Page 111 - Winning The Credit Game Bundle (CK Patrick)
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purposes   of  our  strategy ,  we  are  still  using  these  tradelines
                primarily  to maximize  your business  credit history so that you
                will become eligible for even bigger and better financing oppor-
                tunities in the future. This means being conservative  with their
                use,  since  having   an  impeccable   payment   history   is  vital  to
                getting to the truly top tier of business credit and financing.
                   But this is also the point at which your new business  credit
                lines can save you some serious cash on your business expenses,
                and allow you to do things you probably  could not have done
                using  personal  credit  alone . For this reason , it may  be worth
                investigating which credit lines offer the best rewards programs
                and  discounts  for  your  business  model,  and  considering  that
                separately  from the question  of whether  they report rapidly  to
                the most desirable credit bureaus.
                   If you follow my directions , you will get to the point where
                you  begin   to  become   approved   for  these   higher -end  credit
                options within four months.


                TIER 4: HIGH-LIMIT REVOLVING CREDIT

                The last credit tier we’ll discuss  in this book will be high-limit
                and cash lines of credit . These  are the biggest , most powerful ,
                and  most  difficult  to  obtain   business   credit   lines.  They  can
                include  business  credit  cards  with very high credit  limits  and
                very favorable  interest  rates and rewards  programs , and other
                types of financing you may not have heard about before.
                   The risk-benefit trade-off here is obvious. A skilled business
                owner  can  do a lot with  these  lines  of credit , and  they  show
                banks , investors , and  other  potential  lenders  or business
                partners that you are very good at managing your finances. But
                they also carry a high potential for both you and the lender to get
                into serious  financial  difficulty  if you  are given  one  of these
                highly flexible, high-limit credit lines, and you spend money on
                things you aren’t able to turn into profit.
                   Whether and when to apply for these credit lines will be up
                to you. My job here is to help you build the business credit score

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