Approved for revolving Shell

[stroked89coupe]

Finially found another revolving card. Thanks to Disnug. Applied over the phone for the citi shell revolving fleet account (The plus account is a net 30)and got approved for 3000.00 . Did not meet min qualifications just like on many apps. Say you meet the min qualifications and if you have a decent file you will get approved. If you say you dont you will get stopped right there. They know when you incorporated anyway when they check with the sos. My business like most peoples started before the inc date anyway

[BRBiz]

If your going to fudge the facts make sure your fudging them all the time the same way or it will catch up to you later. DNB is really keeping track of things like this and doing more to weed out companies that aren't really in business for business purposes.

[stroked89coupe]

I have had a legit business for almost two years now non-legit for about two and a half years. I have been approved for accounts many times when the min qualifications were 2 years in business even though that was not the case and reflected correct info on my application.

 

 

When you send in an application, There going to run it with whatever you put down. even if you don't meet qualifications (At least they always have for me) but when your on the phone I think it would be a different story.

 

 

 

How do you think dnb tracks this kind of stuff when a company has no financials on file with them.

 

 

 

 

 

 

[BRBiz]

I have had a legit business for almost two years now non-legit for about two and a half years. I have been approved for accounts many times when the min qualifications were 2 years in business even though that was not the case and reflected correct info on my application.

 

 

When you send in an application, There going to run it with whatever you put down. even if you don't meet qualifications (At least they always have for me) but when your on the phone I think it would be a different story.

 

 

 

How do you think dnb tracks this kind of stuff when a company has no financials on file with them.

 

They track it when they receive info from companies pulling your credit just like in your personal files. Do you think they just take your word for it? They don't need you to submitt any paper work to get info and investigate your business.. I have no problem with any of the credit reporting agencies tracking info and investigating businesses.

If you don't have a real business or you don't bring in any money then you shouldn't be approved for any credit, it hurts all the real businesses that really need the credit.

[stroked89coupe]

I have had a legit business for almost two years now non-legit for about two and a half years. I have been approved for accounts many times when the min qualifications were 2 years in business even though that was not the case and reflected correct info on my application.

 

 

When you send in an application, There going to run it with whatever you put down. even if you don't meet qualifications (At least they always have for me) but when your on the phone I think it would be a different story.

 

 

 

How do you think dnb tracks this kind of stuff when a company has no financials on file with them.

 

They track it when they receive info from companies pulling your credit just like in your personal files.

 

The only way cra's (To my knowledge) get info from creditors is when they report your trade lines. Otherwise when an inquiry occurs the creditor is getting info from the CRA. at least I thought that is how it worked? So your saying when a creditor pulls a request from dnb for your company then the creditor basicly gives dnb a copy of your credit application and dnb records it and tracks things like income? Wow.....

 

Do you think they just take your word for it?

 

They have so far. Either that or they just don't care that we don't meet the minum qualifications (yrs in bus/income). How often are people verified income wise by consumer credit (Credit cards)? I nor anyone I personally know has. Don't get me wrong I know it happens. But usually these creditors do take your word for income. In my experience with personal and business.

 

They don't need you to submitt any paper work to get info and investigate your business.. I have no problem with any of the credit reporting agencies tracking info and investigating businesses.

If you don't have a real business or you don't bring in any money then you shouldn't be approved for any credit, it hurts all the real businesses that really need the credit.

 

 

 

I'm not trying to pick apart your post. Just trying to learn something I have never heard of before.

[disnugaswagg]

If your going to fudge the facts make sure your fudging them all the time the same way or it will catch up to you later. DNB is really keeping track of things like this and doing more to weed out companies that aren't really in business for business purposes.

 

Wow, did I miss something? Its a really cut-throat and unfair statement to assume that someone's company is not legit by their posts on CB. I am aware that people do try to manipulate the process for self gain; however, what gives you the right to state if someone is legit or not? I mean, you have many people (past, present, and I'm sure in the future) that will take these steps to build their business credit so that they can be approved for LOCs to increase inventory, profitability, or etc. So, its really harsh for you to attack those that are trying to grow their businesses from the start-up. Most importantly, let's not forget that many successful companies have gone through start-up stages; so what makes many of these posters any different from them?

 

I am so surprised of your statement Brndnh721. Are you working for DnB? What made you attack Stoke so harshly? What gave you the idea that he was "fudging" numbers? Most importantly, CB is not a community that is made up of members that attack one another; we strive to help one another.

[disnugaswagg]

By the way stroke, congrats on the approval.

[stroked89coupe]

Thanks!

