Business Credit, The Backdoor Appro

Discussion in 'Credit Talk' started by WestCap, Nov 25, 2001.

  1. 8004me

    8004me Well-Known Member

    Re: ExxonMobil Business Card

    And what company or lender is this from ?
     
  2. bigmon

    bigmon Well-Known Member

    Re: ExxonMobil Business Card

    Kev,

    Does that mean they will approve without a PG or that they will consider it without a PG?
     
  3. 8004me

    8004me Well-Known Member

    Re: ExxonMobil Business Card

    Oh I see the Mobil Fleet card is
    APPLICANT- Please read the following before completing this form: (1) This Application must be signed by a representative of the company authorized to enter into contractual agreements. (2) For corporations in business less than 3 years, and all partnerships and proprietorships, the Personal Guaranty section must be completed by owner, general partner, or authorized officer of the company. (3) PLEASE READ AND SIGN BELOW BEFORE SUBMITTING THIS APPLICATION.

    looks like they want a couple of trade refr

    Good info
     
  4. bigmon

    bigmon Well-Known Member

    Re: ExxonMobil Business Card

    The Mobil business card application states a PG is needed if the business is less then 6 months old.
    This is the one he was referring to.


    The Fleet card is different.
     
  5. KevPochop

    KevPochop Well-Known Member

    Re: ExxonMobil Business Card

    Don't quote me on this but I think ExxonMobil uses GECCC for their lending. They will approve withOUT a PG if you have six months of solid business banking and a couple trade references they can verify. I think you need to be a corp as well to do this without a PG.

    Right now I have my American Express Business Gold Card along with a Staples account. The Staples is without a PG and obviously American Express has a PG. I have had each card for two months now. I figure later this year I will apply for the ExxonMobil card.
     
  6. david1

    david1 Well-Known Member

    Re: Re: Re: Re: Re: Chase


    Did any body had bk in the all CRA reports and got the business cards also apprved with scores being 710 to 740. Will the US bank and farm bureau approve business cards for a new business corporation when there is a bk in the personal credit reports.

    thanks
     
  7. david1

    david1 Well-Known Member

    Re: Re: Re: Re: Re: Chase


    Did any body had bk in the all CRA reports and got the business cards also apprved with scores being 710 to 740. Will the US bank and farm bureau approve business cards for a new business corporation when there is a bk in the personal credit reports without the PG.

    thanks
     
  8. david1

    david1 Well-Known Member

    Re: Re: Re: Re: Re: Chase


    Did any body had bk in the all CRA reports and got the business cards also apprved with scores being 710 to 740. Will the US bank and farm bureau approve business cards for a new business corporation when there is a bk in the personal credit reports without the PG.

    thanks
     
  9. david1

    david1 Well-Known Member

    Re: Re: Re: Re: Re: Chase

    GM/CHASE needs pg.
    Farm Bureau requirement is business should be 3 years old atleast.
    US BANK wont issue to businesses in texas.

    capital one business card does not need pg, will pull personal REPORT but are they bk friendly without the annual fees?
     
  10. KevPochop

    KevPochop Well-Known Member

    D&B

    I wonder if having a business account with Fed Ex and/or UPS or even Airborne for that matter would help in reporting to D&B? They say you need 5 business tradelines to establish good business credit. Just a thought. :)
     
  11. bigmon

    bigmon Well-Known Member

    D&B

    Good idea Kev. I'm gonna call FedEx Monday and see if they report.

    I called DNB tech support one day and they gave me a better price on the Credit Builder than the customer service rep did. The tech claimed they can get better rates because they have internal competition.

    Unfortunately, I wasn't ready to sign up and didn't get the techs name. Has anyone else ran into this?
     
  12. KevPochop

    KevPochop Well-Known Member

    D&B

    I know it is difficult to get fed ex to issue an account whereas you will be invoiced but they will set you up with a business account whereas they bill to your credit card.
     
  13. KevPochop

    KevPochop Well-Known Member

    CompUSA Business Leasing

    I know CompUSA will approve business leasing for computer equipment and/or software for a corporation who has been in business for two years with a solid bank rating withOUT a PG.
     
  14. david1

    david1 Well-Known Member

    Re: D&B


    They said after 6 months you can setup to bill the invoice without charging to cc
     
  15. KevPochop

    KevPochop Well-Known Member

    Re: D&B

    An advantage to billing your Fed Ex account to your American Express Business Card is you will receive discounts on your shipments.
     
  16. KevPochop

    KevPochop Well-Known Member

  17. KevPochop

    KevPochop Well-Known Member

    Kinkos Business Credit Card

    Kinkos (www.kinkos.com) offers a commercial credit card. I spoke with new accounts this week and was informed as long as a company is one year old with a strong bank rating they will open the business account without a PG.
     
  18. KevPochop

    KevPochop Well-Known Member

  19. KevPochop

    KevPochop Well-Known Member

    CompUSA Business Lease

    CompUSA does Business Leases for their computer products. They will do a business lease for corporations in business for two years with a solid bank rating without a PG.
     
  20. bigmon

    bigmon Well-Known Member

    CompUSA Business Lease

    Kev,


    I tried Shell about 9 months a go and they said no because there wasn't enough history. The only thing I had at the time was Staples.

    My corp will be 2 years old in late June so that might help. Lowes told me I need 2 years before they'll do it. Keep in mind I don't have a Paydex score yet.

    I tried Exxon/Mobil last week. Waiting to hear.
     

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