Does anyone know which cra Farm Bureau Bank checks in southern california for their business line of credit? thanx in advance
Cool, the reason i asked is because I've noticed that some banks pull different cras for Northern and Southern Califa. By the way, mephisto - if you have their biz line - how are they to deal with?
I got the loc about 3 weeks ago and haven't used it yet. I mostly applied for it to get more credit lines established in my companies name and in case I need quick cash to pay off a credit card mid-cycle. i.e. I charge about 18-20k each month on my Advanta Business Card which only has 12.5k limit. I hate to use it because I don't like paying finance charges - everything else I charge on credit/charge cards and pay in full - but I think I'll have to use it some so I can ask for a CL increase after 6 months.
Mark, FYI, I just made a discovery about them that I didn't care much for. Made my first payment on our biz account. It was several thousand $s. It posted Friday, cleared my bank Monday, yet FBB won't release the funds for use again for "up to 8 business days." No big deal on a first payment which WAS substantial. BUT... A CSR checked for me and indicated they consider a "large payment" to be anything over $500 and will probably continue to do this for the first 12 months the account is open. This seems a bit excessive to me. On the up side, we got $35K from them right off the bat, but I definitely prefer to be able to flip balances quickly if I want to. Also on the up side, their auto loan rates on their web site are great, especially for folks like me who don't finance vehicles for long terms anyway. DemPooches
Thanks, Dem, for the info They seem a bit anal, and i also need to flip balances within a short period - so I'm still undecided whether i'll apply. Dem - did they make you go through loops (providing financial docs and 2nd grade report card) or was it a quick approval?
Little fyi: applied today for the farm bureau business line they checked Experian - so it looks like that it's not TU for everybody - even within a certain state. unfortunately - i have the most inquiries on Experian - but my score is over 700 - i'll update if i get approved or not
Re: Re: Farm Bureau Bank They didn't ask for docs, although I've heard they've asked for them from others. We heard back from them in about 10 days. And BTW, they pulled EQ for us, so I guess they run the gamut. DemPooches
Re: Re: Farm Bureau Bank just called them - they're very nice on the phone - knid of like generations bank. she said it's still under review - they've got the Experian report - but that also check D&B (which is fine with me - last i checked we're okay there) but she did say if i was declined - it would have been immediate - by the Experian score i guess - so it looks like it's just a matter of how much and at what rate. I'll update. Aside from that - howzit goin Dem? I guess we're both waiting to see how the MBNA replacement for the Atlantic Coast Fed card is going to turn out....
Re: Re: Farm Bureau Bank I was looking for a bus bank that pulled TU too. I'm in So. Cal too. If they pulled EXP on you I'll wait a while. Got an offer to apply in the mail from Bank of Omaha. It already had my DNB number on the app. Anyone know about them?
Re: Re: Farm Bureau Bank BIG- Hate to disappoint - but if it's First Nat'l Bank of Omaha - and they pull Experian in SoCal The only biz card that has pulled TU for me exclusively has been Chase
