Preferred Line Of Credit

What specifically is the question? That they sent the check or that it activates a credit card with a $2500 credit line?

I don't see why they would send you a check to activate a $2500 credit line. Although, I could see them issuing a card that would require activation.

2006-04-05 22:59:47 by imbabytaz

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Questions is based on Canadian banking =
This question is amid at the banks/ financial for business. I am a small business, not looking to provide lenders with financial / tax fillings. ( why - the past two years I have been doing the business as part time and file little business income ) I am looking for a business line of credit or a business credit card, my business has no credit history and I am looking to secure it with cash - I prefer no personal credit check ( I do have good credit ) I am just having some extra funds and prefer to secure it. Based on this information I am almost unable to find any lenders in Canada to help ( how ever in the US secured business credit is dime a dozen - just not in Canada. So the run down is I am looking for a secured business line of credit / business credit card with very Little questions asked or providing extensive financial / tax papers/ and preferably N0 credit check Any advice from the industry ?
My best perspective is Vancity Business Visa gold, secured. ( The regular card is not securable - ) The only bad point about this lender is that I do not need the gold card, its $ 99 a year. $ 20 is ok. all other lenders for Visa & MC business in Canada seems to be heavey on the paper s of the business - Help ? The limit I am looking for is $ 2000- 6500 Canadian
Only looking for information in Canada,

The first question is what are your long term goals? If you simply want one card try Wells Fargo bank they have a very good secured business credit card.

If your goal is to eventually obtain larger lines of credit or loans I suggest that you

1) open business accounts with both Wells Fargo or Bank of America they both have secured business credit accounts

2) Open a secured credit card with Wells Fargo and a secured line of credit with Bank of America.

3) Both will be excellent sources to help build your business credit profile

For Additional information

DaJuan Tircuit
http://businesscredit.wordpress.com
www.rhemafundingsolutions.com

2007-05-05 17:47:34 by Canada Business

I just recently ask for a credit line increase last wednesday, it was apporved and use a automatic system. Then today, three days after, i requested again wanted to take it back but i cant, customer service says it cant be cancelled after pushing the go button.

Additional info's:
on the time of my second request i have a negative 31.00 credit available
My 199.10 dollar payment was processed but not credited waiting for verification(money was taken out of my checking account)

I maximize the use of my credit for this card has a credit limit of 600.00

I pay my debt in full not waiting for the due date, so i can have more credit available.

I have 2 other credit cards that i rarely use because i prefer the one that gives points. One has no charge with 1700 dollars limit and the other 39 dollar charge with 300 dollar limit.

How will my request for credit line increase affect my credit score?
Would it be unwise to keep doing what im doing right now?
I was not apporve of the second credit line increase

Each request for a credit line increase triggers an inquiry to your credit file. This in turn will be seen negatively by any future inquiries, and yes your credit score will drop because of this.

Maxing out your credit limit also lowers your credit score.

2008-06-14 07:30:49 by IP Questionaire

I've always heard closing credit lines, even if you never use them and they just sit at a balance of zero, will have a negative impact on your credit score. Specifically i've heard this from Suze Orman a few different times. Is this true? I have a a credit account I have no use for that I am considering closing. I won't ever need it, I have some other ones that I prefer.

The effect is minimal. She is not all she is wrapped up to be!
This is the deal: yes when you decrease the amount of available credit it decreases your score. But guess what-if you have alot of available credit the concern is that you may go on a spending spree, it becomes a risk. When managing credit cards, you want to make sure that your balance due does not exceed 50% of your available credit. That shows that you are managing your financials responsibily. Nowadays, when you choose to close a card, it is so noted on your report so that it does not appear that the creditor closed it. It is no longer the big deal it was in the past. Suze needs to get to speed!

2009-02-18 08:23:41 by thchoe

im 19 the only credit i have is for my macys card which ive had since july and with my stupid capital one which ive had since november and my credit score ranges from a 648 to 704 from all these stupid credit bureas...i want to know were and what kind of credit card i can get that will have a big crdit line and with a modest interest rate..i prefer answers that simply answer my question thank you
capital on screwed me over NEXT
like 800 and higher

Depending on what you mean by "high credit limit", you probably can't in these days of tight credit. Your credit score isn't bad, but isn't great either, and even people with next to perfect credit aren't getting high limit cards these days.

2009-04-27 15:19:54 by $RicH$BOY$