EugeneV said: win333, what you don't get is that your "contributions" are not just typically worthless but they actually decrease the quality of this forum. You rarely understand what other people are discussing and what you post rarely makes sense. You have enough energy and spare time to leave your mark on many interesting discussions. I am not the only one of this opinion.
Why don't you start your own threads and try to stick to them? Everyone will be happier.
And your opinion is worth what? Keep lickin your wounds and telling yourself how important you are.
EugeneV said: win333, what you don't get is that your "contributions" are not just typically worthless but they actually decrease the quality of this forum. You rarely understand what other people are discussing and what you post rarely makes sense. I got to disagree with you on this point - While alot of Win's posts are as gung-ho as others are cautious, both sides (the 'reckless' and the 'hyper-conservative') merit equal consideration. He especially is progressing down a road that could produce valuable info for all of us. My only real issue with Win has been his abrasive responses to those who do not share, and insistance that everyone buy into, his 'all-in' mentality. Filter out that static and he has alot to offer.
jevon90
Addicted Member
posted: Feb. 17, 2008 @ 2:20p
Glitch99 said: EugeneV said: win333, what you don't get is that your "contributions" are not just typically worthless but they actually decrease the quality of this forum. You rarely understand what other people are discussing and what you post rarely makes sense. I got to disagree with you on this point - While alot of Win's posts are as gung-ho as others are cautious, both sides (the 'reckless' and the 'hyper-conservative') merit equal consideration. He especially is progressing down a road that could produce valuable info for all of us. My only real issue with Win has been his abrasive responses to those who do not share, and insistance that everyone buy into, his 'all-in' mentality. Filter out that static and he has alot to offer. Agreed, he reminds me of any one of the leaders from Sid Meier's Alpha Centauri, when you play against them, for better for worse.
troyb
Member
posted: Feb. 17, 2008 @ 2:41p
MikeR397 said: Another aspect I've seen many people overlook with business credit:
Just b/c you have your Chase business credit hidden from your credit report (so you can still get a good BOA line) does NOT necessairly mean that you can get more Chase personal credit. While Chase can't see it on your credit report, they do know (I am pretty sure of this) about how much credit you have on the business side with them. I do know some issuers can't see your business credit when looking at personal, but it seems many can tell. I know Chase and Citi know how many total cards you've applied for regardless. Just another thing to be aware of.
Chase definitely knows how much business and personal credit they've assigned you. I recently applied for a 2nd business card when I already had a $25k line on 1 business card and $85k in personal credit from them. They were happy to close/reallocate but would not give me a penny more.
win333
Senior Member - 2K
posted: Feb. 17, 2008 @ 2:45p
Glitch99 said: EugeneV said: win333, what you don't get is that your "contributions" are not just typically worthless but they actually decrease the quality of this forum. You rarely understand what other people are discussing and what you post rarely makes sense. I got to disagree with you on this point - While alot of Win's posts are as gung-ho as others are cautious, both sides (the 'reckless' and the 'hyper-conservative') merit equal consideration. He especially is progressing down a road that could produce valuable info for all of us. My only real issue with Win has been his abrasive responses to those who do not share, and insistance that everyone buy into, his 'all-in' mentality. Filter out that static and he has alot to offer.
I'll admit I can come off as abrasive, but it's only after the fact and it is possible an inocent bystander could get in the way. But in this case Eugene is obviously not inocent.
That road I'm progressing down, seems to be nothing but an uphill battle. When I come across a FWFer who thinks I'm STEALING because my business is not registered with the state, just goes to show the stupidity that needs to be over come. Instead of asking how I can do that, people jump to THEIR conclusions that it's wrong. It's much easier to find a loophole than it is to broadly apply the law to every situation.
Now on the wreckless part, nothing I'm doing is wreckless. I'm actually playing very conservative, Dave mentioned it might look bad that my EXP is frozen but you can't unfreeze online or without a FEE. So if asked, I think I have that covered.
If we could just get back to business credit, that would be great!
I'm awaiting Venturions results, this will be the future of AORing!
