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Answers

How do you access the Credit Line of a Credit Card without directly buying anything?

I have one credit card with a credit line of 400(cash line of 80$). I know the max I can draw from an ATM is the 80$. But is there any way I can go into the bank and get the credit line deposited into my bank account?


The only way would be to do a cash withdrawal, then put the cash in your bank account.

Of course, the APR on a cash withdrawal is usually INSANELY high, so make sure you're willing to throw that money away in the form of finance charges.

Some cards will occasionally offer checks that you can write against your credit card balance, in which case you could probably write one to "Cash" and cash it, but those aren't that common.

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How much credit line can a company with an A1 Dun and Bradstreet rating qualify for?

I have seen a "seasoned company" for sale that has an A1 Dun and Bradstreet rating. How much credit line and what type of terms usually can a company with this credit rating qualify for? The seller states that it could probably qualify for 1mm with an A1 rating.


The rating is a factor, but there are many other factors such as assets, liabilities (including the aging of the AR/AP). You can get an appraiser to value your in/tangible assets. But the biggest factors are cash flow, EBITDA margins, and total revenue. Assuming your business is doing 1MM in EBITDA on 20MM revenue, you can secure for maybe 2.5 times that amount. It all depends on the dynamics. Also, if working capital is a crucial need, you can hire an investment bank to find you a mezanine lender that specializes in those deals. They usually give higher multiples on working cap if your business is on the up and up. Good luck.

How much credit line can OrchardBank sercured credit card offer me with BAD credit?

Man. My company ran out of buisness long time ago, and I need about $1000 quick cash, but my credit is bad. After all research, the only option I have seems OrchardBank. How much credit line do they offer to someone with real bad credit under 520?


The average is a $200-300 credit limit. And they will probably charge you about $70 annual fee which they will deduct from your credit line right away.

How can you get a credit line established if you dont have a credit card?

Ok I cant seem to be able to get a credit card due to no credit on file how do i establish a credit line.


Start with department store cards. After six months try for a Visa or MC where you have your checking account.

How easy is it to increase the credit line of a Capital One credit card?

I pay my bill faithfully and have had a Cap one credit card for a while and I am now wanting to increase my credit line/available credit. Everything should go smoothly right?


If your credit is well within 720, and can verify income, you will have no problem. I will say this after a couple of experiences.

Always call every quarter to negotiate better prime rates and/or promotions.

American Express sent me a form to have permission to access my 2008 taxes. Do not do that unless you make good money on paper.

Due to the tightening of credit and new legislation, you might have t disclose more than before. The good ol' days of a 19 year-old having a $13,500 limit with 3 other credit cards as a sophomore in undergraduate (1999) are over.

Oh! You will take an inquiry hit which will lower your FICO score up to 10 points regardless if you get the bump. If you ask, ask for more than you need. That will allow your debt ratio level lower, thus making FICO score go up.


  • Buy Cheap

  • Ok, once and for all…credit card debt. Is debt consolidation or ...

    Credit Counseling acts as a bankruptcy on your credit report, and there are more scam artists than legit conselling companies.

    If you feel like you’re going in circles, then what you should do is buy a 12 month calendar or day-planner, and every two weeks, write down exactly how much you still owe on all of them. If you’re making payments, you will see progress, you just have to track it.

    I would suggest you make a written budget, so that every dollar you make next month is spent on paper this month.

    I am in the same boat, tho I have been chipping at it for a while, and will tell you that if you still have good credit, keep it that way. Do not use counseling or consolidation. If you can get a second job, do it. Even if it is only delivering pizza a couple of nights a week, or working on Saturdays at Home Depot. Also, have a garage sale and get rid of everything that you aren’t using. Cut expenses where you can, like getting rid of premium cable channels, bring lunch to work, cutting down on your cell phone plan and just using it for emergencies. Check out Dave Ramsey’s "Total Money Makeover" from your library. Good luck!

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