[luvmobug]

CONGRATS STROKE....your hard work pays off again

[stroked89coupe]

Thanks

[RepoMan31]

Stroked how did you apply for the shell card? Did you fill out the application for the fleet card or the fleet card plus? which one is actually the revolving card? If you filled out the app and faxed it in what did you put in the annual sales box? Please advise. Thanks, Frankie

[stroked89coupe]

I did mine on the phone. They asked specifically about the minum qualifications which were sales and length of time in business. Just say you meet the minum qualifications to proceed. She actually asked if I met the minum qualifications then asked specifically about last years sales and wanted a dollar amount. The regular fleet card is the revolving and the fleet plus is the net 30.

[RepoMan31]

If she asked you about that did you state a dollar amount or what please explain because I really want this card if at all possible. Thanks, Frankie

[dwhit316]

If she asked you about that did you state a dollar amount or what please explain because I really want this card if at all possible. Thanks, Frankie

 

When should we begin applying for revolving? I have 4 net 30's, just applied for WEX.

[BRBiz]

If your going to fudge the facts make sure your fudging them all the time the same way or it will catch up to you later. DNB is really keeping track of things like this and doing more to weed out companies that aren't really in business for business purposes.

 

Wow, did I miss something? Its a really cut-throat and unfair statement to assume that someone's company is not legit by their posts on CB. I am aware that people do try to manipulate the process for self gain; however, what gives you the right to state if someone is legit or not? I mean, you have many people (past, present, and I'm sure in the future) that will take these steps to build their business credit so that they can be approved for LOCs to increase inventory, profitability, or etc. So, its really harsh for you to attack those that are trying to grow their businesses from the start-up. Most importantly, let's not forget that many successful companies have gone through start-up stages; so what makes many of these posters any different from them?

 

I am so surprised of your statement Brndnh721. Are you working for DnB? What made you attack Stoke so harshly? What gave you the idea that he was "fudging" numbers? Most importantly, CB is not a community that is made up of members that attack one another; we strive to help one another.

 

Really guy!! I never said him! Just a general statement for any one fudging info to get approvals and I was bascially giving advice to atleast stick with the same info and not change it up... Buddy look at how many post I have and how long I have been on here, I have given and received a lot of good info and know business credit pretty well.. And a FYI their are a bunch of people with companies just for the purpose of obtaining business credit and I can spot them a mile away with the questions they ask.

 

What creditors need to start doing is verifying the business has cash flow on top of the other checks they do and this will weed out a lot of the fraud and only help legit businesses..

[BRBiz]

I have had a legit business for almost two years now non-legit for about two and a half years. I have been approved for accounts many times when the min qualifications were 2 years in business even though that was not the case and reflected correct info on my application.

 

 

When you send in an application, There going to run it with whatever you put down. even if you don't meet qualifications (At least they always have for me) but when your on the phone I think it would be a different story.

 

 

 

How do you think dnb tracks this kind of stuff when a company has no financials on file with them.

 

They track it when they receive info from companies pulling your credit just like in your personal files.

 

The only way cra's (To my knowledge) get info from creditors is when they report your trade lines. Otherwise when an inquiry occurs the creditor is getting info from the CRA. at least I thought that is how it worked? So your saying when a creditor pulls a request from dnb for your company then the creditor basicly gives dnb a copy of your credit application and dnb records it and tracks things like income? Wow.....

 

Do you think they just take your word for it?

 

They have so far. Either that or they just don't care that we don't meet the minum qualifications (yrs in bus/income). How often are people verified income wise by consumer credit (Credit cards)? I nor anyone I personally know has. Don't get me wrong I know it happens. But usually these creditors do take your word for income. In my experience with personal and business.

 

They don't need you to submitt any paper work to get info and investigate your business.. I have no problem with any of the credit reporting agencies tracking info and investigating businesses.

If you don't have a real business or you don't bring in any money then you shouldn't be approved for any credit, it hurts all the real businesses that really need the credit.

 

 

 

I'm not trying to pick apart your post. Just trying to learn something I have never heard of before.

 

 

Yes they share info with each other all the time.. They can figure roughly what a company like yours takes in by industry and employee count, so if your saying you bring in $5 mill and your doing consulting work by yourself that is a little hard to believe right?.. But yes for the most they will take your word for it when your dealing with small lines of credit and again if basic info just doesn't make sense you will get declined.

 

As I have said over and over again their is no exact way to figure out who will get approved for what, based on certain things. You can come up with rough idea but small differences between every company can make a big difference in weather or not you will get approved.

