18 replies to this topic

[Rodney]

Tried before Denied. Got paydex Saturday. Applied for Home Depot on Internet Asked for $2K APPROVED for $2K

Question???

Can i ask for a CLI when i activate?

[lovetolearn]

Tried before Denied. Got paydex Saturday. Applied for Home Depot on Internet Asked for $2K APPROVED for $2K

Question???

Can i ask for a CLI when i activate?

CONGRATS

[losartworks]

You probably could have gotten more with 5/80. I can see that getting you 3-5k with HD.

[cdninnyc]

Congrats.

Can you tell us what you told HD when they asked in the app how long you have been in business ? I have noticed that others, as well as myself, have required PGs for corps in biz <3 yrs.

[losartworks]

the PG request for 3 years is Very hit and miss. I've seen oodles of businesses here alone that were 3 months old get HD without a PG. I've done it with my first business as well. I think it may be in print and a few underwriters go by it, but would speculate many others do not.

Edited by losartworks, 21 May 2007 - 01:08 PM.

[savagebasher]

Weird.. I h 80 have paydex and 70 EXP and they denied me for insufficient credit.

[losartworks]

keep plugging away. a different underwriter may well give it to you. call again with the ref number and see if another underwriter sees things different. make sure your requesting a reasonable amount. you can always CLI easy afterwards/

[cdninnyc]

keep plugging away. a different underwriter may well give it to you. call again with the ref number and see if another underwriter sees things different. make sure your requesting a reasonable amount. you can always CLI easy afterwards/

I know, I just hit the luck of the draw. I said no when they said I needed one, called back to recon, and sure enough the exact same rep answered the phone (and this was a day later at another time). So either I was super unlucky or there aren't a ton of citi reps working the HD desk.

Any which way, I did PG, got a much higher line that way thinking it would affect my future lines (amazon, sams whatever). Getting it to report though is something I am kind of fearing given my reporting issues this year so far.

[losartworks]

Reporting lags are happening to some this year. my #2 biz is taking it's sweet time having things report. Fortunately business is not hinging on any heavy credit needs so it's not a huge issue. Would like to at least get Paydex to run the aged file by a couple places for auto financing.

[Crestmat]

Tried before Denied. Got paydex Saturday. Applied for Home Depot on Internet Asked for $2K APPROVED for $2K

Question???

Can i ask for a CLI when i activate?

[Crestmat]

I've been watching this line, and thank you. I've been in business 18 years, but only incorporated 9 months. I have many of the same creditors two of you have been talking about, (and am keeping track of my making good payments) - bbut I can't seem to get them to report fully to DNB or Equifax. It's like there's a 5 month delay in reporting my transactions. Any thoughts on whether it's worth paying the money to buy the "suites" both these companies offer to have them investigate and add your credit experiences? Or just be patient? It's expensive just to have them speed up reporting . . . anyone have experience with these services sold by BNB and Experian to "update" or "add" credit experiences to your file? THX!

[Lorentsen]

the PG request for 3 years is Very hit and miss. I've seen oodles of businesses here alone that were 3 months old get HD without a PG. I've done it with my first business as well. I think it may be in print and a few underwriters go by it, but would speculate many others do not.

PG is a * guideline*, one that is used for most business.

However credit history, company finances and other factors can overcome that handicap.

[Lorentsen]

the PG request for 3 years is Very hit and miss. I've seen oodles of businesses here alone that were 3 months old get HD without a PG. I've done it with my first business as well. I think it may be in print and a few underwriters go by it, but would speculate many others do not.

P,G is a * guideline* one that is used for most business.

However credit history, company finances and other factors can overcome that handicap.

*PG for business under a certain age is a guideline.

[Brndnh721]

HD is big on years in business with some credit as is the case with then OP, some have gotten it with less time in business and a lot of good trades.

[1 more x]

Hello Everbody, I am new to this forum. And hope i post in the right place.

Here is my issue / question.

Would it be ok to Pg for a Home Depot account ? Use this account for a short period of time say 3 months, Close the account off on the 4th month, And reapply for a Home Depot account only this time without a pg. The reason i ask this is because im about to speend 5k at Home Depot. (remodel one of my homes)


A little history about me: In bus. for 2 years Inc. 01/01/2012 started building bus. credit 01/01/2012

D&B = 10 AVG = $4650

EX = 2 AVG = $ ??

EX = 1 AVG = $ ??

[Lorentsen]

Why would you close the account? Unnecessary.

After you've had the account for a while and have shown you can make timely small/large purchases, ask them to convert it to a non-pg account.

Would it be ok to Pg for a Home Depot account ? Use this account for a short period of time say 3 months, Close the account off on the 4th month, And reapply for a Home Depot account only this time without a pg. The reason i ask this is because im about to speend 5k at Home Depot. (remodel one of my homes)

Edited by Lorentsen, 21 May 2012 - 11:39 AM.

[1 more x]

Why would you close the account? Unnecessary.

After you've had the account for a while and have shown you can make timely small/large purchases, ask them to convert it to a non-pg account.

Would it be ok to Pg for a Home Depot account ? Use this account for a short period of time say 3 months, Close the account off on the 4th month, And reapply for a Home Depot account only this time without a pg. The reason i ask this is because im about to speend 5k at Home Depot. (remodel one of my homes)

[1 more x]

I was not aware of that option. Thats what ill do. Thank you.

[Brndnh721]

Closing it would actually hur your chances of getting approved again.