Troyb
I've been told that by chase before, then have my next 3 apps approved. So just becareful to not give up just because they say you've hit you limit or so on. I think it's about finding the right division in chase at the right time or they need to fill a quota or something. Just need to apply at the right place at the right time.
You may want to try to move the personal to business and then apply for personal. Everyone know business can see both, but it seems personal can't see business the same.
win333
Senior Member - 2K
posted: Feb. 19, 2008 @ 2:31p
Instead of posting this multiple times, I'll just post this link.
This may not work everytime, but each time we figure out a way to get an approval using the credit report we want them to use, can only help our cause.
If anyone thinks I don't contribute, please don't follow the link.
I actually accounts (like grainger, uline, reliable, advanta, usbank, Staples, Office Depot, home depot store and mc, expo etc reporting to dnb, ex and eq biz)
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 - - - -
Can anyone interpret this? Only a few companies actually report to D&B. I know I don't. And I'm assuming your company had more than $450 in expenses last month. For instance, where are your credit card payments? It's actually a horrible metric, as are all biz reports IMHO, but it's at least something they can get their hands on. It basically says that you payed insurance 3 times, and never owed more than $250 at any time, and never payed late.
The folks at Advanta told me that Paydex is extremely heavily weighted on late payments. Even a 95% is bad, and ONE day late will ding your % column if that company happens to report.They also said that if you had 2 businesses at different addresses in D&B, you could have 2 Advantas.
I concur that BoA has separate buckets, even within the same company's profile. Weird.
I also concur that one's personal credit is the largest determiner for size of biz lines. The second would be the total amount of debt with the issuer, biz and personal, but that's an easy work-around.
I think the reason to have multiple entities is not to get more cards, but rather to be more reasonable in your apps, and get cards with higher limits. For instance, it is absolutety legit to segregate expenses. That's probably the whole reason biz cards exist. The same can be said for divisions within a company or separate types of expenses within a company, but the CL's with separate entities have been greater in my experience.
lhendricks92
Senior Member - 1K
posted: Feb. 21, 2008 @ 10:56a
YES, WE HAVE A WINNER!
TyroneSchulace, that was the single most informative post I've seen in this forum in many months.
DNB - I didn't even think about my company's health insurance payment - makes sense. What's the "Executive Office" line? Is there a cheat sheet for DNB entries somewhere?
Advanta - great info on the multiple address/business strategy.
TyroneSchulace said: I also concur that one's personal credit is the largest determiner for size of biz lines. The second would be the total amount of debt with the issuer, biz and personal, but that's an easy work-around.
An easy work-around because you create multiple businesses? I'm assuming this to be the case because of what you said here:
...the CL's with separate entities have been greater in my experience.
Can you expand on that thought? Have you gone through the Dell/Office Depot/Nebs, etc. creditboards dance to create credit for each new company?
win333
Senior Member - 2K
posted: Feb. 21, 2008 @ 1:13p
lhendricks92 said: YES, WE HAVE A WINNER!
Q]
Can you expand on that thought? Have you gone through the Dell/Office Depot/Nebs, etc. creditboards dance to create credit for each new company?
I don't understand your excitement, My thread is basicaly a Day by day of my credit journey. I don't see anything new here, maybe I'm missing something.
Or maybe you don't like *ME* as the Messenger? If someone doesn't pay attention to *ME*, it only hurts them, NOT *ME*!
lhendricks92
Senior Member - 1K
posted: Feb. 21, 2008 @ 3:13p
win333, i'd love to give you some luv - i just don't understand what you're saying most of the time.
i was initially impressed by your enthusiasm when you first started posting, but then you started attacking people whom i respect and have made me many, many dollars. so yes, i tend to discount what you say. that would be human nature.
let's say you already have excellent personal and business credit. if you can clearly and concisely show me how to create a new business and double my available business credit, i guarantee i would shower you with all the love you would so richly deserve.
win333
Senior Member - 2K
posted: Feb. 21, 2008 @ 4:00p
lhendricks92 said: win333, i'd love to give you some luv - i just don't understand what you're saying most of the time.
i was initially impressed by your enthusiasm when you first started posting, but then you started attacking people whom i respect and have made me many, many dollars. so yes, i tend to discount what you say. that would be human nature.
let's say you already have excellent personal and business credit. if you can clearly and concisely show me how to create a new business and double my available business credit, i guarantee i would shower you with all the love you would so richly deserve.
