📞 Get 1on1 help and a custom funding strategy with access to my banking contacts by booking a call: omnigrowthstrategy.com/apply-yto
@jcastilloarc25 күн бұрын
How much is the interest in that 50k line of credit and what is the term length to pay back
@creditjuan25 күн бұрын
It depends on credit profile. It will typically be the prime rate + whatever the interest will be so typically we are seeing anywhere from 9% to 15%.
@FayeJordan-y1m26 күн бұрын
Clark Jeffrey Martinez Dorothy Brown Mark
@creditjuan26 күн бұрын
?
@edwardochoa-zy7pc23 күн бұрын
I have a 690credit score but have no history on my report how can I get funded
@creditjuan23 күн бұрын
If there's no history then you need to work on getting some history on there.
@edwardochoa-zy7pc23 күн бұрын
@@creditjuan I only have a year in like 1year an 3 months of history
@thecarefreenatural923213 күн бұрын
How do you apply for both cards at the same time? Is there an option you select to apply to both or it does it automatically?
@creditjuan12 күн бұрын
You dont apply for multiple cards at one time. They would be spread out across a few months now. The double dipping trick no longer is working
@thecarefreenatural923212 күн бұрын
@@creditjuan aww dang it. Thanks
@jwsammybklyn1 Жыл бұрын
Thanks man your information is very uplifting
@creditjuan Жыл бұрын
Appreciate that!
@sha_la00711 ай бұрын
Thank you for the video and information. Does the PNC credit card and line of credit report to personal credit? Thank you in advance.
@creditjuan11 ай бұрын
No it does not.
@sha_la00711 ай бұрын
@@creditjuan Thank you!🙏🏿
@XcellorateLogistics-pf4kd6 ай бұрын
just verifying: across all three bureaus, I have 1 collection, 2 charge-off, 2 lates closed accounts ALL ARE OVER 2 YRS OLD, 690 equifax credit score - should I pull the trigger
@creditjuan6 ай бұрын
No you shouldn't you wont get approved. You would need to atleast get the collection and charge offs removed first
@seanromaka-ev1gq7 ай бұрын
1. 2k in business account for 3 months? 2. What is a good stated revenue amount? Personally just starting 3. What business naics code do you recommend? Management? 4. I have a thin profile on the personal side but a 740. Would they approve a 20-50k if I don’t have comparable credit on the personal side ?
@creditjuan7 ай бұрын
This can be discussed on your call with us. Looked like you just booked.
@stylzkeyz11 ай бұрын
I have two Wyoming LLCs in which PNC has no footprint. I have an excellent profile. Could I open a Business account as a Sole Prop? Also Could I apply as a Sole Prop and personal guarantee the Business Credit Cards without Operation Agreement, Articles of Organization?
@creditjuan11 ай бұрын
Great questions! PNC is kind of strict with giving out funding. You will definitely need operating agreement, and articles of incorporation plus other business docs. They are typically not our first bank to get funding from
@flyty2165 ай бұрын
I’m looking to open up business account with pnc so if I have no income I can still state I make like 20,000 of my business to get approved for a business line of credit because that what I will make also
@creditjuan5 ай бұрын
Business line of credit wont work for you with PNC. That ask for tax returns.
@MammanFamilyFoundationLLC Жыл бұрын
I received one Buisness credit card just saw the memo about the two for one and or bloc been about three weeks how long should I wait to apply for bloc and possible second credit card
@creditjuan Жыл бұрын
Pnc is very sensitive about new accounts even if its from them. 1.) I would get in contact with the banker that set you up and ask if its possible to apply for another card with the same pull. 2.) If not that it would be best to wait 60-90 days
@nadinejordan3297 Жыл бұрын
If you have stated income of $100,000, how much can you ask for when requesting the PNC Visa Business Credit Card and the PNC points Visa Business Credit Card?
@creditjuan Жыл бұрын
For business income or personal?
@nadinejordan3297 Жыл бұрын
@@creditjuan Business stated income of $100,000
@vidalgarcia8337 Жыл бұрын
Since they only pull your experian report, will it matter if you have new inquiries on your equifax and transunion?
@creditjuan Жыл бұрын
No you would be good there since they don't pull those.
@Lilthis_n_thatАй бұрын
My appt was virtual online
@creditjuanАй бұрын
Nice!
