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.
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?
makeinu
Thrifty Member
posted: Oct. 17, 2006 @ 7:59p
Looks like the OP is making extensive usage of bumpage.
Coupled with his high income, I'm not surprised he's been able to get so much credit.
Holy Cow! With a HH income of 400k as reported on the other forum, I can see how you could get that much credit. That's quite the list of cards.
supercreditman
Member
posted: Oct. 17, 2006 @ 8:05p
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.
SCM
sandy05
Senior Member - 1K
posted: Oct. 17, 2006 @ 8:09p
I don't even know there are so many cards available in market
supercreditman
Member
posted: Oct. 17, 2006 @ 8:11p
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.
SCM
jdopple
Senior Member - 1K
posted: Oct. 17, 2006 @ 8:11p
Unless you have borrowed 1.5 million at zero apr, what is the purpose of all that credit?
I think I've figured it out. You tell us all this in gory detail hoping someone from the left coast will buy the movie rights. Brilliant!
Who's gonna play you?
supercreditman
Member
posted: Oct. 17, 2006 @ 8:14p
jdopple,
To finance some busines debt. I do diligently pay $9.5K a month on LOC's and CC's, in addition to the $10K a month mortgage payment.
SCM
jdopple
Senior Member - 1K
posted: Oct. 17, 2006 @ 8:16p
That's an expensive way to finance debt, no? You sure you're not getting into trouble again.
supercreditman
Member
posted: Oct. 17, 2006 @ 8:21p
Jdopple,
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.
SCM
agentpt5
Senior Member - 2K
posted: Oct. 17, 2006 @ 8:21p
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?
better to have it now so when you really need it you dont have to scramble and get it.
supercreditman
Member
posted: Oct. 17, 2006 @ 8:26p
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.
SCM
supercreditman
Member
posted: Oct. 17, 2006 @ 8:30p
Althes,
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.
SCM
asdf9876
Happy Member
posted: Oct. 17, 2006 @ 8:33p
So are you back to positive cash flow each month now?
Man your wallet must put Costanza's wallet to shame!
supercreditman
Member
posted: Oct. 17, 2006 @ 8:37p
asdf9876,
Not exactly. If I depended only on the rental income, there isn't enough. If I need a couple fo thousand in a hurry, I dump a vehicle or 2 at the car auction and come back with a check. I also learned to deversify, not have "all your eggs in one basket". When 1 biz is slow, the other will carry it.
SCM
revheck
Senior Member
posted: Oct. 17, 2006 @ 8:39p
How can you possibly keep track of all these cards, always paying the right minimum amount, never late, never ever making any mistake? And no screw-ups by the mailman, letter opener, quicken/money/bill payment software, CSR etc.---so the whole thing comes crashing down?
Even using an "Excel spreadsheet to organize them", things go wrong sometimes out of your control.
supercreditman
Member
posted: Oct. 17, 2006 @ 8:41p
fwfquaker,
I only carry about $15 at the most in my wallet, a debt card, my Nat'l City biz, BOA LOC card, and First Horizon LOC, and Wright Express fuel card. I hate buying anything that I don't think I can sell at a profit quickly.
SCM
supercreditman
Member
posted: Oct. 17, 2006 @ 8:46p
Revheck,
I haven't been late with a payment on any credit account in over 3 years, since right before I settled with MBNA, Chase, and Discover in August 2003. I pay online with most of them, unless I have to wait for some rents to come in, before the statement arrives in the mail. For Compass Bank and Wells Fargo, I mail the payment the day the statement arrives and check online to assure all payments clear before I consider them paid for the month.
SCM
Nofal
Ancient Member
posted: Oct. 17, 2006 @ 9:15p
I don’t mean to doubt you but I find it hard to believe all this, my guess is you’re 19 and bored
yeah the number of hours you must spend doing this wouldn't be worth it to me, unless it was for over $50/hour.
supercreditman
Member
posted: Oct. 17, 2006 @ 9:33p
Nofal,
I wish I was 19 again. I'd do what my family said to do. Sell everything and get out of town while I'm young.