I'm not here for luv, Couldn't care less. Like I said, The reader is hurt not the messenger!
It's much harder to put a thread together blow by blow and have it look organized and neat. I think what your suggesting would be called *spoon feeding* here. Which I don't mind but most here (that you defend) do get upset when someone asks for that.
All you ever had to do was ask, just as MANY others have. I'm not trying to take away from the previous poster and I thank him for posting any information he has.
Even if you say, "you can't understand my posts" try reading them slower then, just in case I made a mistake. But on the outside chance that it's just new to you and thats why you don't understand. You should really spend the extra minute to try to understand what is being said. You blame my posting skills (I have seen my mistakes) but they do not make my writing impossible to understand. Only YOU are hurt!
You think if I jump someone (as you do also) that I'm not helping. Well I think dispelling the MYTH of widespread random A/A is the MOST important thing I can do!
If you think that last post was good, then you should do yourself a favor and explore some of mine but please, do it for YOU not for me. Cause I sleep the same either way.
Someone I helped actually called me a *pioneer* and another said *I've contributed more in 6 months than most will EVER*. A resonable person would ask, WHY would someone say that? Then maybe look into it and understand why, but instead you let your judgement be clouded by some internet relationship that you may have with someone, thats just not prudent!
When someone says, random acts of A/A are inevitable. I say Bull$HIT, when someone says "I'm stealing because my biz isn't Licensed", I say SCREW OFF. If you don't like that, well sorry for your luck, but try standing up for whats RIGHT and not for whats popular, you'll be better off in the long run.
Even people that I have Flamed or that have flamed me, have asked me for INFO and I have still helped as I would you. I'm not a monster, but I am very BLUNT and to the point and I sure have an opinion!
You said IF I have perfect business credit, Well since NOV 2007 with zero business reports I now have 3 business reports with 15 tradelines on EQ BIZ (I even posted how to get your EQ BIZ for free) 8 tradelines on Experian biz and 4 tradelines on DnB.
Those are for my SoleP alone and my LLC has been building also, but you'd need to take the time to figure all that out.
I've mentioned it before and i'll add a bit more to it:
Thank you Fatwallet and everyone who adds their experiences, but especially to: Dave Hansen (I don't have to agree 100%) SIS SCM
Which I feel those 3 have been the core of Fatwallet, but there are many other great posters who spend alot of time posting. Sorry I can't mention everyone.
Wow, what a compliment from one of the immortals...Thanks lhendricks92 said: 1.What's the "Executive Office" line? 2.Is there a cheat sheet for DNB entries somewhere? 3.An easy work-around because you create multiple businesses? ...the CL's with separate entities have been greater in my experience.4.Can you expand on that thought? 5. Have you gone through the Dell/Office Depot/Nebs, etc. creditboards dance to create credit for each new company? 1. I'm clueless. accountant? 2. Sorry,I'm clueless again. 3. No, I just have read that squeaky clean is the way to go (zero showing). I used about 100k from AOR1.0 to pay down an 8% note, so I have to leave some debt somewhere. I put a little in a HELOC, and the rest on one issuer, biz of course. Then I did a SLOW AOR. I figure if inquiries show up immediately, then it doesn't really matter what speed I go, as long as all apps have decisions before new accounts and balances start showing up. I applied for biz and personal to the clean issuers, BTed to the one, then applied to the one. Then BTed the personal stuff.
4. If I want 2 cards from one issuer, for me, the same biz will generate a 20-40k card and a 3-10k card. Separate will get me a 20-40k and a 10-30k. Is this true for others? I'd like to know the ratio of small CL/large CL.