[SeekingWealth]

Finially found another revolving card. Thanks to Disnug. Applied over the phone for the citi shell revolving fleet account (The plus account is a net 30)and got approved for 3000.00 . Did not meet min qualifications just like on many apps. Say you meet the min qualifications and if you have a decent file you will get approved. If you say you dont you will get stopped right there. They know when you incorporated anyway when they check with the sos. My business like most peoples started before the inc date anyway

 

You are openly admitting to doing bank fraud, you are not thinking things out very clearly. You know banks have trolls that read these boards don't you? Lying on a bank application for credit is pure fraud and could lead you to a lot of trouble.

Edited May 31, 2012 by SeekingWealth

[disnugaswagg]

I am sorry, how are you determining that they have committed bank fraud? The incorporation date and the start of business date is totally different. As mentioned in the post, there are many small businesses that incorporate after the start date of rendering services or products to the general public. So it would be safe/right to provide the inc date and start date of business if asked during the underwriting process. When I applied for several accounts, I was asked the start of business date and the actual inc date, so I know for sure that by providing that information would not or could not be comprehended as fraud.

 

I must agree, lying on an application for business credit or personal credit is a serious issue and can lead to a NIGHTMARE. However, I am confused on how you have determined that OP has committed fraud.

[BRBiz]

Any time you lie or fudge the facts to gain something that is considered fraud.

[SeekingWealth]

I am sorry, how are you determining that they have committed bank fraud? The incorporation date and the start of business date is totally different. As mentioned in the post, there are many small businesses that incorporate after the start date of rendering services or products to the general public. So it would be safe/right to provide the inc date and start date of business if asked during the underwriting process. When I applied for several accounts, I was asked the start of business date and the actual inc date, so I know for sure that by providing that information would not or could not be comprehended as fraud.

 

I must agree, lying on an application for business credit or personal credit is a serious issue and can lead to a NIGHTMARE. However, I am confused on how you have determined that OP has committed fraud.

 

Part of a quote from the 1st post, ". Did not meet min qualifications just like on many apps. Say you meet the min qualifications and if you have a decent file you will get approved. If you say you dont you will get stopped right there. They know when you incorporated anyway when they check with the sos. My business like most peoples started before the inc date anyway ".

 

If you can not figure it out after reading that I am unable to help you.

 

You know business credit is really hard to get nowadays and posts like this is going to close everything soon.

 

Lucky for me I got all my business credit years ago, but the newcomers are having a hard time.

[stroked89coupe]

Finially found another revolving card. Thanks to Disnug. Applied over the phone for the citi shell revolving fleet account (The plus account is a net 30)and got approved for 3000.00 . Did not meet min qualifications just like on many apps. Say you meet the min qualifications and if you have a decent file you will get approved. If you say you dont you will get stopped right there. They know when you incorporated anyway when they check with the sos. My business like most peoples started before the inc date anyway

 

You are openly admitting to doing bank fraud, you are not thinking things out very clearly. You know banks have trolls that read these boards don't you? Lying on a bank application for credit is pure fraud and could lead you to a lot of trouble.

 

 

Fraud? or misinterpretation?

 

 

 

Who is more at fault? The bank for verifing the required data, Seeing that it does not meet the minum requirements, and still processing the application? Or me for getting them to actually pull our business credit file so they can see we have a VERY strong business file.

 

 

Exceptions are made all of the time in underwriting. Nothing different with this case.

[stroked89coupe]

 

 

Lucky for me I got all my business credit years ago, but the newcomers are having a hard time.

 

 

No body is having a hard time here....There is a close knit group of people on here that work together with establishing business credit...your not one of them....Now move along.....

[stroked89coupe]

I have had a legit business for almost two years now non-legit for about two and a half years. I have been approved for accounts many times when the min qualifications were 2 years in business even though that was not the case and reflected correct info on my application.

 

 

When you send in an application, There going to run it with whatever you put down. even if you don't meet qualifications (At least they always have for me) but when your on the phone I think it would be a different story.

 

 

 

How do you think dnb tracks this kind of stuff when a company has no financials on file with them.

 

They track it when they receive info from companies pulling your credit just like in your personal files.

 

The only way cra's (To my knowledge) get info from creditors is when they report your trade lines. Otherwise when an inquiry occurs the creditor is getting info from the CRA. at least I thought that is how it worked? So your saying when a creditor pulls a request from dnb for your company then the creditor basicly gives dnb a copy of your credit application and dnb records it and tracks things like income? Wow.....

 

Do you think they just take your word for it?

