I was approved for Sears Today, $2000 limit requested $5000 but thats fine for now. They would increase if I allowed a personal pull and good credit
Got some useful info alot of which most of us already know but I will share any way
-Cards are either Net 30 or 60 depending on credit
-They usually only pull D&B but may also pull other two if they need more info
- All Citi backed cards like to see a PG no matter how good biz credit is but isn't required but improves your chances of getting approved and they may not pull if biz credit is good enough
- As we all know dont use scores given by CRA's, they create there own
- Industry code and location play large roll in approvals or denials. Meaning a Snow plow business in Florida will be higher risk then one in Massachusetts. If they pull multi reports and they have different codes they use the higher risk one
- Time in business goes hand in hand with industry code, so some business may get approved with only months in business and others may need years depends on the risk for that industry in your area.
This came from a credit supervisor who has worked for Citi for a long time and was very nice to talk to as we went back and fourth for a couple minutes and she mentioned if you ever get denied call up and find out why sometimes its as simple as a wrong number in a address or phone number or just missing info.
Hopefully this helps a little
Sears Approved!
Started by
Brndnh721
, Mar 26 2010 07:27 PM
45 replies to this topic
#1
Posted 26 March 2010 - 07:27 PM
#2
Posted 27 March 2010 - 08:27 PM
Thank you for the info. The more info we have the better to understand how credit is granted to some and not others. 
#3
Posted 31 March 2010 - 01:56 PM
not sure where u get your info from-Cards are either Net 30 or 60 depending on credit
but the Sears Commercial One card is a revolving account
i just got approved for one with one of my corps for $2500
They usually give you for the highest tradeline thats on your credit file
#4
Posted 31 March 2010 - 02:29 PM
not sure where u get your info from-Cards are either Net 30 or 60 depending on credit
but the Sears Commercial One card is a revolving account
i just got approved for one with one of my corps for $2500
They usually give you for the highest tradeline thats on your credit file
well im not sure where you got your info...i was approved for a 5500 sears card about a month ago and my highest CL on DNB was 750 at that time and sears accounts are 30 or 60 day but they say they are revolving.
#5
Posted 31 March 2010 - 03:17 PM
not sure where u get your info from-Cards are either Net 30 or 60 depending on credit
but the Sears Commercial One card is a revolving account
i just got approved for one with one of my corps for $2500
They usually give you for the highest tradeline thats on your credit file
well im not sure where you got your info...i was approved for a 5500 sears card about a month ago and my highest CL on DNB was 750 at that time and sears accounts are 30 or 60 day but they say they are revolving.
did you guys fill out the paper application and fax it in??
#6
Posted 31 March 2010 - 03:27 PM
yes had an answer in a day or so..not sure where u get your info from-Cards are either Net 30 or 60 depending on credit
but the Sears Commercial One card is a revolving account
i just got approved for one with one of my corps for $2500
They usually give you for the highest tradeline thats on your credit file
well im not sure where you got your info...i was approved for a 5500 sears card about a month ago and my highest CL on DNB was 750 at that time and sears accounts are 30 or 60 day but they say they are revolving.
did you guys fill out the paper application and fax it in??
#7
Posted 31 March 2010 - 03:33 PM
yes had an answer in a day or so..not sure where u get your info from-Cards are either Net 30 or 60 depending on credit
but the Sears Commercial One card is a revolving account
i just got approved for one with one of my corps for $2500
They usually give you for the highest tradeline thats on your credit file
well im not sure where you got your info...i was approved for a 5500 sears card about a month ago and my highest CL on DNB was 750 at that time and sears accounts are 30 or 60 day but they say they are revolving.
did you guys fill out the paper application and fax it in??
thanks , how much did you request? and what did you put for your start date?
Also, did you include 4 trade references? Who did you put as trade references? Can you put other accounts such as gas cards? or Office depot??
#8
Posted 31 March 2010 - 04:40 PM
Put down your date of incorporation, as Sears checks. For trade references, you can pretty much put down random vendors. I put my office supply store, the place I get my ink, newegg, and some other place. Sears didn't check.
FYI
SEARS IS NOT REVOLVING
CSRs will say it is revolving, but it is net 30/60.
FYI
SEARS IS NOT REVOLVING
CSRs will say it is revolving, but it is net 30/60.
#9
Posted 31 March 2010 - 04:49 PM
Put down your date of incorporation, as Sears checks. For trade references, you can pretty much put down random vendors. I put my office supply store, the place I get my ink, newegg, and some other place. Sears didn't check.
FYI
SEARS IS NOT REVOLVING
CSRs will say it is revolving, but it is net 30/60.
I really wanna pull the trigger on this one, however, I'm worried my inc date 10/2008 will make them ask for a PG.
I have 10 payments rcd on D&B, 7 TLs , 2 cash experiences 750 High Trade , and $2400 combined.