5. I don't know what that dance is, but I guess I need to read about it. I'm not trying to get around PG. I use my SSN on every app. I thought a lot about this, and I want everything perfectly legit in case of default from major illness or whatever, so nobody can holler fraud. These entities spend real money and have real assets, and checking accounts, etc. So they show up at D&B all by themselves, get targeted offers, and free imprinted ball-point pen and fridge magnet samples.
win333
Senior Member - 2K
posted: Feb. 21, 2008 @ 4:24p
Nice pen huh? I got 1 too!
Could you explain #4, i'm not sure your point.
Thanks
lhendricks92
Senior Member - 1K
posted: Feb. 21, 2008 @ 4:24p
win333, that was a mouthful. quite the opposite of clear and concise. let me see if i can digest.
I've read your BRRRR thread and at least 95% of your posts. I don't know how many times I have to ask this: What does it matter how many tradelines I have reporting to DnB, Experian and EQ Biz? I'm getting big, fat, profitable lines for my business without applying for piddly $500 Office.Depot accounts. If you're telling me I could bigger, fatter, and more profitable lines by getting a $300 Shell gas card without a PG, I'm all over it. If you're telling me I can double my business credit by starting a second business, I'm all over that, too.
This thread is about strategy. I agree the details are important - but I don't see the vision for what you're doing. Please, please enlighten us.
TyroneSchulace said: Wow, what a compliment from one of the immortals...Thanks I'm quite mortal, I assure you.
3. No, I just have read that squeaky clean is the way to go (zero showing). I used about 100k from AOR1.0 to pay down an 8% note, so I have to leave some debt somewhere. I put a little in a HELOC, and the rest on one issuer, biz of course. Then I did a SLOW AOR. I figure if inquiries show up immediately, then it doesn't really matter what speed I go, as long as all apps have decisions before new accounts and balances start showing up. I applied for biz and personal to the clean issuers, BTed to the one, then applied to the one. Then BTed the personal stuff.
I like this strategy. A lot.
4. If I want 2 cards from one issuer, for me, the same biz will generate a 20-40k card and a 3-10k card. Separate will get me a 20-40k and a 10-30k. Is this true for others? I'd like to know the ratio of small CL/large CL.
Finally, a tangible example of creating more credit by using more businesses. Not quite double, but I'll take a 50-75% increase in my available biz credit.
5. I don't know what that dance is, but I guess I need to read about it. I'm not trying to get around PG. I use my SSN on every app. I thought a lot about this, and I want everything perfectly legit in case of default from major illness or whatever, so nobody can holler fraud. These entities spend real money and have real assets, and checking accounts, etc. So they show up at D&B all by themselves, get targeted offers, and free imprinted ball-point pen and fridge magnet samples.
I totally agree on the PG thing. I've suspected it's more a technique to get away from personal credit problems than to build business credit - at least for the size of businesses we're discussing. What are the structures (S-corp, sole prop, etc.) of your companies and how old are they?
win333 said: Nice pen huh? I got 1 too!Mine's bigger
#4. One issuer a)One biz------ one big line, one little line b)Two bizzes- one big line, one medium line
My question is, what are other people's experience with the value of the ratio of the small line with regards to the large line for (a) and (b)?
win333
Senior Member - 2K
posted: Feb. 21, 2008 @ 4:52p
lhendricks92 said: win333, that was a mouthful. quite the opposite of clear and concise. let me see if i can digest.
I've read your BRRRR thread and at least 95% of your posts. I don't know how many times I have to ask this: What does it matter how many tradelines I have reporting to DnB, Experian and EQ Biz? I'm getting big, fat, profitable lines for my business without applying for piddly $500 Office.Depot accounts. If you're telling me I could bigger, fatter, and more profitable lines by getting a $300 Shell gas card without a PG, I'm all over it. If you're telling me I can double my business credit by starting a second business, I'm all over that, too.
This thread is about strategy. I agree the details are important - but I don't see the vision for what you're doing. Please, please enlighten us.
How many bizes do you have, 1. Look at Venturion, I just got a U.S. bank biz card for each of my businesses on the same day. My real biz got 10,000 and my new LLC with limited credit got 15,000.