Not everybody sits around on these forum typing. Some people try to be movers and shakers. What about my story seems so unbelieveable that you think I'm lying? What have I got to gain by typing a story on here? My only motivation, as I see it, is to tell others that anything is possible even under the worst conditions. I don't understand what kind of high somebody could get by fabricating a story and hoping someone would respond on a computer. I think taking a walk in the mall would probably be more exciting to a 19 year old.
SCM
supercreditman
Member
posted: Oct. 17, 2006 @ 9:34p
Vanringt,
Number of hours doing what?
SCM
skwiggey
Handsome Member
posted: Oct. 17, 2006 @ 9:39p
With 3mil in equity, you aren't ready to quit the game? Perhaps get into something else, until real estate heats back up?
supercreditman
Member
posted: Oct. 17, 2006 @ 9:48p
Akwiggery,
It isn't possible to "get out of the game" when you've got a mortgage payment, insurance, trash, sewer, taxes, electric and water bills, employees, tenants, cars, equipment and supplies, health insurance, a wife, and much more I'm not mentioning. It would take me the rest of my life to sell my real estate, parcel by parcel, 4 or 5 a year, for decades, so as not to flood the local market. When selling a rental property, that rent is a percentage of the monthly mortgage payment.
SCM
supercreditman
Member
posted: Oct. 17, 2006 @ 10:06p
Now that you've got an idea of why I built the credit up that fast, lets concentrate on the accounts, and how I got them, and less on me.
SCM
CycloneFW
Senior Member
posted: Oct. 17, 2006 @ 10:15p
supercreditman said: Now that you've got an idea of why I built the credit up that fast, lets concentrate on the accounts, and how I got them, and less on me.
SCM
SCM,
I read over another forum topic you had in CB a couple of nights ago. I was impressed by the ingenuity in your approach to what FatWalleters have called an AOR. During this time period of disputing the inquries off and applying for more credit, did anyone (credit reporting agencies, lenders, etc.) try any adverse action. You kind of hinted that you talked your way through some trouble spots, but I was hoping you could elaborate more.
My biggest question in this category: Did any of the lenders come back later and take adverse action due to a significant change in your "creditworthiness" after some new accounts posted onto your CR?
CycloneFW
jdbeast0000
Senior Member - 1K
posted: Oct. 17, 2006 @ 10:16p
I would imagine that your ability to acquire credit was better than most because of what you were using the credit for. You were using the cards for their intended purpose by transferring balances to them with at least a few of them being non 0%. Reporting yearly income of 400k probably did not hurt either.
By the way, what credit monitoring service is recommended by the creditboards crowd?
This presents a perfect opportunity for the first Cash Advance O-Rama (That I've heard of, at least). The planning required for such an endeavor would be immense, but it would be soooo worth it.
Okay. I'm convinced, let's do it.
supercreditman
Member
posted: Oct. 17, 2006 @ 10:27p
Cyclone,
AMEX is the only creditor that cancelled my credit. I had a $100K biz platinum and a blue. I applied for several more last November and that spurred an AR. I passed that, danced the limits up during the next 30 days, and then they cancelled for good. Dancing was probably the reason. Target decreased my credit from $1K to $500. That's about it. Every time I accumulate inquiries, I stop a while to give them a chance to age or "B". Then go at it again.
JDBeast
I have a subscription to Privacy Matters and True Credit. I pull daily and have no inquiries on EQ, 10 recent ones on EX, and 13 recent ones on TU. TU will probably have only 6 by the middle of next month and none by the first week of December.
SCM
supercreditman
Member
posted: Oct. 17, 2006 @ 10:33p
Kram,
If I wanted, I could get $400K out as quick as deposited checks or cashiers checks clear. Penfed $35K, Patelco $45K, DCU $12.5K, Coastal $25K, Quicken personal, $20K, Dividend $20K, M&T $25K, GE Permier, $25K, Sams LOC, $25K, etc, etc. I don't use what I don't need. I wait for the low interest offers come in the mail and I shift the balances around for the best rate. And if anybody wants their money back, as long as it's not all of them, I can easily have thier money immediately.
supercreditman said: Now that you've got an idea of why I built the credit up that fast, lets concentrate on the accounts, and how I got them, and less on me.
