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CREDIT CARD (Upto 120K)
Hi, I know that 740 FICO is the minimum requirement for Up to $120K credit card based on the lending network website.
Should I increase my credit first or is there a different program for me?Thank you
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17 Replies
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We have other credit card and line of credit programs but it for a lower amount and may require docs. Please submit a pre-submission questionnaire at http://www.lendingnetwork.org and email us for any specific questions. We can help you boost your credit scores to reach your goals. 740 FICO will enable you for a $120k or $250k 0% business credit cards. You need a 780 credit score for a 780 credit score. If you need help you can contact Felix Nicolas at felix@gustancho.com. looking forward to working with you.
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Sorry, Gustan I accidentally skipped this answer. What would that program be? my current score is 661 and how much I could get with that score?
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This reply was modified 1 year, 1 month ago by Andy.
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This reply was modified 1 year, 1 month ago by
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You should get your score up first. how high is the score now
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Hi Dianne, it’s currently 661. How can I increase my score? thanks
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you’ve really got to be committed in doing what it takes. We have articles about boosting your credit I’ll have to paste an article here. in s few hours
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Thank you Dianne. I will wait for that article and if I need clarifications, should I ask here or email you?
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Andy, I will have Dianne respond to your question. She’s the guru in this topic. I know from what Dianne said that credit scores down to 680 FICO, you can get unsecured business cards but lower amount with full doc. However, I have seen Dianne get consumer credit scores up 87 points in 24 hours. What type of business are you in?
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That’s amazing. thank you Gustan. I will wait for Dianne’s instructions then.
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It is not easy getting to over 700 credit scores. I have seen Dianne Burnetts work. Phenomenal results. Thank you for sharing all your expertise in helping us with everything we need from credit preparation to unsecured business credit cards to business lines of credit and commercial loans.
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Thank you Bentley
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Totally agree. No matter how much a credit expert wants to help someone it will never be a success unless the client is committed and cooperates 110%
Otherwise it is a waste of time, and defeats the purpose. It is definitely doable but doesn’t happen overnight. Extremely time consuming and requires a lot of patience from both parties. However, if you work hard with a mission for success, the results are beyond rewarding and a life changer.
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Agree!
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Before committing others like Dianne or Gustan to help you, think twice about whether you are committed to go the process. Remember that it’s not am overnight easy thing to strengthen your credit score and credit profile. Just think about how long it takes the credit bureaus to update your credit score and credit. Sometimes it takes them over a month to update your credit profile. Every thing is a slow motion when it comes to credit bureaus and credit Updates.
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Thank you Jeannie for the advise.
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I am trying to boost my credit scores so I can qualify for the $250,000 unsecured business credit card for GCA MORTGAGE GROUP.
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Andy, go to http://www.lendingnetwork.org. Everything is there or will be there.
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Yes, it is true that most credit cards with $120K limits require a FICO score of around 740 or higher to be approved. However, other such programs or options depend on an individual’s financial status and goals.
Let’s have a look at some of the things that you can do:
Check Your Credit Report: Check your credit report. Even the slightest of mistakes could be repayment imperfections, making your score a lot worse than it should be.
Work on Improving Your Credit Score:
- Lower your existing debts.
- Pay all debts on time.
- Refrain from getting new credit accounts.
Different Programs: Some issuers may have different requirements for applicants with slightly lower credit scores. So, contact lenders before applying to get insight on such printers.
Secured Credit Cards: If you do not have time to build your credit, do not lose hope. Try looking for secured credit cards to help you improve your credit score.
Let us get into more constructive credits to improve your credit score and get a higher-limit credit card.
Check The Credit Report
Failure to Limit Integrity: To check for limitations, get one copy of the credit report from Experian, Equifax, or TransUnion through AnnualCreditReport.com.
Dispute Inaccuracies: For example, account errors or late payments, if any, should be reported and handled with the credit bureau for amendment.
Boost Your Credit Rating
Consolidate Debt: This means paying less of your total credit card bills to reduce the credit utilization ratio for all your cards to less than 30%.
Correct Timings: Always ensure you make every payment on any account, whether for credit card bills, loans, or utilities. Consider setting direct debit facilities for your payments or programmable reminders to avoid missing bill payments.
No New Credit Accounts: As you build your credit, it is advisable to refrain from applying for new credit accounts or making high-volume credit inquiries, which may negatively impact your score.
Authorized User: If a friend or a family member has a credit card with a long track record of low utilization and timely payments, apply as an authorized user for that credit card.
Try Various Programs
Research Card Issuers: Other credit card issuers may offer certain cards with higher limits but with a less strict requirement. This may be the case with several credit unions and rural banks.
Pre-Qualification Offers: The pre-qualification tools available on credit card issuers’ websites allow you to check the success rate of a pre-qualification process without impacting your credit score.
Focus on Secured Credit Cards
Enhance your credit: This type of credit card allows you to have a fraction of your funds placed in deposits, which becomes your limit at the end of the day. Proper usage of such cards can be advantageous for building one’s credit score or starting all over again.
Transition to Unsecured Credit Cards: Responsible use of some secured cards can allow users to redeem the security requirements and transition to non-secured cards.
Further Suggestions to Take into Account
Watch Over Your Credit Accounts: Use credit monitoring services to help you monitor your credit and adhere to notifications whenever there are changes in your credit report.
Track Your Overall Financial Stability: One is expected to regularly evaluate their financial well-being regarding savings, investments, and budgeting, which are aspects of financial stability.
These methods will help you increase your credit rating and get a high-limit credit card. If you have more questions, don’t hesitate to contact us.