TyroneSchulace said: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)?

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.

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 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.

I don't think they will be reluctant - I just don't think we have much experience here. win333 is correct on that point.

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 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.

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.

The Staples application doesn't ask for the DUNS#. Do they only associate your business with the phone number?

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?

I didn't find many that did ask for it.

faizur said:What is "PG" any way?

Personal Guarantee