SCMyes please... all the backstory was interesting but irrelevant to helping others. What was your application strategy??
GiftCards12
New Member
posted: Oct. 17, 2006 @ 11:31p
supercreditman said: 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.What do you mean when you say you "settled" with these companies?
he means he defaulted and screwed over some creditorsin the past...
thats what makes his story especially interesting...he has come back from credit problems to establish all this credit!
Skipping 275 Messages...
supercreditman
Member
posted: Dec. 2, 2007 @ 8:16a
win,
I didn't pay that much attention to the Freedom but I know I won't apply for it. Chase upped DW's one Chase biz card limit by $4K from $19.8 to $23.8. Infibank definitely services Suntrust personal cards. I don't know about the biz cards. I'm thinking of calling about the biz card soon, maybe tomorrow.
Paraleagle,
DW didn't get a PhD. She got a second masters, not quite as good but still impressive. She's got lots of biz credit established. She doesn't care for more. I, on the other hand, need all I can get so I can BT and keep the rates low. I have only sold property when I got close to forclosure. Hopefully, I won't go there again. My blanket mortgage has $955K balance and just reset to 9% for the next 12 months. The payment is going down from $10600 to $10,300 a month. But since my monthly healthcare plan payment went up to $1272 a month recently, and utilities and taxes keep going up, it will be harder and harder to keep going. If I wan't making a couple extra thousand a month with the cars, I'd toast long ago. Now, I've got a couple more vacancies that I know won't get filled until spring, 5 months from now. It sounds like you're on the right track with the BT's to biz credit. I managed to keep debt from showing on the personal side until 3 months ago when I upgraded my lot and bought 50 more cars. I have over 150 vehicles now. Many of them SUV's, which go great around here. I just sold one that I bought 2 1/2 months ago for $2000, and put another $400 in repairs into it because it needed an exhaust manifold. I sold it for $4K cash. I was worth $4850, but I think that's a decent profit. I certainly can't get that kind of profit with renting the RE. I had to average $550 a month per tenant to break even, but I've only been averaging about $400 a month per tenant in rent income, and the market is very weak for rentals here. I have significant competition. I don't do dealer financing or buy-here-pay-here. Too much paperwork and many times the repos come back in poor condition. A dealer I carpool with takes his repos back to the auctions and I help him by bidding on the cars up to what he wants and then stop bidding and hopefully someone else bids a little higher and he sells the car to them, or if nobody bids higher, he turns down my bid, of course. He's trying to get away from it because it's such a hassle. I know other property owners who wanted out of real estate, including this dealer friend of mine, but couldn't find a buyer for the properties year after year. So the made rent-to-own deals with the tenants. Many of the tenants gutted rooms to prepare for remodeling or trashed the properties in other ways and the owners took them back, having to spend thousands to make them saleable again. Now they've resorted to renting them again. Freezing EX is a great idea. I don't think I'll freese the other 2, unless TU "b" stops working, then I'll freeze that.
Chade,
TU won't investigate inquiries, period. Other content yes, inquiries no.
Vinnie1,
I don't see the humor in the story, but that's because I'm living the nightmare. Sometimes, the crafty deals you guys talk about on FW and do are way over my knowledge and comfort level. I know zip about investing and will never risk anything investing on someone else's business. I don't do BT's on a weekly or monthly basis because when my wife tries to do the financial reports, it's extremly complicated already what account was used for what type of purchase and then part of it BT'd to an account that has a balance from a different kind of purchase or BT. Mizing RE, propane sales, computer sales, building material sales, and dealership lending accounts, plus her counselling income, is an income tax nightmare already.
Sucks,
Thanks for answering that question.
General info,
USAA dropped my $26K CC limit to $1K due to high personal utilization and 2 old MBNA settled accounts reporting on my EX report. I hope that doesn't start a tideal wave of CLD's.
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