If you can have 2 businesses then you can have 100, WHAT is so hard to understand!
Supercreditman has 3 businesses with duplicate cards for each business, Venturion is starting now also and so am I. Supercreditman should have be evidence enough but you still ask for proof FROM ME! You know I just started the LLC thing and it takes time. So all you have to do is look at Supercreditman, the clues have been here for YEARS and noone cares to notice.
So yes I'm saying you can get a boat load of credit, but you won't believe me until (I) do it.
I was explaining this to a friend and I didn't realize WHY they didn't understand the importance. So I'll explain it to you.
For example: The number of tradelines on DnB is important because for over 100 years a companies size has be determined by the number of tradelines it has in it's files. WHY!!!
It is said that out of the 6,000 credit grantors only about 60 report to DnB, so since credit is a big secret. If you have 20 tradelines that would mean you might have 100 accounts that don't report (for example)....
A company that has 100 accounts must be big and not a fake entity. My Capital one APP didn't even ask for my companies revenue or income or even my own income. How can they extend credit, if they have no CLUE how much I earn!
I'm not even saying DnB is important, actually I think EQ BIZ is the main CRA. But after 5 years in business I didn't get a EQ BIZ file until I got my DnB#. So thats why DnB is important, they get the process started. Of course there are other way but I can make a business in 5 minutes thru DnB.
After I applied for U.S. Bank I only noticed 1 INQ. I thought maybe they used my 1 pull to give me 2 cards. But I just read on creditboards where someone else noticed no personal pull, because if they had pulled the persons credit they would have been denied with a score in the upper 500's.
So if you can't get the message from my writing, read supercreditmans *it's priceless* for anyone who is really listening.
lhendricks92} Not quite double, but I'll take a 50-75% increase in my available biz credit.
What are the structures (S-corp, sole prop, etc.) of your companies and how old are they?[/Q said: DEFINITELY not double. I think there's probably some total for a SSN; I just haven't found it yet.
Entities are S-corp for my chosen profession-18yrs, sole prop-4yrs side biz, and those year-old trust thingies to get the kids through school, keep prenuptual assets separate, & avoid probate. And don't forget the trust that manages all your day-to-day expenses This way you don't need a gazillion cards for one "widget company."
#4. One issuer a)One biz------ one big line, one little line b)Two bizzes- one big line, one medium line
My question is, what are other people's experience with the value of the ratio of the small line with regards to the large line for (a) and (b)?
As I stated in my last umpteen posts (sorry to keep saying it)
The only double apps i've done (llc is new) is for U.S. bank, 10,000 SoleP and 15,000 (2nd app)LLC (no personal pull I believe for the LLC, which is HUGE news to me).
I think your asking the right questions, I think maybe Venturion has the better method. 1 biz AOR then later another AOR for the 2nd biz.
I did try 2 cap1 apps but they rejected my 2nd app for my LLC because they only allow 1 app every 45 days.
You asked what are others experiences, WE are forging into new territory and the only people I've seen do this with more than 1 business is SuperCreditMan and Venturion and now me and YOU. Maybe there are more?
Unless you count creditboards, but they REFUSE to do the multiple application AOR game.
win333
Senior Member - 2K
posted: Feb. 21, 2008 @ 5:17p
TyroneSchulace said: lhendricks92} Not quite double, but I'll take a 50-75% increase in my available biz credit.
What are the structures (S-corp, sole prop, etc.) of your companies and how old are they?[/Q said: DEFINITELY not double. I think there's probably some total for a SSN; I just haven't found it yet.
Entities are S-corp for my chosen profession-18yrs, sole prop-4yrs side biz, and those year-old trust thingies to get the kids through school, keep prenuptual assets separate, & avoid probate. And don't forget the trust that manages all your day-to-day expenses This way you don't need a gazillion cards for one "widget company."
I like you
Please stick around and share some info on those *trust thingies*.
