Over extending credi for necessities

Discussion in 'Business Operations' started by Team-Green L&L, Aug 2, 2006.

  1. Team-Green L&L

    Team-Green L&L LawnSite Bronze Member
    Posts: 1,776

    Okay, here's the problem: I have alot of personal credit loans ie; home, autos, credit cards (few), ect.

    We need a few more accounts with local rental places and such to streamline the operations, but they all want to extend more credit! No...no...no, I just want to put my company credit card up as a deposit status, not more credit.

    Anyone had this problem and, if so, what did you do?
     
  2. FLAhaulboy

    FLAhaulboy LawnSite Senior Member
    Posts: 852

    this is easy: take one of your tools and chop, cut or beat to death all your credit cards...
     
  3. HOOLIE

    HOOLIE LawnSite Gold Member
    Posts: 3,981

    These places are probably getting a better deal by pushing their own credit vs. accepting regular credit cards...that's why they want you to open an account...so just tell them "No thank you" and use your credit card.
     
  4. Thirdpete

    Thirdpete LawnSite Member
    from Chicago
    Posts: 236

    just ask for a super small limit (500 bucks should cover most single day rentals) and pay it off at the end of every month.that way, you dont have mucho credit on the credit report and, its just like cash since its paid in full every month.
     

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