 

They have so far. Either that or they just don't care that we don't meet the minum qualifications (yrs in bus/income). How often are people verified income wise by consumer credit (Credit cards)? I nor anyone I personally know has. Don't get me wrong I know it happens. But usually these creditors do take your word for income. In my experience with personal and business.

 

They don't need you to submitt any paper work to get info and investigate your business.. I have no problem with any of the credit reporting agencies tracking info and investigating businesses.

If you don't have a real business or you don't bring in any money then you shouldn't be approved for any credit, it hurts all the real businesses that really need the credit.

 

 

 

I'm not trying to pick apart your post. Just trying to learn something I have never heard of before.

 

 

Yes they share info with each other all the time.. They can figure roughly what a company like yours takes in by industry and employee count, so if your saying you bring in $5 mill and your doing consulting work by yourself that is a little hard to believe right?.. But yes for the most they will take your word for it when your dealing with small lines of credit and again if basic info just doesn't make sense you will get declined.

 

As I have said over and over again their is no exact way to figure out who will get approved for what, based on certain things. You can come up with rough idea but small differences between every company can make a big difference in weather or not you will get approved.

 

 

I have held back from saying what I wanted to say to you for a long time. You have done nothing that has personally helped me. But you seem to post in almost every single thread I make. Your putting out a lot of wordage that seems to do me or no one else any good. And the conclusions that you come up with are within reason, But it's clear that you have experienced nothing of which you speak of.

 

 

 

You can move right along too....

[BRBiz]

I have had a legit business for almost two years now non-legit for about two and a half years. I have been approved for accounts many times when the min qualifications were 2 years in business even though that was not the case and reflected correct info on my application.

 

 

When you send in an application, There going to run it with whatever you put down. even if you don't meet qualifications (At least they always have for me) but when your on the phone I think it would be a different story.

 

 

 

How do you think dnb tracks this kind of stuff when a company has no financials on file with them.

 

They track it when they receive info from companies pulling your credit just like in your personal files.

 

The only way cra's (To my knowledge) get info from creditors is when they report your trade lines. Otherwise when an inquiry occurs the creditor is getting info from the CRA. at least I thought that is how it worked? So your saying when a creditor pulls a request from dnb for your company then the creditor basicly gives dnb a copy of your credit application and dnb records it and tracks things like income? Wow.....

 

Do you think they just take your word for it?

 

They have so far. Either that or they just don't care that we don't meet the minum qualifications (yrs in bus/income). How often are people verified income wise by consumer credit (Credit cards)? I nor anyone I personally know has. Don't get me wrong I know it happens. But usually these creditors do take your word for income. In my experience with personal and business.

 

They don't need you to submitt any paper work to get info and investigate your business.. I have no problem with any of the credit reporting agencies tracking info and investigating businesses.

If you don't have a real business or you don't bring in any money then you shouldn't be approved for any credit, it hurts all the real businesses that really need the credit.

 

 

 

I'm not trying to pick apart your post. Just trying to learn something I have never heard of before.

 

 

Yes they share info with each other all the time.. They can figure roughly what a company like yours takes in by industry and employee count, so if your saying you bring in $5 mill and your doing consulting work by yourself that is a little hard to believe right?.. But yes for the most they will take your word for it when your dealing with small lines of credit and again if basic info just doesn't make sense you will get declined.

 

As I have said over and over again their is no exact way to figure out who will get approved for what, based on certain things. You can come up with rough idea but small differences between every company can make a big difference in weather or not you will get approved.

 

 

I have held back from saying what I wanted to say to you for a long time. You have done nothing that has personally helped me. But you seem to post in almost every single thread I make. Your putting out a lot of wordage that seems to do me or no one else any good. And the conclusions that you come up with are within reason, But it's clear that you have experienced nothing of which you speak of.

 

 

 

You can move right along too....

 

Okay buddy! You you the new resident expert? You must know everything about business credit and running a legit business! Don't get pissy because I mentioned fudging the facts and this is what your doing. Im sure your landscapimg business doesnt bring in over $5mill a year! What a lot of you guys are missing is the fact that underwriters from these companies we all talk about know of this site and are aware of what goes on. In fact I wouldn't be surprised if they have changed the way they do things because of this board. Not because they don't what to lend to legit businesses but they want to keep the people looking to commit fraud away. Like I said in a previous post I know a lot more then I post some times to keep the scammers from learning every little trick. I give the info here and there when I think the person really needs it. If you haven't noticed a lot of the experienced people on here don't ever post any more and that is due to the attitudes of people on here and the fact that so many think they know everything and no one can tell them different. Not much has changed with the basic accounts you guys always talk about so it's nothing new to really talk about.

