/31/05 8000 MBNA Elite Biz LOC 4/30/05 10500 National City Biz 4/10/05 10000 Wells Fargo Biz Line 15000 HSBC Business MC 5/10/05 25000 AMEX Bus. Platinum 3/1/04 100000 AMEX Capital Line 3/1/04 20000 Capital One 2/1/04 3000 MBNA Platinum Plus 5/1/05 22500 Elan Biz Visa 2/25/05 10000 KNBT 6/1/05 5000 Union Plus-Household 2/1/04 15000 Chase Signature Visa 12/15/04 7000 Chase Biz Rewards 12/1/05 10000 BOA Business Visa 2/20/05 12700 BOA Business Visa 10/31/05 25000 First Horizon LOC 11/1/04 50000
Total 655,415
I copied this from a thread I have over on CB. Like I said, I have more than these. I just didn't get around to updating this list. I use an Excel spreadsheet to organize them. Being a novice, I had trouble copying and pasting the items from the sheet to a text box in a forum. The items list like a paragraph. Anyway, I do have several other cards not listed above, like Discover personal and 2 biz Discovers etc. M&T gave me a second biz LOC for $25K. Got 2 Premier LOC, one Sams and one GE for $25K and $20K. The only popular ones you can see I don't have are MBNA and AMEX. I settled with MBNA and they won't open new accounts for me. AMEX shut down $250K across 5 cards around last Christmas. I settled with Chase too, but I'm back in good with them.
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I think the question everyone wants to know is how you went about getting all the credit...did you do a massive App-O-Rama?
Or did you just apply whenever and wherever you found an application somewhere? Did you target cobranded cards specifically? Did you apply for several at the same time? Etc.
What was your strategy (if any)?
And can you link some of your CreditBoards posts so we can read more and learn of how you went from settling with creditors to nearly 2M in credit?
You make 30k-50k a month and you did ann app-o-rama? Thats insane that creditors allow you to apply to so many CC in the alotted time. I thought credit bereaus know you applied to too many apps in about 1 day?
I an income of $30K a month with just my real estate leasing. Then, I have a computer store, which isn't very busy any more, a used car dealership, and propane dealership. DW is a counselor. The car dealership has existed for over 20 years but it wasn't active for 10 years. I need extra income so I started about 6-05 buying and selling cars again. I should show $200K sales from that this year.
I've had finacial difficults for 15 years, since the town started charging for sewer and trash, which used to be included in the taxes. Then they started jacking up the taxes. Then a bunch of tenants moved and left the places a mess, and things just got really bad. I took out a commercial loan to fix the homes and ended up with a $1.2M mortgage. A year later, a judgement for $1.2M. Then, got behind on trash and sewer. Sewer filed 45 judgments on dw and me. Trash never did. I gut $250K behind on RE taxes, (3 years). Things were BAD. Bank was going to call in the commercial loan. I convinced them to give me another 30 days to increase my income, which had dropped to $18K the one month, when the loan payment itself was over $10K. I did get the income up. In 1 month I got 17 leases signed, so they gave me a little more time. Then a little more, then a little more, all the while having weekly meetings to go over the financials. Then, in July 2004, they sold the loan to a servicing company who fully intended to buy the property at tax sale within 3 months of acquiring the loan. Now you can see why I had to scramble to get this credit from nowhere or I would have lost $4.5M in assets, with only $1.5M in debt. Local banks wouldn't give me a dime because of the red ink. I paid 1 year of taxes in 6-04, $64K, with personal credit acquired between 1-21-04 and 6-30-04. Then, in 8-04, another $40K of taxes with more newly acquired personal credit. That got the wolves off my back for a year. They never found out about the delinquent utilities and I managed to stick to a payment plan of over $4K a month until they were all paid in full and the judgments satisfied, all except the big one. I'll take a break to hear your comments.
I'll be trying for some credit unions that pull EQ only. Just trying to regroup and get some inq's off of TU, in case they pull both EQ and TU. I MUST NOT apply to any that pull EX due to excessive recent apps.
I've got $140K at 0% with Citi 'til next september, and many of the others are at no more than prime plus 1. I DON'T use ANY personal credit. All balances are business debt. It's way cheaper to pay interest than to be delinquent and with utilities or RE taxes and pay HIGH penalties. The lesser of 2 evils. I have no alternatives at this point, unless I win the lottery.
jdopple said:That's an expensive way to finance debt, no? You sure you're not getting into trouble again.
i think so too. this does not make much sense. Do you have any equity in your properties? You didn't buy a bunch of properties with no money down, did you?
My mortgage prohibits second mortgages. I didn't just buy them. It's been a family biz for 85 years. I bought it 27 years ago and expanded it. The area where it is sucks. Lots of fixed income and low income population. Can't charge enough rent to break even. Can't attract higher pay individuals because of lack of high pay jobs.
Exactly. That's why I got in a bind. I never believed in credit and borrowing. I didn't get credit cards until I started an extensive rehab of rental properties and discovered the need for consolidated statements. I wish I would have had more credit back years ago and I would never have been backed into the corner I was in. NEVER, NEVER, AGAIN will I operate a business with unpredictable cash flow without backup credit.
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Holy Cow! 
