Apr
14


I know I’m going to get a lot of flack for this. So here goes. High interest rates are given to people with bad credit or no credit. Or not enough credit. I understand the risk with bad credit. Why such high rates with the no credit or not enough credit? The banks shouldn’t be surprised if some of these accounts result in default. People get into trouble when their interest rate is so high. Then they lose their cars and their houses. Doesn’t it make more sense to give these people a lower interest rate to begin with? I realize it is a business and not a charity. If they are going to default. It doesn’t matter what the interest rate is. A low interest rate is better than losing any profits from a repossession or foreclosure.

Apr
10


I am travelling internationally so I will want to pay attention to fees for international transactions.

I figure there is some card that is running a compelling promotion/bonus for signing up so I should look into a new rewards card for this business travel. I would need to apply for this card in the next few days so I receive it before I leave (April 23rd).

I have excellent credit and I already have Blue Cash by Amex, Points through Capital One, and Nordstrom Platinum Rewards. I just started a new reward year for Amex so I haven’t spent the $6500 that is required to tier up to 1/5% rewards yet. The limits on the Capital One and Nordstrom are too low right now but I could call and have them raised if I don’t go with a new card.

I want rewards for dining, and hotels mainly. I anticipate spending around $7K on hotels and $2500 on dining between now and July related to travel for business. Work is purchasing the flights directly.

Apr
2


is there a card that doesn’t require a personal guarantee. I have excellent business credit with high credit trade lines totaling over 45k and 4 years in business.

Mar
24


I have an aunt with an inability to handle money. My credit was excellent (score around 760). My aunt’s husband had a business he ran out of their home and their computer died, so they needed a new one. They asked me to finance one for them and they would make the payments. Against my better judgment, I did it. That was November 2004. Earlier this year I got a call asking why my payment was late. I called my aunt and she insisted it wouldn’t happen again. Then just recently, I found out they were FOUR payments behind, the balance was 3 dollars and some change less than the original balance was two years earlier, her last check of $25 bounced, and the account was closed and sent to collections. My credit has dropped over 100 points and gone from excellent to fair. I have transferred the balance to one of my own credit cards and am handling it myself, and hopefully my aunt will pay me. Is there anything I can do to get my excellent credit back?

wikipedia about business
Dec
5
shamieya asked:


I’m not talking about maxing them out, but using them instead of personal credit cards, say, if the business closed. The business cards don’t show on the personal credit report.

A business that you personally owned as a sole prop; not a corporation or another company you work for.
After looking at several sites, it appears it coulbe be construed as fraud, but for sole props, there is really no way to prove it. The credit companies don’t police it and don’t care as long as payments are made.

Nov
28
StEpHaNiE asked:


my credit is OKAY. i havent been establishing it for very long. i work for my dad and he put a home depot, lowes, and a citicard in my name to use for business purposes. he has EXCELLENT credit so will this help mine?
he makes all the payments on time every month. i only have it in case im out ot pick up some products.

Nov
17
Bob w asked:


I have excellent credit but am trying to establish business line of credit to fuel my RE investment business. Attended a brief seminar on the subject last night but not willing to pay $1,000 for the package that goes into detail. Can anyone point me to a website where I can learn the step-by-step details of how to develop unsecured lines of credit for my Sub S corporation?

Sep
1
April D asked:


I am going to start an online business that requires me to bascially pay someone to maintain and run a website. The site will be ad supported, but I need a small business loan to get it up and running. Does my credit have to be excellent? If I come up with an in-depth plan, will they approve me for a smaller one of like….$15,000?

huge money
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