- Green Member
- Posts: 4
- Joined: Mon Jun 10, 2013 9:53 am
- Location: USA
Thanks So Much for your replies to me.
Actually, I DO have a fairly long credit history, with several credit cards that are almost maxed out to their lower limits, ( I secured all of them before I had a rather sizeable increase in my yearly financial receipts here. )
The thing is that in these last months, I had a significant increase in my finances instead. My yearly receipts have gone up enough to where I feel I can afford a ‘higher initial limit’ right now.
The thing that could hold me back is how even though I had more funds to pay down / pay off my other definitely higher card balances lately,
I actually chose not to do so due to other financial commitments that actually are not even my own commitments on paper, meaning they are not my own loans or credit or mortgage or car, etc…
I was assisting some other people in my life with their own finances since my increase in monthly funds, with some needed expense accounts for them each month.
So, my yearly income has gone up for this new application, but, my credit report shows revolving balances that are met every month, but, that are nearly maxed out to the end of their lower limits, however, having not been paid down / off even with more money available each month since my increase.
I could afford a new monthly minimum payment balance along with the monthly minimum payment balances for my other credit cards too right now, as I have zero mortgage / rent / car / food expenses along with this raise in my yearly salary here.
No other Personal Loans, or Student Loans or any other monthly debts either for me.
I just have no interest in searching out a Personal Loan or any card application, etc… that might be drawn out with hassles, as I really prefer to begin my new purchases for my new at home business right away instead. Time is worth much more to me than money, so I want a fast credit source vs. a longer wait loan / saving the money on my own.
The start up investment for this at home business is ( to get the very best start in it ), at least $5,000 or so, but I would also feel great with the spending leeway of a couple thousand more there at first too, ( although that higher credit limit amount really isn't necessary just to invest at first here ).
I really feel that this new at home business will be the avenue for me to assist some people in my life while making investments in my own life as well, which will include paying down / off my earlier credit debts along with affording this new credit card balance that I need to get started in this business now, whether that is paying this new one down / off fast or over a more limited length of time, no matter what.
I don't know that much about Business Credit Cards yet.
This isn't about investing in some brand new idea that I came up with and titled all on my own with a business phone, etc...however.
It is an at home online marketing endeavor created by other people, and I am actually applying a Cell Phone for my business purposes in it, as a lot of it is actually completed online anyways.
I know this is a somewhat complex story.
I am getting my current credit score really soon, today or tomorrow.
I realize that no one can predict what credit companies assign cards with what limits off the top of their heads at all.
I just thought I would throw this whole idea out there to see if there were at least a few consistent responses to this question anyways, just to see what might happen with your answers…
Thanks So Very, Very Much.