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cammy5

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  1. Posted 56 minutes ago I know there is a bit of a lag, or at least the possibility of one, between the Discharge date and the all CRAs updating to reflect that and how all of the account IIB with the correct status/notations. If one were to apply for auto financing - with more than sufficient POI and a reasonable down payment on a new car - before the CRAs update but with the official Discharge letter in hand, would that affect the possibility of getting auto financing approval from a non-fly by night company......i.e. a captive lender such as Honda Finance. financing approval from a non-fly by night company......i.e. a captive lender such as Honda Finance.
  2. Moved this to a more appropriate thread - Auto Financing. Mods, please delete. Thanks!
  3. I know there is a bit of a lag, or at least the possibility of one, between the Discharge date and the all CRAs updating to reflect that and how all of the account IIB with the correct status/notations. If one were to apply for auto financing - with more than sufficient POI and a reasonable down payment on a new car - before the CRAs update but with the official Discharge letter in hand, would that affect the possibility of getting auto financing approval from a non-fly by night company......i.e. a captive lender such as Honda Finance.
  4. Hello! Yes, I have used the search function and have been pouring over threads for a while now making notes for myself before I was brave enough to ask a question in this forum. I have outlined a plan of what I want to do to establish a business credit profile but want to outline it here so some of you that are much more knowledgeable than me can analyze and critique it. *My business partner and I have an attorney (friend of mine) that has drawn up a partnership agreement for us (50-50) and has filed the paperwork for an LLC. *For both of us, this is a "side business" that we are going to grow to allow us to step away from our corporate jobs in 1-2 years so, as such, we are not in a rush to establish massive amounts of business credit but want to be productive during this first year or so where we can have a respectable amount of business credit or ability to get decent lines after 1-2 years. *The business itself is an e-commerce marketing/advertising/analytics type business so it will allow us to work from our respective home offices during that first 1-2 year roll out as we don't plan to hire additional employees for some time. *We are filing for an EIN for the LLC. *The LLC paperwork filing was done for the state of Nevada for tax purposes, however neither of us physically live there (North Carolina and Florida are our states of residence). *We are setting up a business checking account with Chase Bank. *We will have a physical address for the business that will be listed at a UPS store so we can have a storefront physical address in North Carolina. *We are planning on setting up a D&B credit number/file. I've read that your file is created organically once you have 2 or 3 trade lines report but I've also read that there have been times where something fell through the cracks so we are thinking we want to have the D&B first and use it in all applications for starter lines. *From our reading, it seems that Quill is a great first line of credit resource. In fact, we are in a position with our roll out time frame that even if we aren't approved the first purchase for net30 account, we can buy things we actually need (a printer, office supplies) for the first 90 days until they extend a net30 credit line. From there, we can use this service to buy $75-$100 a month of goods and ensure that we pay around 10 days before the due day to ensure the best paydex score. *While we've read that Quill is the most useful net30 line to start with, it gets a little fuzzy after that. For net30 credit past that I've written down gas cards and possibly BJs (one is conveniently a block from my house). After Quill, what is a good resource next for net30 credit to continue to build out. *Ideally, from a business credit profile, in 1-2 years we would like to have a business Visa/MC/American Express type card that can be used to book travel (airfare, rental cars, hotels, client dinner meetings). The higher the limit the higher the self esteem, right? Ha, ha. On a more serious note, something in the realm of a $5-$10K limit would be fine. We've actually discussed the possibility - if there is such a thing - of checking into a secured business credit card with that type of limit if the business is not eligible for that type of limit on it's own. *One thing we have discussed is that we do NOT want to be a PG for any business credit for a variety of reasons. We are looking at a first year average monthly revenue of around $5-$10K a month with peanuts for actual expenses. Once we transition to this being full time for both of us in 1-2 years we would want to make that jump when the revenues are approaching $20-$25K monthly. I'm looking forward to hearing some great critiques and suggestions for our plan! If I left out any pertinent details please just ask and I'll try to fill in any blanks. Thanks again!
  5. I've been helping my girlfriend dispute and have removed a few college days financial missteps and with the exception of an odd student loan late payment from 3 years ago and a collection that is nearing 6 years old, her reports are now clean along with years of perfect car credit and several new credit cards we PIF every month. Her scores are in the 670-680 area and I suspect when that last old collection comes off she'll break 700. My question is I've seen some discussion here about the ideal number of revolving cards to have, AAOA, oldest account, etc that help push you from "perfect credit" in the 700s to getting into the 800 range. I was always under the assumption that you had to have 25+ year old credit cards with absurdly high limits to get into the 800s, but apparently that is not the case.
  6. https://photos.app.goo.gl/oKETmiQl5fQrHKhV2 This is the image, but I"m at a loss of how to upload it directly here.
  7. The lates are from September (30 days late) and October (60 days later) of 2014. I have a cropped image of those accounts listed on the credit report and how they show but, for the life of me, I can't upload an image here! I've pulled them from the CRA themself and also from the FICO forum. They show the same on each.
  8. My girlfriend's reports are finally clean except for 4 student loan accounts that show a 0 balance as they were refi'ed approximately 3 years ago yet they show a current status as '60 days late'. I spoke with her and she says it's likely she got behind right before they were refi'ed. All other negative marks other than a 6 year old collection have been removed and she has quite a bit of perfectly paid car credit and revolving credit card history. For reference her FICO8 scores are between a 667 and 680 on EQ/TU/EX. How would you try to dispute this?
  9. BOA Cash Rewards - $4200 limit US Bank Platinum - $3700 limit Cap1 Platinum - $3500 limit Cap1 Quick Silver - $2500 limit Sears Charge Card - $4000 limit Macy's Charge Card - $1500 limit JC Penny Charge Card - $2500 limit Nordstrom Charge Card - $1500 limit 2 cards I had to get to start over a few years ago - Merrick Bank and Credit One Bank
  10. First, let me THANK everyone here over the last 4-5 years as I've made my journey from being in the bottom of the barrel 400s and unable to qualify for a $100 store charge card to finally have every negative from all of my bureaus deleted! While I still have 100 or so points to go to get to that vaunted 800 club I can see the light at the end of the tunnel and am no longer embarrassed if there is ever a situation where my credit information must be discussed! As I've said. I have no negative history whatsoever but the only thing that is keeping me out of the highest scores possible is that I do have a pretty heavy revolving utilization. Here are the important numbers: 1) Revolving Debt: EQ - 74%, TU - 75%, and EX - 74%. 2) Avg age of Account: EQ - 12yrs, TU - 7yrs, EX - 9yrs 3) Total amount of revolving debt: approx $20,000 I've attached a screenshot of my scores. In my research, I've seen the best best balance transfer cards with a high enough limit to transfer most, if not all, of my various credit card debt onto require a score in the high 700s/800s. Based upon what I'm describing to everyone, would you have recommendations as to what card I could more than likely be approved for a high balance transfer to? FYI, I had a negative history with Discover and Chase a long time (8-9 years) ago so I assume I'm 'blacklisted' from them. Any help is definitely appreciated!

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