My Business Credit Journey to 1,000,000

In a previous post I spoke about a reader (DT), who was complaining about not being able to break into revolving business credit accounts and we suggested that an older corporation may do the trick. We have since looked at older corps but in order to get a proper understanding, we must try to compare apples to apples.

When previously looking at the older shelf corps, these corps had large tradelines, which will make a HUGE difference in getting approved but what we did not look at was an older corp with similar tradelines.

To do a little recap, DT’s corp is about 6 months old and has 5 tradelines reporting to DnB and the largest one was $100. The corp I am using now, let’s call it Consulting Shelf Inc, also has 5 tradelines but the largest on this one is a $300 line. This is not a big difference. I acquired this corp about 2 weeks ago and everything is set up right. I just applied to office depot and they needed me to call in with more information. I got a code 25 as many of us get. When I called in, they simply put me on hold and then I was approved for $1500. This is a huge differencet han DT’s experience. I will apply to a couple of other accounts in the coming weeks and let you know how it goes.

Marc