Gazillion cards for 1 widget company? Is there a better way? My gazillion are getting heavy
lhendricks92
Senior Member - 1K
posted: Feb. 22, 2008 @ 9:51a
TyroneSchulace said: #4. One issuer a)One biz------ one big line, one little line b)Two bizzes- one big line, one medium line
My question is, what are other people's experience with the value of the ratio of the small line with regards to the large line for (a) and (b)?
You may be a rare data point in this forum - I'm doubtful we'll see many posters rushing to share their multiple biz credit stories, but I hope I'm wrong. To speculatively answer your question, I bet it has a lot to do with the issuer. Discover, for example, didn't let me have a sole prop biz card because they questioned the amount of debt on my corporation's EQ biz report.
The other interesting case is the single biz, 2 owners sitution. My wife and I are the owners of our company. When we apply for biz credit, most issuers look at our lines independently. (The exceptions have been Advanta, who disallowed my wife's app because I already had a card, and the aforementioned Discover.) So, in effect, we've doubled our biz credit by having 2 owners with strong personal credit. Our results are one reason why I've assumed that biz credit is nothing more than an extension of personal credit.
However, if it's true that total biz credit can be expanded with multiple businesses, then we're back to your question, and we need more data and details about each issuer.
EugeneV
Ancient Member
posted: Feb. 22, 2008 @ 10:32a
I think that if the issuer checks business credit reports, then the second owner (with perfect personal credit) may not be able to get much... However, business debt is not reported uniformly (most report to EQ Biz though) and is slow to update, so you may yet get away with it. The question is, which issuers view your multi-owner business as one internally. Advanta certainly does. I am not sure of any others.
lhendricks92
Senior Member - 1K
posted: Feb. 22, 2008 @ 10:49a
EugeneV said: I think that if the issuer checks business credit reports, then the second owner (with perfect personal credit) may not be able to get much... However, business debt is not reported uniformly (most report to EQ Biz though) and is slow to update, so you may yet get away with it. The question is, which issuers view your multi-owner business as one internally. Advanta certainly does. I am not sure of any others.
My wife's biz lines with Citi, BofA, Elan, Chase, AMEX, and Juniper obtained in an A0R last August equaled or surpassed my biz lines obtained last June.
EDIT: And, as additional evidence these issuers view my wife's biz lines separately from my own, all of my lines were maxed out when my wife applied. So, even if they didn't see a current snapshot of my company's biz credit files, they should certainly should have been able to see my lines internally.
I think it's time to compile a list of issuers and 1) what reports they check, 2) where they report, and 3) how they treat the reports.
lhendricks92 said: I've assumed that biz credit is nothing more than an extension of personal credit.
However, if it's true that total biz credit can be expanded with multiple businesses, then we're back to your question, and we need more data and details about each issuer.I think it's going to take a while to find out if the total can be increased. I've only done multiple biz AOR once, so it may merely be a way of getting to the max quicker. In that case I'll be stuck with a reallocation problem.
Why do you think others will be reluctant to post?
lhendricks92
Senior Member - 1K
posted: Feb. 22, 2008 @ 12:00p
I don't think they will be reluctant - I just don't think we have much experience here. win333 is correct on that point.
lhendricks92 said: I just don't think we have much experience here.OK, maybe we can recruit some more guinea pigs like myself. TSaor2.0 was combined biz/pers, 13 apps, 13 cards, 480k BT at 0%, 89% ute.
win333
Senior Member - 2K
posted: Feb. 22, 2008 @ 1:31p
TyroneSchulace said: lhendricks92 said: I just don't think we have much experience here.OK, maybe we can recruit some more guinea pigs like myself. TSaor2.0 was combined biz/pers/trust, 13 apps, 13 cards, 480k BT at 0%, 89% ute.
WHAT? you can't hit and run like that!
Can you explain, Is that 13 apps each? All at the same time? If 13 apps each, were they the same apps? 480K for 13 would be amazing! 480K for 13X3 would still be good.