@Darnell-e3yАй бұрын
I tried PNC but had terrible experience. Switched banks and am happy I did it
@creditjuanАй бұрын
Yeah I completely get it. This is a older video and things have definitely changed
@RocKenworthАй бұрын
@@creditjuanlike what
@creditjuanАй бұрын
@@RocKenworth alot of their underwriting I will be making an updated video on them soon.
@sidshri60808 ай бұрын
Hey Juan, whats a safe business income to say to get 60K line of credit. In general, what would be a safe business income to say before they start asking the proof. I have a 2 year old LLC, but hoping to try draw cash with melio now. Your suggestions! Appreciate your content, brother 👍🏼
@creditjuan8 ай бұрын
Yeah it really depends on the bank. Each state and branch can do different things sometimes so you definitely don't wont to go to high for sure because you increase chances of asking for docs unless you can prove it of course.
@sidshri60808 ай бұрын
@@creditjuan got it. Does 100K revenue sound normal 🤔
@creditjuan8 ай бұрын
@@sidshri6080 that would be low
@412foto3 ай бұрын
my utilization is high on business side but want to move some of that card debt off of cards now charging interest to interest free cards. PNC a good option?
@creditjuan3 ай бұрын
If you're referring to balance transfers then yes they are.
@412foto3 ай бұрын
@@creditjuan yes looking to do a balance transfer to give myself a little more time with no interest to pay off
@creditjuan3 ай бұрын
@@412foto yes they have some cards that go to 13 billing cycles and beyond.
@codypatron5968 Жыл бұрын
I am a start-up niche sneaker brand but my credit is like 650 and I don't think I would get approved from this bank. And it could take me 6 months or longer before I would have revenue coming in even if I did get a loan. So my question is are there banks that will give you 1 year before you have to start making payments? I mean banks wait 4 years on college loans
@creditjuan Жыл бұрын
Great question. Your best bet is to get your credit up and get a 0% intro business credit card for a year or longer. That would be the closest thing to what your describing.
@codypatron5968 Жыл бұрын
@LaJuanHughes92 right but I would still need to make those monthly payments, without any money coming in yet. There has to be loans that help people that manufacture products, I will do some research. Thanks for replying back so quickly.
@garygretarsson4 ай бұрын
@@codypatron5968you should be giving them projected income. What would you realistically be making if you had the capital to create the revenue. You can save up some money before applying, so that you have a title stash to make the minimum payments on the full amount if you need to use it all right away. And then bust your ass to make some money with that so you can pay it back. And then apply for another one to do it again, and again and again. Focus in on using the capital directly into revenue generating activities. Ads and marketing, seo, etc. spend the time to get your credit in order before doing this it is way worth it. I spent a year preparing for this myself and I’m really glad I did. I worked three jobs for over a year, paying down credit cards, monitoring my credit reports constantly, setting up my business and all the things I need for it to look professional, opening business checking accounts at various banks and depositing money in them. This is not an over night thing, and it should not be treated that way.
@ebby901 Жыл бұрын
Hi! Are you saying 5% utilization on the personal side or the business side?
@creditjuan Жыл бұрын
Personal side, 5% or under. You can get away with 10% but it will lower your approval limits.
@Moemoney2foe75 ай бұрын
I’m starting a new LLC, literally just opened a business savings with PNC. While speaking with the branch mgr (spoken with her about 3x now) laid back n jolly.. but she’s essentially telling me no on getting any lines of credit for about 2 years smh.. but a credit card, yes!
@creditjuan5 ай бұрын
Yeah exactly. With this particular bank you do need 2 years of tax returns.
@BlackWorkSuede5 ай бұрын
@@creditjuan2 yrs of tax returns? or 2 years n business? In the video u say stated income and no docs just making sure
@creditjuan5 ай бұрын
@@BlackWorkSuede 2 years in business but this video is a few months old now and things have definitely changed with PNC
@BlackWorkSuede5 ай бұрын
@@creditjuan appreciate the update
@Mister_Hurt4 ай бұрын
Game. Appreciate it.
@creditjuan4 ай бұрын
No problem!
@lindura80 Жыл бұрын
Great content! Thanks, When you got that class?
@creditjuan Жыл бұрын
Will be dropping this Thursday. Make sure your subscribed and have notifications turned on.
@ApostleConstance Жыл бұрын
No new information here.