[stroked89coupe]

I have had a legit business for almost two years now non-legit for about two and a half years. I have been approved for accounts many times when the min qualifications were 2 years in business even though that was not the case and reflected correct info on my application.

 

 

When you send in an application, There going to run it with whatever you put down. even if you don't meet qualifications (At least they always have for me) but when your on the phone I think it would be a different story.

 

 

 

How do you think dnb tracks this kind of stuff when a company has no financials on file with them.

 

They track it when they receive info from companies pulling your credit just like in your personal files.

 

The only way cra's (To my knowledge) get info from creditors is when they report your trade lines. Otherwise when an inquiry occurs the creditor is getting info from the CRA. at least I thought that is how it worked? So your saying when a creditor pulls a request from dnb for your company then the creditor basicly gives dnb a copy of your credit application and dnb records it and tracks things like income? Wow.....

 

Do you think they just take your word for it?

 

They have so far. Either that or they just don't care that we don't meet the minum qualifications (yrs in bus/income). How often are people verified income wise by consumer credit (Credit cards)? I nor anyone I personally know has. Don't get me wrong I know it happens. But usually these creditors do take your word for income. In my experience with personal and business.

 

They don't need you to submitt any paper work to get info and investigate your business.. I have no problem with any of the credit reporting agencies tracking info and investigating businesses.

If you don't have a real business or you don't bring in any money then you shouldn't be approved for any credit, it hurts all the real businesses that really need the credit.

 

 

 

I'm not trying to pick apart your post. Just trying to learn something I have never heard of before.

 

 

Yes they share info with each other all the time.. They can figure roughly what a company like yours takes in by industry and employee count, so if your saying you bring in $5 mill and your doing consulting work by yourself that is a little hard to believe right?.. But yes for the most they will take your word for it when your dealing with small lines of credit and again if basic info just doesn't make sense you will get declined.

 

As I have said over and over again their is no exact way to figure out who will get approved for what, based on certain things. You can come up with rough idea but small differences between every company can make a big difference in weather or not you will get approved.

 

 

I have held back from saying what I wanted to say to you for a long time. You have done nothing that has personally helped me. But you seem to post in almost every single thread I make. Your putting out a lot of wordage that seems to do me or no one else any good. And the conclusions that you come up with are within reason, But it's clear that you have experienced nothing of which you speak of.

 

 

 

You can move right along too....

 

Okay buddy! You you the new resident expert? Almost, But to put it more accurately I just know what works when obtaining business credit and personally like to pass that information on to others. You must know everything about business credit.(I know enough)and running a legit business(I have to say I am a legit business and do follow local and state laws regarding business owenership)! Don't get pissy because I mentioned fudging the facts and this is what your doing. (I'm not, Just getting pissy about how you continue to comment about things you have not experienced personally and rather just ''assume'' thats how things work) Im sure your landscapimg business doesnt bring in over $5mill a year! (What business does in their second year? Very few. We are a design build and install team dealing with anything from hardscaping to landscape lighting, were not the person you see walking down the steet pushing a lawnmower to the customers house. If you must know all of our sales are up by a minum of 118% compared to last year, were doing excellent to put it mildly)What a lot of you guys are missing is the fact that underwriters from these companies we all talk about know of this site and are aware of what goes on. In fact I wouldn't be surprised if they have changed the way they do things because of this board (I agree, Just like prospective employers checking out your facebook before they hire you). Not because they don't what to lend to legit businesses but they want to keep the people looking to commit fraud away (I highly doubt they scoure sites like these for fraud purposes only). Like I said in a previous post I know a lot more then I post some times to keep the scammers from learning every little trick (of course, If everyone was like you credit boardes would not exist due to no one wanting to share information. do you think cb posters in the credit forum telling people how to effectivly remove collection from their report does not inspire people who commit fraud for a living to gain knowledge? Of coarse it does but were not worried about those people. here at cb were looking to help our members and grow the cb community). I give the info here and there when I think the person really needs it. If you haven't noticed a lot of the experienced people on here don't ever post any more and that is due to the attitudes of people on here and the fact that so many think they know everything and no one can tell them different (personally I think it's because when you get to the max in establishing business credit that you loose intrest in trying to learn more, Because to a point your at the end of the road business credit building wise.). Not much has changed with the basic accounts you guys always talk about so it's nothing new to really talk about. I agree, Quill gemplers uline yeah. But what it's always good to see is what works for others regarding other accounts/cli's/recon's ect. And thats what cb revolves around. Gaining from others EXPERIENCE.)