ColbyS said:Tom9999 said:I have Citi Business w/ TYN and Citi Business Premier Pass and neither shows on my report, except for the inquiries - which got combined into one since I applied the same day. Citi Professional DOES report.

Would it be advantageous (i.e. higher CL) with Citi Business if I pay down all my personal Citi cards?

The current offer is really sweet (0% till May 09) so I'm willing to lose the remaining 4-6 months on my (personal) 0% if it will benefit the business line. However, I'd hate to lose it if the benefit is negligible. Can anyone shed some light?Any time you remove debt from your personal cards and put it on the business side, you will help your FICO. Furthermore, I am almost positive that you can do a new BT with Citi at any point in the promo period with teh standard BT fee (sometimes $0, sometimes $50). Food for thought.

atobias said:I assumed they focus on no PG because they know they'll eventually default. Most people seeking biz credit there are doing so because they blew up their personal credit. The average CB'er goes through a cycle of seeking credit, destroying credit, cleaning up credit, and over again.

They've also screwed up processes for applying for biz credit and even credit reporting due to their reckless abandon and addict-like desire for credit lines. No thanks. I don't need to learn anything from them.

Now that's a mind with the door shut firmly.

Okay, this borders on the obvious, but you can check to see if an Experian Business report on you exists by searching here:

http://www.smartbusinessreports.com/?link=5002a&offercode=textfaq

As far as I can see, unless you are denied business credit based on the report or subscribe to their service to be able to regularly check the reports of others, it costs you $45 to see your own report. Must be no FCRA provision for a free annual report.

Likewise, D&B lets you search here:
http://smallbusiness.dnb.com/webapp/wcs/stores/servlet/SmbHome?storeId=10001

I had an Experian report but no D&B (so I don't know what purchase options pop up if you get a hit). I operate as a sole proprietor (consultant).

Cheers,

--VanceWade

Here's a snippet from the the payment section of my company's D&B file, but I have no idea what it means:

Paydex is at 80.

Below is an overview of the company's dollar-weighted payments, segmented by
its suppliers' primary industries:

                                   TOTAL     LARGEST    %       DAYS SLOW
                       TOTAL      DOLLAR       HIGH    W/IN
                       RCV'D      AMOUNTS     CREDIT  TERMS <31 31-60 61-90 91+
                       ----- -------------- ---------- ---- --- ----- ----- ---

                          #          $          $        %   %    %     %    %
Total in D&B's file        4            450        250
Payment By Industry:
 1 Insurance agent         3            350        250  100   -     -     -   -
 2 Executive office        1            100        100  100   -     -     -   -

Can anyone interpret this?

I see at least 2 recent threads about creating using multiple businesses to create multiple credit identities.

win333's AOR thread
Venturion's most recent A0R thread

This strategy could have tremendous profit potential. Do others in this forum have experiences to share?

althes said:D&B and Experian Biz is very important for any biz.
I have a US bank business card and I got it with no hard pull on personal because I had a paydex score on D&B and a EXP Biz score of 85.
It is very important also for securing BLOC. Banks want a well rounded business file.
I have received Home Depot Store Cards and Home Depot Bus MC with no pp.
I also received Keybank Biz MC and a couple Chase cards that asked for my TIN with no pp.
I have also been able to get increases on Biz cards due to having a strong D&B and ex biz file.

Bingo, but you won't learn this on creditboards. They think Fatwallet is a bunch of DumbA$$es ruining their credit with INQs.

There method will get the credit reports started, but it takes the Fatwallet app spree to make it work to it's fullest. I'd take Fatwallet anyday.

MikeR397 said:One thing I'll add (and I'll update my other business thread as well) is that it appears the companies are not being so generous with the 0 years in business/$0 revenue Sole Prop anymore. I'm only basing this on my roomates very recent experience of getting denied from all business cards so far (few pending) b/c "Unable to verify business." This is with 810 FICO and $200+ HHI.

This occured 6 months after I was able to get $100k plus for my mom with $0 revenue and 0 years in business with the same cards.. (see quick summary). Perhaps it is another credit crunch change.

For myself, I put 2 years in business with about $1k in eBay sales (which is accurate), and was able to get about $50k of business credit. I attribute my lower amount due to my short and limited individual credit history, which is why I strongly believe(d) that busienss credit is still heavily reliant on your personal credit reports, maybe more so than your business reports. This seems to maybe be changing now.

Good post lhendricks, I'll be watching when I can squeeze in some FWF time away from the studies.

When you have biz credit reports, then they believe you are a business!!! Thats the KEY, I've gotten about 150,000 in new biz credit in the last 3 months with high 600's scores. But now my credit is perfect and I don't get that UNABLE TO VERIFY BUSINESS message anymore.

I had 1 tradeline on EQ biz 2 months ago and now some of my old biz cards are reporting there! I have 13 tradelines reporting now, At some point I think you will not need a personal score if your business reports look good enough.

lhendricks92 said:Here's a snippet from the the payment section of my company's D&B file, but I have no idea what it means:

Paydex is at 80.

Below is an overview of the company's dollar-weighted payments, segmented by
its suppliers' primary industries:

                                   TOTAL     LARGEST    %       DAYS SLOW
                       TOTAL      DOLLAR       HIGH    W/IN
                       RCV'D      AMOUNTS     CREDIT  TERMS <31 31-60 61-90 91+
                       ----- -------------- ---------- ---- --- ----- ----- ---

                          #          $          $        %   %    %     %    %
Total in D&B's file        4            450        250
Payment By Industry:
 1 Insurance agent         3            350        250  100   -     -     -   -
 2 Executive office        1            100        100  100   -     -     -   -

Only you can really figure out who is reporting, it's a big freakin secret! But go and apply for a Dell biz account and see what happens. They may give you 25,000 just because you have tradelines.

Conoco didn't even ask REV or INCOME and gave me 4,000. Business credit goes by tradelines not as much as income.

win333 said:Only you can really figure out who is reporting, it's a big freakin secret! But go and apply for a Dell biz account and see what happens. They may give you 25,000 just because you have tradelines.

Conoco didn't even ask REV or INCOME and gave me 4,000. Business credit goes by tradelines not as much as income.

This is great info win333, but what is the point? How do you make profit from a $25K Dell credit line?

win333 said:Your not making profit from it, your using it to remove any doubt that you are a real business.

If you aren't making a profit, what is the point of getting the credit lines?