Business CC- poor credit - Tilted Forum Project Discussion Community

04-21-2004, 06:12 PM

I need a business credit card- not too much major spending...I own an incense/oil business via computer- soon to be doing home shows on aromatherapy. I need some secure way to be able to afford orders (wholesalers require anywhere from $35-100 min. order) and soon I know I will need to be ordering more often per month.
Thing is we're kinda broke right now, going through a transition, and trying to stay afloat on bills.
Is there any decent credit card out there that I am able to get, w/o getting slammed with a high interest? I tried applying for an eBay credit card, but I was denied.
So, wondering if there's a workable solution out there as far as credit- hope someone has some ideas.....

hrdwareguy · 04-22-2004, 07:24 AM

First off, any idea why ebay denied you? They should send you a letter from telling you the reporting agency they used to get your credit report. You can then call that agency and get a copy of your report to make sure you don't have incorrect things on it. For example accounts still showing as open that have been closed...incorrect credit lines..things like that.

Everytime you try to get a credit card, it is listed on your credit report. I would first make sure your report is correct before trying to get any further credit cards. BTW there are three reporting agencies that companies use...if you correct information with one, you may want to contact the others and make sure your info with them is correct as well.

04-22-2004, 09:34 AM

right. Good point. I will find the letter and get a copy of the credit report. The only thing bad may be the late mortgage we had well over a year ago now. I haven't applied for any others, as I know that it can show up on the report.
Thanks!

irseg · 04-22-2004, 10:07 AM

I get a boatload of Advanta (www.advanta.com) business card preapprovals, I've heard they are pretty good.

beerman · 05-13-2004, 06:38 AM

Here is the first big step: Negotiate terms of sale with your suppliers. 30 days credit on merchandise is not too hard to come by. There are a lot of suppliers out there, look around. Even if the prices are a bit higher, favorable terms are king in a start-up.

If you are having trouble getting credit cards, then this could be a problem when business gets booming.

I would say definately get a side job while you are starting this thing. Try to figure out how much money you need to get the business moving and save. As soon as you have registered sales (paid sales tax, or some other proof) people will line up to give you credit.

04-21-2004, 06:12 PM	#1 (permalink)
:::OshnSoul::: Guest	Business CC- poor credit I need a business credit card- not too much major spending...I own an incense/oil business via computer- soon to be doing home shows on aromatherapy. I need some secure way to be able to afford orders (wholesalers require anywhere from $35-100 min. order) and soon I know I will need to be ordering more often per month. Thing is we're kinda broke right now, going through a transition, and trying to stay afloat on bills. Is there any decent credit card out there that I am able to get, w/o getting slammed with a high interest? I tried applying for an eBay credit card, but I was denied. So, wondering if there's a workable solution out there as far as credit- hope someone has some ideas.....

04-22-2004, 07:24 AM	#2 (permalink)
hrdwareguy "Officer, I was in fear for my life" Location: Oklahoma City	First off, any idea why ebay denied you? They should send you a letter from telling you the reporting agency they used to get your credit report. You can then call that agency and get a copy of your report to make sure you don't have incorrect things on it. For example accounts still showing as open that have been closed...incorrect credit lines..things like that. Everytime you try to get a credit card, it is listed on your credit report. I would first make sure your report is correct before trying to get any further credit cards. BTW there are three reporting agencies that companies use...if you correct information with one, you may want to contact the others and make sure your info with them is correct as well. __________________ Gun Control is hitting what you aim at Aim for the TFP, Donate Today

04-22-2004, 09:34 AM	#3 (permalink)
:::OshnSoul::: Guest	right. Good point. I will find the letter and get a copy of the credit report. The only thing bad may be the late mortgage we had well over a year ago now. I haven't applied for any others, as I know that it can show up on the report. Thanks!

04-22-2004, 10:07 AM	#4 (permalink)
irseg Junkie Location: Florida	I get a boatload of Advanta (www.advanta.com) business card preapprovals, I've heard they are pretty good.

05-13-2004, 06:38 AM	#5 (permalink)
beerman Upright Location: Bristol, CT	Here is the first big step: Negotiate terms of sale with your suppliers. 30 days credit on merchandise is not too hard to come by. There are a lot of suppliers out there, look around. Even if the prices are a bit higher, favorable terms are king in a start-up. If you are having trouble getting credit cards, then this could be a problem when business gets booming. I would say definately get a side job while you are starting this thing. Try to figure out how much money you need to get the business moving and save. As soon as you have registered sales (paid sales tax, or some other proof) people will line up to give you credit.