Bigtime Charlie

Denied by CIT! They had more questions then I had answers for.

Im in the retail clothing industry and almost every clothing, shoe, ect... company uses CIT for it's customers to get financing for their goods.

Hi All, Does anybody know if it is hard to get vendor credit from CIT Factors? I have a retail business and some of my vendors use CIT to extend credit. I called CIT and they said place an order with your vendor first then they would wokrk up a credit file for my company. I have 80 paydex 16 Tl's on DNB.

I got a email from Equifax Small Business yesterday. Their online service rolls out next month. So problems like yours should be easier to resolve going foward.

They are most likely missing some information on your file(employees, gross sales, ect...) Once they have a complete file they will issue a rating.

I had recently got approved for the BP Business Solutions Mastercard. Everytime I tried to use the card it would decline. I called to get the restictions lifted and they would not. For a net 7 gas card that has a $10 a month service fee. I dont think so. Cancelled on the spot. Avoid this one. Way better solutions out there.

I had to apply for 12-15 accounts in the short month of Feb and EX only shows 2 Inqs for the month. Only thing left to apply for is Sears or Costco. Im done with Apps for a long time.

Update on a few apps. Denied Target, Denied Regions Bank Business Card, Quik Trip and Shell wanted PG. What is strange is Exxon/Mobile approved me for $6000 after Shell denial. Also got Chevron and Citgo! I got more cards than I have room for in my wallet!

Denied Regions last week! App did not ask for PG but asked for SS# for Card Holders(officers). They Pulled Equifax and the denial letter said not enough info on credit file. They out source to FIA CSNA per the EQ pull. A rep at a branch will have to print you out a App. Regions dont use Chexsystems either!

Your right Greywolf! I found a Elan Business App online and it did not even ask for EIN.

Does this mean our Key Cards are no longer Citi backed. This could work out for the good because ELAN has over a dozen Business Cards. http://www.fatwallet.com/forums/finance/810638/?start=0

Wow! This Must have just happend this week. I just applied and received me card last week or so. They have pulled the Business Application from the web-site too. Also when you click "get rates" you see Elan in the Hyper-link! To me it looks like the Key Bank Mastercard approval process wont be the same. RIP KEY BANK!

You can report it with a Credit Builder Plan from DNB. They let me report my Email-Fax Service!

I read this the other day,and the dude Marc who runs this site also sells shelf corps!! Does he also own a Print Shop?

Check this out! http://www.mybusinesscreditblog.com/dell-b...ed-information/