- Posts: 2
- Joined: Tue Jul 16, 2013 6:00 pm
- Location: socal
hello all, I am here because I need your help. I would like some advice on how to go about and obtain a Platinum card for my business.
a quick history of my credit. I am a business owner. in 2010 my business partner was forced out of our business after it was discovered he had embezzled business profits to fund his "addiction." I was left with a mountain of debt to deal with in order to save the business. It took 2 years, but fortunately I was able to pay off all the business debt. but my personal credit was ruined because I had max out my own personal credit cards to keep the business afloat. my creditors put a lien on me ( which was later paid)
now fast forward to the present, even with all my debts paid. my credit score with Equifax is 650, Experian 686 and Transunion 676. I have several late 30 days and 60 days on my report.
I want to try to obtain a business platinum card. my business spends about 200k a year on expenses. and I have no debt. what are my chances of getting a platinum card? what can I do to increase my chances? I know the best way is to continue to pay all my bills on time. but even then it will take another 2 years before my credit score is above 700 again.