EX is 56 3 Tl's high of $14000
#10
Posted 31 March 2010 - 04:50 PM
I would go for it, if they ask for a PG just reapply in 3 months. Good luck 
#11
Posted 31 March 2010 - 05:31 PM
I would go for it, if they ask for a PG just reapply in 3 months. Good luck
true. Thanks, how much should I request do you think?
#12
Posted 31 March 2010 - 07:52 PM
I don't think it matters, they approve you for what they feel like approving. $1000 or $1000000I would go for it, if they ask for a PG just reapply in 3 months. Good luck
true. Thanks, how much should I request do you think?
My file wasn't that much different than yours, except for age, and they approved me for $6k.
#13
Posted 31 March 2010 - 08:07 PM
Its def. net 30 or 60 ,it doesn't go by your highest trade. They look strongly at industry. She knew what she was talking about she didn't skip a beat answering the questions
I just left the trades blank since they ask for your D&b any way
I just left the trades blank since they ask for your D&b any way
#14
Posted 19 April 2010 - 11:08 PM
do i have to put my SS on the app? or only my tax id?
#15
Posted 19 April 2010 - 11:34 PM
Put your EIN in the EIN field, and leave the SSN field bank.do i have to put my SS on the app? or only my tax id?
#16
Posted 20 April 2010 - 08:57 AM
I just applied for Sears Commercial One Card.
I will let you know what the outcome is going to be.
I will let you know what the outcome is going to be.
#17
Posted 20 April 2010 - 09:01 PM
I too applied for Sears Commercial One today.
I will let everyone know the outcome. Should I call them to see if approved or should I just wait?
Your thoughts are welcomed!!
I will let everyone know the outcome. Should I call them to see if approved or should I just wait?
Your thoughts are welcomed!!
#18
Posted 20 April 2010 - 09:54 PM
Give ir 3-5 days before calling. Good luck!!!!I too applied for Sears Commercial One today.
I will let everyone know the outcome. Should I call them to see if approved or should I just wait?
Your thoughts are welcomed!!
#19
Posted 21 April 2010 - 03:31 AM
Give ir 3-5 days before calling. Good luck!!!!I too applied for Sears Commercial One today.
I will let everyone know the outcome. Should I call them to see if approved or should I just wait?
Your thoughts are welcomed!!
Thanks Wolf
#20
Posted 21 April 2010 - 12:18 PM
I just called Sears.
The rep asked questions to verify the company information.
End result: $5000 credit approved.
Card will come to me within 7 to 10 business days.
Am I happy?
Yes!
The rep asked questions to verify the company information.
End result: $5000 credit approved.
Card will come to me within 7 to 10 business days.
Am I happy?
Yes!
#21
Posted 21 April 2010 - 02:34 PM
Whats your biz file look like?
#22
Posted 21 April 2010 - 04:16 PM
My DNB info:
Company started 2008
Rating 2R3
Paydex 80
The highest "Now Owes" on file is $100
The highest "Past Due" on file is $ 0
My Experian is a nightmare.
There is another company with the same name. The only difference my company name has "USA" and the other company doesn't. They were established like 10 years ago, and they have 2-3 collections and judgments. Somehow Experian mixed up their information with my company and my company's exp file is very bad. I've been trying to fix it, but exp doesn't want to understand.
So, my exp is around 30s.
Company started 2008
Rating 2R3
Paydex 80
The highest "Now Owes" on file is $100
The highest "Past Due" on file is $ 0
My Experian is a nightmare.
There is another company with the same name. The only difference my company name has "USA" and the other company doesn't. They were established like 10 years ago, and they have 2-3 collections and judgments. Somehow Experian mixed up their information with my company and my company's exp file is very bad. I've been trying to fix it, but exp doesn't want to understand.
So, my exp is around 30s.
#23
Posted 21 April 2010 - 04:24 PM
My DNB info:
Company started 2008
Rating 2R3
Paydex 80
The highest "Now Owes" on file is $100
The highest "Past Due" on file is $ 0
My Experian is a nightmare.
There is another company with the same name. The only difference my company name has "USA" and the other company doesn't. They were established like 10 years ago, and they have 2-3 collections and judgments. Somehow Experian mixed up their information with my company and my company's exp file is very bad. I've been trying to fix it, but exp doesn't want to understand.
So, my exp is around 30s.
Did you PG? If not you probably have something reporting on Equifax.
#24
Posted 21 April 2010 - 04:27 PM
For Sears, I didn't pg.
Equifax? Maybe, but I never checked my equifax.
How do I check equifax?
Equifax? Maybe, but I never checked my equifax.
How do I check equifax?
#25
Posted 22 April 2010 - 03:06 PM
Has it been said if they actually pull personal? And do they report to any of the business credit reports?
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