This trust thing could be interesting, I will need some trusts soon for my properties. Love to learn about the trusts.
lhendricks92
Senior Member - 1K
posted: Feb. 22, 2008 @ 1:52p
TyroneSchulace said: lhendricks92 said: I just don't think we have much experience here.OK, maybe we can recruit some more guinea pigs like myself. TSaor2.0 was combined biz/pers/trust, 13 apps, 13 cards, 480k BT at 0%, 89% ute.
TieYourOwnShoelace, you're going to have to break that down for us.
lhendricks92 said: TyroneSchulace said: lhendricks92 said: I just don't think we have much experience here.OK, maybe we can recruit some more guinea pigs like myself. TSaor2.0 was combined biz/pers, 13 apps, 13 cards, 480k BT at 0%, 89% ute.
TieYourOwnShoelace, you're going to have to break that down for us.
More details about my own adventures are here and here for Mrs. lhendricks92.I promise, but I'm already late for heading out of town. It was the usual issuers, 3 personal cards, and about 5 each s-corp/sole prop, and LOTS of reallocation from 1.0. The timing is mentioned earlier in this thread. But I really gotta go.
TheWalL
Senior Member
posted: Feb. 22, 2008 @ 2:42p
I came here looking for tips n tricks to get business reporting started if you have business cards. Nothing of that sort has been mentioned in here.
What do you have to do to get an EX biz file and a D&B file?
lhendricks92 said: TSaor2.0 was combined biz/pers, 13 apps, 13 cards, 480k BT at 0%, 89% ute.
TieYourOwnShoelace, you're going to have to break that down for us.
More details about my own adventures are here and here for Mrs. lhendricks92.Wow, yours were very organized and well-executed, especially the 6mo-micro. Nice. I should have been reading more the last 8 months. Kinda on autopilot...
Here's the scoop on T(YO)S aor2.0:
HHI 145k, scores 790ish, sole prop revenues all around 70-100k, s-corp at 300k, entity age listed previously, zero showing, 30k Heloc at 40% ut.
I didn't see any BoA uncapped biz deals so I left 70k biz balance there, and dealt with them later. I wanted large lines first, and I already had S-corp & S(ole)-prop cards at Chase & Citi, so I started there with entities #1 & 2 and personal, S-prop at Advanta & Discover, S corp at Cambridge Trust and Bank Atl., and AM3X pers.
Once those were approved, I BTed around some biz balances and applied for S-corp Chase(still clean) and pers BoA(newly clean). Then reallocated and finished. Results, in BT amounts, rounded to 1k (divide by .89 to get CLs):
Personal, with massive reallocation: BoA - 89k Chase - 46k AM3X in some city - 68k
Hybrid: Citi-Prof - 42k
S-prop: Advanta - 23k Discover - 42k, with consolidation from personal
S-corp: Cambridge Trust - 23k Bank Atl. - 19k Chase - 42k with almost 40k reallocation
other #1: Chase - 27k Citi - 28k
other #2: Chase - 13k Citi - 18k
If you need to know the exact card, PM me, but I'm scared they read these threads. All were capped or $0 fee, 12 or more months except AM3X and Cambridge.
Of note would be that all 3 Chase biz cards were the exact same card, as were the 2 Citi.
win333
Senior Member - 2K
posted: Feb. 23, 2008 @ 4:39p
Very interesting Tyrone, Thanks for the detail.
I need to let this sink in and really think of all the possibilities.
WOW! the same card even? Who would have thought?
moneymama
Shopaholic Member
posted: Feb. 23, 2008 @ 9:31p
The Staples application doesn't ask for the DUNS#. Do they only associate your business with the phone number?
EugeneV
Ancient Member
posted: Feb. 23, 2008 @ 9:42p
You can search D&B without a DUNS - including businesses that do not even have DUNS. Anyway, Staples CLI form does ask for DUNS number.
win333
Senior Member - 2K
posted: Feb. 23, 2008 @ 9:44p
moneymama said: The Staples application doesn't ask for the DUNS#. Do they only associate your business with the phone number?
I think that is the extent of their begining credit line (just phone #). They may search DnB for your Company name, thats easy to do. But you gotta think of it like you would for a 750 account. Would you Buy a Duns report to give a 750 credit line?
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