@creditjuan Жыл бұрын
Thanks for watching
@KingDavid4Christ Жыл бұрын
Thank you
@HanaPawsLife9 ай бұрын
👍
@Benchmark-JunkRemoval Жыл бұрын
Is PNC better than Chase?
@creditjuan Жыл бұрын
It definitely depends on alot of different things. For some people yes, for others no
@darrellsandersFaF Жыл бұрын
Need help
@creditjuan Жыл бұрын
With?
@cristianramirez42137 ай бұрын
You forgot fico 8 and fico 9
@creditjuan7 ай бұрын
Do you mean I forgot to mention which of those fico models they pull?
@mikam70163 ай бұрын
@@creditjuan where can i find my fico 9 score?
@creditjuan3 ай бұрын
@@mikam7016 my fico
@Y123545 ай бұрын
What if i put 5k to 10k and let it sit for 30 days, how much have you seen people get ?
@creditjuan5 ай бұрын
That wouldn't increase your bank rating. It would need to be 90 days.
@Y123545 ай бұрын
@@creditjuan do you still think i can get 10k with both cards ?
@creditjuan5 ай бұрын
@@Y12354 depends on a bunch of factors
@Y123545 ай бұрын
@@creditjuan My credit is at 750+ and no late payments. Will credit lines help ?
@creditjuan5 ай бұрын
@@Y12354 what exactly do you mean by that?
@rakimstories7 ай бұрын
I got a call from PNC and have a meeting with them to talk about opening account.
@creditjuan7 ай бұрын
Ok good job!
@rakimstories7 ай бұрын
@LaJuanHughes92 Thanks. Hopefully, it will go good
@creditjuan7 ай бұрын
@@rakimstories if your details are in line it should.
@rakimstories7 ай бұрын
I'm trying to be an author I have my llc and ein and article of corporation I should be good with this I've been told that I don't need the article of corporation.
@creditjuan7 ай бұрын
@@rakimstories yeah it depends on how the branch is
@KingDavid4Christ Жыл бұрын
Does it report to your personal credit or is it hidden ?
@creditjuan Жыл бұрын
No it will not show up on your personal credit outside of a inquiry.
@tesfapitt625 Жыл бұрын
Thanks for these valuable data points. 1) I have a 1 late payment (30 days late from Dec 2019). However, that account is now current and paid down the a 0 balance. Any idea how that may affect my approval odds with a 750+ score and 0% utilization? if Establish relationship over a month now. Have a balance just over 5 grand in biz checking 2. Do you recommend applying online or in branch with a banker. Is the BLOC a separate inquiry or is it 1 inquiry if the BLOC and CC are applied for together?
@creditjuan Жыл бұрын
@@tesfapitt625 we've seen it be only one inquiry for all products during the same day. You should be ok with the late pay. It is old enough now. Definitely apply in branch
@ahnonamos Жыл бұрын
Thanks. I might be looking at that $400 business card bonus you showed on their site next time I have a large purchase.
@creditjuan Жыл бұрын
There you go. That will work great
@MansaNze8 ай бұрын
What about the business address thing? There are no virtual addresses near me so I'm stuck using my personal address which doesnt qualify for business credit from many lenders.
@creditjuan8 ай бұрын
What state are you in?
@MansaNze8 ай бұрын
@@creditjuan I'm in Pennsylvania about about 70 miles from Pittsburgh.
@creditjuan8 ай бұрын
@@MansaNze if you check alliance virtual offices they have virtual addresses in Pittsburgh. You don't need to have things mailed there per say but just using that as the physical business address would work
@MansaNze8 ай бұрын
@@creditjuan Well I was more concerned about having a long distance address on my marketing material for a very local small town business. People find my website and exclude me because they believe I'm too far away.
@dvcoolpix Жыл бұрын
5% utilization so what's the point of this video in the first place?
@creditjuan Жыл бұрын
The point is to give you the data points on this funding play and show people what the underwriters are mainly looking for. Utilization needs to be low because banks aren't willing to lend you more money if you haven't paid back what you already owe
@ApostleConstance Жыл бұрын
@@creditjuanhigher utilization doesn't mean you don't pay your bills.
@creditjuan Жыл бұрын
@@ApostleConstance I agree with you but im just telling you how the banks view it. Especially now with underwriting being very tight.
@chevyavalon19914 ай бұрын
Do you have to have business credit established? If Is the personal pull good enough
@deeznuts740010 ай бұрын
So it would be one pull if I applied for both cards and the line of credit?